Insurance Agents For Physicians

This page lists recommended insurance agents specializing in term life and own-occupation disability insurance.

The companies listed on this page are our partners, which we have vetted extensively to offer you the industry’s best and most reputable insurance agents. However, it’s important to remember they do not represent all available options.

We appreciate hearing feedback on these advertisers, both good and bad. Rest assured that the only agents on the page are those with overwhelmingly positive feedback. Thank you for working with those who support this site.

Pattern Life Insurance
Disability Insurance
Expertise for physicians and doctors
PearsonRavitz Life Insurance
Disability Insurance
Expertise for physicians and doctors
Policygenius Life Insurance
Disability Insurance
Homeowners Insurance
Auto Insurance
LeverageRx Own-occupation/specialty-specific Disability insurance
Life Insurance
Lending and insurance marketplace specifically for doctors
Kaplan Financial Own-occupation Disability insurance
Life Insurance
Physician Specialized
Doctor Disability Own-occupation disability insurance
Specialize in physicians and dentists
Set For Life Insurance Disability insurance
Life Insurance
Specialize in physicians and other medical professions
Dr. Disability Quotes Disability insurance
Life Insurance
Specialize in physicians and other medical professions
Everyday Life Life Insurance
Customized recommendations and prices with a 2-3 minute survey.
Data and academic research drive recommendations.

Disability Insurance FAQ

If you rely on your income to support you or your dependents, disability insurance is extremely important. Injury and illness are two of the most common reasons people cannot work. According to the U.S Social Security Administration, more than 25% of 20-year-olds will experience a disability that keeps them out of work for at least one year before retirement age. 

Disability insurance safeguards your financial stability and keeps your goals intact in case your ability to earn an income is disrupted. This is essential if you stop working for a year or longer. Social Security benefits do not kick in if you can’t work for shorter periods. If you cannot work and generate income, these events can deplete your savings and significantly impact or delay your financial goals. 

For physicians and other medical professionals, own-occupation disability insurance is also particularly important. Own-occupation disability insurance will consider you disabled if you can’t work in your specialty or field but can still work in other professions. This is critical if you’re a high-earning medical professional because it will secure your current income level if you can’t work your specific occupation anymore. 

Nobody wants to plan for involuntary departure from work, but disability insurance will protect your income and keep your financial goals intact if that unfortunate day comes.

Own-occupation disability insurance is essential because it makes receiving benefits much more accessible than any occupation-based disability insurance. 

Own-occupation considers individuals disabled if they can no longer perform the duties of the specific job they trained for or were performing before becoming disabled. Specific policies will also consider your education, age, and experience when determining if you are disabled. 

If you can no longer perform your duties as a physician but could technically still work as an office clerk, you would be considered disabled with an own-occupation disability insurance policy. As a result, you would receive your benefit, and your income would be protected. 

On the other hand, with other occupation disability insurance plans, if you could still work in any capacity – even if the occupation is lower paying and does not match your education or experience – you would not be considered disabled. In this case, you would not receive your benefits and your income would not be protected.

Most financial professionals believe that the ideal range is between 60%-70% of your income as most professionals don’t spend everything they earn. In addition, most people will experience a decrease in costs once they stop working, so receiving one’s total income isn’t always necessary.

However, you must consider your monthly expenses to determine what works best. How much money do you spend each month, and how much do you save? At a minimum, you should get a policy covering all of your monthly expenses plus a little extra for security in the event of unexpected expenses. 

Short-term and long-term disability insurance is in reference to the length of time that your income will be protected. 

As the name would suggest, short-term disability insurance will pay a benefit if you are disabled and unable to work for a short period. The specific length of your benefit will depend on the policy, but most short-term disability insurance policies range from three months to one year. 

Long-term disability insurance will pay a benefit if you become disabled and can’t work for longer than a year. Long-term disability policies can range from one year, two years, three years, five years, ten years, and sometimes until you reach retirement age. Ultimately, the specific length of the benefit term will depend on your policy, but the longer the benefit term, the more expensive the policy will be. 

It’s also important to note that short-term disability insurance typically covers more of your income than long-term disability insurance. Additionally, short-term disability insurance is typically cheaper than long-term. 

In both policies, the level of income protection typically has a maximum limit that can be paid each month or annually. The more your income you want protected, the more expensive your policy will be.

Life Insurance FAQ

Hopefully, we’ve established the importance of insurance when others depend on you and the income you provide because life insurance is no exception. You must insure yourself if you have a partner and/or children for whom you provide financial support.

Generally speaking, single people with no kids, parents, or anyone else financially dependent upon them do not need life insurance. If you have siblings, cousins, or anyone you’d like as a beneficiary, that could be a good reason to have life insurance. Still, the goal is usually to support those dependent on you and your income.

The financially independent is another group that doesn’t necessarily need life insurance.

The point of any insurance is to ensure your remaining kin can pay off debts and maintain a comfortable lifestyle in your absence. If you have achieved financial independence – meaning you have enough money to live your desired lifestyle indefinitely without earning another cent – paying for life insurance is unnecessary.

 

How to Determine Your Term Life Insurance Needs

 Assuming you have people dependent upon your income and you’re among the 95% to 99% who will be better off with term life insurance, you’ll need to decide how much coverage you should have.

Most life insurance calculators base your needs upon your salary. However, like any retirement calculator that uses similar criteria, using your salary as the benchmark only makes sense for those living paycheck to paycheck or saving a small portion of their income.

Whether to retire or leave your heirs financially unburdened, you need money to support a desired lifestyle. Your salary is only relevant to the extent that it dictates your lifestyle, but it’s best to uncouple those if you want to achieve true financial freedom.

Financial independence requires something in the range of 25x to 30x your anticipated annual spending in retirement.

For term life insurance to make your remaining family financially independent, the lump sum payment – combined with assets already saved for retirement – should leave them with at least  25x to 30x their anticipated annual expenses.

Life insurance must equal your financial independence (FI) number less your retirement assets.

As your retirement assets grow and the gap between your savings and FI number decreases, you’ll need less life insurance.

There are five main types of life insurance: term life, whole life, variable life, universal life, and final expense life insurance.

Below we will briefly summarize the differences between these policy types.

 

  1. Term Life Insurance

Term life insurance is the most popular and affordable type of life insurance available. These policies last anywhere from ten to thirty years and, in some instances, even longer.

Some term life insurance policies also implement automatic renewal periods that renew your term life insurance for a set number of years at the end of each term.

 

  1. Whole Life Insurance

Whole life insurance is a type of permanent life insurance, as the policy has no fixed term. The policy remains active while you are alive and paying your monthly premiums.

Whole life insurance also comes with a cash value or a tax-deferred savings component in addition to the death benefit your beneficiaries would receive. You can use a whole life insurance policy’s cash value or savings component while alive if you need a lump sum. The cash value aspect of this policy also accumulates over time like a savings account.

 

  1. Universal Life Insurance

Universal life insurance is another type of permanent life insurance. The main difference between whole life and universal life insurance is that universal life insurance offers flexible premiums.

This means that you can adjust the monthly premium you pay every month. To accommodate any changes, the difference between your required premium and the premium you pay in cash every month is either withdrawn or added from the policy’s cash value component.

 

  1. Variable Life Insurance

Variable life insurance is a type of permanent life insurance. The main difference between the previous two policy types is that you can invest your policy’s cash value component into various investment funds your policyholder offers.

The death benefit for variable life insurance policies has a guaranteed minimum, but the cash value is less predictable than whole life and variable life insurance. This is because the variable life insurance cash value depends on market conditions.

 

  1. Final expense Insurance

As the name suggests, final expense life insurance is a type of insurance that pays a death benefit dedicated to helping your beneficiaries cover your end-of-life expenses.

These policies are less common and often recommended to older adults who only want to cover funeral and other end-of-life expenses. Final expense life insurance policies are not meant to replace your lost income or provide extensive support to your beneficiaries.

As a result, death benefits and premiums are significantly smaller than all other types of life insurance.

 

Term Life Insurance

Length: Variable – 10 to 40 years

Premiums: Fixed

Death Benefit: Yes

Cash Value: No

Whole Life Insurance

Length: Permanent

Premiums: Fixed

Death Benefit: Yes

Cash Value: Yes

Universal Life Insurance

Length: Permanent

Premiums: Adjustable

Death Benefit: Yes

Cash Value: Yes

Variable Life Insurance

Length: Permanent

Premiums: Adjustable

Death Benefit: Yes

Cash Value: Yes

Final Expense Life Insurance

Length: Permanent – Once you die

Premiums: Fixed

Death Benefit: Yes

Cash Value: No

 

Insurance Agents For Physicians

Pattern provides simplified tools and training to protect doctors’ finances, families, and futures. They have helped over 20,000 doctors choose the right insurance plan.

Pattern eliminates the hassle of sifting through insurance quotes and finding the best one. All you do is fill out a simple form and they will gather all the quotes for you. From there, you can compare your options with specialists at Pattern. Once you secure the right policy, they will assist you with all the paperwork and legal documents. 

Pattern also provides expert educational webinars and seminars to keep doctors current. They partner with experts in taxes, job search, legal issues, and debt to provide valuable, honest content for residents, fellows, and early-career physicians. 

 

Insurance Offered

Life Insurance 

Disability Insurance

Key Takeaways
  • Expertise for physicians and doctors 
  • Allows you to gather, compare, and purchase insurance
  • They assist with documents and paperwork to complete your policy
  • Provides education by experts to keep physicians informed

 

PearsonRavitz stands out from other insurance brokerages because of its experience and expertise with physician-specific issues. In particular, they specialize in disability and life insurance for physicians to ensure that you are covered for every possibility, however unlikely. 

Founded by Dr. Stephanie Pearson– an OB/GYN disabled in the prime of her career – and Scott Ravitz – an insurance expert to the medical community – PearsonRavitz’s mission is to educate and empower physicians and other healthcare professionals to make informed decisions regarding disability and life insurance coverage. 

Their commitment is to ensure that insurance is simple and transparent, an experience that Dr. Pearson did not experience when she first became disabled. 

You can take the first step by scheduling a consultation with one of their brokers. And rest assured, you’ll be joining thousands of healthcare professionals nationwide who have chosen to protect their income with PearsonRavitz.

 

Insurance Offered

Life Insurance 

Disability Insurance

Key Takeaways
  • Expertise for physicians and doctors 
  • Founded by a physician and insurance expert with first-hand experience in disability insurance as a consumer and professional 
  • Their goal is to help physicians make informed decisions 

Policygenius is America’s leading online insurance marketplace. They are a one-stop shop for all your financial protection needs, from life insurance to homeowners insurance

What’s excellent about Policygenius is that they allow you to input your needs, compare your quotes, and buy all in one place. This feature saves you the headache of manually visiting multiple websites and comparing your options and quotes. 

Start by calculating personalized quotes from top insurers using their straightforward online tools. When you’re ready to apply for a policy, the Policygenius team of licensed, unbiased experts handle all the paperwork and red tape – for free. 

Their proprietary technology and the human support from licensed experts provide the best of both worlds when choosing and buying insurance. 

 

Insurance Offered

Life Insurance 

Disability Insurance

Homeowners Insurance 

Auto Insurance

Key Takeaways
  • Platform to gather, compare, and buy insurance 
  • Proprietary technology to gather and compare quotes 
  • Human support from licensed experts

 

LeverageRx allows busy physicians to quickly and easily compare rates and features on actual own-occupation/specialty-specific disability and term life insurance. 

Their insurance experts will find the best options and discounts for your specific situation and specialty and make recommendations based on your goals. 

Here is a step-by-step of their process: 

  1. Fill out a small form to see your quotes
  2. Talk to an unbiased agent to answer your questions and unlock exclusive discounts
  3. Find the best own-occupation disability insurance policy for you

It’s that easy, so get started with LeverageRx today to save time and return to what you enjoy. 

 

Insurance Offered

Own-occupation/specialty-specific Disability insurance

Life Insurance

Key Takeaways
  • Lending and insurance marketplace specifically for doctors 
  • Provides experts to walk you through the process and help you choose the best option 
  • Specialize in physician-specific insurance 
  • Straightforward process 

Kaplan Financial specializes in serving the unique disability insurance needs of over 2,500 physicians nationwide. 

Robert B. Kaplan is a former Certified Financial Planner™ with Ernst & Young and the founder and President of Kaplan Financial. He has been married to a practicing physician for over 25 years.

Kaplan Financial offers a comprehensive suite of financial services and concierge-level client service, delivering an integrated financial services solution. At every stage of your financial and professional life, Kaplan Financial can provide the physician-specialized financial advice and services you need from an experienced source.

Kaplan Financial is the place to go for objective and experienced financial advice, discounted rates on individual disability insurance, and a long-term commitment to superior service. 

 

Insurance Offered

Own-occupation Disability insurance

Life Insurance

Key Takeaways
  • Expert in physician insurance 
  • Works with a broad range of insurance providers 
  • Offers many services outside of insurance 
  • Physician Specialized 
Contact Information

P: 818.783.6620

E: robert@kaplanfinancial.net

W:  www.KaplanFinancial.net

Vetting ApplicationKaplan Financial Vetting Application

 

At Doctor Disability Insurance, you get experts that know how to create a disability insurance policy for doctors and physicians of all kinds.

Founded by Chuck Krugh – a Certified Financial Planner with more than 20 years of experience working with professionals in the medical/dental industry – Doctor Disability Insurance specializes in disability insurance and physician and doctor-specific issues.

Doctor Disability Insurance is committed to helping physicians protect their most valuable asset: their ability to earn an income. They are an innovative, one-stop service that makes choosing the best disability insurance quick, easy to understand, and affordable.

They also allow you to save money and time by comparing plans and prices from leading insurance companies all in one place.

 

Insurance OfferedOwn-occupation disability insurance
Key Takeaways
  • Specialize in physicians and dentists
  • Experts in disability insurance
  • Platform to get quotes and compare prices all in one space
  • Helpful customer service and an innovative platform
Vetting ApplicationDoctor Disability Vetting Application

Since 1993, Set For Life Insurance has been a national leader in helping thousands of physicians with their disability insurance needs. They have the most extensive portfolio of exclusive discounts in the country. Set for Life also has the most extensive availability of unisex rates nationwide, helping women save significantly.

As independent brokers, they shop around and help you compare plans to find the most suitable policy at the best available price. Jamie Fleischner, President of Set for Life, is known for her responsive, knowledgeable, and down-to-earth manner when working with her clients.

 

Insurance Offered

Disability insurance

Life Insurance

Key Takeaways
  • Specialize in physicians and other medical professions 
  • Largest portfolio of discounts 
  • Side-by-side comparison of insurance plans 
  • Focused on each individual’s insurance needs combined with exceptional customer service 
Vetting ApplicationSet for Life Vetting Application

DrDisabilityQuotes.com is an independent provider of disability insurance planning solutions to the medical community nationwide. Bob Bhayania, MBA and managing partner, lectures at hospitals and faculties to teach medical professionals about the creation of income protection and risk management. 

Dr. Disability Quotes works with residents and fellows to set up sound financial and insurance strategies. They leverage decades of relationships with top insurance companies to deliver discounts to all eligible applicants.

Their interactive website helps physicians learn about disability insurance and run instant comparison quotes from multiple companies. 

 

Insurance Offered

Disability insurance

Life Insurance

Key Takeaways
  • Specialize in physicians and other medical professions 
  • Dedicated to ​​unbiased independent disability planning solutions
  • Side-by-side comparison of insurance plans 
  • Discounts due to decades of experience 
Vetting ApplicationDr Disability Quotes Vetting Application

 

Everyday Life Insurance uses state-of-the-art technology, providing unparalleled solutions to meet your needs. 

With a two-minute survey, they can provide you with which policy fits you best. Their recommendations are based on the latest academic research on family financial planning while considering your specific budget and circumstances. 

Everyday Life is committed to transparency and clarity. They provide detailed insights into the reasoning behind each recommendation, empowering you to make informed decisions about your coverage.

Experience a seamless, proficient, and precise online process. You get the customized approach of a personal insurance agent but the convenience and speed of an online course.

Insurance Offered

Life Insurance (Accidental Death, Whole Life, Term Life)

Key Takeaways
  • 2-3 Minutes to receive recommendations and prices without any contact information.
  • Data and academic research drive recommendations.
  • Seamless, proficient, and precise online process.
  • The customized approach of a personal insurance agent but the convenience and speed of an online approach.

 

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