How to Score Discounts on Physician Disability Insurance

If you are a physician who is in the market for disability insurance or have already purchased a policy, it is important to be aware of all of the available discounts to physicians.

It is important to work with an experienced independent broker who specializes in disability insurance who not only has access to available discounts but can help you compare rates to determine which policy is most suitable at the best rate.

Unisex Disability Discounts

To obtain a unisex policy, you must work with a broker who already has available discounts for you. Otherwise, you will need to find two other people at the same employer or hospital to purchase a policy.

Medical Resident Disability Discounts

Some companies offer a flat 15% or 20% medical resident discount. Policies must be purchased while in medical school or training; prior to graduation.

AMA Disability Discount

There are a couple companies that offer an AMA discount to members of the American Medical Association. These discounts are typically 10-15% off the non-discounted rate.

Life and Disability Combination Discounts

Some companies will offer a 10% discount on your disability policy if you also purchase a life insurance policy with the same company. The life insurance must be at least $1,500,000 in death benefit.

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