A typical long-term disability policy will only replace about 60% of a physician’s lost income. However, with a catastrophic disability rider, you can automatically receive a higher benefit amount (up to 100% in some cases) for lost salary in the event that you suffer a catastrophic disability. Usually, a catastrophic disability is defined as a condition that prevents you from completing at least two activities of daily living (ADLs). ADLs include bathing, dressing, feeding yourself, using the restroom, seeing, or hearing.
Depending on your financial resources, a catastrophic rider can help you secure additional protection in the event of a worst case scenario. Some physicians prefer to put their available insurance premium budget towards purchasing a higher basic monthly benefit rather than purchasing a catastrophic disability rider.
Available Options
- Up to: $8,000
- Up to : $10,000
- Up to: $12,000
*Note: You can adjust the benefit period and elimination period in addition to the benefit amount up to the limits specified.
