Provider Reviews: Northwestern Mutual Disability Insurance

December 6, 2023April 3, 2020 by Justin Nabity

With so many insurance providers to choose from, selecting a disability insurance policy can be a difficult decision.

It requires research. Comparing various plans is vital. You want to be sure that the one you choose offers the best coverage and terms.

At Physicians Thrive, we’re committed to providing physicians with the information to help them make that decision. Our ongoing series of Disability Insurance Provider Reviews is designed to do exactly that.

In recent months, we’ve reviewed some of the Big 6 insurance providers, including Ameritas and MassMutual.

Today we’re taking a look at Northwestern Mutual.

Why Relying On Your Employer-Sponsored Disability Plan Can Hurt You

June 27, 2024March 19, 2020 by Justin Nabity

Remember to keep group long-term disability insurance that is provided by an employer and/or association as your secondary plan, not primary.

It happens all of the time. Physicians get lost in the Disability Insurance Maze. This is because of misunderstandings about what they wrote in the fine print of disability insurance contracts. Whether they are group or individual insurance plans. They are not experts in legal contracts. They often place too much faith in the employer to adequately select a disability plan that provides the coverage physicians need. Most employers often select group disability plans based on cost rather than the strength of the policy.

Provider Reviews: Ameritas Disability Insurance

October 19, 2022March 3, 2020 by Justin Nabity

Disability insurance is one of the best ways to protect your income, your assets, and your financial future.

Can you even imagine if you were injured or disabled in a way that prevented you from working as a physician? How would you pay your mortgage? How would you pay your bills?

Would you be able to survive if you had zero income coming in?

For most physicians, the answer to that last question is a resounding no.

Disability insurance offers you a way to still earn income, even if you are unable to perform your medical duties. And there are dozens of insurance companies that provide it.

One of those insurance providers is Ameritas. Today we’re exploring all aspects of Ameritas disability insurance, what it offers, and how it can benefit you.
Here is our complete provider review on Ameritas long-term disability insurance.

Why every physician should have an FIO Rider in their disability policy

October 19, 2022February 6, 2020 by Justin Nabity

Disability insurance rates for physicians can be daunting for early physicians. To mitigate this, the Future Increase Option Riders are designed to make coverage affordable and scalable with your career. Disability insurance provides invaluable financial protection for young physicians. However, affording disability insurance can be a paradox for new doctors. The less money you have … Read more

What is a Residual Disability Insurance Rider?

October 19, 2022October 28, 2019 by Justin Nabity

Physician’s insurance can have complications.

Just when you think you understand what disability insurance is all about, you learn that’s there’s yet another curveball: optional riders. While most policies may seem straightforward, there are almost always optional add-ons that can provide you with even more benefits.

Today we’re focusing on disability insurance and the residual disability insurance rider.
What it is, why you need it, and what it covers.

Keep reading for our full guide to the residual disability insurance rider.

What You Need to Know About the Cost of Disability Insurance

December 20, 2024October 25, 2019 by Justin Nabity

disability insurance protects your lifestyle

While disability insurance can seem like a daunting purchase for young doctors, it provides indispensable financial protection. There are an enormous variety of factors that determine the cost of a physician disability insurance: medical history, age, specialty, benefit level, insurance company—the list goes on. Because of all these variables, it can be difficult to boil … Read more

How Does Disability Insurance Cover Cancer?

November 4, 2022June 12, 2019 by Justin Nabity

In the event of a cancer diagnosis, disability insurance can serve as an essential safety net for physicians. In order to safeguard their earnings and finances. While the prognosis for different cancers can vary widely, most cancer diagnoses will necessitate time off work for proper treatment. Whether this time off lasts for a few weeks … Read more

How Long-Term Disability Insurance Can Protect Visa and Green Card Holders

October 19, 2022May 24, 2019 by Justin Nabity

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Long-term Disability The possibility of becoming too sick or injured to work is a sad prospect for any physician. And even more so for doctors who rely on a green card or visa to stay in the United States. A long-term disability poses a serious risk to both the earning ability and the residency status … Read more

Disability Insurance with a Pre-Existing Condition

October 18, 2022May 24, 2019 by Justin Nabity

Pre-existing conditions are a common talking point when it comes to health insurance, and under current federal health care, they cannot deny you health insurance due to a pre-existing condition. When it comes to disability insurance however, there is a different set of rules. Depending on the specific condition and the insurance company, an individual … Read more

Does Disability Insurance Cover Mental Health?

October 20, 2022May 10, 2019 by Justin Nabity

When it comes to disability insurance, coverage limitations and higher premiums are still common for physicians who have dealt with mental health issues. Mental health coverage is an important consideration when choosing a long-term disability plan, even if you don’t consider yourself likely to ever need this type of coverage. True own-occupation disability insurance provides … Read more

Remember to keep group long-term disability insurance that is provided by an employer and/or association as your secondary plan, not primary.

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