Provider Reviews: Principal Disability Insurance

October 18, 2022April 22, 2020 by Justin Nabity

In the past few months, we’ve written quite a bit about disability insurance and why it’s so important. For physicians, it is the best way to protect your income if you become injured or disabled and cannot do your job.

If you become injured or ill, your bills won’t stop. You’ll still have to pay your mortgage, and you’ll still have to pay back your medical student loan debt.

Therefore, disability insurance can help pay all of those expenses, provide security for your family, and protect your financial future.

Physicians always come to us for advice on disability insurance. When they do, we hear the same question over and over:

Who is the best provider for long-term disability insurance?

As part of our continuing series of Provider Reviews, we’re detailing some of the best (and worst) disability insurance providers for physicians.

Today we’re taking a look at Principal disability insurance.

Here is our complete provider review on Principal disability insurance.

Hidden “Own-Occupation” Traps in Physician Disability Insurance

October 18, 2022April 14, 2020 by Justin Nabity

When it comes to disability coverage, beware the fine print. The difference between “own-occupation” and “any-occupation” coverage is one of the most important distinctions in physician disability insurance. True own-occupation coverage provides doctors with essential income protection, while lesser policies can leave physicians exposed to extreme financial risk in the event of a disability. Own-occupation … Read more

Provider Reviews: Guardian Disability Insurance

December 12, 2022April 9, 2020 by Justin Nabity

At Physicians Thrive, we always stress the importance of disability insurance. And that’s because disability benefits equal income protection. For physicians and high-income earners, it’s crucial to have a safeguard in place in case you become too ill or injured to work and earn income. Disability income insurance is one of the best ways to … Read more

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 23, 2025March 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.

Essential Insights on Why the Cost of Long Term Disability Insurance is Worth It in 2025

November 12, 2025October 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 long term disability insurance for physicians: medical history, age, specialty, benefit level, insurance company—the list goes on. Because of all these variables, it can be difficult … 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

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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