What is an own-occupation policy?
Own-occupation covers physicians who have become disabled and are unable to perform the majority of their specialty-specific duties. Under own-occupation, the policy holder receives benefits if they are unable to work in their “own occupation,” even if they are able to find employment in another profession or even another medical specialty.
Why do you need own-occupation disability insurance?
In the case you become disabled and unable to perform your specialty, own-occupation allows you to continue working at whatever capacity you want while maintaining your expected income. Whether it’s keeping up with your mortgage, adding to a college fund for your children or retiring on the terms you expected, own-occupation disability insurance guarantees you stay on track financially when it comes to your goals.