Archives: Glossary Terms

While some disabilities can prevent you from working completely, other conditions may only reduce your working capacity partially. For example, chronic pain or degenerative conditions may force doctors to work fewer hours or meet with fewer patients which can substantially reduce their earnings without qualifying as a total disability. A residual or partial disability rider … Read more

A true own-occupation disability definition is the single most important aspect of any physician’s disability policy. Own-occupation language ensures that a physician will receive their full benefit if a disability prevents them from working in their own specialty. Every physician should make sure their policy includes a strong own-occupation definition. Weaker definitions of disability will … Read more

The Elimination Period is how long you have to wait after filing your claim for your income replacement to occur. Available Options Provider Definitions Ohio National This is the period of time you must be totally disabled before base monthly benefits begin. Mass Mutual This is the period immediately following the start of disability during which benefits … Read more

The Benefit Period is how long your income can be replaced in the event of a long-term disability. Provider Definitions Ohio National This is the longest period of time that base monthly benefits or rider benefits will be paid for one total disability caused by the same or related injury or sickness. Mass Mutual The maximum length … Read more

The Monthly Benefit is the monthly income protection you would receive in the case you became sick or injured, and ultimately unable to work. This amount is adjustable but is based on your gross income. You are only eligible to insure approximately 60% of gross income through all disability insurance sources, however, there are some … Read more