Physicians/NEPA
Individual Long Term Disability Insurance
When facilitated through an endorsed agent, members of the Luzerne County Medical Society enjoy discounts on programs underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA. Berkshire Life is a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY.
The following briefly describes some of their highly regarded ProVider Plus provisions:
- Noncancellable and Guaranteed Renewable to age 65 (cannot change premium before age 65)
- Discounts up to 30%, including a discount only available to members for the entire term of the contract
- Medical Specialty recognized for physicians in Classes 6-3
- An "Own-Occupation" definition of total disability to age 65 for all invasive or surgical physicians (receive full benefits if working elsewhere, but unable to perform your "own-occupation")
- Additional disability income programs to insure retirements as well as protecting ongoing office expenses, such as Retirement Protection, Disability Overhead Expense, Disability Buy-Sell and Disability Reducing Term.
Physicians are also encouraged to visit:
Business Owners, Managers, Executives
Menu of Available Insurance Programs
Critical Illness Insurance.
Critical Illness Insurance may be an excellent compliment to your Personal Disability Income program. For example, it may be useful where you've exceeded your disability income issue and participation coverage limits, or where having access to a large, lump sum and income tax-free cash benefit would assist with personal and business cash flow considerations or to help fund a Buy-Sell arrangement.
