Long Term Disability (LTD) Insurance Options for Physicians and Attorneys
Physicians and attorneys invest considerable time and resources to train for their careers. Because of these unique training and job requirements, if their ability to practice becomes limited by disability, they may have different income protection needs than other employees.
Preferred Segment LTD insurance for physicians and attorneys addresses these needs by removing the Mandatory Rehabilitation and Return to Work Responsibility provisions and offering a more generous definition of disability, in addition to the following features and options.
The LTD plan includes:
- 80 percent Assisted Living Benefit for Severely Disabled Employees
- Reasonable Accommodation Expense Benefit
- Rehabilitation Plan Provision
- Return to Work Incentive
- Employee Assistance Program (groups with 10–2,500 covered employees)
Optional enhancements include:
- Own Specialty
- Qualified Medical Condition Definition of Disability (in conjunction with Own Specialty for physicians only)
- Annuity Contribution Benefit
- Employer Income Protection Benefit *
- Family Care Expenses Adjustment
- Dependent Education Benefit
Own specialty
Under the optional “Own Specialty” definition of disability, The Standard may consider a medical specialty or sub-specialty to be a medical doctor’s occupation if the doctor meets certain requirements. Likewise, The Standard may consider a particular legal subject matter area or type of legal practice to be an attorney’s occupation, if the attorney meets certain requirements. The requirements for the Own Specialty definition of disability from The Standard are clearly spelled out in the policy.
* Not available in New York
