Key Advocate – Physician Long Term Disability Program

Program Highlights:

The physician LTD program is a custom designed program, which is coordinated with individual plans, that can typically bring the total cost down 20% or more from a traditional IDI (Individual Disability Insurance) and other fully underwritten individual products alone. This program offers guaranteed issue (no medical requirements) and while providing “Specialty Occupation Coverage” that covers multiple contingencies:

Plan Highlights:

  • Up to $25,000 per month of additional long-term disability (without offsetting any individual LTD coverage)
  • Pension Rider – ability to protect your profit-sharing contribution up to $51,000/year (physicians/non physicians)
  • Medical Malpractice Rider – pays the premium for traditional malpractice, risk retention or captive up to $75,000 if partially disabled
  • Business Overhead (Key Person) Rider – helps defray the overhead cost of a firm while a covered professional or key employee experiences a period of disability (up to $15,000/month for 24 months, indemnity payment). These funds can be used to bring in another professional, offset office expenses or apply toward a buy-out of disabled physician.

Best Suited For:

  • High Income Medical Professionals: physicians, dentist, multi-specialty practice, ACO, MSO, Super Groups and hospitals.
  • Best Contact: Managing Partner, Owner, CFO or Director of Practice Operations