As a health care practitioner, you know first-hand the impact of being injured or ill and not being able to work.

You see it in your practice every day.

You also understand the importance of disability insurance because you know if you can’t physically be at work, your pay cheque stops. But your bills keep coming.

I’m talking about doctors, dentists, physiotherapists, naturopaths, chiropractors and everybody that works hard to keep Canadians healthy and living a full life.

Here are the top 5 things you need to know about your disability insurance as a healthcare practitioner

1 – You need to know the definition of disability in your contract.

Not all definitions are the same and it’s crucial you know yours.

Not all professions get access to the same level of disability insurance.  As a healthcare practitioner you get some higher professional classifications so it’s important, you’re set up correctly.

2 – You need to know how long your benefits pay.

If you can’t work indefinitely will your benefits stop after 2 years or 5 years or do, they continue to pay until retirement at age 65?

3 – You need to know the term length.

Does your cost of insurance go up every 10 years or does it stay level until retirement?  How much will it go up by?

4 – You need to know the waiting period.

How long are you off work before the insurance company pays? Do you get a cheque after 30 days, 60 days, 90 days?

5 – Can you get more disability later when you’re making more money?

Maybe you just got out of school, or you just started your practice and you’re not making a lot of money right now, but in a few years you’re going to be making a lot more and a few years after that even more.

Can your disability benefit grow and cover your income as your income and expenses grow?

What also kind of crazy is that most life insurance people don’t sell disability insurance. This is because disability insurance is more complicated to set up for us, it will get claimed more and there’s generally more moving parts and more work to do disability insurance.

Disability insurance is one of those things you need set up correctly at the beginning otherwise it can cause problems later.

So, you really need to set up your disability insurance with someone that does it all the time.

Like us we’re experienced, and we know how to set it up properly for each different type of profession, especially people in the healthcare field.

Contact & More Info

We don’t offer all 5 of these things, but we have a good network of trusted professionals who can help you set up the parts we don’t do. Contact us through the form below.