MORE OPTIONS, MORE SAVINGS
ON DISABILITY INSURANCE FOR
PHYSICIANS
Presented by the Texas Medical Association Insurance Trust
You can’t predict
the future, but
you can help
protect it – at
least when it
comes to your fi nances.
That’s the thinking that
underlies disability insurance.
SPONSORED 14 | DALLAS MEDICAL JOURNAL • March 2022
Nobody knows if, or
when, they might have an
injury or illness that could
prevent them from working
– particularly at this
time when we’re seeing
a dramatic upsurge in new cases of COVID
19. Without work, for most physicians,
that would mean their income would
diminish signifi cantly or stop altogether.
Disability insurance is there to provide
income at those times and is therefore
considered an essential safety net to help
protect our fi nances. That said, we fi nd
that many physicians – even those who
currently have some disability insurance –
may not have enough coverage, leaving
their fi nancial future vulnerable.
See Your Unprotected Future
Income
You may have heard that only 60%-
65% of your salary would be needed to
live on if you were unable to work. That’s
the number often quoted by insurance
brokers. They estimate that your expenses
will be lower while you’re recovering. We
see it diff erently.
We take into account your whole career
and calculate how much of your future
income could be unprotected if you were
unable to work until retirement.
To help you see how much of your own
income may be unprotected, we’ve created
the Unprotected Income Calculator.
Enter a few quick details anonymously
and you can quickly see how much of your
future income may be unprotected until
retirement. Armed with that information,
you’ll be in a better position to know your
disability insurance needs. You can fi nd
this calculator on our website at tmait.org.
Save on These Own-Occupation
Options
We understand that for many physicians
the cost of coverage can be a primary
consideration. So we’ve put together
an array of disability insurance product
options with exclusive member rates.
These are available at a lower cost than
you would most likely fi nd elsewhere. Here
are three own-occupation plans available
from leading national carriers:
• Our TMA Member Long Term Disability
Plan, issued by The Prudential Insurance
Company of America, comes
with a 25% Thank You Credit* that
can eff ectively save members thousands
of dollars over the life of the
policy. It can be an aff ordable way to
supplement your existing coverage
and comes with a simple, time-saving
application process. And because we
off er the same group rates for men
and women, women physicians may
fi nd savings of up to 50% when compared
with individual plans.
• We also work with Guardian, a leader
in individual disability insurance. TMA
members can take advantage of
exclusive discounts up to 20% – plus
a special rider that can continue to
fund your retirement savings.
• A high-benefi t plan is also available
through Lloyd’s of London that
provides a monthly benefi t up to
$100,000. This plan is not constricted
by the limits domestic carriers place
on the amount of coverage you can
have – and comes with a 20% discount
for TMA members
Quickly See Your Rates
Our TMA member group plan is our most
cost-eff ective option. However, your cost
will vary depending on the benefi ts and
options you choose. We’ve developed
another easy-to use, online tool on our
website that lets you adjust the monthly
benefi t and waiting period to help you
fi nd the rate that works best for you. You
can fi nd this tool at tmait.org.
Speak with an Advisor for Your
Best Options
Whether you’re seeking coverage for
the fi rst time, or wish to expand your benefi
ts with a supplemental disability plan, a
conversation with one of our advisors can
be well worth your time.
They have years of experience helping
Texas physicians choose the best options
at a cost that fi ts their budget. They don’t
work for sales-based commissions, so you
can be confi dent there will be no pressure
or obligation.
Choosing the right disability coverage
can be critical to the fi nances of every
physician. To be sure you’re doing the most
to protect your fi nancial future, speak with
one of our advisors at 1-800-880-8181,
Monday through Friday, 7:30 to 5:30, CST,
or visit us online at tmait.org.
For over 60 years, TMA Insurance
Trust advisors have been serving Texas
physicians, their families and staff . TMA
Insurance Trust prides itself on off ering
unbiased information and strategies to
members, along with exclusive group rates
on a range of the highest-rated plans in
the industry.
Have questions about your insurance
needs? We’re here to help – call today:
(800) 880-8181 – 7:30 to 5:30 CST Monday
through Friday. DMJ
*Eff ective 8/1/2019, TMA Insurance Trust
is able to provide participants with
a premium credit of 25% that will be
applied to their billing invoices, eff ectively
decreasing the amount of their premium
payments by 25%. This complimentary
premium credit is provided at the sole
discretion of the TMA Insurance Trust, is not
guaranteed for future years, and will be
subject to periodic review and evaluation.
TMA Member Long Term Disability Plan
is issued by The Prudential Insurance
Company of America, Newark, NJ. The
Booklet certifi cate contains all details,
including any policy exclusions, limitations
and restrictions, which may apply. CA
COA #1179, NAIC #68241.
Contract Series 83500.
1056242-00001-00