It is hard for physicians to get adequate disability insurance on their own. Standard disability benefit only covers a fraction of physician salary, leaving physicians vulnerable to the unexpected. InsMed Insurance gives organizations the ability to offer enhanced disability insurance. When considering the following data, it explains why physicians love this benefit:
- Individuals under 35 have a one-in-three chance of becoming disabled for at least six months during their career.
- There is a 43 percent chance for men and 54 percent chance for women to become seriously disabled over the course of their career.
- At age 42, it is four times more likely that someone will become seriously disabled than that they will die during their working years.