Whether you're shopping for disability insurance or reviewing your current coverage, you understand the importance of protecting your income if an injury or illness disrupts your ability to work. As you compare your options, it's natural to ask: Why is disability insurance so expensive? Am I paying more than I have to? And does paying less have to mean giving up important benefits?
Lower Cost & Comprehensive Coverage
It is easy to assume that lower premiums mean giving up important plan features. After all, many of the benefits physicians value most are often available through costly add-ons.
The TMA Member Long Term Disability plan, issued by The Prudential Insurance Company of America, allows TMA member physicians to pay less while still receiving many of the protections physicians consider important. Several benefits that are optional riders elsewhere are included in the TMA Member Plan, meaning you do not have to choose between comprehensive coverage and premium savings.
Why does the TMA Member Plan Cost Less?
One reason is TMA Insurance Trust’s commitment to Texas physicians; an initiative we call Insurance For Good. Because TMA Insurance Trust has no shareholders, surplus funds are used to support our TMA members, including a 25% premium savings on own-specialty coverage.
Another advantage is long-term rate stability. Premium rates for the TMA Member Long Term Disability plan have remained unchanged since 1998, meaning participating members have not experienced a rate increase this millennium.
Together, these advantages help physicians secure comprehensive disability insurance while reducing overall costs.
Making Coverage Easier
Cost is not the only reason physicians may delay reviewing or applying for disability insurance. The application process itself can feel time-consuming and complicated.
The TMA Member plan simplifies securing coverage with a brief application, fewer requirements, and guidance from advisors who work exclusively with Texas physicians.
- No Tax Returns Required: Unlike other carriers, we never require you to provide your tax returns when applying.
- No Income Verification: Apply for up to $5,000 per month with no income questions.
- Higher Benefit & Less Hassle: Apply for up to $18,000 per month with a simplified application and TMA member pricing.
TMA Insurance Trust advisors understand the unique considerations physicians face and serve as an ongoing resource for questions, coverage discussions, and support.
Is It Time to Review Your Policy?
In a world of rising costs, protecting your income remains essential. Reviewing your disability coverage may help you identify opportunities to save without sacrificing important benefits. If you currently have disability insurance outside of TMA Insurance Trust, or if your income and financial responsibilities have changed, it is worth it to explore your options.
To learn more about the TMA Member Long Term Disability plan, contact a TMA Insurance Trust advisor at 800-880-8181, Monday through Friday, from 8:00 AM to 5:00 PM CST.
The TMA Member Long Term Disability Insurance Plan
- No Tax Returns Required: Unlike other carriers, we never require you to provide your tax returns when applying.
- No Income Verification: Apply for up to $5,000 per month with no income questions.
- Higher Benefit & Less Hassle: Apply for up to $18,000 per month with a simplified application and TMA member pricing.
- Coverage That Can Grow With You: The Future Increase Option allows you to apply for additional coverage later, without requiring further underwriting.
- Specialty-Specific Coverage: Own-Specialty Coverage pays benefits if you can’t perform the duties of your medical specialty.
- Support During Recovery: Partial or Residual Disability Benefits provide income if you return to work part-time while recovering.
- No Offsets From Other Insurance: Your benefit is paid in full, even if you receive benefits from other sources.
- Extra Help for Serious Conditions: Catastrophic Coverage increases your benefit by 20% if you’re unable to perform two or more Activities of Daily Living, such as bathing or dressing.
- Help with Student Loan Payments: You may receive an additional 25% benefit (up to $250,000) to help with student loan payments, so your primary benefits can go toward everyday expenses.
- Dedicated Claims Support: A TMA Insurance Trust staff member will personally assist with forms and updates throughout your claim process.
- Premium Savings That Can Add Up: TMA members receive a 25% savings on their Own-Specialty coverage, exclusive to members and part of our Insurance For Good promise.
- No Risk: Members have 30 days to review the coverage. Should they decide not to keep it, they can receive a full refund.
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