For most physicians disability insurance is a “no brainer.” It helps provide an income if you become ill or injured and cannot work for a long period of time. As such it is considered essential insurance protection for any physician actively practicing medicine.
Beware Of The Disability Income Gap
But a closer look at disability insurance coverage may reveal information that could surprise you. For example, did you know that insurance companies typically limit benefits to a ceiling of about 60% of your salary?
The belief is that if you are home recuperating your expenses may be lower. Actually, the opposite can be true. A protracted illness or injury could potentially increase household expenses with unforeseen costs and out-of-pocket medical expenses.
Also, if your disability premiums are paid for by your practice or your employer, the benefits are typically taxed as income – which could further decrease your benefit. (Please speak with a tax professional regarding your individual situation.)
So, if your benefit covers only 60% of your salary – and taxes could further decrease your benefit – here’s a question:
Could you and your family get by on what might amount to half of your paycheck?
800-880-8181 7:30 – 5:30 CST Monday – Friday
Protect More, Pay Less
TMA Insurance Trust understands that you may need more disability coverage than you currently have if you were out of work and not receiving a paycheck. At the same time, we know you may be concerned about the expense of increasing the amount of your coverage.
So we are offering what we believe is a solution for TMA members who want to fill the “disability income gap.”
We Get To Say “Thank You” - You Get To Pay 25% Less
TMA Insurance Trust is proud to provide a 25% Thank You Credit to all TMA members who enroll, or are already enrolled in the TMA Member Long Term Disability Plan issued by The Prudential Insurance Company of America.
The credit will equal 25% of your insurance premiums. That means your premium payments will be 25% less* – which could save you thousands of dollars over the life of the policy. This is our way of saying “Thank You” to all our members by helping to make it easier to get this valuable insurance protection.
Supplement Your Current Coverage
Even if you already have disability coverage from another carrier, you can use the TMA Member Long Term Disability Plan to add up to $4,000/month to your current coverage – without income verification and regardless of any other coverage you may have. If you need more coverage you may be able to get up to a $15,000/month benefit.
So if your income and family have grown since you enrolled in your current plan you could add more coverage to help cover your living expenses and the quality of life you and your family now enjoy.
Lower Premiums, Same Exclusive Benefits
The TMA Member Long Term Disability Plan features attractive rates and a quick and simple application process. And while your premiums will be lower with the 25% Thank You Credit you will receive the same exclusive benefits that have made this plan popular with so many of our members. These include:
- Attractive rates – now even more affordable with the savings of the 25% Thank You Credit
- Quick and simple application process – saves time compared to other carriers.
- You can apply for up to a $4,000/month benefit regardless of any other coverage you may have
- Up to a $15,000/month benefit available
- Cost of Living Adjustment option
- Student Loan Reimbursement benefit at no additional cost
- Future Coverage Increase option to age 45
If you have questions about any features of the plan, or how much coverage you may need, please feel free to schedule a cost-free consultation with one of our advisors. They are here to help you get the right insurance protection that works for your specific needs.
Their guidance is always offered without obligation or pressure because they do not work for sales-based commissions.
So don’t fall into the disability income gap. With our 25% Thank You Credit there has never been a better time to consider the TMA Member Long Term Disability Plan. Call us today at 1 800 880-8181. Or for your convenience you may apply directly online by clicking the image below.
For over 60 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry.