Starting now, TMA members can apply for a long term disability monthly benefit of up to $5,000 without verifying their income or submitting any financial information.
Imagine dedicating years of your life to education and refining your medical expertise, only to face a sudden health setback that prevents you from practicing. The financial consequences may be as daunting as the health challenges themselves. Unfortunately, confronting the fear of the unknown is a reality even the most resilient physicians must face. Thankfully, TMA Insurance Trust has introduced a new benefit to the TMA Member Long Term Disability Insurance Plan, issued by The Prudential Insurance Company of America, providing you with a reliable financial safeguard during times of uncertainty.
New $5,000 Monthly Benefit for TMA Members Explained
TMA Insurance Trust recognizes that your professional skills and ability to work are the foundation of your family's financial well-being. That's why, effective immediately, we have increased the amount of our long term disability coverage to $5,000 per month, which TMA members can apply for without the need for income verification (additional coverage is available with additional underwriting). This streamlined approach simplifies access to essential insurance income protection and helps ensure you can secure the necessary financial support swiftly.
Why is Long Term Disability Insurance Essential for Physicians?
Long term disability insurance is vital for replacing a portion of your income if you cannot work due to a prolonged illness or injury. While many physicians rely on employer-provided plans, these often fall short of covering the full extent of your financial needs. The TMA Member Long Term Disability Insurance Plan stands out from other disability policies because it includes benefits that are usually costly add-ons, offering significant added value such as:
- Own Occupation Coverage: Receive benefits if you cannot perform the duties specific to your medical specialty, ensuring that your specialized skills are protected.
- Partial/Residual Benefit: This feature provides financial support if you're able to work only part-time, helping your income remain stable during recovery.
- No Offsets: You receive benefits regardless of other insurance payouts, maximizing your financial security.
- Catastrophic Coverage: Automatically increases your benefit by 20% if you cannot perform two or more Activities of Daily Living (ADLs), offering additional support when needed most.
- Future Increase Option: This feature allows you to boost your coverage as your income grows without further underwriting, enabling you to adapt to your evolving financial needs.
- Student Loan Reimbursement: Adds 25% to your benefits (up to $250,000) to help manage your education loans, relieving the debt burden during tough times.
- 25% Savings Credit: This credit reduces your premium payments, potentially saving you thousands over the life of your policy and making coverage more affordable.
- Affordable Premium Rates: Tailored to fit your budget, offering comprehensive coverage without financial strain.
- Simplified Underwriting: Eliminates the need for income verification, making obtaining coverage easier.
The TMA Member Long Term Disability Insurance Plan is an ideal solution for young physicians seeking an affordable option that allows for coverage growth as their income increases. It also serves as a practical choice for active physicians looking to boost their existing coverage while keeping budget needs in mind.
A Legacy of Trust and Reliability
The TMA Member Long Term Disability Insurance Plan was launched in 1969 and has consistently demonstrated its reliability and trustworthiness. Over the decades, it has never canceled or non-renewed a covered member, highlighting a steadfast commitment to providing Texas physicians unwavering support and valuable insurance income protection.
Now is the time to take advantage of our new long term disability plan benefit, available only to TMA members. To speak directly with a TMA Insurance Trust advisor for a disability insurance consultation, call 800-880-8181, Monday through Friday, 8:00 AM to 5:00 PM CST. We can help you preserve the financial stability you've built in your medical career with the insurance income protection that long term disability insurance provides.
For over 65 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.
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