What is your most important asset? Your home? Your business? Your retirement account? These are all important, and are a direct result of your most important asset; your ability to earn an income. If you become sick or hurt and cannot work, what would happen to your lifestyle?
Our firm works with many professionals in all fields; medical, dental, legal, engineering, self-employed, and business owners. These individuals typically have spent a tremendous amount of time and very considerable amounts of money to become experts in their fields. These highly educated, specialized professionals are typically high income earners in West Virginia. It makes sense for them to protect their most valuable asset – their earning potential and income in the event that they become sick or hurt. Think that a disability can't happen to you? Check out http://www.whatsmypdq.org/ for more information on disability and your chances of suffering one.
Get started today by contacting us for a West Virginia Disability Quote.
Disability Insurance for West Virginia Physicians and Surgeons
As a member of the medical profession, you have probably seen first hand that even the healthiest of patients can have a life changing event in the blink of an eye. The time and energy that you have put into your medical profession must be protected by a quality disability policy.
A high quality, personally owned disability income insurance policy can provide a tax-free monthly income in the event that a person cannot perform the "substantial and material duties of their OWN OCCUPATION due to sickness, injury, or an unforseen accident.
Own occupation disability is something that a doctor needs to seriously consider in his/her disability contract because this protects their specialization, and will pay them a monthly benefit, even if they can work in another capacity that is general in nature.
Let's say you are an surgeon by specialization, but you develop nerve damage in one hand such as what happened to one of the doctors/characters on the popular network TV show "Grey's Anatomy". You might be making $250-400K per year, depending on what/where you are practicing, and due to the hand condition, you can no longer operate indefinitely, maybe for forever. However, you can practice in a general capacity for $150,000-$200,000 per year. This is a major reduction in income, and while rewarding, it may not provide for your former lifestyle/loans/business ventures/etc.
If you own an "own occupation" disability policy from a carrier such as The Guardian or Mass Mutual Financial Group, a specialized professional on disability claim could collect up to 60% of their salary, tax free for their specialization, and still work in another capacity such practicing general medicine, teaching, or consulting. In this situation, he/she could be paid for their new job, and receive the disability payments, tax free, for their specialization as a surgeon. This is typically called "double dipping" and must be considered due to the money, time, and debt that the typical West Virginia physician incurs. Contact us today to get started protecting your income.
Disability Insurance for West Virginia Dentists
As a dentist, you work hard to improve the health and appearance of your clients. We understand the need to also protect your livelihood in the event of an injury or sickness. Dentists can have challenges obtaining quality disability coverage as fewer companies are willing to write appropriate contracts. This is why working with us is crucial, since we are truly independent and can offer policies from many carriers, not just one.
Some common disabilities for dentists relate to back problems from long hours of standing, or problems with their hands. We can structure a disability policy that will meet your needs.
Deacon & Deacon specializes in providing own occupation disability insurance to physicians, denstists, engineers, self-employed individuals, etc. Whether you are an orthapedic surgeon, anesthesiologist, radiologist, cardiac surgeon, emergency room surgeon or general surgeon, you will receive relevant information on the most respected, financially secure disability insurance companies when you contact us. We have access to the best disability policies and contracts in the industry and can pair you with the best plan for your unique situation.
Contact us today to learn how we can help you obtain the best West Virginia Disability policy on the market.
Disability Insurance for Business Owners
As a business owner, you understand the value of the practice you have worked very hard to build and grow over the years. Policies available from Deacon & Deacon can protect your business, your income, and even the added expenses of running an office if you become sick or too hurt to continue operating your firm. Whether you need a personal disability income insurance policy, or a Business Overhead Expense policy, (BOE), we can help custom design a plan that will meet your needs.
Business owners who are involved in a partnership or group of owners will want to consider what is known as a disability buy-out. Similar to the way that a life insurance policy can fund the transfer if one of the partners dies, disability buy out can fund the remaining partners purchase of the disabled partners share of the company.
Protect your income by requesting a quote for West Virginia Disability Insurance
