What Happens When the Doctor Becomes Sick?
You are a respected physician, but you are also an independent business owner. The impact on your finances could be severe if an injury or illness left you unable to practice in your specialty. That is why the Cooperative of American Physicians, Inc. (CAP) adopted a new member benefit providing enhanced disability insurance to all members who are actively working as of April 1, 2010.
Disability insurance has one purpose: to provide financial security if an accident or long-term illness prevents you from earning your usual income. Physicians face a particular challenge: they may be unable to practice their specialty but still be able to function at another job, and as such would be ineligible for disability payments.
With this in mind, your board selected a specialty-specific program from a respected carrier Rated A+ by A.M. Best Company: $2,000 in monthly disability benefits is automatic. Physicians must simply be unable to practice in their specialty.
We recommend that members consider additional disability protection up to $6,000 per month, which is available with guaranteed acceptance and at highly favorable group discount rates—no underwriting or physical examination required. Simply fax back the one-page application form which will be mailed to all members and is available now at www.capphysiciansinsurance.com, where you’ll also find full pricing information.
Simultaneously, CAP members will receive an automatic $20,000 term life insurance benefit and may upgrade for another $100,000 or $200,000 at the same time they apply for disability insurance.
Like the disability benefit, the term life insurance is offered at significant group discount rates with guaranteed acceptance and no physical exam required. Regardless of your current life insurance protection, this as an easy opportunity to add more simply by checking a box on the application form.
Please watch your mailbox for your application, or download it at www.capphysiciansinsurance.com, where you’ll also find pricing information. If you have questions, contact Bob Wolf, Vice President, CAP Physicians Insurance Agency, Inc. at 213-473-8747 or rwolf@cap-mpt.com.
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