Long Term Disability (LTD) Insurance Options for Physicians and Attorneys

Physicians and attorneys invest considerable time and resources to train for their careers. If their ability to practice in their profession becomes limited by disability, they may have different income protection needs than other employees.

Preferred Segment LTD insurance for physicians and attorneys addresses these needs by removing the Mandatory Rehabilitation and Return to Work Responsibility provisions and offering a generous “or” definition of disability, in addition to the following features and options.

The LTD plan includes:

• 80 percent Assisted Living Benefit for Severely Disabled Employees
• Reasonable Accommodation Expense Benefit
• Rehabilitation Plan Provision
• Return to Work Incentive
• Employee Assistance Program (groups with 15–2,500 covered employees)

Optional enhancements include:

• Own Specialty
• Qualified Medical Condition Definition of Disability (in conjunction with Own Specialty for physicians only)
• Annuity Contribution Benefit
• Employer Income Protection Benefit
• Family Care Expense Adjustment
• Dependent Education Benefit

Own specialty

Under the optional Own Specialty definition of disability, The Standard may consider a medical specialty or sub-specialty to be a medical doctor’s occupation if the doctor meets certain requirements. Likewise, The Standard may consider a particular legal subject matter area or type of legal practice to be an attorney’s occupation, if the attorney meets certain requirements. The requirements for the Own Specialty definition of disability from The Standard are clearly spelled out in the policies.

To learn more about Preferred Segment Coverage, contact your insurance advisor or the Employee Benefits Sales and Service Office for your area at 800.633.8575.