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Own Occupation Disability Insurance
For Your Specialty - Dermatologist
Job Description
Cares for conditions and diseases of the skin.
Duties
Diagnostic assessment, surgical and non-surgical procedures, treatment protocols, research.
Training
- 4-year medical degree program
- 3-year residency
- and state licensure
Average
Annual Salary $410,000
Career
Earning Potential* $14,758,969
Example is based on career averages for medical specialty listed above.
*Career After Tax income is based on an individual at the age of 35 and retiring at the age of 70 with 2% inflation pay increases assuming a total state/federal income tax of 28%.
Common Disabilities:
- Arthritis
- Degenerative disc disease
- Ruptured or herniated disc
- Recurrent headaches
- Cancer
Alternative Non-Clinical Career Fields
- Medical Research and Development: Medical Science Liaison
- Digital Health: Clinical Informatics, Digital Health Advisor, Telemedicine Physician
- Consultant/SME: Medical Expert Witness, Independent Medical Evaluator, Utilization Reviewer, Physician Life Care Planning (legal) Consultant
- Hospital Administration: Hospital Executive Director, Medical Director, Physician Reviewer
- Education: Professor of Medicine, Medical Education Specialist, Continuing Education Manager, Physician Career Coach
- Writing: scientific manuscripts, CME and test prep materials, Medical journalism
Common Causes of Disability*
1 in 4 Are Disabled Before Age 65**
*Common Causes of Disability provided by the Council for Disability Awareness
**Odds of disability provided through the Council for Disability Awareness
Own Specialty Disability Insurance free from limitations that prevent you from earning an income in your occupation but perhaps in a different capacity or in another occupation entirely.
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How True Own Occupation Insurance Benefits You
You invested six figures and 10 years in your Dermatology career. It is estimated that one in four medical specialists who purchase disability insurance will experience an illness or injury that requires them to claim disability benefits.
According to Medscape, specialists should be investing between 2% and 6% of their annual income in disability insurance to be fully protected against financial calamity. Those who purchase employer-sponsored policies and become disabled discover that the coverage they thought they had bought is not enough.
Uninsured physicians who seek insurance after the fact discover they are ineligible for coverage altogether as insurance companies consider their injury and its correlated health challenges a pre-existing condition.
Unlike other disability insurance providers, True Own Specialty disability insurance from InsuranceMD will replace your full income tax-free even if you choose a career in another field or decide to continue to practice medicine.
You may choose a True Own Specialty disability plan from one of seven of the best disability carriers in the country.
Get An "Own" Occupation Disability Insurance" Quote For Dermatologist
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