IDI Supplement group disability insurance offers differentiated value Keith Mangrum Regional Sales Vice President MGIS Once in a while an insurance product comes along that allows agents to significantly increase the expert consulting value they offer clients and escape “the lowest possible price” treadmill. Protecting the incomes of physicians and dentists with specialized group disability […]
It Could Happen to You.
More than 45% of physicians who are now 40 years old will suffer an injury or illness that will impair their ability to work for at least three months by the time they turn 65.
Get tips on the best strategies for protecting your financial security from MGIS experts.
Never Include These 10 Features Selling in the physician insurance marketplace can be challenging in today’s highly competitive environment. It’s important to recognize that some commercial carriers may use cost containment provisions – in the form of subjective and restrictive contract language – to enable aggressive pricing for physician group LTD plans. These contract provisions can: Prematurely terminate […]
With the dramatic growth of multi-practice organizations in recent years, competition is heating up to provide compelling value to attract medical practice prospects. One arrow in the quiver can be an enhanced benefit package for physicians and their groups. Ancillary group benefits – particularly long and short-term disability and group life – can make a valuable […]
This month, MGIS introduces two new insurance brands for physicians and dentists: IncomeProtect and PhysicianProtect. For over 40 years, MGIS has innovated insurance products specifically for physicians in protecting their income from disability, and more recently, from law suits. Through four decades of wide-spread change in the healthcare industry, MGIS has remained at the forefront of understanding the unique threats to […]
The majority of new physicians entering practice today still take some form of the original Hippocratic Oath – a body of ethical guidelines originated in the time of Hippocrates that prescribe a physician’s actions and interactions with patients. While not strictly part of that oath, an associated guiding principle widely espoused by doctors is the […]
Doctors are discovering that many group disability insurance policies purportedly “customized for physicians” are actually not so doctor friendly come claim time. Many exclude policy language that would qualify them for coverage they expect, or include provisions that are detrimental to their interests. The rub is that features doctors value most – those gold nuggets that mirror and supplement […]
Keith Mangrum – Senior Regional Vice President of Sales, MGIS Most Physicians are aware of the possibility of becoming disabled sometime during their working life, and many medical professionals purchase individual disability coverage early in their career to help protect themselves and their family. This IDI coverage may be adequate for a younger doctor; however, […]
A doctor’s insurance risk manager is concerned that a procedure performed by his client, a cosmetic surgeon, had resulted in a patient’s death at home the day after a procedure. He later discovers that the more likely cause of death was an overdose of the prescribed painkillers. The doctor suspected that his patient had a […]
In the crowded field of competition for physician disability coverage, it’s often difficult to identify clear winners. However, when put through the rigors of an Olympic-class comparison, the medalists quickly emerge from the pack. Here’s a quick sprint through the key features and options offered, who makes the podium, and why. Starting Line: IDI The starting point […]
Past posts have focused on selling what you don’t have, but what about other benefits that are of unique concern to physicians? By sharing information on these benefit supplements you can help your physician clients find the hidden value in an individual disability insurance supplement for physicians. Here are four benefits included in the MGIS/Sun Life Physician […]