High Limits Disability Insurance

Guaranteed and Simplified Issue

PROBLEM

Many high-earning healthcare professionals don’t have enough disability income protection.
SOLUTION

MGIS High Limits Disability Insurance supplements other policies to provide high-earning healthcare professionals with true 70% income protection.

Consider These Features

Aligned with other MGIS Disability Insurance
Up to 70% income replacement
Monthly benefits up to $80,000
Lump-sum benefits up to $2 million
Definition Disability = Actual Procedures (e.g., CPT, CDT)
Flexible Underwriting
Quick application and enrollment process
Coverage for mental nervous & drug and alcohol (MNDA disabilities)

High Limits

MGIS High Limits Disability Insurance offers benefits up to $19,500/month and $2 million lump sum with no individual underwriting for groups of five healthcare professionals or more. Monthly benefits of $80,000/month are available with underwriting.

Supplements Existing Disability Insurance

MGIS High Limits Disability Insurance supplements existing individual and group disability insurance to provide up to 70% income replacement for high-earning healthcare professionals.

As with other MGIS disability insurance products, the MGIS high-limits disability insurance contract has been designed from the ground up to meet the specialized income-protection needs to health care professionals.

Recruit and Retain

Healthcare employers must compete to employ doctors during the growing physician shortage. Savvy brokers can help healthcare employers recruit and retain doctors by understanding the importance of disability insurance. Offering the right type and amount of disability insurance can bolster recruiting and retention efforts, with physicians being three times more concerned about disability risk than professional liability risk. Brokers who help their clients achieve up to 70% income replacement will win in today’s competitive marketplace.

Flexible Underwriting

Our process helps group practices, associations, insurers, and other approved affinity organizations achieve high participation. A high-touch and convenient online experience helps individuals easily apply for coverage in all settings.

Resources

Collateral Pieces

Download All

PDF

Why High Limits

PDF

Product Overview

PDF

Flexible Application And Enrollment

PDF

High Limits Value Story

Related Content

MGIS High Limits Disability Insurance – A Differentiator

Disability Coverage Gaps: Which Types of Doctors Have the Most to Lose?

How to Start a Conversation about MGIS Disability Insurance with Doctors: A Quick Guide 

Definition of Disability in Group LTD Contracts

Doctors and Disability Insurance: Healthcare Recruitment Strategies

Understanding Optional Disability Insurance Benefits for Doctors

12022 Annual Survey of the U.S. Individual Disability Income Insurance Market, page 12.
2AMA 2013 Report on U.S. Physicians Financial Preparedness
3AMA, “How short-term financial goals undermine doctors’ retirement plans,” August 18, 2020

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