High Limits Disability Insurance

The right amount and the right type.

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-earners the right amount and the right type of disability 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
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 for healthcare professional employee talent during the growing physician shortage. Savvy brokers can help.

First, it is essential to understand how important disability insurance is to healthcare professionals. Healthcare professionals purchase almost half of all individual disability insurance.1 And the AMA reports2 that 77% of physicians feel disability insurance is “essential” vs. “nice to have” and 60% of physicians reported knowing another physician who suffered a disabling accident or injury. Finally, physicians are 3x more concerned about disability risk than professional liability risk.3

Second, help your client understand how offering disability insurance to their employees can bolster recruiting and retention of top healthcare professional employees.

Brokers who help their clients achieve up to 70% income replacement will win in today’s competitive marketplace. Providing the right TYPE and right AMOUNT is key to true income replacement.

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.

Ready to learn more? Download these resources.

Download All

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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