MGIS Unveils Tailored Disability Insurance for Doctors
In an innovative move aimed at addressing the unique needs of medical professionals, MGIS, a leading national insurance program manager, has launched a comprehensive range of disability insurance solutions tailored specifically for doctors. This initiative is designed to provide medical practices—from small clinics to larger group practices—with the financial security needed in the event of a disability.
MGIS's offerings include the
Disability Guard for Doctors™, which is a group long-term disability insurance product, and the
MGIS High Limits Disability Insurance. These products are structured to cater to the various income levels of practitioners, ensuring that both doctors and their staff have access to adequate disability income protection through a single, modern service platform.
Addressing Unique Challenges in Medical Professions
According to Jeff Brunken, President of MGIS, the organization is committed to delivering high-quality income protection specifically crafted for doctors. “Our distinctive products address the specific challenges that physicians encounter in the event of a disabling condition,” he explains. A key feature of these products is MGIS's innovative ‘actual procedures’ definition of disability. This approach allows for a customized definition of disability for every practicing doctor, ensuring that their critical income streams from specific medical procedures are safeguarded.
MGIS partners with
Reliance Matrix, known for its expertise in financial protection and absence management solutions. Together, they are able to offer industry-leading disability insurance and specialized coverages tailored to various medical specialties and practice settings. The
Disability Guard for Doctors™ represents a significant enhancement in long-term disability products, amalgamating valuable individual policy features with the ease of administration typical of group plans.
Comprehensive Financial Security for Doctors
In addition to the primary group coverage, the
MGIS High Limits Disability Insurance product provides an extended benefit and can offer up to $20,000 in monthly payouts, supplementing any existing group coverage the doctors may have. This contract has been meticulously designed to meet the specific needs of the medical field, reflecting 50 years of fine-tuning within the doctor disability insurance market.
Both MGIS products can easily integrate into broader employee benefit packages, offering flexible and creative coverage options that enhance income protection strategies for medical practices. With these solutions, MGIS aims to empower brokers to better serve their physician clients, elevating the quality of disability income-replacement services offered.
About MGIS
MGIS stands out as a specialized national insurance program manager that concentrates on developing and managing insurance programs created specifically for the medical profession. Their focus is on disability and life insurance products that cater to practices of all sizes and specializations. The insurance policies managed by MGIS are insured by Reliance Matrix underwriters and Certain Underwriters at Lloyd's, making them a robust choice for medical professionals. MGIS operates through affiliates including The MGIS Companies, Inc. and MGIS Underwriting Managers, Inc.
About Reliance Matrix
Reliance Matrix, a subsidiary of Tokio Marine Group, is dedicated to delivering effective employee benefit solutions and absence management strategies. With a history dating back to 1907, the company is recognized for its stability and innovative capacity, ensuring that clients receive comprehensive advantage in employee benefits and workforce productivity solutions.
This offering from MGIS, tailored specifically for those in the medical field, marks a significant advancement in how doctors guard against the financial uncertainties related to disability. For further information, you can visit
MGIS's website or reach out to your benefits consultant to discuss personalized solutions for your practice.