What Does Own Occupation Mean Anyway?
There is a common misconception held by many medical professionals that all “Own-Occupation” disability products offer the same level
of protection. Sadly, this is simply not the case. In today’s competitive DI marketplace, there are many different types of occupation
specific contracts – some more comprehensive than others. Consequently, understanding how to determine a policy’s type of own-occupation
coverage has never been more imperative in your choice of which provides the right level of protection for you.
These are the two most common types of own-occupation protection.
This definition of total disability provides a very strong level of protection for both physicians and dentists. The contract language for this usually reads:
Due to injury or sickness, you are unable to perform the material and substantial duties of your occupation. You will be totally disabled even
if you are gainfully employed in another occupation so long as you are not able to work in your occupation.