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Making a $1 Million Dollar Retirement Difference for Disabled Physicians and Dentists

Well planned pension contribution coverage can make literally millions of dollars’ worth of difference at retirement age for disabled physicians and dentists – an aspect of their financial planning that is sometimes overlooked.

As part of the IDI supplement value story,* the incomeprotect® disability insurance can include the Pension Contribution Benefit to round out a coverage plan and improve chances for a financially comfortable retirement, despite a disabling event earlier in a career. How often do you get the opportunity to demonstrate differentiated benefits for these high-income earners?

A $1 Million + Difference

Check out this example** of a physician disabled at age 49 who had incomeprotect® disability insurance with a Pension Contribution Benefit in place. The difference in retirement assets available at age 67 vs. not having the benefit is more than $1 million. Then use this handy calculator to demonstrate the potential benefits to your own prospects

Find out how your physician and dentist clients can still realize their retirement goals despite a disabling event earlier in their careers. Click here to contact an MGIS RVP.

*Click here to read the article “Changing the Conversation: Position Physician Group LTD as an ‘IDI Supplement’ for High Closing Rates”.

**Hypothetical scenario for illustrative purposes only. Actual results may vary.

Note: The IRS has qualified retirement plan requirements that may apply to this rider. Thus, we advise that employers consult with their plan advisor about any plan qualification tax issues related to plan contributions being made from this rider and whether the plan must be amended to accept payments under this rider.

Vince Pappadato
Regional VP of Sales
Pacific Southwest Territory
Medical Group Insurance Services, Inc.
MOBILE 310-508-0259
vince.pappadato@mgis.com | mgis.com
 

MGIS is a leading national insurance program manager experienced in building and managing specialized programs for medical professionals. We partner with the highest rated insurers and focus on group disability and life for medical practices of all sizes, types, and specialties. Insurance policies managed by MGIS are backed by Sun Life Financial. We work exclusively through select brokers and benefit advisers. MGIS services are provided by MGIS affiliated companies: The MGIS Companies, Inc., Medical Group Insurance Services, Inc., and MGIS Underwriting Managers, Inc. (DBA as MGIS Professional Insurance Solutions in CA and MGIS Underwriting Agency in NY).

Founded in 1865, the Sun Life Financial group of companies serves millions of customers in 24 countries world-wide. Our insurance companies in the U.S. are leaders in stop-loss and employee benefits, providing our customers with a wide range of disability, life, dental, accident, and critical illness insurance products.

Group life and disability insurance policies are underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA) in all states, except New York, under Policy Form Series 93P-LH, 07P-LH-PT/07C-LH-PT, 12-STDPort-C- 01, 12-GPPort-P-01, 15-GP-01, and 16-DI-C-01. In New York, group life and disability insurance policies are underwritten by Sun Life and Health Insurance Company (U.S.) (Lansing, MI) under Policy Form Series 13-GP-LH-01, 13-ADD-C-01-MGIS, 13-GP-LF-01, 13-LF-C-01-MGIS, 12-GPPort-P-01, 13-LFPort-C-01, 13-ADDPort-C-01, 15-GP-01, 16-DI-C-01 and 12-STDPort-C-01. The disability policies provide disability income insurance only. They do NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York State Insurance Department.

The disability policies provide disability income insurance only. They do NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York State Insurance Department. This coverage does not constitute comprehensive health insurance (often referred to as “major medical coverage”) and does not satisfy the requirement for Minimum Essential Coverage under the Affordable Care Act.

Administration for physician products is provided by Medical Group Insurance Services, Inc. (MGIS), in all states, except as follows: in CA by MGIS Insurance Agency, Inc.; in NY by MGIS Insurance Agency. Product offerings may not be available in all states and may vary depending on state laws and regulations.

©2018 Sun Life Assurance Company of Canada, Wellesley Hills, MA 02481. All rights reserved. Sun Life Financial and the globe symbol are registered trademarks of Sun Life Assurance Company of Canada. Visit us at www.sunlife.com/us.

GLTDEL-PHY-7193 SLPC 28768 11/17 (exp. 11/19)

© 2018 The MGIS Companies, Inc. | mgis.com

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