It is important for CRNAs to carefully consider the policy provisions when selecting an individual disability insurance policy. Some provisions to consider include:

1. Definition of disability: Make sure the policy defines disability as the inability to perform the material and substantial duties of your occupation as a CRNA, rather than just any occupation. This ensures that you will receive benefits if you can’t work as a CRNA, even if you are able to work in a different occupation.
2. Own-occupation coverage: Look for a policy that provides “own-occupation” coverage, which means you will receive benefits if you are unable to perform the specific duties of your own occupation, rather than any occupation.
3. Non-cancelable/guaranteed renewable: Consider a policy that is non-cancelable and guaranteed renewable. This means that the insurance company cannot cancel the policy or increase your premiums, as long as you continue to pay your premiums on time.
4. Benefit period: The benefit period is the length of time that benefits will be paid to you if you become disabled. Look for a policy that provides benefits until age 65, as this will ensure that you have coverage until retirement age.
5. Elimination period: The elimination period is the amount of time you must wait before benefits begin. Look for a policy with a shorter elimination period, such as 90 days, rather than 180 days, as this will allow you to start receiving benefits sooner if you become disabled.
6. Cost of living adjustment: Consider a policy that includes a cost of living adjustment, which will increase your benefits each year to keep up with inflation.
7. Future increase options: Look for a policy that includes future increase options, which will allow you to increase your coverage in the future, without having to provide additional medical information.
8. Discounts. It is important to see if you are able to obtain disability insurance with discounts such as those offered through Set for Life Insurance.

These are just a few of the important policy provisions to consider when selecting an individual disability insurance policy as a CRNA. It is important to carefully review the policy and speak with a qualified insurance professional to ensure that you select the right policy for your needs.

For more information about CRNA disability insurance or to request a quote, contact Set for Life Insurance today!