• What is Disability Insurance?:Disability insurance replaces your income if you become too sick or injured to work.
• Why Do CRNAs Need Disability Insurance?: A lot of CRNAs are independent contractors and do not have group disability polices. Therefore, it is important that they protect their income individually if they are not able to work. 
• What Does Disability Insurance Cover?: The question should be what don’t disability insurance policies cover for CRNAs. All policies for CRNAs have a 2 year mental limitation. If you have a claim due to a psychological disaorder, it would only pay benefits for up to 2 years. Otherwise, all conditions would be covered, unless you had a pre-existing condition when you applied. 
• How Much Does Disability Insurance Cost?: This can vary depending on your age and gender. Expect to pay about 3% of your income to cover about 80% of your take home pay. 
• How is Disability Defined in the Policy?: Look for a policy that has an own occupation definitoin of disability. This means you will be paid benefits if you can’t work as a CRNA regardless of income earned in another specialty or occupation. 
• Own Occupation vs. Any Occupation Coverage: A lot of group policies will only pay benefits if you are too sick or injured to pay in ANY occupation. 
• Benefit Period: How Long Will It Last?: You may choose a policy that pays 5 years, 10 years, to age 65, 67 or age 70.
• What is the Waiting/Elimination Period?: This is how much time must elapse before the benefits start paying. Most policies have a 90 or 180 day elimination period.
• When a claim occurs, contact the company directly to start the claims process. They will request information from your treating doctor.
• Can Premiums Change Over Time?: Most individual policies have rates that are locked in and guaranteed to age 65,
• Are Benefits Taxable?: If you are paying the premiums from a personal account, the benefits are payable to you tax free. 
• What Happens to My Policy If I Change Jobs or Specialties?: Policies are portable and can travel with you throughout your career. 
• Is There an Option for Partial Disability Coverage?:Yes. Look to include a residual/partial disability rider on your policy. This will pay you benefits if you have a 15% or more loss of income and will pay you benefits proportionately. 

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