MGIS Launches Specialized Disability Insurance Solutions for Doctors

MGIS Companies, Inc., a national insurance program manager, specializes in providing tailored disability insurance solutions exclusively designed for doctors and their group practices. Their products, including Disability Guard for Doctors™ and MGIS High Limits Disability Insurance, are designed to offer comprehensive and flexible income protection that addresses the unique risks physicians face, including coverage based on their specialized procedures. This distinct approach recognizes that each doctor's definition of disability varies according to their medical specialty.

The collaboration between MGIS and Reliance Matrix enhances their offering, combining Reliance's strength in financial protection and absence management solutions with MGIS's expertise in doctor disability insurance. Disability Guard for Doctors™ uniquely blends individual policy features with the streamlined administration of group long-term disability plans, making it easier for medical groups to manage such benefits.

MGIS's High Limits Disability Insurance complements group coverage by providing supplemental benefits of up to $20,000 per month, backed by Lloyd's of London, a global leader in insurance and reinsurance markets. This product reflects decades of market insight, emphasizing specialized features that cater to the doctor group disability market.

Both products are designed to integrate seamlessly within broader employee benefits packages, offering brokers and insurers flexible tools to meet the income replacement needs of medical practitioners. MGIS's partnership with carriers like Reliance Matrix and Lloyd's underpins the financial stability and long-term reliability essential for such high-value coverages.

Reliance Matrix, under the Tokio Marine Group umbrella, brings a history of employee benefits and absence management innovation, supporting MGIS's offerings with robust underwriting capabilities. Lloyd's of London provides additional security and market expertise, contributing to product innovation and risk management.

Collectively, these partnerships reinforce MGIS's position as a specialized provider catering to the nuanced disability insurance requirements of doctors, aiding brokers and benefit consultants in delivering targeted protection solutions within the healthcare sector. This focus on doctor-specific risk profiles and flexible insurance design reflects evolving industry needs among physician groups.