Protection with your Family in Mind

Disability and Life Insurance are two of the cornerstones when it comes to protecting your families future. JTS takes a new approach to educating individuals in the world of policy. No insurance-jargon filled sales pitch – just an experience-based conversation to help you understand what you need, and what you don’t.

We walk you through what you need based on your specific situation; if and how your current coverage can be improved upon; and ensure protection of your most important asset, your ability to earn income.

How It Works

1

Tell Us About Yourself

Answer a short eight question survey with basic information about you. Your information is not sold to any other company.

2

We Shop The Market For Your Best Options

Using the information you provided, our team does the leg work for you by finding the best available choices between >10 insurance companies.

3

Pick Your New Insurance Policy

Before you purchase your policy our team is available to walk you through your choices and answer any questions you have along the way.

Disability Insurance

As a foundational piece of your financial protection, we’ll talk about it from an experience-based perspective and create a custom plan built for you and your family.

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Highlights

Income protection (Present) - your income funds every aspect of your life
Income Protection (Future) - protecting what's to come
Debt Repayment - from student loans to your mortgage, it can help with them all
Retirement Protection - Replaces retirement contributions you normally would have made

Life Insurance

Not all life insurance is the same, nor should it be. We’ll help you understand the different options available, how those options can benefit you and why you should consider life insurance.

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Reasons to Consider

I love my family! (Protect what matters most)
Student Loans - they aren't going to pay themselves if you're gone
Permanent protection options for the long haul of your career
Potential for building cash value

Insurance Products are:

NOT A DEPOST

NOT FDIC-INSURED

NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

NOT GUARANTEED BY THE INSTITUTION

MAY GO DOWN IN VALUE

FAQ

Disability Insurance
I already have disability insurance with my group, why would I need an individual policy?
Most group disability plans are not portable, meaning you cannot take the same plan at the same premium and benefit if you leave your group. Everyone’s situation is different, but it’s wise for physicians <55 years old to have a baseline individual disability with the appropriate riders should changes arise.
I have a lot of student loan debt, does this help pay for those loans if I become disabled?
Most importantly, disability is designed to replace income which pays debt, so yes. However, there are a couple premier carriers who have riders that pay you an additional amount (over your base disability benefit) designed to help pay down your debt.
I’m young and healthy, why would I need disability right now?
Now is the perfect time to get a disability plan as a young and healthy person. This is the time that your rate will be the lowest and qualification the easiest. If you wait until your health situation changes, it could be too late in that you can no longer practice medicine and don’t have the disability in place or you can no longer qualify. Pre-existing conditions on individual disability do affect your qualification.
I’m a resident/medical student. I don’t think I can afford a disability policy right now.
We, through experience, fully understand the financial life of a resident and medical student, which is why we have customized plans designed specifically for your situation. Something to get you started that provides ample coverage without the high costs.
Life Insurance
I already have life insurance with my group, why would I need more life insurance?
Most group disability plans are not portable, meaning you cannot take the same death benefit and premium with you if you leave your group. Even staying with your group until retirement, those plans most likely don’t go with you after retirement. It’s recommended having some combination of individual/group life insurance.

Glossary of Terms

Disability Insurance Terms
Graded Premiums
An option for payment that allows the insured to pay a lower initial premium that gradually increases each year. This payment method is not offered by all carriers nor is it recommended for all insureds. Clients who opt for a graded premium option may convert to a level premium on any policy anniversary through age 50.
Own-Occupation
If the insured cannot perform the specific duties of their own occupation, the total disability benefit is paid EVEN IF they can work in another/different occupation.
Future Increase Option
This benefit provides you the option to increase you disability benefit when you income increases WITHOUT having to undergo any underwriting. All you have to do is validate your new income level.
Cost of Living Adjustment rider
This option adjusts your benefit to help keep pace with inflation during a period of disability. It is designed to increase you monthly benefit, whether totally or partially disabled. Typical increase is 3% compounded annually, however, there are other options that vary carrier to carrier.
Residual Disability rider
The option provides disability benefits when, due to injury or sickness, you suffer a loss of income of 15-25% (carrier dependent). This benefit is payable in proportion to your income loss, typically if the loss is greater than 75% of your income, your benefit amount is 100% of your monthly disability. Even after you fully recover and return to work full-time, we’ll continue to pay you benefits as long as you have a loss of income of at least 15% of your income prior to your disability.
Supplemental Benefit Protection rider
This option provides an additional layer of benefits above and beyond your policy’s monthly benefits. Designed to help keep your plans on track during a disability like: paying down debt, buying a home, saving for retirement, etc. For the first 10-15 years of a policy, if a disability should occur, this would be added on top of your monthly disability benefit. This amount is typically $2,500/month additional.
Catastrophic Benefit rider
This option offers extra protection from the financial impact of an injury or sickness that causes cognitive impairment, the inability to perform 2 or more ADL’s (Activity of Daily Living) or an unrecoverable disability. This is normally a lump sum benefit or an annually compounded rate, depending on the carrier.
Waiver of premium
You won’t be required to pay a policy premium while you’re disabled and collecting benefits.
Life Insurance Terms
Term Life
Term life insurance provides you with a chosen death benefit amount for the duration of the “term”. Typical terms are 5 to 30 years. This is a basic policy with no additional components, such as cash value, but it is generally the most popular option for most people due to its lower cost.
Whole Life
A type of permanent life insurance that has a tax-deferred savings component. Whole life policies are typically 6-10 times more expensive than term life insurance policies.
Universal Life
A type of permanent life insurance where the policyholder can adjust the premiums if his or her financial situation changes. Universal life has a cash value that can earn interest and be used to pay the policy premiums.
Final Expense Life Insurance
A permanent life insurance policy designed to cover immediate expenses related to the policyholder’s death, such as the cost of the funeral or medical bills. These are typically guarantee issue, never expire, and are level premium.
General Terms
Collateral Assignment
Using your life or disability policy as collateral for a loan is called a collateral assignment. If you die or become disabled, you policy will be used to pay off your debt as opposed to being dispersed to your beneficiaries.
Evidence of Insurability
Your financial justification for getting life or disability insurance. Insurers evaluate your income, age, financial and medical circumstances to determine if you’re eligible for a certain amount or type of coverage.