Physicians / Medical Groups

High Limit Disability Insurance

CCP helps Physicians, Medical Groups, Hospitals, Medical Malpractice insurers and Medical Associations with disability benefit solutions for your employed doctors AND those affiliated with your organization.



THE PROBLEM

When accidents or illnesses prevent physicians from practicing in their own occupation/specialty, the probable results are:

  • Their disability insurance will not replace their pre-disability incomes
  • Contributions to their retirement plans will stop
  • The income shortfall can have an immediate and devastating impact on their families' lifestyles and significantly diminish their retirement funds

Acquiring more disability insurance is the answer but, most insurance companies strictly limit the amount of insurance they will allow highly-compensated individuals to buy. This creates a huge gap between their pre- disability compensation and their post-disability benefits.

Click or scroll down to see THE SOLUTION.

THE SOLUTION

To close the gap for physicians, our Wealth Income Preservation Plan will insure 70% of total monthly compensation.

The Plan will also provide an alternative option to acquire a lump sum benefit of a factor of total compensation.*

Our systems and services provide for the communication of the program, delivery of all relevant program materials, and delivery of individualized rates and benefits .

Your firm will be able to provide these benefits without a medical examination, and our exclusive online enrollment system allows your employees to complete their enrollment in less than five minutes.

*This benefit is provided in addition to their in-force disability insurance, and it is not offset or reduced by payments from that insurance. Our services to you include:

  • Analysis and preparation of census data for communication and education of the program
  • Sales materials including brochures and customized videos
  • Webinars to help your clients further understand the program offered
  • Enrollment in the program using CCP's proprietary online e-enrollment system

What is at Risk

Current Financials (scenario 1)

Age: 49
Retirement age: 65
Existing DI: $15,000
Annual income: $300,000
Retirement plan contributions: $15,000
Annual taxable income: $285,000



Results at Age 65

Total after tax income to age 65: $4,347,300*
In-force disability insurance payments: $2,880,000 **

Estimated income loss: $1,467,300
Estimated loss of retirement assets @ 5.75%: $377,261

Total loss from a disability: $1,844,561



Current Financials (scenario 2)

Age: 54
Retirement age: 65
Existing DI: $15,000
Annual income: $600,000
Retirement plan contributions: $15,000
Annual taxable income: $585,000



Results at Age 65

Total after tax income to age 65: $5,183,611*
In-force disability insurance payments: $1,980,000 **

Estimated income loss: $3,203,611
Estimated loss of retirement assets @ 5.75%: $221,642

Total loss from a disability: $3,425,253


*Assumes your income grows at 5% per year
**Assumes disability benefits are tax free, stop at age 65, and do not increase with inflation

View a Live Demo

The best way to understand the power of our system is to see it in action! Learn how our enrollment system works with a live demo. CCP will gladly set up a live webinar customized for you.

Company information

CCP, Inc.
Corporate Compensation Plans, Inc.

496 Whidbey Street
Morro Bay, CA 93442

Contact details

E-mail address:
info@corpcompinc.com

CA Office: (916) 799-8998

Available 8:30am - 4:30pm Pacific