4 minute read
No one knows when an illness or injury will occur, but if you are a physician, it is important to have disability insurance in place.
Disability insurance can protect your income if you are unable to work in your field anymore.
Many physicians don't realize how important this type of coverage is until it is too late. If something happens and you are unable to work, disability insurance can help ensure that you still have an income to support yourself and your family.
In this blog post, we are going to cover how disability insurance works within your financial plan to give you the confidence and peace of mind that your income and your future are protected.
Disability insurance is a type of income protection.
It replaces a portion of your income if you are unable to work due to an injury or illness. This coverage is important for anyone who relies on their income to support themselves and their family, but it is especially important for physicians.
As a physician, you have years of training and experience that make YOU your most valuable asset. If suddenly an injury or illness inhibited you from working, those thousands of hours spent on training would be lost as well as all the money you put into your schooling.
Unlike other careers where an injury such as a broken hand or finger may not slow you down, for a physician or medical professional, an injury like this could be life-altering.
A disability insurance policy can help you to maintain a good quality of life if this happens by providing you with a monthly income that would replace your current salary.
Physicians' Disability Insurance is important coverage for anyone who relies on their income to support themselves and their family, but it is especially important for physicians.
This is because typically medical professionals' incomes are higher than others. Meaning that the loss of your career and salary would not only alter your financial state but completely change the means to fund your lifestyle! However with disability insurance, no matter what you know you would be able to keep your finances strong and avoid any major change to you or your family's lifestyle.
One of the most important things you can do for yourself and your family has Disability Insurance in place.
Disability insurance for doctors is so important because anything from back injuries to vision loss can compromise your career. However, with the protection of disability insurance, you would be financially set. Protecting you from the burdens of selling your house, selling your car or boat, and having to decrease your spending or worrying about bills.
Disability insurance gives you the power to take care of yourself and your family, even if you become injured or sick and are unable to work.
It is one of the smartest things you can do for yourself, so be sure to get disability insurance for physicians as soon as possible! If you are interested in getting your disability insurance don’t hesitate to contact us. We are here to help you and we make sure this process is easy and simple.