Justin Nabity

Disability insurance continues to be an item most people don’t want to think about. Some people convince themselves they don’t need it just so they don’t have to think about it. We get it; it’s not fun to think about what would happen to your family if something happened to you. But it is your parachute if you become sick or have an accident.

Disability insurance provides financial protection if you become unable to work due to an injury or illness. If you’re unable to work, disability insurance will pay a portion of your income to insulate you from financial hardship.

Essentially, disability insurance is income insurance that provides a safety net in the instance you can no longer generate income.

When you purchase a disability policy, you transfer the risk of losing your ability to earn income to an insurance company. That way, if you ever become disabled, the insurance company will be responsible for covering part of your income.

Protecting your income should be an obvious decision for any physician. It is the best way to continue to earn money regardless of your health.

Anyone in any career can benefit from having disability insurance, but it’s especially crucial for physicians. Take for instance this video from Guardian about Dr. Kardani, who was diagnosed with MS and could no longer work. His disability insurance policy saved his family and sent his daughters through college.

See how it can work for you.