Archive For: Disability Insurance

Provider Reviews: Northwestern Mutual Disability Insurance

With so many insurance providers to choose from, selecting a disability insurance policy can be a difficult decision. It requires research. Comparing various plans is vital. You want to be sure that the one you choose offers the best coverage and terms. At Physicians Thrive, we’re committed to providing physicians with the information to help ... Read More

Why Relying On Your Employer-Sponsored Disability Plan Can Hurt You

Remember to keep group long-term disability insurance that is provided by an employer and/or association as your secondary plan, not primary. It happens all of the time. Physicians get lost in the Disability Insurance Maze because of misunderstandings about what is written in the fine print of disability insurance contracts whether they are group or ... Read More

Provider Reviews: Mass Mutual Disability Insurance

For physicians and other high-income earners, long-term disability insurance is a must. If you become injured, ill, or disabled and cannot work, disability insurance will provide you with income. It’s a way to protect your family and provide for your future without having to dip into your savings or retirement funds. But, like all forms ... Read More

Provider Reviews: Ameritas Disability Insurance

Disability insurance is one of the best ways to protect your income, your assets, and your financial future. Can you even imagine if you were injured or disabled in a way that prevented you from working as a physician? How would you pay your mortgage? How would you pay your bills? Would you be able ... Read More

Why every physician should have an FIO Rider in their disability policy

Disability insurance rates for physicians can be daunting for early physicians. To mitigate this, the Future Increase Option Riders are designed to make coverage affordable and scalable with your career. Disability insurance provides invaluable financial protection for young physicians. However, affording disability insurance can be a paradox for new doctors. The less money you have ... Read More

The Pros and Cons of Retirement Protection Riders for Disability Policies

Traditionally, an individual disability insurance policy is designed to pay out benefits to replace lost income if a physician becomes too sick or injured to work in their specialty. When determining their ideal benefit amount, many physicians only take into account their most basic living expenses, such as bills, rent, and groceries. While it is ... Read More

How Disability Benefits Affect Physician Tax Planning

Do you know how taxes could impact the value of your disability benefits? Learn about the best disability insurance for physician financial planning: When you’re considering a long-term tax plan, you have to consider the good years, bad years, and any unexpected interruptions to your earning track. One of the most tragically common events that ... Read More

The 4 Questions Every Physician Should Ask About their Disability Insurance

Long-term, own-occupation disability insurance offers physicians critical income protection in the event of a serious illness or injury. However, not all disability insurance policies are created equally. The cost, terms, and benefits of disability insurance vary widely, and insufficient coverage can have disastrous financial consequences for physicians. Whether you’re looking to purchase a new policy ... Read More