For physicians, comprehensive disability insurance is the cornerstone of prudent financial planning. While no one anticipates suffering an unexpected illness or injury, disability claims are more common than you might think. It’s estimated that one third of American workers will experience a disability that prevents them from working at some point in their career.
As with all professions, there are times when it is best to leave and pursue a new working relationship for whatever reason. In the physician world, a change can come with a hefty price tag. That is because malpractice insurance should not or in some cases cannot end on your last day of work. So ... Read More
The Physician’s Life Insurance Primer – Should you own life insurance on others? The primary reason most people own life insurance is to ensure that their loved ones will have the means to replace lost income and pay for their financial obligations in the event of their premature death. In fact, life insurance is a ... Read More
The Physician’s Life Insurance Primer Series: How life insurance fits in a savings and tax diversification strategy For many people, life insurance forms the security foundation of their financial plan. While most financial planners recommend that life insurance be purchased for its protection, and not as a primary savings vehicle, few would argue that cash ... Read More
The Physician’s Life Insurance Primer Series: What is Whole Life Insurance and how does it work? Although whole life insurance, in its present form, has been around for over a century, it remains somewhat of an enigma for people who want to buy permanent protection, especially as new forms of life insurance have sprung up ... Read More
The Physician’s Life Insurance Primer Series: Right-sizing your policy can offer the real peace-of-mind that insurance is meant to provide. Anyone with a family to protect understands the critical role life insurance plays in their financial plan. However, in determining the actual amount of coverage to provide essential protection needs, many people tend to adhere ... Read More
Because they recognize the need to protect their most valuable asset – their earning power – physicians are a ready and willing market for disability insurance sales people. Most physicians, by the time they enter residency, are bombarded with solicitations which continue throughout their working lives. For most young physicians, the initial advice they receive ... Read More
Medical Exclusion Riders – What are They and How to Avoid Them Often when we present policy offers that contain medical exclusions to physicians, they are frustrated and consider looking elsewhere for coverage. However, it is likely, if a reason for an exclusion is found by one carrier, others will find it in your medical ... Read More