As a health care professional, your most valuable asset is your ability to earn a substantial living doing what you love. An unexpected illness or injury can easily jeopardize that capability, reinforcing the need for the right physician disability insurance policies and endorsements to protect your financial security. When deciding what coverage and insurance rider[…]
Request A Quote Disability insurance and pre-existing conditions are common talking points among those looking for policies. Although health insurers cannot deny you coverage based on your health, the same protections don’t always apply to disability insurance. As a result, applicants applying for individual disability insurance will need to undergo medical underwriting in order to[…]
Long Term Disability Insurance is a product you hope to never use, and hope to never replace in the future. Many older attending physicians’ shop to replace their coverage with better benefits but do not qualify due to pre-existing conditions and health status. Shopping for disability insurance is not simple and should be purchased correctly the[…]
Why Do Residents and Fellows Need Disability Insurance? Long Term Disability Insurance is essential to any physician’s financial safety and security because your career income is by far your greatest asset. The process of becoming a doctor is rewarding in time but is an ultimate investment. You will train for years on a limited salary and[…]
Physicians often fail to consider the possibility of an unexpected life event deeming you unable to work. The process of becoming a doctor is rewarding in time but is an ultimate investment. You will train away for years on a limited salary and some may struggle under the weight of student loans. The financial rewards[…]
This article was posted by TMA Insurance Trust. “If you get hurt or become too sick to work, what happens to your income?” It’s one of the first questions that Scott Dial, a disability-income expert who works with TMA Insurance Trust, asks medical residents and new physicians. For some people — 40 percent, to be[…]
This article was posted by Today’s Physician. An expert points out financial pitfalls for new doctors. DO YOU DREAM about how much money you’ll make once you’re finished training and about all the things you’ll finally be able to afford? If you’re like many new physicians, a nice car and a big house probably top the[…]
Why should doctors get insurance? What is your greatest asset? Your ability to earn. It takes an intelligent, highly motivated, and committed individual to invest over a decade in education and training, combined with a mortgage-sized student loan debt to become a physician. The investment made by a doctor in becoming an attending is unrivaled[…]
Many retirement expenses are straightforward, especially when you work with an advisor who helps guide you, or if you make it your business or hobby to study finances and retirement. One example of straightforward retirement expenses: On average, retirees can expect housing to represent about one-third of retirement expenses; health care, 10 to 15 percent;[…]
Could Medical Errors Be No. 3 Cause of Death? By Maggie Fox and Lauren Dunn Medical mistakes — from surgical disasters to accidental drug overdoses — are the No. 3 cause of death in the U.S., behind cancer and heart disease, two experts argued Wednesday. They said a careful count of all deaths from preventable[…]