Top 5 Mistakes Doctors Make With Disability Insurance

Before we start to talk about what we get wrong with disability insurance, I should tell you that I personally do not carry disability insurance. It’s true.

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If I were no longer able to perform my duties as an anesthesiologist, I would no longer earn a paycheck.

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Top 5 Mistakes Doctors Make With Disability Insurance

Busy doctors can get so stressed by how time-consuming and complicated researching disability insurance can be that they end up going with the wrong policy.

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The best way to protect your assets from the financial effects of a chronic illness or injury is long-term disability insurance.

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One of the reasons why researching disability can feel overwhelming is that it’s difficult to understand the policies and their specific language.

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Disability insurance through your employer is just not enough on its own!

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Your best bet is to find an independent insurance broker who is not employed by any of the companies that they help you research.

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If you wait too long and you have a health issue arise that would make you uninsurable, your ability to protect your income would vanish.

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In order to protect your income, you really need disability insurance. The problem is disability insurance is complicated and takes too much time to research.

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Top 5 Mistakes Doctors Make With Disability Insurance

Before we start to talk about what we get wrong with disability insurance, I should tell you that I personally do not carry disability insurance. It’s true.

If I were no longer able to perform my duties as an anesthesiologist, I would no longer earn a paycheck.

Top 5 Mistakes Doctors Make With Disability Insurance

Busy doctors can get so stressed by how time-consuming and complicated researching disability insurance can be that they end up going with the wrong policy.

The best way to protect your assets from the financial effects of a chronic illness or injury is long-term disability insurance.

Thinking they don’t need disability insurance

One of the reasons why researching disability can feel overwhelming is that it’s difficult to understand the policies and their specific language.

Believing all disability insurance is the same

Disability insurance through your employer is just not enough on its own!

Thinking employer coverage is enough

Your best bet is to find an independent insurance broker who is not employed by any of the companies that they help you research.

Not using an independent insurance broker

If you wait too long and you have a health issue arise that would make you uninsurable, your ability to protect your income would vanish.

Waiting to buy disability insurance

In order to protect your income, you really need disability insurance. The problem is disability insurance is complicated and takes too much time to research.

The Bottom Line

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