Story at-a-glance You’re more likely to become disabled than die during your working years as a doctor.Disability insurance protects your income and lifestyle—even if you never need to use it.Most physician disabilities aren't dramatic injuries—they’re chronic, mental health, or neurological
Do I Really Need Disability Insurance Now?
Story at-a-glance Your health today locks in your future insurability—waiting means risking exclusions or higher costs.Rates are lowest in residency, and they rise each year you delay.Group policies aren’t enough—they’re taxable, limited, and not always true own-occupation.GSI plans (no
Transitioning to Full-Time Practice: Managing Your New Income
Story at-a-glance Going from residency to practice means a big income jump—but also a big risk of overspending.Create a clear plan for saving, debt payoff, and spending before your first full paycheck hits.Avoid lifestyle inflation—celebrate your success, but don’t overcommit to big purchases
The Financial Consequences of a Needle Stick Injury
Story at-a-glance Needle stick injuries are common—especially in residents, with nearly all surgical trainees affected.Exposure can lead to serious illness like Hepatitis B, C, or HIV—and major financial consequences.Disability insurance protects your income if a health event stops you from
How Do I Choose the Best Disability Insurance Company?
Story at-a-glance Choose a company that specializes in doctors—they offer better benefits and discounts.Check financial strength ratings—you want a company that will still be around to pay your claim.Look for own-occupation, guaranteed renewable, and strong riders.Great claims service
How Do I Choose the Best Disability Insurance Policy?
Story at-a-glance Start with “own-occupation” coverage—it protects your income if you can’t do your specific job.Look for guaranteed renewable & non-cancelable—your rates and coverage stay locked in.Choose the right benefit amount, benefit period, and elimination period for your needs.Add
What is “Guaranteed Renewable and Non-Cancelable” Coverage, and Why is it Important for Doctors?
Story at-a-glance Guaranteed renewable and non-cancelable means your rates and policy can’t change—ever.Your premiums stay locked in, even if your health or industry changes.Your policy can’t be canceled or watered down, as long as you pay on time.Group and association policies lack these
What is “Own-Occupation” Coverage, and Why is it Important for Doctors?
Story at-a-glance Own-occupation coverage may pay benefits if you can’t do your specific medical specialty—even if you work in another role.Doctors need this protection because your income depends on specialized skills.It offers flexibility—you can pivot to teaching or consulting and still get