Reviewed by Chuck Krugh, CFP®, CLU®, ChFC®, Founder and CEO of DoctorDisability.Last updated .A 10-minute annual checklist for physicians and dentists: how to pull your policy, compare your benefit to your real income, check your riders, and make updates while you still qualify.
What Is Own-Occupation Disability Insurance and Why It Matters
Reviewed by Chuck Krugh, CFP®, CLU®, ChFC®, Founder and CEO of DoctorDisability.Last updated .Quick answer: own-occupation coverage asks one question. Can you still do your job? Not any job. Your job.☰ Table of Contents The Quick Answer What It Actually
How to Protect Your Practice (for Self-Employed Doctors)
Reviewed by Chuck Krugh, CFP®, CLU®, ChFC®, Founder and CEO of DoctorDisability.Last updated .Self-employed doctors need four kinds of disability protection, not one. Individual coverage protects your paycheck, Business Overhead Expense (BOE) keeps your practice's bills paid,
Life Insurance vs. Disability Insurance: What’s the Difference?
Story at-a-glanceBoth protect your income. Life insurance helps your family if you die; disability insurance protects your paycheck if you can’t work. Different payouts. Life pays a tax-free lump sum; disability pays monthly income replacement. Doctors need both. One protects your future, the
What Happens if I Change Specialties, Reduce Clinical Time, or Go Into Non-Clinical Work — Will My Policy Still Protect Me?
Story at-a-glanceYour policy follows you. It’s yours, not your employer’s. Claim = your job at that time. Coverage keys off the work you do when disabled. Going part-time? Benefit you bought stays. Switching specialties or non-clinical? You’re still protected. Look for: non-cancelable,
Should You Increase Your Disability Coverage for the New Year?
Story at-a-glanceYour income likely grew. If your benefit didn’t, you’re underinsured. Disability coverage should grow with your career. Check it annually. Use your Future Increase Rider. Boost benefits without a new exam. Review every January. Raises, kids, or loans change your needs. Protect
Is Disability Insurance Necessary Right Now, or Should I Wait Until I’m an Attending?
Story at-a-glanceWaiting costs you coverage and cash. Rates rise ~3% yearly; one health issue can block eligibility. Your income is your real asset. Disability insurance protects your $10M+ career earnings. Residents get lifetime savings. Lock in discounts and stronger coverage before you
How to Talk to Your Spouse About Disability Insurance
Story at-a-glance Disability insurance = love, not fear. It protects your family and lifestyle if you can’t work.Your income is your foundation. One illness or injury can stop it—insurance keeps it secure.Own-occupation coverage matters. Doctors still get paid even if they can’t perform their