Unlike the great singer Sam Cooke, young physicians actually do know a lot about biology and the science book. Some of them even know something about the French they took. But they don’t know much about money. That’s not just us talking. That’s the result of a 2017 study recently published in
Five Important Disability Insurance Riders Doctors Should Understand
Most of our readers understand the role of disability insurance in a doctor's or dentists overall financial plan. Most experts would agree that for those in a high-earning profession like medicine, who have already invested substantial financial resources into their education, disability insurance
MetLife Leaves the Individual Disability Insurance Game
If you’ve been putting off getting disability coverage, now is the time to act. Here’s why: One of the best disability contracts for physicians on the market – and one of the best values – is the MetLife policy. Unlike many cheaper disability policies, it’s a ‘true own occupation’ contract – meaning
How Much Disability Insurance Do I Need? A Guide For Physicians and Medical Students
For most people, the need for disability income insurance is a pretty straightforward calculation: Nearly anyone with a whole career in front of them and relatively little in savings – the usual situation with workers in their 20s, 30s and early 40s – needs as much as the insurance company will sell
Nailing the Medical Job Interview
There’s nothing so good it doesn’t have to be sold. And there’s no doctor so good he doesn’t have to sell an employer or patient on himself once in a while. The medical job interview can be tough, but we are here to help you with some advice. Don’t Be Nervous The first thing to understand
How to Save Money as a Resident
We know how hard it is to balance the budget when you’re in residency. The average resident salary is around $50,000. There’s a compelling need to protect as much as $15,000,000 in future income as a physician against the very real risk of a career-wrecking disability that could happen to anyone –
5 Financial Tips For Young Doctors
Remember that game “LIFE?” The child’s board game by Milton Bradley? In that game, the player with the biggest salary was the doctor. But in the game, there were no debt service expenses. There were no medical malpractice insurance premiums. And the government wasn't squeezing Medicare and Medicaid
What is the Best Time to Buy Disability Insurance?
There’s a common saying in the insurance business and the military: “It wasn’t raining when Noah built the ark.” That’s true! And, it’s important to take that advice to heart. In my business, we sometimes run into the tragic consequence of waiting too long to get disability insurance coverage in