If you’re ever disabled, don’t be relying on the federal government for help. Federal disability benefits were never intended to cover more than very basic needs. The average Social Security Disability benefit is just $1,358 per month. And now it’s taking even longer to get approved. In prior years,
Association Disability Insurance
I talk to a lot of physicians who are comparing individual disability insurance to a plan offered by their medical association (AMA, ADA, etc.). At first glance, Association Disability Insurance seems to offer physician-friendly, own-occupation coverage at a fraction of the cost of some other types
The Most Dangerous Myths About Insurance Coverage
When it comes to insurance coverage, what you don’t know may not kill you – but it can cost an awful lot of money. Unfortunately, there are a number of myths and misconceptions that even very highly educated people have about insurance and what it covers and doesn’t cover. Here are some of the most
Is Your Disability Protection Up to the Job?
Disability insurance protection is a critical component of a financial plan for most people – but especially for physicians. This is because doctors, dentists and other similarly-situated professionals generally have huge sums of money invested in education, need to be in reasonably good health in
Beware of the Disability Disconnect
When it comes to the risk of disability, Americans are woefully underinsured. Disability vastly outpaces the death of a breadwinner among those under age 50 as a leading cause of economic hardship for families. The fact is, most people vastly underestimate their chances of becoming
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
Group Disability Vs. Individual Disability – What You Need to Know
My employer offers me disability insurance via a group plan. Why do I need my own policy? It’s terrific that your employer offers this important benefit to you. But there are important differences between a group disability plan designed to appeal to employers and an individual plan, designed
Doctors: When to Review Your Disability Insurance Coverage
Disability insurance is like a good car: It will work when you need it – but you need to do a little maintenance from time to time to get the most out of it. For disability insurance policyholders, maintaining your policy means doing a periodic review of the policy with your insurance professional