Disability Insurance and Medical Specialties Most doctors who have spent time shopping around for physician disability income insurance, or actively doing financial planning for themselves and their families, understand the importance of the distinction between own occupation and any occupation
Why is Disability Insurance More Expensive for Women?
Occasionally we have clients compare rates for similar individual disability insurance policies for men and women. “Why Are Rates Higher For Women,” They Ask. The answer: Because it’s worth it! Here’s why: When insurance companies set rates, they base them on their claims experience for similar
Common Disability Insurance Riders
A rider is a special feature or additional guarantee on top of a basic insurance policy. Some riders are available for free – you just have to check the appropriate box on the application. For other riders you may have to pay some additional monthly premium. But depending on your individual
Dentists! Are You Affected by the Recent American Dental Association Disability Insurance Rate Increase?
Thousands of practicing dentists across the country got some bad news from their disability insurance company last spring: Their affiliated disability insurance company, Great West Life, announced a significant rate increase effective May 1st. Premiums for men increased by about 16 percent, while
Residents – What They Earn and What They Owe, Nationwide
Residents – What They Earn and What They Owe, Nationwide The average salary for residents for 2016 was essentially unchanged compared to the prior year, at $56,500, according to the recently-released Medscape Residents Salary & Debt Report 2016. That represents an increase of $100 per year,
Why People In Their 20s and 30s Need Disability Insurance
Why Young People Need Disability Insurance As a young and healthy person, it’s easy to think of wheelchairs, canes and handicap placards as an issue for older Americans. But that’s just not true. Aside from the risk of accidents and injuries, there are also a number of severe, debilitating and
The Different Types of Disability Insurance
Disability insurance is almost a must-have for any professional – especially those whose peak earning years are ahead of them. A freak accident, a bad break with a dreaded disease, or a problematic pregnancy can all disrupt or end a career that you spent most of your life preparing for – and less
What To Look For in a Doctor’s Disability Insurance Policy
What To Look For in a Doctor’s Disability Insurance Policy 1.) An ‘own occupation’ definition of disability. Most doctors are pretty active. If you’re like most doctors, you’re on your feet for much of the day. Surgical specialties and emergency medicine may require more activity than others, but