Writing for the Detroit News, financial planner Barry Glassman identifies the three “must-have” insurance plans for American families: life, disability and long-term care. We concur. If you have a car, the law forces you to buy auto insurance (to protect other people, if not yourself). If you buy a
What are MY Odds of Becoming Disabled?
Pretty substantial, all things considered. Among white-collar professionals, doctors are significantly more likely to become disabled than our counterparts in law, accounting, business management and administration. But how do you determine your odds of becoming disabled? The odds having at least
Disability Statistics vs. Common Misperceptions
As Disability Insurance Awareness Month draws to a close, we thought it pertinent to revisit the results of a survey conducted by the Council of Disability Awareness back in 2011. The survey looked into the attitudes and knowledge consumers have over matters related to becoming disabled and then
Physician Residual Disability Benefit Critical for Max Protection
While there is no actual data available that indicates the percentage of physician disabilities which are partial, as opposed to total, our experience indicates that it is very nearly half and half. A partial disability due to an illness or injury may prevent a physician from performing some of his
May is Physician Disability Insurance Awareness Month
Maybe it’s just a coincidence that May is both National Arthritis Awareness Month and Disability Insurance Awareness Month. But with the recent study released by Global Burden of Disease that found that musculoskeletal (MSK) conditions are the second greatest cause of disability, it serves as a
Business Overhead Expense: A Real Risk that Needs a Real Solution
Any medical or dental practice that relies on one or two people to generate revenue is especially vulnerable to financial problems in the event of a disability. Disability income benefits are usually sufficient to replace a disabled practitioner’s income, but are typically insufficient when it comes
Physicians Should Base Disability Insurance on Reality, not Rules of Thumb
In countless blog posts here we have stressed the importance of understanding the definition of “disability” in choosing a physician’s disability insurance plan. More than any other type of professional, physicians must be able to protect their specific occupation and specialty from the prospect of
Dovetail Your Disability and Health Coverage
Dovetail Your Disability and Health Coverage If your clinic, center, practice or group is one of the many professional medical organizations offering both health and disability insurance to your executives, doctors and workers, you need to know about the benefits of dovetailing your health and