Story at-a-glance Cheaper policies often cut key features that doctors need.Group and association plans look cheap but can change, end, or tax your benefit.Some low-cost individual plans cut corners on riders and definitions.Top carriers like Guardian, MassMutual, and Principal focus on
Resident Spotlight: How One Doctor Saved $27,000 by Applying in Training
Story at-a-glance Residents get special disability discounts that can cut costs for life.Megan applied in training and locked in lower rates and strong own occupation coverage.Her discount follows her after residency and saves her over $800 every year.She can increase coverage later with no
How to Review Your Disability Policy Each January
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