Physician Disability: The Burdens of Age You want to retire on your own terms, when you are ready. While physician disability insurance is an essential protection for your livelihood, ideally you’ll never have to use it. But what if your body decides to tell you otherwise? The cost of living has
Physician Disability Insurance: Effects of Physician Stress
Physician Disability Insurance: Effects of Physician Stress According to a survey by Physician Wellness Services, over 86% of U.S. physicians are moderately to severely stressed or burned out on an average day. Nearly two thirds of respondent say their stress has increased from moderately to
Elimination and Benefit Periods
Elimination and Benefit Periods When you’re shopping for the best disability policy for your needs, it’s clear that the monthly premium will become a factor in determining the type of policy and the company from which you take out the policy. The two main factors that can affect your premium the
Getting the Right Size Umbrella
Getting the Right Size Umbrella One of America’s foremost financial counselors, Dave Ramsey, says, “It’s gonna rain. You need an umbrella.” Of course, he was referring to having an emergency fund of cash available. But the same truth can be applied to having disability insurance. Maybe you’re not
Apples to Apples
Apples to Apples Have you conducted a needs analysis for disability insurance with your agent or broker? Do you have an idea how much DI you would probably need for you and your family to survive with an extended disability? Were you sufficiently awed by the numbers that you are ready to take the
The Expressway to Broke?
The Expressway to Broke? You might have read another post on this blog that mocked your perceived invincibility if you’re a youngin’ (age 50 or under). The very short version of this post was that the younger you are, the higher the odds that you will become disabled for at least 90 days, suffering
The Audacity of Invincibility
The Audacity of Invincibility You think you’re invincible, huh? Think you’re Superman? Murphy has something to say about that. You know Murphy – the one with the law that says that whatever can go wrong, will? Yeah, Murphy really doesn't take too well to those who believe they’re invincible.