The good news is that, as a group, physicians seem to take the real threat of incurring a disability to heart. According to a 2007 survey by the McGill Advisory, nearly 100 percent of the physicians surveyed said they were covered by some form of disability insurance. The bad news, also revealed in
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
Will Your Disability Policy Protect You at the Next Level?
The medical profession is unusual in many respects, but one in particular sets it apart from all most other professions; and that is the meteoric rise in income most medical professionals experience beginning the day they complete their residency. And unlike most other professionals, physicians are
Disability Insurance Premiums – How are they determined?
Compared with other forms of insurance, disability insurance premiums tend to be much more expensive. Why? Because you are at a greater risk of becoming disabled than you are to die prematurely or lose your house to a fire. Understanding how disability insurance premiums are calculated and knowing
Dr. Disability: Healthy Habits
Eat Right. Stay Healthy. Protect Your Income. Alright, let’s be real—most physicians know what it takes to stay healthy. You tell your patients all the time:✅ Take your vitamins.✅ Ditch the processed junk.✅ Move your body for 30 minutes a day.✅ Load up on veggies.✅ Don’t go crazy on
Disability Insurance Definition: A Simple Guide for Physicians
Most people understand the importance of auto, homeowners, health, and life insurance. But what about disability insurance? Many overlook this essential coverage, even though it provides financial protection if an illness or injury prevents you from working. What Is Disability Insurance? (A
Budgeting for Financial Freedom: A Simple Guide for Physicians
For many, the word budget alone can feel restrictive. However, a well-structured budget isn’t about limitations—it’s about gaining control over your finances and working toward true financial freedom. Just as a medical career requires a strategic plan, so does securing your financial
How to Build an Emergency Fund for Physicians (Without Cutting Into Your Lifestyle)
Most physicians earn a good income. But one unexpected event—a lawsuit, a sudden expense, a career pause—and without savings, financial security crumbles.That’s why an emergency fund for physicians is not a luxury. It’s a necessity.Experts recommend three to six months of expenses in cash. Yet, most