Protecting Yourself With Physician Disability Insurance
As a physician, nurse, or another medical professional, you have undoubtedly spent a significant amount of time, many say the majority of their early adulthood, energy, and finances into getting your medical career kickstarted. The early years of trade-off to enter this demanding field are generally seen as worth it as the pay-off of a career in the medical field is often immense. For a healthy medical professional, you can typically expect decades of gainful employment that is done in the service of really helping your community and saving lives.
However, while practicing medicine can be an incredibly financially and emotionally rewarding experience, there is no guarantee that your life will continue on without issue. In fact, there is more of a guarantee that at some point in your life you will suffer a medical accident or incident that takes you out of the workforce. Have you prepared for it?
How Physician Disability Insurance Protects You
A doctor’s disability insurance plan is designed to provide a policyholder with a financial safety net should they be injured, disabled, and due to it, no longer able to work. Think your work provides for this type of coverage? Think again.
Most hospital group insurance policies that medical professionals think to have their best interest in mind will only pay out upwards of 60% of the affected person's income should they be disabled. Most of those policies will also have maximum payouts and income cap. Furthermore, some may not cover situations such as if you become disabled due to an outside-of-work recreational activity.
This puts the injured in a hard spot when it comes to juggling student loans, monthly expenses, and looming retirement years. The solution is investing now in an individual doctor’s disability insurance plan that puts you at the driver's seat.
Get a personalized disability insurance policy designed to ensure you get paid if you can't work due to injury or illness.
Who Needs Doctor Disability Insurance?
If you perform any type of medical assessment or procedure on a patient, then you should strongly consider safeguarding yourself and your assets by investing in physician disability insurance. And it is important to note that it isn't just doctors that need this type of financial protection. Nurses and other medical professionals are just as much at risk for being injured and thereby being forced to take an extended medical leave, a leave they may not return to for many months.
Here at Specialized Disability Insurance Services, we are proud to offer our insurance services to thousands of medical professionals representing just about every medical specialty there is. Our clients include:
- Physicians
- Doctors
- Cardiologists
- Gastroenterologists
- Orthopedics surgeons
- Surgeons
- Otolaryngologists
- Dermatologists
- Plastic surgeons
- Radiologist
- Pulmonary critical care doctors
- Pulmonologists
- Ophthalmologists
- Neurosurgeons
- Emergency medicine doctors
- Anesthesiologists
- Oral Surgeons
- Urologists
- Nurses
- Oncologists
Do you want to protect your paycheck?
95% of Physicians prefer to protect their paycheck with individual disability insurance.
Is Group LTD coverage enough?
If you get Group LTD provided by your employer, the benefit is often taxable, resulting in a large gap of coverage.
Choose Specialized Disability Insurance Services
Group insurance plans are good for providing medical professionals with a solid baseline of protection, but they should never be the only type of insurance service you invest in. A personalized physician disability insurance policy will have your best interest in mind and ensure that you are properly protected should an accident or medical misfortune visit you.
Here at Specialized Disability Insurance Services, we are proud to have built our reputation on working one-on-one with each of our clients to ensure they get the best, most comprehensive insurance coverage to meet their needs and future goals. Contact us today to learn more.
