3 minute read
As your attending path is approaching, you might be looking to buy disability insurance to protect your income.
And you're in luck! There are many options and special offers available right now! Here’s how to get the best deal on your coverage.
In this article, we are going to cover all the details on how you can lock in your best rates on disability insurance before it’s too late!
Why would I need Disability Insurance as a Physician?
The future of your physician career is dependent on the condition that you maintain your ability to perform your duties.
A back injury, vision loss or hand-related issue could put an end to it all because these injuries will take your ability to complete your job. This would leave you as a physician without any way to utilize your knowledge and skills or make a proper income.
After years spent training just for this moment when you are finally able to provide yourself, the last thing you would want is to have that all crumb because of an unexpected injury or illness.
Isn’t my group coverage enough?
You might be covered by your group policy if you’re not financially independent yet and don't have a true own-occupation disability insurance policy already, you are not properly protecting your income.
Group policies are what's known as "any occupation," which means that when ill or injured and unable to work in medicine any longer--you will only receive benefits if it's no longer possible for YOU TO WORK AT ALL.
This is because they consider this an 'injury' rather than just being laid off due lack of interest in employment opportunities available within the marketplace right now.
Insurance companies offer discounts to new physicians, especially those who have just graduated from training.
Disability insurance discounts are a great way to lower the cost of your premiums.
These savings could add up quickly and help you save on insurance premiums over time!
These discounts can range from 10%-40%, depending on the scenario you find yourself in and it will stay with you throughout all of our careers!
To secure your training program discount you need to submit an application to the insurance company before graduation!
If you were thinking about taking the next step in securing your income, now is the time!
If you are ready to lock in your discounted policy, fill out a quote request today!