Disability and life insurance are two of the most important investments a doctor can make when it comes to financial security for your family and your income.
The problem is, when insurance shopping, you can be overwhelmed by how much time it takes to get everything done. Many people will end up skipping one or the other and end up not fully protected.
That’s why we recommend getting disability and life insurance together, where you can apply for both life insurance and disability insurance at the same time.
This package can help you:
Become fully protected
Shorten Your To-Do List
Ensure you are Fully Protected
Disability and life insurance are essential elements for protecting your financial future.
Life insurance is one of the most common forms of insurance. It replaces your income for others that rely on it.
If you’re unsure if you need a life insurance policy, find out here: Do You Need Life Insurance?
Disability insurance is a type of insurance that provides income in the case that you are unable to work due to an injury or illness. A disability ranging from a long-term illness to a disabling accident could take your career and your financial stability.
To protect yourself and those who depend on you, it is important to have disability insurance to cover the loss of income you would face due to chronic illness or injury.
If you want to learn more about disability insurance and why you need it, read more here: Beginners Guide to Disability Insurance for Doctors
Applying for both types of insurance can save you time because you are able to do both applications together.
When applying for disability and life insurance separately, you can be forced to go through multiple companies, which can make things more confusing than they need to be.
Both the life and disability insurance processes take anywhere between 1-3 months. Although they are two different applications they share many steps.
Applying for both life and disability insurance with our package can save you the hassle of going through each one independently, and dealing with multiple companies and confusing insurance jargon. Which can save you from confusion and months of waiting around.
Shorten Your To-Do List
Depending on how much coverage you’re applying for, medical underwriting may come with some common procedures such as labs and physicals.
When going through the disability and life insurance application and underwriting processes separately, you may have to go through those exams twice.
However, if you apply for life and disability insurance at the same time you can use the same medical exams for both processes. This will only save you time and hassle.
Something to keep in mind is both disability and life insurance are very sensitive to your age and changes in your health.
That’s why the best time to apply is now, to make sure that you get the cheapest and best policy possible. If you’re young and healthy enough, you might be able to avoid getting labs done or having a physical altogether.
Applying for disability and life insurance at the same time can save you time, ensure that you are fully protected, and help you to cut your to-do list down.
We are always here to help you understand your options and get you the best policy for you. If you are ready to get started on your insurance package, you can start your application here!