Disability Insurance

Physicians are accustomed to helping people who are temporarily or permanently derailed from the work force by injury or illness. But many physicians don’t like to admit that they themselves could face disabilities like their patients – disabilities that threaten to circumvent years of financial plans, hopes, dreams and aspirations.

You’ve invested a lot of time, energy and money into building your practice and your ability to work and earn an income is your most valuable asset. If an accident happens and you’re disabled, any debt you have won’t just disappear – even though your income may. According to the American Medical Association, 1 worker in 3 can expect to be out of work for a total of 3 months or more, 1 in 5 will be out of work for a year, and 1 in 7 will be out of work for 5 years or more.

Most Americans would have a hard time keeping up their current lifestyle for even six months without a paycheck. The right disability policy will not only replace lost income, it will also help pay for disability-related costs that aren’t covered by health insurance, such as medical equipment or home-based care. Without disability coverage, an injury or illness that prevents you from working for a couple weeks or a month could easily snowball into serious financial problems. Protect what you’ve worked so hard to achieve.