Today more than ever women are becoming doctors. The graduating classes for OB/GYN are spilling out with women. How many of you have addressed the issue of disability insurance? Do you know why it is so crucial for female doctors?
As a female OB/GYN, have the same training and expertise as your male counterparts, but when it comes to claiming a disability the truth as a female OB/GYN, you are much more likely to experience a disability and file a claim disability than men, even if it is only for short a period. As a female doctor, specializing in Obstetrics and Gynecology the majority of reasons should come as no surprise, with the most common occurring during your childbearing years. The problem is that many young female OB/GYN residents decide against investing in in disability insurance protection for themselves because the premiums tend to be higher than men’s. The Insurance companies that provide disability protection know that a female OB/GYN is more likely to encounter a disability and file a claim so they set higher prices for women. The fact that the disability insurance companies have the statistics to back it up should make you strongly consider the realistic need for this type of income protection.
The caveat! Discounted programs, most carriers should have disability income protection policies are available at a discount for doctors during residency. Some of these are more favorable for women than others and include unisex rates, essentially reducing the costs to levels that are comparable to current male rates.
If you are a female doctor and you are procrastinating about getting disability insurance protection, I recommend that you investigate your options. A good source of information for this is incomeprotectionspecialist.com. A company who solely focuses on disability protection for doctors and dentists.
