The reality of having a disability in this country is far greater than death during your working years. This is especially true for physicians and dentists when you consider that injury to a finger or thumb could result in a disability. The fact that most medical professionals are under insured or not at all is a problem. Some statistics indicate coverage at less than half of monthly take home. That is financial suicide when you think of the costs involved with a disability. Even though you are not working your bills are. As a physician you know the importance of having the right coverage but do you have enough?
If you are employed then it might be provided as part of your compensation package in a group policy. Most group policies fall short. As a high income earner, if your coverage is not providing for at least 75% pf your earnings, then you need to re-evaluate your protection. You should have individual disability coverage that protects you in your medical specialty. Group policies are a not a substitute for a well written individual policy and should not be your sole source of protection.
Make sure you have a quality policy with a high coverage amount so that the money is there when you need it most.
For more information please contact us at www.incomeprotectionspecialist.com
Stacia Musleh
