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So you are, disabled now what?

So you are, disabled now what?

We talk a lot of the importance of acquiring a good disability policy with all the right definitions, clauses and riders. The working relationship with your agent/ advisor but the most crucial information you need when a disability occurs, is what to do next. Get your disability income policy out and refresh yourself on the details.  We always suggest that our clients do this at least once a year.  This way if there is something that needs to be explained, or changed you can contact your agent and inquire.  However, if it has been some time and you are now dealing with a disability give it a good read.  Familiarize yourself with some of the important points like your elimination period, the benefit period, the amount of coverage.  If your policy includes a 90 day elimination period for example we have to wait 90 days before the policy kicks in.  You still need to pay your premium during that period but it will be refunded and waived once your policy begins to pay you. The benefit pe[...]
To Buy or Not To Buy That is the Question

To Buy or Not To Buy That is the Question

For many young professionals there is nothing more exciting than the prospect of buying your first home, but should you?   Well let’s take a look at it. When you enter into your residency chances are that you are not in the same city where you studied medicine.  If that is the case you will need to find new housing.  Before you decide on whether to rent or buy I want you to  ask yourself  some questions. Am I planning on putting down roots and building my practice in this location? Am I ready to invest my money (now that I have some) into a hard asset? Depending on how you answer these questions will help in determining whether buying or renting is a good choice for you.  Now like all things there are no clear cut answers.  Of course other factors that come into play but we will not address those here.  I want to keep it simple. If your answer was yes to both than you may want to take the leap and find a suitable home.  However if your answer was no or unclear then perha[...]
What's next?

What's next?

Now that you have completed medical school and are heading into your residency program your mind must be racing. The questions are in the hundreds but the most pressing are things like; where am i going to live? how am I going to get my belongings there? what is my schedule going to be like? what kind of insurance do I need? The list goes on, but one thing is for sure as you move into the final training stages for your chosen career, the reality of real life decisions becomes more focused and choices need to be made so that the transition from learning to be a physician to actually being one is smooth. I'd like to break it down for you. The most pressing decisions right now are finding a place to live that is affordable, flexible and in a location that suits your needs. Should you rent or buy? Renting is a great option because it is usually affordable it offers flexibility. This is important because it allows you to investigate the places that you may want to practice and settle dow[...]
Congratulations: Open Letter to the Class of 2015

Congratulations: Open Letter to the Class of 2015

To The Medical  School Class of 2015 It's Match Day and from all of us here at Income Protection Specialist we would like to Congratulate you the Medical  School Class of 2015 for making it to this point! Match Day is an exciting day, so soak in the experience and have the time of your life. We understand the personal and financial sacrifices you have made and today all of that hard work will pay off! Upward and onward to your future residency! Once Again Congratulations From the Whole Income Protection Specialist Team[...]
Get A Second Opinion

Get A Second Opinion

Your patients come to you expecting quality care and expert diagnosis.  Sometimes it is necessary to encourage them to get a second opinion to put their minds at ease and or to satisfy a health insurance provider.  Either way, patients are always better served when there are no questions left unanswered.  This Professional standard of care should also be provided when you go shopping for a disability policy.  You as the consumer expect professional advice along with the best possible policy to protect you properly in your medical specialty. However, this doesn't always happen. Insurance is a highly competitive field and we have our fair share of unprofessional agents.  Those who are simply in it for the numbers (income) and are not concerned with the best interest of their clients.  Customer service and building an ongoing relationship is not their primary concern.  As a consumer, you should be alert and do your homework and research.*  (*Please note when investigating its important[...]