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Residents Graduating Need Disability Insurance

Congratulations, to all graduating residents.  All those years of hard work are about to pay off.  New, exciting and challenging experience await you as you enter into the work force.  You will be faced with career challenges that you never imagined, but this is what you have worked for.  Life begins now. Just like you are preparing for your new job, now is the time to being planning for your financial future, starting with Disability Income Protection.   Are you aware that there are discounts available to you through your residency program right now?  These can drastically reduce the cost of your coverage.  I am not sure about you but anytime I can save money especially on something that I need and is ongoing, I am all in.  The savings are also applied to any future protection you add. While it may seem like something to address later, I say to you don’t wait too long.  Its like anything procrastination will only cost in the long run.  Plus, it is especially inexpensive the younger[...]
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Long Term Care Awareness Month

Not only is November the month for feasting and shopping but did you know that it is Long Term Care Awareness month. Roughly 70% of all people age 65 and older will need this protection which means that you most likely have family members that in this category. Just like Income Protection insurance, Long Term Care Insurance is cheaper the younger you are.  A disability can wreak havoc on your financial stability and so can a long term illness.  Don't let it.[...]
Student Loan Protection

Student Loan Protection

Most Medical Professionals often start their careers with a significant amount of student debt.  This debt must be paid even if disabled.  However most disability insurance contracts are only designed to meet your personal needs at home and do not address the need for Student loan protection. The Guardian, a leading provider of Specialty Specific Disability Insurance to Physicians has a solution.  They have developed a rider called “The Student Loan Protection Rider” that can be added to their top tier disability policies to address this issue.  When added to your underlying disability insurance policy issued by Guardian, this rider will pay you an additional monthly benefit up to amount of student loan protection on your policy.  This additional protection will provide the necessary funds needed to meet your monthly student loan obligation. When looking for student loan protection this rider to your disability income protection policy definitely give Guardian a leg up on the com[...]
Otolaryngologists  ENT's and Business Overhead Expense Coverage

Otolaryngologists ENT's and Business Overhead Expense Coverage

An Otolaryngologist's income will abruptly stop when a disability occurs but the demands of your office, staff and other expenses will not. So what do you do to protect your business while you are laid up? Your specialty specific personal disability protection will cover most of your personal expenses but that's where it stops. Enter Business Overhead Expense Protection, better known as BOE. This is a special type of disability protection that specifically protects business and practice owners like Otolaryngologist's. Business Overhead Expense Protection (BOE) helps cover the overhead expenses of you the owner while you are unable to run the business or ENT's practice. The benefits paid by Business Overhead Expense policies enable you to maintain your ENT's practice until your return or you decide to sell. Business Overhead Insurance Covers These Expenses:  Most office salaries (except for you or other doctors)  Accounting and Legal Fees  Utilities  Property Taxes  Busines[...]
Radiologists Need Disability Protection Too!

Radiologists Need Disability Protection Too!

The field of Radiology has many employment options available today.  Will you decide to work remotely from home or at your employer’s location.  Will you be self employed or will you have any employer?  All of these questions are on the table.  The one question that every Radiologist already has the answer to is, should they invest in themselves and buy a top notch privately owned disability income protections policy? You know the answer is a resounding yes but the real question is how do you know what policy will provide the best protection to a Radiologist?  Here are some suggestions: Purchase your disability policy while you are healthy and young.  The premiums are much cheaper the younger you are, and the likelihood of an exclusion due to medical issues is less than if you are older.  It is also important for resident Radiologists purchase individual protection prior to signing their employment contract.  Make sure that when you fill out your application your t’s are crossed and[...]