Disability insurance is designed to replace a portion of your income if you become disabled and are unable to earn an income. A disability can result from a number of causes, including an injury, a serious illness or a mental health issue. And the duration of a disability can be either short- or long-term.
One of the most important decisions a physician can make is to invest in a disability insurance policy that adequately protects future income. Without protection from a dedicated carrier, an unexpected illness or injury could be financially devastating to any doctor. It is essential to select a policy that is tailored to your individual needs. Investigate your options thoroughly and choose a policy from a strong, reputable company that will protect and stand by you when you need it most.
Every disability policy is different and should be assessed by the consumer based on the quality of plan created for the individual’s needs and not by the cheapest disability insurance policy on the market. Many consumers do not plan for the possibility that they will be faced with a debilitating accident or illness during their working years. A professional with a family, for example, should consider disability insurance a necessity. For a consumer, it is not a required purchase like home owner’s insurance. Our qualified insurance agent can assist the consumer with exploring the sources of income the consumer will need and have available during a disability.