Replace Your Income with Anesthesiologist Disability Insurance Benefits

Anesthesiologists know how to take care of their health but the probability of physical disability exists. You’re most likely aware that there are relatively more health hazards in your workplace compared to those of other jobs. There could be times in the span of your career when illness or injury could prevent you from working.

Anesthesiologist Disability Insurance

You may temporarily or permanently lose your high salary. You could be earning from $310,109 to $405,792 a year according to records at the Bureau of Labor Statistics. Monthly, that’s around $25,841.67 to $33,816. Disability Insurance can lessen the financial loss while you’re not able to work. The disability insurance company will pay the monthly benefits as specified in the policy. So, you have to take the time to choose the most suitable disability insurance for your needs and budget.

How much coverage do you need?

The first step to find out how much coverage you will need is to determine the minimum amount necessary for your living expenses monthly. Then, determine the other sources of your monthly income without your salary. Other sources of income could be your employer’s group disability insurance, savings, etc.
The coverage should be close to the difference between the monthly expenses and expected income. It’s the amount that should be replaced by the monthly benefit from your individual disability insurance.

Anesthesiologist Disability Insurance Policy Details

It’s not easy to choose the most suitable disability insurance should you become disabled by illness or injuries. Insurance companies offer different versions of disability insurance that they consider would be most attractive to their target consumers. Make sure to read and understand all provisions of your policy.

When Should You Get Your Anesthesiologist Disability Insurance?

Disability is farthest from the mind of young professionals. They have more enjoyable things or activities to spend their money on. However, it is true that an illness or injury can happen anytime.

Getting a disability insurance when you’re young, say before age 30, not only gives you peace of mind, you will be paying a lower premium than when you buy at age 35 or older.

It requires time and effort to study and compare the various anesthesiologist disability insurance policies offered by various insurance companies.

Let us help you find disability insurance information, coverage and rates that fit into your over-all financial plan. Give Jeff Pennington a call at 1-877-221-6198 or use the form on the right to request a quote, get answers to your questions, and find the right policy.