Insurance Questions & Answers

Does a Surgeon Need Disability Insurance?

Absolutely!  If you are a highly skilled, highly paid specialist like neurosurgeon, you may want disability insurance that locks in this exceptional income level. How much money do you earn in 3 months? What if your injury lasts a couple years? Or worse, a life time? Think of your financial loss!  And keep in mind […] Read More...

Why Do I Need Disability Insurance?

Disability is often called “the forgotten risk” in the insurance industry. Most of us understand that we need life insurance to protect our families in case we die prematurely, but many do not realize that individual disability insurance is just as important.  By providing a continuing income, Long Term Disability (LTD) insurance can help preserve […] Read More...

Which Professions Should Get Disability Insurance?

Doctors, lawyers, and other professional clients often pay attention to their family’s life insurance needs, but concerns about becoming disabled usually go unaddressed. Statistically, however, a professional is far more likely to suffer a severe disability that damages the ability to work, rather than die prematurely. While some people have the financial resources to fund […] Read More...

I Have a White Collar Job. Do I Still Need to Worry About Disability Insurance?

Yes!  Anyone without a disability policy is a good candidate for coverage.  This includes the self-employed; blue and white collar workers; those with high-risk occupations or hobbies; the highly skilled, high dollar wage earners; and especially those with medical impairments. Consider the statistics: One-third of all people between the ages of 30 and 64 will […] Read More...

Should I Buy Disability Insurance While I’m a Resident Physician?

Absolutely!  Disability insurance for medical residents may be more important than it first appears. Its basic importance is easy to comprehend – your student loans and living expenses will not go away should you become disabled while you’re a medical resident. And although you’re not yet in the upper income bracket, a monthly income benefit […] Read More...

What is Disability Insurance?

Disability insurance can provide you with income if you become too sick to work, either temporarily or permanent. It helps protect your most valuable asset; your ability to earn a living. When you can’t work, it can help you and your family pay your mortgage, auto loans, school loans, and credit cards. Disability insurance, sometimes […] Read More...

Does disability insurance cover accidents and sickness?

Disability insurance policies are available to cover disability due to an accident only, or due to either an accident or an illness. Assuming that only one of these types of disability insurance products will be purchased, it would be best to purchase coverage for both accidents and illness. Some insurers are now selling critical illness […] Read More...

What are the different types of disability insurance policies?

There are essentially two types of disability insurance policies available from insurance agents: Short Term Disability Short-term disability insurance requires a waiting period of 0 to 30 days before you can draw benefits. There’s typically a benefit period of just a month up to two years depending on the policy. Long Term Disability Long-term disability […] Read More...