As a podiatrist, you help a lot of people in your daily work. However, what would happen if you lost the ability to work and earn your income? Will you be able to continue with your life as previously or will the financial burden be too much to bear? All of these questions can be solved through podiatrist disability insurance.
What Is Podiatrist Disability Insurance?
Podiatrist disability insurance is designed to provide you with an ongoing stream of income if you find yourself out of work for weeks or months at a time. Every policy has different provisions. It’s based on a percentage of your average monthly income and provides you with money that can be used for any sort of financial obligation, from paying your children’s tuition payments to paying medical office rent and everything in between.
Why You Need Podiatrist Disability Insurance
As a podiatrist, you help your patients deal with painful, potentially debilitating conditions. You also earn a good income that likely falls between $70,000 and $210,000 per year.
Of course, you need that income to pay for things like your mortgage, your car payments, and possibly to support the operation of your practice if you have a private office. There’s bad news – if you find yourself out of work, all of those things could be in danger.
Podiatrist disability insurance can help erase that chance, though. It can help you cover some of these costs and let you focus on healing and recovering instead of worrying about how much debt you will accumulate during your disability.
Do You Really Need Disability Insurance?
It’s tempting to think that you don’t need disability insurance. After all, you’re fit and healthy now, and you have health insurance, auto insurance, and even insurance in your office. The thing is, there’s a 21% chance that you’ll experience a disability that lasts at least three weeks before you turn 65 without any modification from health, genetic predisposition or other factors. If you’re around the age of 40, you have a 21% risk of disability flat out, and these are numbers you shouldn’t be gambling on.
Other factors only increase that risk, meaning that if you’re not investing in podiatrist disability insurance, you could be putting your financial future and that of your family in jeopardy.
Injuries Can Happen Anywhere, Anytime
You could be injured at home doing routine yard work, or on the way to work. You could suffer from an illness like cancer and find yourself unable to work. Where would you turn for financial relief in those situations?
Your worker’s compensation, health insurance, and auto insurance will only provide limited coverage for your medical costs, but what you will need then is a replacement for your lost income. This can be provided only through podiatrist disability insurance.
How much coverage do you need?
To find out how much coverage you will need, you would first need to determine the minimum amount necessary for your monthly living expenses. Afterward, add up any other source of income other than your salary such as disability insurance, your savings, rental income, and any other monthly income you may have.
The difference between your monthly expenses and your expected income should be the coverage of your disability insurance policy. It’s the amount that should be replaced by the monthly benefit from your oral surgeon disability insurance.
When you turn to us for help with your oral surgeon disability insurance, we make sure to include you in every step of the process. We work with you to understand not just the insurer options, but also your options in coverage terms and other considerations.
How Your Rates Are Calculated
Insurance companies group occupations into specific classes based on documented risk for a particular job. These classes look at the hazards of your job and the difficulty returning to work following a long or short-term disability.
Every insurance company ranks the factors to determine the cost of a policy – age, gender, income, the health of the individual, location, and specialty. These factors are analyzed carefully to determine the overall cost of occupational disability insurance. There are many insurance providers offering oral surgeon disability insurance, so before you settle for a certain insurance policy, check with all providers to make sure you chose the right one.
What Can We Help You Do?
When you turn to us for help with disability insurance, we go to work immediately. We have years of experience in this area and skilled professionals working tirelessly, so we can quickly help you find the coverage you need to ensure your financial stability. With us, you can:
- Be able to review rates from some of the leading providers of individual disability insurance.
- Get quotes from all major insurers in the US that currently offer insurance products in your specific geographic area.
- Learn more about your options for disability insurance and how it can benefit you in the event that you’re injured and unable to work.
Why Choose Us
The challenge with podiatrist disability insurance is finding the right insurer and the right policy for your needs. A disability can happen at any time, now or in 10 years, so it’s important when choosing your insurer to have one that has the financial stability and power to weather difficult economic effects.
There are many insurance companies out there, so it can be confusing to settle for the right provider, but we can help here. We specialize in helping medical professionals like you find the right disability insurance policy to fit your unique needs. When you work with us, you will be involved in every step of the process to make sure you understand everything and are completely happy with what is offered to you.
The real issue here is finding the right insurance policy for your needs. We can help, though. We’ve helped countless medical professionals find the ideal disability insurance coverage for their financial needs, practice size and more. Call us today at 1-877-221-6198 or use the form on this page.