Why Do You Need Disability Insurance?
As a proctologist, your income plays a vital role in ensuring your family enjoys a high quality of life. That income goes to support your lifestyle and your family. It’s used to pay for your home’s mortgage, for your car loans, for your school loan payments, and for everything else you need, from your children’s tuition to your electric bill. It’s also responsible for paying most of your medical practice’s expenses. Protecting that income is absolutely essential, which makes proctologist physician insurance an important consideration.
First, let’s touch on why proctologist physician disability insurance is necessary in the first place. Answer this simple question – if you were forced to be out of work for several weeks or even months, what would you do about meeting your family’s financial obligations, or even paying the bills within your medical practice? Unless you have proctologist physician disability insurance, you have few options. You could dip into savings or your retirement funds, but that will only work for so long.
The Risk of Injuries Shouldn’t Be Ignored
For those around the age of 40, there’s a 21% chance that you’ll experience at least one disability that lasts a minimum of three weeks before you turn 65. While it’s not a guarantee that you’ll be disabled, those are significant odds. In addition, your level of health affects the likelihood of disability, and your odds only increase as you age. Back problems, heart conditions, diabetes, cancer – these are just some of the threats you face.
You could also be injured at home doing routine yard work, or on the way to work. In these cases, your worker’s compensation, your health insurance, and your auto insurance will only provide limited coverage, but what you will need then is a replacement for your lost income. This can be provided only through proctologist physician disability insurance.
How much coverage do you need?
The first step to finding 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, your savings, etc.
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 proctologist physician disability insurance.
When you turn to us for help with your disability insurance, we make sure to include you in every step of the process. We work with you so you can understand not just the insurer options, but also your options in coverage terms and other considerations.
Own Occupation and All Occupations
Some disabilities will allow you to do some work but not the one that is your specialty, while others may make it impossible to work any kind of work. Remember how many years you’ve spent to become a proctologist? Imagine after all those years of studying, you get injured and unable to perform your work tasks.
It’s here that we see the importance of the own occupation insurance policy. It will provide you with regular monthly benefits in case your disability prevents you from doing tasks in your work field. There is also a policy called “any occupation insurance policy” that will pay out benefits in case you are unable to perform any job, not only your own.
Buy a Disability Insurance Policy While You’re Young
The price of your proctologist physician disability insurance policy depends on the risk of you filing an insurance claim. The higher your risk, the more you’ll pay in premiums, and one of the primary factors that contribute to being graded as a higher risk person is your age. Statistics show that the older you are the more likely you to become disabled.
You can buy disability insurance today and save money in the long-term. Each year you age is more money you’ll be paying out in premiums.
Look for Unisex Rates
In general, women pay higher disability insurance rates than men. A recent study has shown that women are more likely than men to develop a disability that prevents them from being able to work full time and as a result, the premiums calculated for women are higher than the ones for men. Rheumatism and arthritis are the most common disabilities women encounter, followed by cancer, heart disease, mental health, and diabetes.
Women have also reported that experiencing a disability would be “somewhat devastating” to their family’s finances. Many of the participants in the study said they worry that their cash reserves would last less than a month if they couldn’t work.
We want to find you the best conditions for your proctologist physician disability insurance, so don’t hesitate to reach out to us for any questions or concerns.
We Help You Find Peace of Mind
Proctologist physician disability insurance is about one thing and one thing only – finding the peace of mind that comes from knowing you, your family, and your medical practice are protected in the case that you’re disabled and unable to work.
Of course, finding the right disability insurance is not simple. This is where we come in. We can help you get quotes from top-rated insurance companies across the US, compare rates, and understand your options when it comes to finding this protection. When you turn to us for help with disability insurance, we go to work immediately. With us, you can:
- Be able to review rates from some of the leading providers of proctologist physician disability insurance
- Get quotes from all major insurers in the US that currently offer insurance products in your specific geographic area.
- Learn more about disability insurance and how it can benefit you in the event that you’re injured and unable to work.
We invite you to contact us today by calling 1-877-221-6198. You can also use the convenient contact form on this page. We look forward to helping you find the disability protection you need.
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