As a psychiatrist, you are responsible for a number of financial obligations. Your income, which likely falls between $90,000 and $260,000 per year, is a vital part of providing for your family. However, it also pays the bills for your practice. If you were ill or injured and unable to work, what would happen? For too many, the answer is that it would be nearly catastrophic. Thankfully, psychiatrist disability insurance can help.
Why Do You Need Disability Insurance?
Why would you need yet another type of insurance? You already have multiple policies, right? That’s true, but none of those other insurance products can provide you with financial protection if you are ill or injured and unable to work for a period of time. What would happen with your mortgage payment, or your office rent payment, if you weren’t able to work and bring in an income? This is exactly what disability insurance is designed to help with.
Disabilities can be caused by any number of things – a slip and fall while working in your back yard could spell disaster. You could be diagnosed with heart disease. You could find yourself facing the specter of cancer. All of these, and many other, conditions and situations could leave you with mounting bills and no way to pay them. Psychiatrist disability insurance provides you with a percentage of your monthly income that can be used for anything you need if you’re out of work for a lengthy period of time, though.
Making an Informed Decision
It’s easy to see the value of and need for psychiatrist disability insurance. The challenge lies in finding the right policy from the right provider. It can be quite daunting trying to navigate these waters on your own, but we can help. We have years of experiencing working with medical professionals just like you to help them compare their options and make an informed decision about their disability insurance protection.
Call us today at 1-877-221-6198 to learn more or to start the process. You can also contact us with the form on this page.