How should physicians prepare for a disability?

As a physician, preparation for a disability is a must. So, how do you prepare for a disability?  Will group coverage be enough to get you and your family through a disability? How much should a physician save for an emergency fund? Listen to learn what you should do if you still owe money on student loans and become disabled and what kind of policy you should choose.  An emergency can upend a physician's life, be better prepared now and have peace of mind if an emergency strikes. 

ASK A QUESTION

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IN THIS EPISODE

• [00:56] Why physicians should have disability insurance.  
• [03:03] How to pay for disability insurance?
• [05:04] Different ways to buy disability insurance.  
• [08:12] Is a group policy enough insurance for a physician?  
• [10:38] What is Own Occupation Policy?
• [13:24] How much should a physician’s emergency fund be?  
• [20:10] What does it cost for a physician to get through a month?  
• [22:00] If a physician wants to be prepared for a disability, this needs to happen. 

NOTICE

Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.