Why do physicians need disability insurance?
The case for physician disability insurance begins with a sobering reality: Between 25-30% of American workers will suffer a disabling event at some point in their careers that prevents them from earning an income. As a highly-trained, highly-compensated medical professional, ask yourself:
- What would you do if you couldn’t work?
- How would you pay your bills if you lost your income?
- What would become of your medical practice if you were unable to treat patients?
- How would the loss of income affect your lifestyle and ability to provide for your family?
Depending on how you answer these questions, you may want to purchase disability insurance to protect your income.