I told him I needed life insurance. He said sure. He told me I needed disability insurance. I told him no (three times in fact). He asked if I was healthy, and I mentioned a couple of medical problems for which I get treatment. Eventually, though he sold me on the idea of going for it. “What could it hurt to try….” It hurt a lot.
It is not a sexy topic, but it is one of the most important (if not THE most important) topic in personal finance for doctors. Here are the top 10 questions about disability insurance for doctors, and an answer to each. Don’t skip this. It’s important, and that is coming from someone who screwed this up and cannot get disability insurance now.
Readers sometimes ask me if they have a good disability insurance policy. I would argue that you should start with this post and check if you have these 6 must-have features in your disability insurance policy…
If you have disability insurance from Northwestern Mutual (or are considering it), this post is a must read.
I’m often asked how doctors can know whether the disability insurance policy they have been offered (or already have) is any good. This comprehensive post goes a long way towards figuring that out. Break out your policy, and find out if you need to make a change!
It doesn't take long reading physician finance blogs (or really any personal finance blog) to...
Have you ever wondered if your group disability policy would be sufficient to cover you in the case of disability? Today’s post can help you sort this issue out.
s I was watching one day, it started to amaze me how comfortable the birds were jumping from post to post on the feeder or from branch to branch. Often times at a distance taller than the bird itself. It dawned on me that the reason they are so comfortable taking this risk was because they knew if they made a miscalculation, they had wings. Today, we talk about how side hustles give us wings – and asset protection.
As many of you know, I had a really rough experience with an insurance salesman. I now can not get personal disability insurance because of that. Because of that, I want you to know more about it than I did. No better time to learn than right before graduation! Come take a peek.
[This is a guest post from Lawrence B. Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF. It is a basic post,...