If you’re like many physicians, you probably purchased your disability insurance policy earlier in your career. At the time, you might have opted for a smaller benefit – because your income was lower, your family was smaller and the premiums were less expensive.
For that reason, your agent or broker might have recommended that you purchase a Future Increase Option (FIO).
When you chose to become a physician, you accepted tremendous responsibility. In many ways, you allowed yourself to become accountable for others’ lives, while at times putting your own health and safety at risk. Though there is an inherent risk in your profession - particularly now due to the Coronavirus - serious illness or injury could happen to any person in their day-to-day life.
As a female physician you’ve worked incredibly hard to be where you are today. Whether you own a thriving practice, or work in a large medical center or hospital, you’ve put in the hours, jumped the hurdles, met the challenges – in short, you’ve paid your dues. So why shouldn’t you be able to get more affordable rates for disability insurance?
The financial fallout from the coronavirus pandemic has had an impact on virtually everyone, including physicians. As a result, many are looking to eliminate or minimize some of their major personal expenses.
We understand that at this time you may be concerned about the cost of your disability insurance – and the challenge of making regular premium payments.
For many of us, pets are not just animals; they’re part of the family. When your pet becomes ill or injured, you want him or her to recover quickly. Veterinary medicine has made advances by leaps and bounds in recent years, but the cost of veterinary care has also increased dramatically: in 2006, Americans spent approximately $9.2 billion on veterinary care. For the year 2014, that amount leaped to $15.3 billion.* For many families, pet insurance is a practical way to manage the expense of providing their beloved pet with quality care.
For Texas physicians, life is complicated enough. When it’s time to make Medicare decisions, we want to help simplify your life. And we want to offer our assistance at no cost to you.
Sometimes it seems that the more you read about Medicare, the less sense makes. A busy physician may feel frustrated in short order. Here are some contributing factors that you may have experienced if you’ve begun to do research on Medicare options:
For physicians working right now in Texas these are sobering times. You are likely to be treating patients who either have the coronavirus or may have been exposed to it.
That means every day you go to work you are at risk of exposure to the virus.
Have you considered what would happen if you were one of those unfortunate enough to contract a disabling case of COVID-19?
Beyond the devastating impact to your physical health, what would happen to your finances if you could not work and stopped receiving a paycheck? What would that mean for your family?
There is still much about COVID-19 we do not yet understand. But this much is clear: Those who are dedicated to fighting this pandemic on the front lines of healthcare have the highest risk of exposure to the virus.
Physicians across Texas and the nation must confront this reality every day.
So it should come as no surprise that we are receiving a growing number of questions from physicians who are giving new consideration to how they can help protect their family with life insurance.
