Protecting What Matters Most

During these days of historic change and uncertainty, it is not uncommon to think about what we can do to help further protect the health and financial security of our family.

As a result, our advisors are fielding numerous questions about disability insurance. This is because disability insurance is a vital way to help replace income if we are unable to work due to illness or injury.

As we face the challenges of these extraordinary times, many of our members are reviewing or reevaluating their disability insurance options.

Here is some insight into one disability insurance plan that may help inform your decision about getting coverage that can serve your needs and save you money.

Do you work for a hospital, medical group or medical center?

If so, as an employed physician, it’s likely you have disability insurance. It’s also likely that your coverage is provided as part of your group benefits package.

And while this may be a valuable benefit for most working physicians, we find that many of our members may not be aware that the disability insurance provided by their employer can have certain limitations.

With each passing day, COVID-19 is transforming our lives in ways we might never have been able to predict. It is redefining how we live and how we work.

As a result, many physicians are reassessing the kinds of protection they have in place for themselves and their families as they try to navigate an uncertain path forward.

As you near the conclusion of your medical residency, you can rightly be proud of your accomplishments, and have reason to look forward to a successful career. But the world has changed, and the face of medicine looks strikingly different than when you began this journey. No one can say with certainty what the future holds. Because the unexpected does happen, proper insurance coverage is vital for helping you successfully meet the unknown.

What type of insurance should you carry as a resident or fellow? For those who aren’t sure where to start, we have created a package of the most essential insurance products for physicians who are starting out in their careers.

At this unique moment in time, physicians are facing stark realities that are unprecedented – not just in the field of medicine but in every aspect of our life.

The impact of the current health crisis is causing people in all professions to take stock of how we live and what we can do to best protect ourselves and our families.

Almost every professional knows how important it is to help protect their income. Our long term financial health depends on it.

For over 60 years we have worked with Texas physicians to help them protect their income and the financial security of their family.

But now, as risks to our health and livelihood are rising daily, we are finding that many physicians are reaching out to us with concerns that their income may not be adequately protected – leaving the financial security of their family vulnerable.

Even if you don’t play or watch the game of baseball, you have most certainly heard the expression “cover your bases.”

It essentially means “be prepared” – position your team to be alert for any possibility – whether it’s a line drive hit down the third base line or a runner trying to steal second. The idea is to be ready so no matter what happens you are not caught off guard.

Life is lived in stages. You could say the same is true for the career of a physician.

In a broad sense, a physician’s career can be divided into three stages – early, middle and later. Each of these stages can bring rewards and achievements. But at the same time each comes with vulnerabilities – especially with regard to our health.