As a physician, your income is the backbone of your lifestyle. Imagine dedicating your entire life to your medical specialty, only to face the uncertainty of an illness or injury that prevents you from working. If your income is not protected, even a temporary loss could have long-lasting financial consequences.
Starting now, TMA members can apply for a long term disability monthly benefit of up to $5,000 without verifying their income or submitting any financial information.
Imagine dedicating years of your life to education and refining your medical expertise, only to face a sudden health setback that prevents you from practicing. The financial consequences may be as daunting as the health challenges themselves. Unfortunately, confronting the fear of the unknown is a reality even the most resilient physicians must face. Thankfully, TMA Insurance Trust has introduced a new benefit to the TMA Member Long Term Disability Insurance Plan, issued by The Prudential Insurance Company of America, providing you with a reliable financial safeguard during times of uncertainty.
If you have investigated the topic of disability insurance, you quickly learn it is complex. However, since residency, you have been told your most important asset is your ability to earn a good income, and disability insurance is the best way to help protect it. We respect that you have worked hard for years to become a physician, and have earned the opportunity to make a good income. We want to help you protect it well.
Insurance is a fundamental tool for protecting what matters most in our daily lives and careers. Disability insurance, in particular, is essential to help safeguard your income in case of illness or injury that prevents you from practicing. However, this indispensable tool may come at a higher cost for women physicians due to gender-based pricing differences.
Physicians are discovering exciting opportunities in alternative career paths as the medical field evolves. Locum tenens and contracting roles stand out for their flexibility and increased earning potential, drawing in practitioners seeking greater freedom in their professional and personal lives.
Have you ever considered how well-protected your income is in the event of an unexpected illness or injury? As a physician, you're skilled at managing your finances, from savings and investments to retirement plans. However, one crucial aspect that many overlook is protecting your income with disability insurance. Discovering that your coverage falls short when you need it most is a situation best avoided. TMA Insurance Trust urges you to consider three essential factors that contribute to effectively safeguarding your income.
As your career as a physician progresses, the need for a comprehensive income replacement strategy becomes greater. While you may have had enough coverage in the early stages, it may no longer suffice as your income has grown and your financial responsibilities have increased. This is where the strategy of "stacking" or "laddering" disability insurance policies can provide a cost-effective solution to enhance coverage without replacing existing policies.
Navigating the unpredictable is familiar territory for physicians, whether diagnosing complex conditions or performing life-saving procedures. However, navigating the unexpected in your personal life can present unique challenges. If you are diagnosed with a prolonged illness or injury and are unable to work, financial uncertainty can become an overwhelming burden for you and your family.
