Insurance. If you’re a Millennial, the word probably evokes yawns and shrugs. But insurance is needed for many reasons in our lives. We purchase travel policies when we book a vacation. We insure our cars. But what happens when that car gets smashed by another car, sending you sideways into the landscape? Or the plane falls out of the sky? Or you get sick.
These are dramatic images, but they can happen. To anyone. At any age.
As you review insurance plans for your medical practice staff, you may want to consider offering long-term disability insurance.
This type of coverage can be a valuable benefit for a medical practice to offer. Statistics from the U.S. Census Bureau suggest that one in five employees have a chance of becoming disabled during their careers. On average, long-term disability absences from work last for more than two years.
Graduating residents are tired of hearing it by now, but despite a good chance of having a greater income in the near future, this probably isn’t the time to trade in your used car for the keys to an expensive late-model vehicle. You want to be responsible, and that means thinking about how to spend wisely after residency.
When you get married, there’s an array of things that change for you and your spouse. You now address each other as husband and wife, you come home a little earlier from work to see your companion, and you spend time making plans for the future together. Additionally, maybe you have moved into your spouse’s apartment or home, or perhaps you are considering buying a new home together. No matter what your future plans look like, marriage will undoubtedly impact your finances. Below we have broken down five financial changes that newlyweds should be prepared for.
Not only does the month of May host many important holidays including Mother’s Day and Memorial Day, but it is also Disability Insurance Awareness Month. Even though disability isn’t a pleasant topic, it’s unfortunately a very real issue — one that everyone should be aware of. The truth is, a disability can happen to anyone. According to the World Health Organization (WHO), over 1 billion people, which makes up 15% of the world’s population, have some form of disability.
Like most, you probably think your chances of becoming disabled from an illness or injury is small. However, if you consider that 1 in 4 people will become disabled during their working career, the chances of you or someone you know becoming disabled may be more likely than you expect.
Since May is Disability Insurance Awareness Month, we have created this compelling infographic to help you understand the true facts about disability. Learn the top leading causes of a disability, how much a disability can cost you, and your options for coverage.
Disability insurance is important for physicians and medical residents because it safeguards future earnings should a disability occur. And while the odds of becoming disabled may seem low, there were actually over 2.5 million disabled workers in their 20s, 30s, and 40s receiving SSDI benefits in 2014 according to the Social Security Administration.
There is so much to know when it comes to disability insurance, you will likely have questions. We asked our insurance advisors which questions they frequently receive about applying for disability insurance.They provided answers to those questions below.
