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.

As a physician, you recognize the importance of protecting your income and securing financial stability for yourself and your loved ones. Disability insurance is a crucial part of this protection. By being a TMA member, you gain the opportunity to help safeguard your income with a benefit of up to $5,000/month without the need for income verification. However, with full underwriting, members can get up to $15,000/month. These benefits are paid regardless of any other coverage you may have.

A physician's life is constantly changing. Every day brings new challenges and responsibilities that can significantly impact your health and financial well-being. Protecting the security of yourself and your family's future is, without a doubt, your priority. If a sudden health issue should disrupt your ability to work, ask how this would affect your current lifestyle.

As an independent locum tenens physician, you enjoy many benefits. Due to the shortage of physicians in Texas, your skills are in great demand. You get to decide when and where you want to work. And you don’t have to wait around for insurance reimbursements to get paid.

In the medical profession, your ability to care for your patients is closely tied to your health and well-being. If an illness or injury disrupted your ability to work, could you cover your living expenses and additional medical bills? Most young physicians, especially residents, face substantial education loan repayments, monthly rent or mortgage bills, auto expenses, and potentially, the responsibilities of starting or caring for a young family. If you were unable to practice and earn an income, even for a short period of time, these financial demands could quickly deplete your savings and leave you financially vulnerable.

You’ve invested years of rigorous study and tireless dedication to become proficient in your field. With your professional life on an upward trajectory, it’s essential to ensure that you are helping to protect the income you’re working so hard for.

The TMA Member Short Term Disability Insurance plan is an affordable financial tool that residents and young physicians can use to help protect their incomes if a serious illness or injury keeps them from practicing.