Women physicians need disability insurance to help protect their income. In fact, they may need it more than their male colleagues. Statistically, women are more prone to become disabled than their male counterparts, thus disability insurance rates are higher.¹ Research shows that over 22.3% of all disabilities for women are related to pregnancy.² Consequently, disability insurance premiums for an individual policy are typically 40-50% higher for women compared to the rates for men.³

It is often strongly recommended by experienced physicians that newly practicing physicians obtain a disability insurance policy as soon as possible. Establishing this coverage early in one's career is essential for safeguarding their income.

As years pass and your salary and income grow, your disability insurance coverage needs to keep pace or you could face risks to your financial stability. The policy you started your career with may not sufficiently protect your current income.

No physician likes to think that a serious illness or tragedy could happen to them at any moment. But if it does, a greater tragedy would be not being prepared. Your livelihood may be affected if you are too sick or injured to practice and your income stops.

“An ounce of prevention is worth a pound of cure.” Benjamin Franklin’s wise proverb is one you likely reiterate to your patients in some form. As a physician, you understand that taking preventive measures to protect against illness or disease is far better than spending time and resources addressing a medical issue after it has already occurred.

Many physicians employed by a medical center, research facility, or large practice may receive benefits from their employer. That can bring a sense of security, knowing that your basic insurance needs are covered. This is especially true when you believe your income is protected with employer provided disability insurance benefits. However, this article will point out that there may be hidden risks, so your sense of security may not be well founded.

Protecting the ones you love is instinctive. It is so inherent, planning for potential situations that could harm your family is synonymous with common sense. Keeping a first aid kit in your home or car, having fire drills with your kids, learning CPR – nearly everyone protects their family every day in some way.

Life insurance can help protect all the days your family has ahead of them if you are suddenly unable to.

Most physicians earn a comfortable income, which enables them to provide for their families and have a good quality of life. As time passes, your hard work and dedication allow you to curate a life that stabilizes and nurtures your family. Familiar routines and cherished traditions become foundational.

Preparing for life’s unexpected moments doesn't have to be a daunting task. As a physician, you appreciate how important it is to take care of your health. However, even the healthiest person can fall victim to an unexpected life-altering illness that may not be fully covered by your medical insurance. Since paying for critical illness care often goes well beyond traditionally covered costs, such an unforeseen serious illness would jeopardize your financial security. Therefore, TMA Insurance Trust is making a special effort to inform you about the TMA Member Critical Illness Insurance Plan, issued by The Prudential Insurance Company of America. TMA members under the age of 65 are guaranteed acceptance for $20,000 of TMA Member Critical Illness Insurance.