As you know, a disability can happen to anyone. According to the Council for Disability Awareness, 1 in 4 of today’s 20-year olds will become disabled before they retire. In addition, statistics show that 1 in 8 workers will be disabled for five years or more during their working careers. With statistics like these, it’s pretty hard to turn your back on disability insurance.

The truth is, having a disability will inhibit you from living your life the way you want to and from earning a living. As a physician, you have a high standard of living  and you want it to stay that way, which is why you’ve decided to buy disability insurance.   

If you are a Texas physician who owns or co-owns a practice, you know there is a lot at stake in addition to your patients’ health. All of the time, energy, money and planning put forth for the practice to be successful should be protected – this is where an Office Overhead Expense Insurance policy comes into play.  

An overhead policy can help keep your office running smoothly in the unexpected event that you or another physician becomes disabled and cannot work. Adding up employee’s salaries, utilities, rent, taxes, equipment leases, and other miscellaneous fees, bills begin to mount quickly and can be an added burden upon the practice and the physician while recuperating. Office Overhead Expense Insurance can help keep the doors open and assist you in a variety of ways.

Life insurance – you hear about it often, yet it still seems like a confusing topic. With so many products, solutions and varying opinions, it can be difficult to decide which type of life insurance will best suit your needs and protect your family if the unexpected happens. As a Texas physician, the two main types of life insurance you should familiarize yourself with are Term Life insurance and Permanent Life insurance. Below you will find must-know information regarding both types, in addition to each policy’s pros and cons. Keep this information handy when it comes times to purchase your policy.

The status of physician brings along unique needs when it comes to the topic of personal insurance. Comparing insurance providers can help better protect you, your family and your practice, in addition to helping you choose the exact insurance necessary for your current life phase. For example, a single resident will have different insurance requirements than an established, married physician who has recently purchased a second home. In addition to unique needs, physicians also have limited time to deal with insurance matters. This is where the importance of finding a reputable insurance provider comes in.