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5 Reasons Why Physicians Need Disability Insurance


As a physician, you may be wondering if you really need disability insurance.

After all, you probably make really good money.

Plus, you probably have a decent savings account.

You probably also have great health insurance.

Is there really a reason to get disability insurance even when your life is set up in such a positive, financially secure way?

Well, these are actually really common questions that physicians often ask. But here’s the bad news.

Just because you’re already set up to be financially secure, that doesn’t mean that you don’t need disability insurance.

In fact, in this blog post, you’re going to learn the 5 most important reasons for why even financially successful physicians should really be holding disability insurance whenever they’re working and making an income.

Here’s what you need to know.

1. Because You Probably Rely On Your Income

The vast majority of physicians, even those who make above-average salaries, depend on their income to pay their bills, manage their expenses, and support their lifestyles.

Even if you have a great savings account and a retirement account, you’re still susceptible to disaster. 

If you were to get sick or fall disabled, once your income dries up, it’s only a matter of time before the finances start to get tight.

For this reason, it’s a really good idea to get and hold disability insurance as a physician

2. Because If You Can’t Work, You Can’t Pay Your Bills

Getting health or auto insurance as a physician is a good thing.

However, what happens if you can’t work for an extended period of time?

If you get sick or end up disabled, and this prevents you from working—eventually, that lost income is going to come back to bite you.

Think about all of the different bills you pay every month.

When you stop and consider the fact that all of that money comes from your primary income source, you’ll quickly realize that losing your job due to an illness or disability would be a huge liability.

This is also why it’s so crucial to get a disability policy that includes a cost-of-living rider. 

This way, if your expenses increase while you’re on disability insurance, you can still be covered. 

3. To Protect Your Family

As a doctor, you’re probably used to a certain standard of living.

You do, after all, make really good money—and you deserve it.

Now, think about the major changes your family would need to endure if you were to lose your job.

Imagine how much hardship your family could endure if your very lucrative physician’s income were to suddenly cease.

This is just another reason for why disability insurance is crucial for every physician—so that they can make sure that their family will be taken care of in the event of a health disaster.

4. To Maintain Your Lifestyle

As someone who’s probably securely located within the top 95th percentile of the income bracket, you’re probably accustomed to a certain standard of living—and for good reason.

You paid your dues in college, and now you make great money for doing great work for your community.

But here’s the problem. 

That lifestyle could really be in danger if you were to lose your job due to an illness or disability without carrying disability insurance as a physician.

5. For Peace Of Mind

At the end of the day, peace of mind is one of the most valuable things you could ever possess.

Going to bed and sleeping soundly at night, knowing that your affairs are in order, is truly a priceless gift.

And this is really the value of disability insurance.

When you equip yourself for the event that something goes wrong, you’ll give yourself a lot of peace and comfort. And this peace and comfort will also extend to your family.

You and your loved ones deserve to know that you’ll be taken care of in the event that something goes really wrong.

And one of the only ways to cover some of these bases is to make sure that you have a high-quality disability policy.


Hopefully, this post has helped you to understand some of the best reasons for why even doctors need to have high-quality disability insurance.

It’s really just too dangerous to go without.

So do some research and find some great insurance to get you covered as soon as possible.

Hopefully, you’ll never need it.

But if you do, it’s always better that it’s there.

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