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17 Physician Disability Insurance Mistakes to Avoid | White Coat Investor

The White Coat Investor – Investing & Personal Finance for Doctors·The White Coat Investor·3 days ago
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The vast majority of physicians and other high-income professionals should and do buy a disability insurance policy at some point during their careers. Despite the presence of plenty of information about doctor disability insurance on the internet, too many of them are still doing it wrong. In this post, I'm going to address 17 common errors that doctors continue to make with disability insurance. Top 17 Ways Doctors Screw Up Their Disability Insurance #1 Didn't Buy Disability Insurance Far and away, the biggest mistake made is that doctors don't buy disability insurance at all. You want to see a financial catastrophe? Take a look at a doctor who became disabled early in their career after spending 10-15 years of their life and hundreds of thousands of dollars investing in their future ability to earn money. This is your most valuable asset. Insure it. More common than becoming disabled is becoming uninsurable or less insurable. People develop medical problems all the time in their 20s, 30s, and 40s.…

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