Making the decision to get disability insurance is a great step toward protecting your future. If you consider all the costs of running your house from day to day, and add to that the medical bills that are likely to accompany any disability, you’d probably come up with a big number. For most people, it’s being prepared for the unforeseen events in life that define their success – and having the right coverage in the event of a disability is definitely an important step in this process.
Yes, there are state-funded disability payments, but the application process can literally take years and often people are denied access to SSI funds on their first attempt – pushing the payment window on everything from medical bills and credit cards to your daily grocery shop out further, and ultimately having a negative impact on your finances. The best protection against this is to invest in your own private disability insurance – for self-employed professionals like a doctor or a dentist, disability insurance is vital.
Choosing a disability insurance quote should come down to three basic things: the premium you can afford, the amount of time it takes to claim and the coverage available. When you’re comparing quotes for dentist or physician disability insurance, it is also important to consider the fine print of any policy offered – after all, if you’re paralyzed skydiving, and your policy doesn’t cover high-risk activities, it is worthless.
Related posts: