Written by: Matthew D. Brotherton, CLTC
You’ve spent years working in a profession, building a career. Chances are that your family depends upon your salary to maintain your lifestyle.
But most people don’t like to think about it. So they don’t take care of the “what ifs” in life, and when an illness or accident occurs they are unprepared.
Well, I work hard to make sure that my clients are prepared for the “what ifs” in life. Physician disability insurance can protect your income, your family and your lifestyle. This type of insurance replaces a portion of your income if you become disabled and are no longer able to work. This can happen for a number of reasons, including accidents on the job and illnesses like cancer or heart disease.
I am often asked who needs disability insurance. If you are the primary breadwinner for your family, you probably should have it. And if you hold an advanced position, or you specialize in your profession, then you really need to explore own-occupation disability insurance policies. This means that you’d be covered if you couldn’t work in your professional specialty, even if you could work in another job. That’s an important distinction to remember.