Practising Physicians | Disability Options
By now as a practising physician you should have disability protection in force, and if you don’t... you need to consider it right now. You are exposed to conditions, risks and stresses that most people simply don’t have to face in their day-to-day lives. Protecting your ability to earn an income is the first step to securing your financial future. Disability insurance is the most important coverage you can have. Your hopes, dreams and plans for the future depend upon your remaining healthy and able to work.
Perhaps you have existing group coverage through the hospital or coverage through your provincial medical association. While this coverage may give you some protection it does not provide medical professionals the long term guarantees they need to protect their lifetime income. It’s essential to have a “back-up” plan. A plan that is properly designed to give you the protection you need while saving you money long term. Definitions of disability that protect your occupation and benefits that are payable to age 65. Most importantly, a contract that is individually owned, non-cancellable and guaranteed to age 65.
We can educate you on the various disability contracts so that you can make an informed decision about the appropriate coverage that will protect your lifetime income.