Student Loan Planner

OCTOBER 16, 2023

Key Takeaways: Physicians need a strong definition of disability to protect their specialty income and education investment from an unexpected injury or illness. When searching […] The post Guardian Disability Insurance Review: Enhanced True Own-Occupation Coverage for Physicians appeared first on Student Loan Planner.

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OCTOBER 9, 2023

Key Takeaways: Ameritas is one of the “Big 5” disability insurance companies that underwrites own-occupation disability insurance for medical and dental professionals. These high-income specialties can be vulnerable to injuries and illnesses that might put their paycheck in jeopardy for a couple of years or long-term.

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Student Loan Planner

NOVEMBER 20, 2023

Long-term disability insurance protects your income if you have a long-term injury or medical condition. But the best disability insurance for physicians carries a true own-occupation definition of disability, with the strongest income protection for your medical or dental specialty.

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Student Loan Planner

SEPTEMBER 11, 2023

Key Takeaways: Standard Insurance Company, a subsidiary of StanCorp Financial Group, Inc., is a “Big 5” insurance carrier. This grouping of disability insurance companies is responsible for underwriting the majority of own-occupation disability insurance policies.

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Student Loan Planner

JULY 10, 2023

Key Takeaways: Principal Life Insurance Company, a member of Principal Financial Group, is one of the “Big 5” insurance carriers that underwrite “true own-occupation” disability policies.

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Student Loan Planner

MAY 2, 2023

The average cost of physician disability insurance is more expensive than other types of financial security, such as term life insurance. But long-term disability coverage costs more because you’re more likely to use it throughout your career. appeared first on Student Loan Planner.

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Student Loan Planner

MARCH 2, 2023

Life insurance and long-term disability (LTD) insurance are both forms of income protection, but they come into play at very different moments of crisis. Life insurance provides for your loved ones if you pass away. Whereas disability insurance provides an income while you’re still alive but unable to work.

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Student Loan Planner

JUNE 12, 2023

Long-term disability insurance policies have many optional add-ons, called policy riders, that can enhance your coverage. One of the most popular disability insurance riders is the future purchase option (FPO). It allows you to increase your coverage later without additional medical underwriting.

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Student Loan Planner

FEBRUARY 22, 2023

Long-term disability insurance can provide financial stability if you experience a disabling injury or illness. As a high-income earner, you can receive a substantial payout if you can’t perform your specialty, depending on your policy’s definition of disability. appeared first on Student Loan Planner.

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Student Loan Planner

JANUARY 31, 2023

In addition to earning a medical degree, emergency medicine physicians complete up to four years of residency. Many go on to specialize in areas, […] The post Cost of Disability Insurance for Emergency Medicine Physicians & What to Know appeared first on Student Loan Planner.

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Student Loan Planner

JANUARY 27, 2023

Key Takeaways: As a critical care physician, you play a vital role in helping patients who are experiencing potential life-threatening trauma or other illnesses. There’s a significant amount of education and training necessary to perform this job and do it well.

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Student Loan Planner

MARCH 25, 2024

Long-term disability insurance policies come in many flavors that vary based on the insurance company and the individual policyholder. As a physician or other specialty professional, it’s crucial you take the time to compare policy options to understand how your coverage and benefits might differ.

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Student Loan Planner

APRIL 26, 2024

After all, professional mortgage programs make it a lot easier for physicians and high-income earners to qualify for homes in the $1 million to $2 million range.

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Student Loan Planner

OCTOBER 23, 2023

You might have the option to choose between graded vs. level premiums when you buy disability insurance as a physician. Most disability policies will have a level premium, allowing you to budget the same amount each month for the life of the policy. appeared first on Student Loan Planner.

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JANUARY 4, 2023

Key Takeaways: Plastic surgeons are considered higher risk and can benefit from disability insurance. Plastic surgeons also have some of the highest income out of all physicians, and you want to protect yourself in the event of disability.

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Student Loan Planner

AUGUST 22, 2023

There are many decisions physicians need to make when buying disability insurance, including choosing a strong definition of disability and deciding whether to include policy riders that will enhance your coverage. One rider to consider is a catastrophic disability benefit.

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Student Loan Planner

JANUARY 29, 2023

Key Takeaways: The field of ophthalmology can lead to a lucrative career, with the average ophthalmologist earning $417,000, according to the Medscape 2022 physician compensation report. With that level […] The post Guide to Buying Disability Insurance for Ophthalmologists appeared first on Student Loan Planner.

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APRIL 30, 2023

Key Takeaways: AMA group disability insurance is often one of the first disability policy pitches that residents and young physicians encounter. Keep reading for our AMA disability insurance review and alternative disability insurance options. What is AMA disability insurance?

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Student Loan Planner

JANUARY 6, 2023

Disability insurance is often recommended to the healthcare community. However, it can be expensive, especially for residents and young attendings who start with lower salaries compared to their future earnings — causing many to question if they should get doctor disability insurance. But […].

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Student Loan Planner

JANUARY 18, 2023

Key Takeaways: Most physicians understand the premise behind disability insurance: if you become disabled due to an injury or illness, you can receive a monthly benefit. But you might be dangerously underinsured if your policy doesn’t have a true own-occupation definition.

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Student Loan Planner

JANUARY 13, 2023

Key Takeaways: As a cardiologist, you’re one of the highest-paid physicians, with an average salary ranging from $350,000 to $490,000. The post Cardiologist Disability Insurance: How to Buy It & What to Know appeared first on Student Loan Planner. You can […].

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Student Loan Planner

FEBRUARY 20, 2023

Nephrologists work as physicians with a medical specialty on all things kidney-related, detecting and treating potential kidney disease in patients. Key Takeaways: Staying healthy means ensuring bodily systems are working properly, including the kidneys.

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College Planners of America

JANUARY 25, 2023

If a former college student with an outstanding student loan balance becomes disabled, he or she may not need to repay the debt under the provisions of the Total and Permanent Discharge (TPD) program. Over 400,000 disabled former students have been granted $7.8 or osteopathic physician (D.

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Student Loan Planner

DECEMBER 25, 2022

Key Takeaways: Disability benefits provide income when you’re too ill or injured to work. Otolaryngology practitioners have the potential to make a good income, so disability insurance offers protection. Depending on your circumstances as an otolaryngologist, disability insurance can be part of a good financial plan.

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Student Loan Planner

JANUARY 12, 2023

Key Takeaways: Disability insurance for oncologists can help replace a portion of your monthly income if you become too injured or ill to work. Radiation oncologists have access to disability insurance premiums that can be affordable as compared to some other medical specialties.

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Student Loan Planner

APRIL 30, 2023

Due to the knowledge necessary to serve as the first line of defense for a wide variety of health concerns, the average primary care doctor earns around $250,000 […] The post Disability Insurance for Primary Care Doctors: How to Buy It + What to Look For appeared first on Student Loan Planner.

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Student Loan Planner

FEBRUARY 8, 2023

But in the end, you’re able to earn a sizable income while performing image-guided procedures geared toward minimizing risk, pain and recovery time […] The post How to Buy Disability Insurance for Vascular and Interventional Radiologists appeared first on Student Loan Planner.

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Student Loan Planner

FEBRUARY 3, 2023

For a profession that requires expensive medical school, a general surgery residency and a thoracic surgery fellowship, it’s crucial you protect your high […] The post Disability Insurance for Thoracic Surgeons: Benefits and Costs appeared first on Student Loan Planner.

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Student Loan Planner

JANUARY 26, 2023

As part of your rewarding job, you command a […] The post Disability Insurance for Pain Medicine Doctors: How to Buy It + Costs appeared first on Student Loan Planner. That’s why working in pain medicine and pain management can be rewarding, as you work directly with patients to help prevent, treat and diagnose their pain.

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Student Loan Planner

JANUARY 23, 2023

Disability insurance can provide income protection if you become ill or injured and can no […] The post How Much Disability Insurance for Oncologists Costs and Its Benefits appeared first on Student Loan Planner. When you finish, however, you might have a high income.

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Student Loan Planner

JANUARY 21, 2023

Once you’ve completed a five-year residency, you might tack on several additional years of residency or fellowship training to specialize further […] The post Disability Insurance for Orthopedic Surgeons: Costs and Where to Buy It appeared first on Student Loan Planner.

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Student Loan Planner

JANUARY 20, 2023

Neurologists do a good service helping patients in need who are suffering from ailments related to the brain, nervous system and […] The post Neurologists Disability Insurance: Where to Buy It + Costs to Know appeared first on Student Loan Planner.

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Student Loan Planner

JANUARY 9, 2023

Key Takeaways: Disability insurance for neurosurgeons protects against loss of income due to illness or injury. Surgeons disability insurance comes with different options, including through employers and individually purchased insurance. As a surgery fellow […].

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Student Loan Planner

DECEMBER 26, 2022

Disability insurance for dermatologists can protect you and recover a portion of your income. The post Guide to Getting Dermatologist Disability Insurance appeared first on Student Loan Planner. Key Takeaways: Dermatologists invest a lot of time into their education and earn multiple six figures.

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Student Loan Planner

DECEMBER 13, 2022

Key Takeaways: Disability benefits offer a way for you to receive income if you can’t work. Urologists have the potential to make a lot of money, and disability insurance can help protect that income. Depending on your situation, disability insurance can be part of good financial planning. In addition to […].

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