Healthy, young, non-smoking physicians typically think they can get away without having disability insurance. It makes sense — insurance can seem foolish when you’re healthy.
But what happens if you get sick? Healthy, young, physicians have a 25% chance of becoming disabled for 3 months or longer — and a 40% chance that a disability lasts 5 years or longer.
Even a 3-month break in income while your expenses add up can be financially devastating. But a 5-year gap can create financial doom.
In this episode, I’m sharing the most common types of disabilities and the only way to protect yourself from financial ruin should you become disabled.
Highlights from this episode include: