Group Disability Vs. Individual Disability – What You Need to Know

Posted on: April 21, 2017 by Chuck Krugh, CFP

My employer offers me disability insurance via a group plan. Why do I need my own policy? It’s terrific that your employer offers this important benefit to you. But there are important differences between a group disability plan designed to appeal to employers and an individual plan, designed and customized for your personal needs as […]

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Doctors: When to Review Your Disability Insurance Coverage

Posted on: March 21, 2017 by Chuck Krugh, CFP

Disability insurance is like a good car: It will work when you need it – but you need to do a little maintenance from time to time to get the most out of it. For disability insurance policyholders, maintaining your policy means doing a periodic review of the policy with your insurance professional and ensuring […]

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Disability Insurance and Medical Specialties

Posted on: February 19, 2017 by Chuck Krugh, CFP

Most physicians who have spent time shopping around for disability income insurance, or actively doing financial planning for themselves and their families, understand the importance of the distinction between own occupation and any occupation language in disability insurance policies. Naturally, a disability policy that covers you against injuries and illnesses that prevent you from working […]

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New Years Resolutions for Doctors

Posted on: January 12, 2017 by Chuck Krugh, CFP

The New Year is traditionally a time to act on plans for self-improvement. Millions of Americans will be working to lose weight, to achieve success at work, improve their 2 mile run time, or to achieve a variety of financial and personal goals. Here are some great New Year’s resolutions for doctors to consider: Go […]

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Why is Disability Insurance More Expensive for Women?

Posted on: November 9, 2016 by Chuck Krugh, CFP

Occasionally we have clients compare rates for similar individual disability insurance policies for men and women. “Why are rates higher for women,” they ask. The answer: Because it’s worth it! Here’s why: When insurance companies set rates, they base them on their claims experience for similar policy holders in the past. Insurance actuaries are some […]

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Common Disability Insurance Riders

Posted on: October 20, 2016 by Chuck Krugh, CFP

A rider is a special feature or additional guarantee on top of a basic insurance policy. Some riders are available for free – you just have to check the appropriate box on the application. For other riders you may have to pay some additional monthly premium. But depending on your individual situation, the extra guarantees […]

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Residents – What They Earn and What They Owe, Nationwide

Posted on: September 27, 2016 by Chuck Krugh, CFP

The average salary for residents for 2016 was essentially unchanged compared to the prior year, at $56,500, according to the recently-released Medscape Residents Salary  & Debt Report 2016. That represents an increase of $100 per year, which is well within the margin of error. Naturally, some specialties out-earned others, and just about everybody out-earned emergency […]

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Why People In Their 20s and 30s Need Disability Insurance

Posted on: August 23, 2016 by Chuck Krugh, CFP

As a young and healthy person, it’s easy to think of wheelchairs, canes and handicap placards as an issue for older Americans. But that’s just not true. Aside from the risk of accidents and injuries, there are also a number of severe, debilitating and potentially career-ending diseases strike young people even in their 20s and […]

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The different types of disability insurance

Posted on: August 9, 2016 by Chuck Krugh, CFP

Disability insurance is almost a must-have for any professional – especially those whose peak earning years are ahead of them. A freak accident, a bad break with a dreaded disease, or a problematic pregnancy can all disrupt or end a career that you spent most of your life preparing for – and less than one […]

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The New Doctors’ Financial Planning Checklist

Posted on: July 26, 2016 by Chuck Krugh, CFP

Congratulations on becoming a physician! You’re going to help a lot of people, potentially save a lot of lives, and in the process, make a good deal of money. The total lifetime earnings of a physician easily amounts to upwards of $7 to $10 million and sometimes more, over the course of a successful career […]

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