What If You Lose a Partner or Key Person?

Posted on: October 10, 2017 by Chuck Krugh, CFP

This could happen to you: You are a successful physician in private practice, living your dream. You have a terrific bunch of partners, and a skilled and diligent office manager who keeps the whole practice humming along. But early one morning you get a call from distraught family member: There’s been an accident. Your key […]

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Financial Tips for Young Doctors

Posted on: September 20, 2017 by Chuck Krugh, CFP

We’re always scouring the Web for good articles and studies about doctors and financial tips – and we were particularly pleased to come across this fine piece from Kevin Liu at KevinMD.com. Aiming his advice at young physicians who have just completed residency, or advanced fellowship training, and who are entering the attending physician phase […]

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The Most Dangerous Myths About Insurance Coverage

Posted on: August 24, 2017 by Chuck Krugh, CFP

When it comes to insurance coverage, what you don’t know may not kill you – but it can cost an awful lot of money. Unfortunately, there are a number of myths and misconceptions that even very highly educated people have about insurance and what it covers and doesn’t cover. Here are some of the most […]

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Why Doctors Should Consider Residual Disability Insurance Benefits

Posted on: August 8, 2017 by Chuck Krugh, CFP

Not all disabilities completely knock people out of the work force. In fact, many disabled individuals are able to eventually return to work, or continue to work in a limited setting. But their disabilities still result in a substantial hit to their earnings, compared to what they were earning before their disability onset. A residual […]

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Disability Insurance Protection Critical for Women of Childbearing Age

Posted on: July 26, 2017 by Chuck Krugh, CFP

It’s not unusual to want to take some time off after having a baby. In some cases, you have no choice – medical complications are common after childbirth. But while employers with 50 employees or more are obligated under the Pregnancy Discrimination Act and Family Medical Leave Act to grant you time off to care […]

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Is Your Disability Protection Up to the Job?

Posted on: June 22, 2017 by Chuck Krugh, CFP

Disability insurance is a critical component of a financial plan for most people – but especially for physicians. This is because doctors, dentists and other similarly-situated professionals generally have huge sums of money invested in education, need to be in reasonably good health in order to discharge their day-to-day duties in a clinical setting, and […]

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Five Important Disability Insurance Riders Doctors Should Understand

Posted on: May 8, 2017 by Chuck Krugh, CFP

Most of our readers understand the role of disability insurance in a doctor’s or dentists overall financial plan. Most experts would agree that for those in a high-earning profession like medicine, who have already invested substantial financial resources into their education, disability insurance is an essential building block in protecting their financial security and that […]

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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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