What New Doctors Are Doing WrongNew doctors are prone to making mistakes – and not just medical mistakes. At least doctors acquire medical malpractice insurance to protect them against medical mistakes!In some ways, the worst mistakes young doctors make aren’t medical mistakes but financial ones.
That’s a question we are often called to address, and the answer is often “yes.” You may not need the same level of protection as people well into their medical careers, and unless you’re independently wealthy, we understand you can’t afford to pay unlimited disability insurance premiums. But we
How to Save Money as a ResidentWe know how hard it is to balance the budget when you’re in residency. There’s a compelling need to protect as much as $15,000,000 in future income as a physician against the very real risk of a career-wrecking disability that could happen to anyone – and yet there are
Remember that game “LIFE?” The child’s board game by Milton Bradley? In that game, the player with the biggest salary was the doctor. But in the game, there were no debt service expenses. There were no medical malpractice insurance premiums. And the government wasn't squeezing Medicare and Medicaid
There’s a common saying in the insurance business and the military: “It wasn’t raining when Noah built the ark.” That’s true! And, it’s important to take that advice to heart. In my business, we sometimes run into the tragic consequence of waiting too long to get disability insurance coverage in
Many young physicians dream of the freedom of opening their own private practice, mid-career. But sometimes the ability to fulfill one’s dreams gets hampered by decisions you make in your 20s. Recently, we had a call from a young surgeon, 36 years old, who was planning to open up a new practice