Physicians like orthopedic surgeons hold some of the most esteemed professions in America, and with that prestige often comes a large salary. One of the best ways to protect your income against the uncertainty of life is to purchase disability insurance in case you are not longer able to practice due to an injury or illness.
This high salary does not come without a cost. Owning a medical degree can be very expensive. The Association of American Medical Colleges reveals that a four-year medical degree could cost an average of $278,455 or $2017,866 for private and public schools respectively. Think of the student loans you probably took to pay for your highly-specialized profession.
What if the unexpected happens (like illness or injury), and you’re no longer able to perform your duty as an orthopedic surgeon? What happens to the anticipated income and all the years you’ve worked so hard for?
Having a comprehensive disability insurance policy is one of the most effective ways to protect your earnings even when the unknown happens.