Disability coverage falls into short-term and long-term disability insurance. A disability is any injury or illness that limits your ability to work. Insurance companies do not treat all disabilities the same, because they’re not the same. High-earners, like physicians, often combine short and long-term policies to maximize their disability coverage and protection. In this article, we’re […]
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If you are faced with relocating your practice, no matter if you’re just starting your medical career or a seasoned veteran, your next job can take you to another city. Buying a home in an area you’re familiar with is a big enough challenge, but relocating to a new city to start a new position
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You purchased a home several years ago with a physician mortgage loan, but now circumstances have changed and you need to move again. Maybe one of the following scenarios has occurred: You finished residency and plan to start a practice in another city. You’ve been practicing for some time and are transitioning into a hospital.
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If you’ve been searching for a new home, you’ve probably come across foreclosed homes in your search. They catch your eye initially because of the price. Today, foreclosures aren’t as easy to find as they were after the housing crises, but they’re still out there. Unfortunately, there will always be homeowners who fall behind on
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If you’re a practicing physician or resident shopping for a new home, a condo or townhome might be the perfect fit for your busy lifestyle. Everyone knows doctors can work long and hard hours. When you finally have downtime, you might not feel like spending it on home maintenance projects. Condos and townhomes both give
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Getting a doctor mortgage loan gives physicians a quick path to homeownership. The mortgages come with competitive terms that aren’t available to buyers who aren’t doctors. The reason is doctors are considered to be very low-risk borrowers. According to a 2018 Doximity report, family medicine, and internal medicine top the list of the most in-demand
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For private practitioners, it’s important to protect your practice and your team from the unexpected with various types of insurance. Today’s business insurance for physicians’ options are more flexible than ever before, so you’re sure to find the perfect fit for your practice. In this article, we’re going to look at four “must-have” types of
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As the name suggests, a physician mortgage loan is a special type of mortgage product available to doctors. The loans don’t have as many restrictions compared to what typical borrowers face with a conventional loan. Physicians with good credit will find that a physician home loan can make it faster and easier to buy a
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Umbrella insurance is probably the least expensive insurance any doctor will buy, but the payoff can be massive. Physicians need an umbrella policy and they should be viewed as added protection. Most wise physicians will carry an umbrella policy of $1 to $5 million. The more you’re covered, the cheaper each unit of insurance becomes.
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Physicians like other high-level professionals pay attention to life insurance needs, but often fail to consider what would happen following a debilitating incident. In reality, professionals have a greater chance of suffering a disability that impedes their ability to work, than meeting a premature death. This is why physicians need disability insurance. Today’s insurance industry
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