Lines of Insurance
Long-Term Disability
One of the major cornerstones of any physician’s financial plan is a solid Long-Term Disability policy. While everyone needs financial protection from a disability, it is even more vital for physicians and dentists. Of course there is the obvious large student loan balances to pay, however there are also disabilities which can disproportionately effect medical professionals more than the average person . For example, an accountant would probably still be able to work with some arthritis in the hand, however can a surgeon do the same? In addition, while a corporate executive may be able to work sitting down most of the day; root canals cannot be completed while sitting.
In addition, ensuring that your policy is suitable for a specialized medical professional is incredibly important. All physicians and dentists should have policies with an “Own-Occupation” definition of disability, along with a partial disability benefit, COLA rider for inflation protection, and a future purchase option rider to ensure future increases income will be protected, regardless of health status.
Videckis Financial is well known for specializing in Long-Term Disability for medical & dental professionals and we would be honored to help you through the process of finding the right policy tailored to your needs and medical specialty.
Life Insurance
Life insurance is an integral part of any long-term financial strategy. Whether that’s simple term insurance to protect one’s loved ones to retirement, or a premium financed permanent policy to protect heirs in covering estate taxes; we’re more than happy to assist you in selecting the life insurance policy that suits your family’s needs.
Long-Term Care
Long-Term Care Insurance is an essential, and often over-looked aspect of a solid financial plan. With medical costs rising, it’s imperative to prepare for a long-term care expense well before you think you’ll need it. Luckily, we offer many different options for our clients, including hybrid Life insurance polices.
Hybrid life insurance insurance policies are essentially permanent life policies with a Long-Term Care rider attached to it. This strategy allows you to prepare for a long-term care expense if you need it, but also offers a death benefit to your family if you never use it.
Every family’s needs are different, but regardless of your circumstances, we’re happy to guide you through the process of finding a plan that fits both your needs and budget.