It’s the beginning of a New Year, and we all know what that means: New Year’s resolutions. I make them; my kids make them; many of you make them.
In the last few days, I’ve heard the usuals: lose weight, spend more time with family, quit smoking (or insert other bad habit here), volunteer more, and, once or twice: save more money, max retirement funds. They’re all noble goals, to be sure.
One resolution that I haven’t heard: Obtain disability and/or life insurance to protect the assets I’ve worked for—and the family I love. Insuring yourself is a resolution most of us—especially healthcare providers—should be making this year.
But, we don’t. After all, we are busy. It’s easy to get caught up in the craziness of day-to-day life. We worry about how many patients we can see in a day, about catching up with electronic medical records, about running a household, and about running a family. We let important things slip through the cracks. Faced with careers and kids and others tugging at our white coats, the need for disability and life insurance just doesn’t feel that important. Really, I get it.
But then, something bad happens. Life happens. We learn of a tragedy—a young colleague diagnosed with MS or early onset dementia, a resident diagnosed with cancer or suffering a traumatic brain injury, a middle-aged man dying of a massive MI, or one of our favorite older mentors suffering a stroke.
Our first thoughts are sympathetic. We feel for the person we care about. We feel for their family, their practice.
Then, we wonder: Did our friend have life insurance? Will the people she left behind be OK? Did our colleague have disability insurance? How will he provide for himself and his household while battling this? No matter what the situation, we hope the people we care about can handle the emotional and financial burdens that come with unexpected—but not always unusual—turns of events.
Then, quite naturally, our thoughts turn to ourselves: What would we do if we found ourselves in a similar position? How would our families survive? As healthcare providers, we face life and death every day. But it’s not until it hits close to home that we are forced to think about our own morbidity and mortality.
As an expert in disability and life insurance for physicians, I can tell you: We should think about it. We should not wait until something horrible has happened to protect ourselves and our loved ones. Too often, I get the call after the fact. I’m always glad to help, but you’ll be making things so much easier on yourself if you think ahead.
This year, don’t wait. Make it a resolution. Make it a priority. Make it. Protect your assets. Protect your family. Give me a call. Message me. It’ll be easier than you think.
Let’s get this thing done. You can exercise/diet/stop swearing tomorrow.