Medical practitioners spend years learning how to take care of their patients. Medical students will acquire an average of $156,000 dollars of debt while they are in school. They consider these student loans to be a worthwhile investment because they know that they will make a lot of money once they begin their practice. Unfortunately there are thousands of individuals that acquire a disability in their adult years, which can prevent them from working. Medical practitioner disability insurance can give those in the medical profession a way to support themselves if the unthinkable should happen.
Cold Hard Statistics
People have a tendency to go through life believing that it is highly unlikely that they will be one of the unlucky few that acquire a disability. Cornell University conducted a study in the year 2010 which yielded some interesting results. It was discovered that one out of every nine individuals between the ages of 21 and 65 will acquire some sort of illness or injury that will result in a disability. It was also discovered that individuals between the ages of 35 and 65 had a one in seven chance of becoming disabled.
Prepare for the Worst
Acquiring medical practitioner disability insurance is a smart decision. It would be a shame to spend years learning how to take care of other people only to be unable to take care of oneself. This type of insurance will enable medical practitioners to survive financially if they acquire a disability that prevents them from earning money.