May 27
2020
Opportunities and Changes For Doctors with COVID-19
It is clear that there have been some massive changes throughout our country with the recent events that are happening in our country and throughout the world. These changes are having a direct impact on every industry and hitting every company which is why we wanted to take a moment to respond to these events and how they are affecting you, your policies, and our company.
We first want to extend our thanks to all of the health care professionals around the world who are on the front lines battling this disease. We value your courage and are thankful for your service. Unfortunately, something like this forces us to see our mortality and makes insurance needs a bit more important.
Overview
- Changes with How Doctors Research and Buy Disability & Life Insurance
- Changes that Insurance Companies have made for Life & Disability Insurance
- Opportunities & Advantages that are Available for Doctors
- How will this Affect You as a Doctor
Changes to Research and Buying Disability and Life Insurance for Doctors
A lot has changed a lot of how we research and buy everything. Amazon’s very busy this time. In fact they come to my neighborhood almost every day, it’s incredible. Due to these changes and social distancing guidelines, a lot of traditional advisors who meet with clients face to face to close their doors because they don’t have the capacity or the ability to do things online. Now, you’re finding fewer and fewer advisors out there who can actually help you to research and buy disability and life insurance.
Another major change we’ve seen is many educational events being canceled, things like lunch and learns or the types of educational sessions you might have there and your program, even dinners and things like that sponsored by financial planners. A lot of these things are obviously going by the wayside because you can’t really do that anymore. This is taking away some of the opportunities you have to learn about these important financial decisions you have to make.
Your opportunities to learn and to have someone help you on these decisions are becoming fewer and far between. You have to be able to understand that online is a great place to shop and compare quotes for disability and life insurance, but you have to be particularly savvy at it. There are people online who tried to persuade doctors by the wrong kind of policies, whether intentionally or unintentionally. There are probably people who are actually trying to get into online sales of these types of products who maybe shouldn’t be there. It is important to be careful that you’re with someone who can really do a good job educating you and helping you take care of things online.
The main things to look for when shopping online for insurance are:
An independent broker
A broker is someone who isn’t a representative of any one company. They’re independent of any company insurance company, they’re kind of between you and the insurance company are coming to advocate for you. They will help you to shop and compare and do it in an unbiased way.