EP453 - Disability and Life Insurance: What Physicians Need to Know with

Thriving in Medicine: The Physician's Guide to Doctoring

This episode is sponsored by: Set For Life Insurance

Set For Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at https://www.doctorpodcastnetwork.co/setforlife

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What happens if an injury or illness stops you from practicing medicine? In this episode, Dr. Bradley Block sits down with Jamie Fleischner to explore how physicians can protect their financial stability with disability and life insurance. With over 30 years of experience, Jamie shares actionable insights for mid-career doctors reassessing their coverage, from navigating group policies to calculating life insurance needs for a non-breadwinner spouse. They discuss when to update policies (hint: every major life event), the pitfalls of relying solely on group coverage, and strategies to optimize premiums without sacrificing security. Whether you’re a resident or nearing retirement, this episode offers practical steps to ensure your income and family are safe no matter what life throws at you.

Three Actionable Takeaways:

1. Reassess Every Three Years or After Life Events: Review your disability and life insurance at least every three years or after major changes like marriage, kids, or a new job to ensure coverage matches your current needs.
2. Supplement Group Policies: Add an individual disability policy for portability and “own occupation” protection—group plans often cap benefits and don’t cover specialty-specific disabilities.
3. Calculate Life Insurance: For a spouse, estimate monthly replacement costs (e.g., childcare, household help)—$1 million in coverage yields about $4,000/month—and set the term until kids are independent.

About the Show:

The Physician’s Guide to Doctoring covers patient interactions, burnout, career growth, personal finance, and more. If you're tired of dull medical lectures, tune in for real-world lessons we should have learned in med school!

About the Guest:

Jamie Fleischner is the founder and president of Set for Life Insurance, a company dedicated to helping physicians secure disability and life insurance since 1993. With over 30 years of experience, she has worked with more than 30,000 doctors across the country, offering tailored solutions like Guaranteed Standard Issue (GSI) disability insurance. Inspired by her personal experience caring for her mother during a double lung transplant, Jamie is passionate about ensuring physicians protect their income and financial stability.

• Set for Life : https://www.setforlifeinsurance.com/

About the Host:

Dr. Bradley Block is a board-certified otolaryngologist at ENT and Allergy Associates in Garden City, NY. He specializes in adult and pediatric ENT, with interests in sinusitis and obstructive sleep apnea. Dr. Block also hosts The Physician’s Guide to Doctoring podcast, focusing on personal and professional development for physicians

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Want to be a guest?

Email Brad at [email protected] or visit www.physiciansguidetodoctoring.com to learn more!

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Disclaimer:

This podcast is for informational purposes only and is not a substitute for professional medical, financial, or legal advice. Always consult a qualified professional for personalized guidance.