Life is uncertain. We never know when we might hit rock bottom. In the blink of an eye, everything we take for granted—our health, our career, our ability to provide for our loved ones—can be jeopardized. This uncertainty is particularly pressing for physicians and medical professionals who, despite their expertise in health, are not immune to life’s unpredictable challenges. This is why disability insurance is a critical component of financial planning for those in the medical field. It provides a layer of security, ensuring that even if your ability to work is compromised, your financial health remains intact.
While life’s uncertainties are inevitable, taking steps to protect our financial future is within our control. Disability insurance is an essential tool for medical professionals, providing a cushion against the unpredictable twists and turns of life. Don’t wait for the unforeseen to catch you off guard. Even if you feel healthy right now, waiting to secure disability insurance could put you at risk—now is the time to protect your future.
Donald Kelley is a father, husband, and accomplished Sales Manager and Senior Broker at PearsonRavitz. He is a seasoned expert in the field of disability insurance, with a deep understanding of the unique challenges faced by medical professionals. With years of experience, he has become a trusted advisor for physicians, residents, and fellows, helping them navigate the complexities of securing the right coverage. Donald’s insights are invaluable for anyone in the medical field looking to protect their income and ensure financial stability.
In this episode with Mr. Donald Kelley, we will learn about the intricacies of disability insurance for medical professionals. Mr. Kelley provides valuable insights into the common claims physicians face, the importance of securing insurance early in one’s career, and the distinctions between different types of insurance brokers. Join us as we dive deep into the world of disability insurance and explore how it can safeguard your financial future.
“It can be a really unforgiving position to be in if you’ve put all this time and money into your training and expertise and suddenly you find that you’re not able to do what you’ve been trained to do.” – Mr. Donald Kelley
Topics Covered:
(00:00:34) Introducing our special guest, Mr. Donald Kelley
(00:01:19) Mr. Kelley’s Career Path
(00:04:42) Why is having disability insurance crucial for doctors?
(00:07:05) Early Career Insurance Benefits
(00:10:05) Common resident concerns
(00:11:34) How often do residents make insurance claims?
(00:12:30) Advertisement: Are you prepared for life’s unexpected challenges? Dr. Stephanie Pearson and her team of skilled advisors at Pearson Ravitz are here to help you guard your most valuable asset. Go to https://pearsonravitz.com/ to make sure you are protected today.
(00:13:12) What are some common reasons for physicians to file disability claims?
(00:15:31) Difference between brokers and agents
(00:16:48) Pearson Ravitz’s education-led approach
(00:18:33) Importance planning for family security
(00:20:18) Make informed decision
(00:21:49) Final TimeOut with Mr. Kelley: Why is it important for young and healthy physicians to secure disability insurance now?
Key Takeaways:
“You never know when you’re gonna meet a future boss and colleagues so you just have to really always treat people the best possible.” – Dr. Derrick Burgess
“The younger you are, the healthier you are, the more important it is to get a policy placed because you can get something with as few exclusions and limitations on it as possible.” – Mr. Donald Kelley
“That’s the game of insurance, it’s risk transfer.” – Mr. Donald Kelley
“Most people when they think of a disability, what comes to mind is like a traumatic situation. But a lot of these orthopedic issues that people run into are just related to doing the same types of motions every single day and the wear and tear that it takes on your body.” – Mr. Donald Kelley
“If you’re young and healthy now is when you want to get something in place.” – Mr. Donald Kelley
“If we get the policy place now it guarantees you that any and everything is covered even when you’re making more money in the future.” – Mr. Donald Kelley
Connect with Mr. Donald Kelley:
Website: https://pearsonravitz.com/schedule-with-donald/
Facebook: https://www.facebook.com/brkthesscycle/
LinkedIn: https://www.linkedin.com/in/dc-kelley-04829167/
Connect with Dr. Derrick Burgess:
Website: https://www.drderrickthesportsdr.com/
Instagram: https://www.instagram.com/drderrickthesportsdr/
Facebook: https://www.facebook.com/TimeOut.SportsDr
LinkedIn: https://www.linkedin.com/in/derrick-burgess-72047b246/
YouTube: https://www.youtube.com/channel/UCHGDu1zT4K_X6PnYELu8weg
Email: thesportsdoctr@gmail.com
This episode of TimeOut with the SportsDr. is produced by Podcast VAs Philippines – the team that helps podcasters effectively launch and manage their podcasts, so we don’t have to. Record, share, and repeat! Podcast VAs PH gives me back my time so I can focus on the core functions of my business. Need expert help with your podcast? Go to www.podcastvasph.com.