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How to Safeguard Your Medical Career with the Right Insurance Policies | Ep. 11
Join 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode, join me, Dr. Bi Mian, and Roger Wheelahan, a financial advisor with over 25 years of experience helping individuals and businesses with succession planning, risk management, and retirement strategies.
Roger shares the major distinctions between income protection and other types of insurance, why many medical professionals overlook reviewing their policies, and how these oversights could lead to financial vulnerability.
He also explains the impact of factors like BMI and lifestyle habits on insurance premiums, the nuances of structuring life insurance inside versus outside of superannuation, and why owning insurance early can save you thousands in the long run.
If you want to build a comprehensive financial safety net tailored to doctors' unique risks and responsibilities, then make sure to listen to this episode!
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SHOW NOTES LINKS
https://ifdgroup.com.au/
https://doctorbi.com.au/
https://au.linkedin.com/in/mian-bi
Roger Wheelahan’s Links
https://www.linkedin.com/in/roger-wheelahan-8ba53149/
https://smartstartfs.com.au/
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LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
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FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
-----
TIME STAMPS
00:00 Intro
01:06 Risk Insurance
06:48 Total Permanent Disability
09:42 Income Protection
13:21 Misconception of Level Insurance and Stepped Insurance/Exlusions
27:07 Female rates vs Male rates in Risks
30:00 Putting Life Insurance in Super
34:33 When do people need Life Insurance?
36:53 Conclusion
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
View all episodes
By Investing4DoctorsJoin 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
-----
In this episode, join me, Dr. Bi Mian, and Roger Wheelahan, a financial advisor with over 25 years of experience helping individuals and businesses with succession planning, risk management, and retirement strategies.
Roger shares the major distinctions between income protection and other types of insurance, why many medical professionals overlook reviewing their policies, and how these oversights could lead to financial vulnerability.
He also explains the impact of factors like BMI and lifestyle habits on insurance premiums, the nuances of structuring life insurance inside versus outside of superannuation, and why owning insurance early can save you thousands in the long run.
If you want to build a comprehensive financial safety net tailored to doctors' unique risks and responsibilities, then make sure to listen to this episode!
-----
SHOW NOTES LINKS
https://ifdgroup.com.au/
https://doctorbi.com.au/
https://au.linkedin.com/in/mian-bi
Roger Wheelahan’s Links
https://www.linkedin.com/in/roger-wheelahan-8ba53149/
https://smartstartfs.com.au/
-----
LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
-----
FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
-----
TIME STAMPS
00:00 Intro
01:06 Risk Insurance
06:48 Total Permanent Disability
09:42 Income Protection
13:21 Misconception of Level Insurance and Stepped Insurance/Exlusions
27:07 Female rates vs Male rates in Risks
30:00 Putting Life Insurance in Super
34:33 When do people need Life Insurance?
36:53 Conclusion
-----
DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.