Insurance is the practice of sharing risk. The classic example is fire insurance. Everybody in town pays a little so that the one person whose house burns down receives a sum of money to replace it. There is always a cost to insurance. Since an insurance company has expenses, including profit, the amount an insurance company pays out in benefits can never equal—much less exceed—the sum of the premiums an insurance company collects. Thus, insurance is a losing proposition. On average, you will lose money buying insurance. But in some aspects of your financial life, having a bad event occur—even a rare one—is so terrible that it is worth paying a price to avoid it. For a typical doctor or another high-income professional, two of the biggest financial catastrophes worth insuring against are disability and life.The White Coat Investor is paid for making introductions to insurance agents. Insurance is complicated. You are responsible for researching, evaluating, and conducting your own due diligence on any agent and company with whom you transact business and on making sure you purchase the right policy for your situation. If you choose to purchase an insurance policy from any agent listed on any of our websites, White Coat Insurance Services, LLC may be named as an agent on the policy and be paid a portion of the commissions on your purchase.
What type of insurance are you interested in?
Disability Insurance for Physicians
The greatest financial risk for physicians is losing the ability to turn the knowledge and skills they spent a decade learning into a huge pile of money by working in their profession for decades.
One of the most common of these risks is an extended or even permanent disability. Insurance companies estimate that as many as one in four doctors will be disabled at some point during their career, which is why disability insurance is critical to your financial plan. Learn more about disability insurance here.
Get a Disability Insurance Quote
Protect your biggest asset, your income.
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Important Medical Notice for Disability Insurance Applicants
WCI does not ask medical questions. However, when applying for disability insurance, please be aware that you will be asked to provide information by our vetted insurance partners regarding your medical history over the last 10 years. This includes any diagnoses, hospitalizations, surgeries, medications, and treatments for chronic conditions or mental health issues.
Accurate and complete disclosure is essential to avoid unnecessary declines and ensure your application is processed effectively. This information helps us match you with the appropriate coverage and provider, increasing the likelihood of a successful application.
Ready to get coverage in place today? They will be in touch soon or you can reach out to them directly.
What to Know About Disability
- 1 in 7 physicians end up having to use their disability insurance.
- Residents physicians typically buy a $5,000 per month benefit and attendings a benefit in the $10,000-$15,000 per month range.
- A typical policy purchased early in your career will cost between $200-$600 per month.
- Losing the ability to turn the knowledge and skills you spent a decade learning into a pile of money by working in your profession for decades is one of the most expensive risks that physicians face.
- Insure well!
Learn More About Disability Insurance
How Much Disability Insurance Should You Buy?What Disability Insurance Riders Do Doctors Need to Buy?
How to Buy Disability Insurance
Disability Insurance for Physician Couples
Why Doctors Need Own Occupation Disability Insurance Policies
Life Insurance for Physicians
The purpose of life insurance is to eliminate the financial consequences of your death. Doctors should buy the cheapest long-term, level-premium term life insurance policy they can. Learn more about life insurance here.
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Doc Insure LLC
You can get cheap term life insurance anywhere, so how do you know where to get it and who can best help you to make the best choice? Life insurance is not just about price and there are several other key factors to getting the policy that best fits your needs and can protect you and your loved one's as your needs change. At Doc Insure, founder Matthew Wiggins brings his nearly 20 years of experience of educating and working with over 15,000 doctors to cater recommendations to you personally, based on more factors than just price. Get your term life insurance done right, the first time through Doc Insure!
Request your quotes today!
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Doc Insure LLC
You can get cheap term life insurance anywhere, so how do you know where to get it and who can best help you to make the best choice? Life insurance is not just about price and there are several other key factors to getting the policy that best fits your needs and can protect you and your loved one's as your needs change. At Doc Insure, founder Matthew Wiggins brings his nearly 20 years of experience of educating and working with over 15,000 doctors to cater recommendations to you personally, based on more factors than just price. Get your term life insurance done right, the first time through Doc Insure!
Request your quotes today!
See Details
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Insuring Income
We focus on two things, term life insurance & own occupation disability insurance, and we would like to put that specialization to work for you. We have helped hundreds of physicians and white collar professionals lock in high-quality term life insurance to provide for their families, business partners, and those they hold dear. And, without any “whole life” noise, not our style.
As independent brokers, we work with all the major life insurance carriers that are A rated or higher by AM Best®. We will help you develop a term. or laddered term, life insurance solution that provides for those you care about and ensures you are not spending more money than you need to for the protection you want. Our instant quote tool is available at our site and requires no personal information to start your price research. Or, please reach out to us directly for a free consultation.
See Details
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Insuring Income
We focus on two things, term life insurance & own occupation disability insurance, and we would like to put that specialization to work for you. We have helped hundreds of physicians and white collar professionals lock in high-quality term life insurance to provide for their families, business partners, and those they hold dear. And, without any “whole life” noise, not our style.
As independent brokers, we work with all the major life insurance carriers that are A rated or higher by AM Best®. We will help you develop a term. or laddered term, life insurance solution that provides for those you care about and ensures you are not spending more money than you need to for the protection you want. Our instant quote tool is available at our site and requires no personal information to start your price research. Or, please reach out to us directly for a free consultation.
See Details
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Jeffrey Benowitz CLU, ChFC
In my 30-year career, I have assisted clients in implementing life insurance death benefits exceeding $1,200,000,000. With extensive expertise in the life insurance space, I can access insurance companies that align with your needs and budget. I am committed to educating you on the appropriate insurance amount, determined by assessing your human life economic value. Together, we will establish the optimal timeframe for your insurance and assess if any policy riders are suitable. I look forward to collaborating with you to secure the future for both you and your family.
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Jeffrey Benowitz CLU, ChFC
In my 30-year career, I have assisted clients in implementing life insurance death benefits exceeding $1,200,000,000. With extensive expertise in the life insurance space, I can access insurance companies that align with your needs and budget. I am committed to educating you on the appropriate insurance amount, determined by assessing your human life economic value. Together, we will establish the optimal timeframe for your insurance and assess if any policy riders are suitable. I look forward to collaborating with you to secure the future for both you and your family.
See Details
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Well-Being Insurance Strategies
Providing tailored life insurance and disability insurance solutions designed to protect the unique financial risks faced by doctors. With over 20 years of experience working with medical professionals, we are a trusted ally in guarding their financial future. We are here to help ensure that you and your family are supported through life’s unexpected moments.
Dustin Peltier, President of Well-Being Wealth Strategies, is a Financial Advisor and CERTIFIED FINANCIAL PLANNER who excels in educating his clients, simplifying options, and allowing them to make decisions that best align with their personal and professional goals throughout each stage of their careers.
See Details
[email protected]
Well-Being Insurance Strategies
Providing tailored life insurance and disability insurance solutions designed to protect the unique financial risks faced by doctors. With over 20 years of experience working with medical professionals, we are a trusted ally in guarding their financial future. We are here to help ensure that you and your family are supported through life’s unexpected moments.
Dustin Peltier, President of Well-Being Wealth Strategies, is a Financial Advisor and CERTIFIED FINANCIAL PLANNER who excels in educating his clients, simplifying options, and allowing them to make decisions that best align with their personal and professional goals throughout each stage of their careers.
See DetailsMedical Malpractice Insurance
Medical malpractice is a subject that many doctors spend a lot of time thinking about. Professional liability insurance, or medical malpractice insurance, protects physicians and dentists against the financial catastrophe of losing a lawsuit or having to settle a lawsuit due to committing medical malpractice. This is likely the most expensive insurance policy you will ever buy, and physicians in some locations and specialties have spent over $100,000 a year on malpractice premiums alone.
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The Doctor's Consultant
You’ve worked hard to build your reputation, and it’s important to make sure it’s protected by the right coverage. With so many frivolous lawsuits on the rise, one of the most important provisions of a malpractice insurance policy is the “no hammer clause” and the “pure consent to settle”. This means that even if the patient agrees to settle, the insurance company doesn’t settle unless the doctor consents to it. Many insurance companies that don't have this language will automatically settle a claim without your consent, report it to the dental board, causing potential harm to your reputation and license.
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The Doctor's Consultant
You’ve worked hard to build your reputation, and it’s important to make sure it’s protected by the right coverage. With so many frivolous lawsuits on the rise, one of the most important provisions of a malpractice insurance policy is the “no hammer clause” and the “pure consent to settle”. This means that even if the patient agrees to settle, the insurance company doesn’t settle unless the doctor consents to it. Many insurance companies that don't have this language will automatically settle a claim without your consent, report it to the dental board, causing potential harm to your reputation and license.
Umbrella Insurance
Umbrella insurance is a type of insurance that goes above the limits and coverages of any of your other insurance policies. If you have a claim against your car insurance or your homeowner's insurance, that policy will only cover you up to a certain limit. If you don't have an umbrella insurance policy, you will have to pay for any extra amount that you owe—which can be quite costly, especially if you have a high net worth and lots of assets. An umbrella policy can help protect your assets in these situations, and it is usually very reasonably priced. Learn more about umbrella insurance here.
Farmers Insurance Choice
White Coat Investor physicians have access to Farmers Insurance Choice®, a platform that can be used to compare auto, home, condo, and renter’s insurance from a variety of carriers. Quotes can also be obtained for motorcycles, boats, RVs, and umbrella insurance. Most policies available through the program are customizable to fit a physician’s particular needs.
Farmers GroupSelect® reports that customers who switched saved an average of $776* when buying both auto and home insurance. There are also savings for good drivers and for bundling auto and home policies.
For quotes on discounted home and auto insurance from several carriers, physicians can call the Farmers Insurance Choice line at 888-805-2001 to learn more.
Farmers Insurance Choice
White Coat Investor physicians have access to Farmers Insurance Choice®, a platform that can be used to compare auto, home, condo, and renter’s insurance from a variety of carriers. Quotes can also be obtained for motorcycles, boats, RVs, and umbrella insurance. Most policies available through the program are customizable to fit a physician’s particular needs.
Farmers GroupSelect® reports that customers who switched saved an average of $776* when buying both auto and home insurance. There are also savings for good drivers and for bundling auto and home policies.
For quotes on discounted home and auto insurance from several carriers, physicians can call the Farmers Insurance Choice line at 888-805-2001 to learn more.
Homeowners and Renters Insurance
If you own property, you need homeowners insurance, and while it's not legally mandated, you absolutely should buy some to protect you and your family against financial disaster. Renters insurance is a smart move to protect your belongings if you don’t own the place where you live—it also provides liability coverage.
Farmers Insurance Choice
White Coat Investor physicians have access to Farmers Insurance Choice®, a platform that can be used to compare auto, home, condo, and renter’s insurance from a variety of carriers. Quotes can also be obtained for motorcycles, boats, RVs, and umbrella insurance. Most policies available through the program are customizable to fit a physician’s particular needs.
Farmers GroupSelect® reports that customers who switched saved an average of $776* when buying both auto and home insurance. There are also savings for good drivers and for bundling auto and home policies.
For quotes on discounted home and auto insurance from several carriers, physicians can call the Farmers Insurance Choice line at 888-805-2001 to learn more.
Farmers Insurance Choice
White Coat Investor physicians have access to Farmers Insurance Choice®, a platform that can be used to compare auto, home, condo, and renter’s insurance from a variety of carriers. Quotes can also be obtained for motorcycles, boats, RVs, and umbrella insurance. Most policies available through the program are customizable to fit a physician’s particular needs.
Farmers GroupSelect® reports that customers who switched saved an average of $776* when buying both auto and home insurance. There are also savings for good drivers and for bundling auto and home policies.
For quotes on discounted home and auto insurance from several carriers, physicians can call the Farmers Insurance Choice line at 888-805-2001 to learn more.
Auto Insurance
Your car is a major liability, making adequate auto insurance coverage essential. Minimum state-required coverage often isn’t enough, especially for physicians. To protect yourself, consider adding comprehensive, collision, and uninsured motorist coverage along with higher liability limits.
Farmers Insurance Choice
White Coat Investor physicians have access to Farmers Insurance Choice®, a platform that can be used to compare auto, home, condo, and renter’s insurance from a variety of carriers. Quotes can also be obtained for motorcycles, boats, RVs, and umbrella insurance. Most policies available through the program are customizable to fit a physician’s particular needs.
Farmers GroupSelect® reports that customers who switched saved an average of $776* when buying both auto and home insurance. There are also savings for good drivers and for bundling auto and home policies.
For quotes on discounted home and auto insurance from several carriers, physicians can call the Farmers Insurance Choice line at 888-805-2001 to learn more.
Farmers Insurance Choice
White Coat Investor physicians have access to Farmers Insurance Choice®, a platform that can be used to compare auto, home, condo, and renter’s insurance from a variety of carriers. Quotes can also be obtained for motorcycles, boats, RVs, and umbrella insurance. Most policies available through the program are customizable to fit a physician’s particular needs.
Farmers GroupSelect® reports that customers who switched saved an average of $776* when buying both auto and home insurance. There are also savings for good drivers and for bundling auto and home policies.
For quotes on discounted home and auto insurance from several carriers, physicians can call the Farmers Insurance Choice line at 888-805-2001 to learn more.
*Average nationwide annual savings of new Farmers GroupSelect customers surveyed from 2/1/23, to 9/19/24, who switched to Farmers GroupSelect auto & home insurance policies. Potential savings vary by customer, state, & product.Program provided by Farmers Prop. & Cas. Ins. Co., Economy Fire & Cas. Co., Economy Preferred Ins. Co., Farmers Cas. Ins. Co., Farmers Direct Prop. & Cas. Ins. Co., Farmers Group Prop. & Cas. Ins. Co., & Farmers Lloyds Ins. Co. of Texas, all with offices in Warwick, RI. Licenses at: www.farmers.com/companies/state/. Coverage, rates, discounts, & policy features vary by state & product & are available in most states to the qualified.
Farmers Insurance Choice is used by agents, like Farmers General Ins. Agency, Inc. (CA License #0D25399) to provide a choice of providers, not just Farmers GroupSelect companies. 7509223.1
The White Coat Investor may receive compensation from White Coat Insurance Services, LLC; licensed in all states including MA and DC; CA license #6009217; NY license #1758759( exp. 6/2025); Registered address: 10610 S. Jordan Gateway, #200 South Jordan, UT 84095. This does not affect the cost or coverage of insurance.