Your career as a physician is a direct result of hard work and a substantial investment of time and money. Doesn’t it make sense to fully protect it? A disability could render you helpless by taking away the one thing that you need to safeguard all of your assets: your income*.

How can I insure against loss of income?

If you were disabled and unable to work as a result of an accident or illness, what would you and your family do for income?

Disability income insurance can replace a portion of your lost income. Forty-three percent of all people age 40 will have a long-term (lasting 90 days or more) disability event by age 65.


There are three basic ways to replace income:

Employer-paid disability insurance

Most employers provide some short-term sick leave. Many larger employers provide long-term disability coverage as well, typically with benefits of up to 60 percent of salary lasting from five years to age 65, and in some cases extended for life.

Social Security disability benefits

This can be paid to workers whose disability is expected to last at least 12 months and is so severe that no gainful employment can be performed.**

Individual disability income insurance policies

For most workers, even those with some employer-paid coverage, an individual disability income policy is the best way to ensure adequate income in the event of disability. When you buy a an individual disability income policy, you can expect to replace from 50% to 70% of income. Insurers won’t replace all your income because they want you to have an incentive to return to work. However, when you pay the premiums yourself, disability benefits are not taxed. (Benefits from employer-paid policies are subject to income tax.)

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Ryan E. Riggs is a Registered Representative of Park Avenue Securities, LLC (PAS). Securities products/services and advisory services are offered through PAS, a registered broker/dealer and investment advisor. Field Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian. Physician Financial Security Group, LLC is not an affiliate or subsidiary of PAS or Guardian. PAS is a member FINRA, SIPC.

The Information on this site is intended for the residents of VA, MD, NC, FL, NY. The financial representatives of Physician Financial Security Group, LLC are not licensed to sell insurance in all 50 states. To find out if an agent is licensed in your state, please contact Ryan Riggs at 866-319-9697.


The information or opinions contained in the Internet site should not be construed by any consumer and/or prospective client as an offer to sell or the solicitition of an offer to buy any particular investment product. The information contained herein is directed solely to those individuals who reside in jurisdictions in which the representative is registered in the state where the consumer and/or prospective client reside. Any subsequent direct communication with a consumer and/or prospective client shall on be conducted by a representative that is registered in the state where the consumer and/or prospective client resides. 

Neither Park Avenue Securities, Guardian, nor their representatives render legal or tax advice. Please consult with your attorney, accountant, and/or tax advisor for advice concerning your particular circumstances. 

*Disability Income products are underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY or provided by Guardian. Product provisions and features may vary from state to state.

**Please contact the Social Security Administration for complete details concerning eligibility for benefits