I'm trying to figure out how much money the insurance companies make off of doctors.
Personally, I've never heard of docs ever having to use it over their entire careers.
$2000/month is what I hear people pay for same specialty coverage, kicks in at 6 months of disability, no maximums.
$2000/month, over 30 years = $720,000.
Invested at 6%, it would be worth $2,000,000 after 30 years.
At what age do people stop paying their premiums?
As a correlary, do people still buy life insurance? What percentage of young docs ever have to use it? 0.001%?
Personally, I've never heard of docs ever having to use it over their entire careers.
$2000/month is what I hear people pay for same specialty coverage, kicks in at 6 months of disability, no maximums.
$2000/month, over 30 years = $720,000.
Invested at 6%, it would be worth $2,000,000 after 30 years.
At what age do people stop paying their premiums?
As a correlary, do people still buy life insurance? What percentage of young docs ever have to use it? 0.001%?