Dr. Kim Harms tells us about how she got into dentistry and the disability that changed the course of her career. She explains why healthcare professionals of all disciplines need to secure the right amount of disability insurance when they’re young.

Learn more about Dr. Harms on her website: https://www.drkimberlyharms.com/about/

Some Highlights From the Transcript:

Young physicians, dentists and other healthcare professionals need to understand that they could develop a disability tomorrow. Even if that disability doesn’t stop them from working today, it will be used as a preexisting condition that disability insurance carriers will exclude from any policy they issue to you in the future. (03:49)
Kim discusses the impact a good career advisor can have on a determined college student. (07:36)
Apparently, you can be a great dentist with seven fingers! (08:15)
Kim discusses not buying insurance early because it was expensive (08:40)
Disabilities can come suddenly and unexpectedly. (10:12)
Business overhead expense insurance is a great idea for small practices. (12:49)
Most young dentists understand that it’s important to get disability insurance early, but some feel invincible and balk at the associated cost. (23:41)
When Kim’s husband passed away, his life insurance policy made a huge impact on her life. (25:45)
Make sure your broker who understands the difference between pre-tax and post-tax benefits. (29:49)
Some group plans will pay disability benefits past normal retirement age. (37:14)
Healthcare professionals would rather work than collect insurance. (41:16)
Make sure you have a contract expert look at your disability policy. If you don’t, you could end up with something that doesn’t suit your needs. (43:08)

James Leary - Co-Founder at OneProtection

The Broker Advisor PodcastBy MGISFeb 13, 2023