As a resident physician, you have already invested a lot of time and work toward becoming a professional doctor. It is important that you protect that investment and ensure a more secure financial future for you and your family at this crucial point in your career. The steps needed to provide that desired level of security should be taken now.

Here are some ways that Cornerstone Wealth Management can work with you to help protect your investment and work right now towards a stronger financial future at the same time. Consider the following options.

Disability Insurance

It is very important to provide for a better future with physicians disability insurance. This necessary insurance protects your hard-earned income in the event of an accident that might prevent you from ever being able to work again. While accidents cannot be foreseen, foresight can enable you to be ready if it should occur.

Starting early with income insurance means even lower rates because they are based on your age. Special rates can be given for resident doctors which will continue into the early years of your medical practice. Disability insurance for doctors has rates that are guaranteed until the age of 65, when purchased from the right companies.

Another option for a lower rate is called graded premium disability insurance. On this type of doctor’s insurance plan, the premiums start low and then slowly increase. It also has guaranteed convertibility up until age 45.

Residents are able to get up to $3,500 per month income coverage regardless of their current income. An agreement with a future employer will enable more disability insurance to be purchased, if it should be needed.

Financial Planning

Cornerstone Wealth Management provides you with a full range of financial services to meet your every need. As financial advisers and coaches, we want to work with you to understand and then enable you to reach your financial goals. Most importantly, we maintain your discipline.  We are able to provide you with all your financial needs, which includes:

• Insurance – Personal and Business
• Business Planning – when you are ready for it
• Cash Flow and Debt Elimination
• Investments and Savings
• Education Savings Plans
• Asset Management
• Estate Planning
• Access to All Your Financial Information – updated daily.

It is our goal to work with you to provide you with the financial strategies and advice you need to set and achieve your financial goals for yourself, your business, and for your family. We start out by sitting down with you and let you tell us what your goals are. Then, we draw up a carefully designed financial plan whereby you can start reaching toward those goals.

At that time, it is entirely up to you how you want to proceed. Implementing that plan will require a financial commitment on your part to let Cornerstone Wealth Management become your financial advisors and financial managers.