Disability and Life insurance play a unique role in the financial lives of doctors. As with anyone, insurance provides some protection from financial catastrophe in a worst case scenario. But for doctors, it also helps protect a lifetime of hard work and sacrifice.
Disability insurance provides income replacement in the event of one's disability, for a pre-specified period of time.
Life insurance could serve a few roles in one's life, anything from helping defray final expenses to retirement, estate, and legacy planning.