Advice on disability insurance

[beamrad]

Hi all,
Need help with disability insurance. I am in my second year as an attending physician and currently have a DI that I purchased as a fellow from Guardian, for 7500 coverage with 320 monthly premium. Currently, I am eligible to exercise my future increase option and I got a quote of additional premium of 110 per month for a total coverage of 10000( I.e total premium of 430). Currently, both I and my wife are working as physicians. I am debating whether to buy into the additional coverage or to just keep the coverage I have. I am questioning if the additional premium is worth it for the added coverage?

Any help is greatly appreciated .

[sourshoes]

If you buy it, and never use it, you made a mistake. If you don't buy it, and end up getting disabled, you made a mistake. Which of those mistakes would you rather make?

[Scott at MD Financial Services]

Seems expensive, most contracts for you being 2 years as attending should cost about $25 + or so per month per $1k of benefit thus about $250 or so for $10k not $320+$110 per month.

[Tim]

Did you consider requoting?
Worth it? Insure what you and spouse need, second income is a safety net, not a standard of living (definitely a downside).

[childay]

2 physician household, I wouldn't worry about it