Residents and Fellows

Normally when we are discussing disability insurance, we talk about the need for it and tell people how 90% of long-term disabilities are illness claims. In the medical field you see the need for this product every day, and odds are you have had several lunch-n-learns were the topic of protecting your future earnings potential with a resident physician disability insurance policy has already come up.

Why should I consider buying disability insurance now?

• Cost - Non-cancelable disability income policies fix their prices for the life of the contract, you are never going to get a rate increase down the line unexpectedly. If you are 30 now, you would want to pay the rates of a 30-year-old for the next 35 years instead of paying the rates of a 31-year-old for the next 34 years. You will likely save a bunch of money over time by locking in your rates at your current age.

• Health - Generally, you are never going to be healthier in the eyes of an insurance company underwriter than you are today. You may not think that anti-anxiety medication you decide to take next year means anything, or that chiropractic visit was relevant, but to a disability insurance company that could result in a back exclusion or mental/nervous exclusion. As time goes on you have more medical issues that could result in exclusion limitations, extra ratings, or even prevent you from getting a policy. There is no better time than right now.

• Resident Discount - There are a lot of schools and hospitals where discounts are available, and we have a very large list to choose from to make sure you pay the lowest rate possible for your policy.