3 minute read
You have a lot of things to worry about when it comes to your residency or fellowship, but one piece you don't want is not being able to work and make money.
Disability insurance can help protect you financially in the case that something happens and prevents you from working- whether due to injury, illness, disease, or accident.
And luckily for all doctors who are just starting out their careers during this time period where training programs give great discounts on disability coverage!
Discounts are a great way to lower your cost of disability insurance. These discounts range from 10%-40% depending on your scenario. The good news is that these discounts remain with you throughout your entire career.
This is why it is so important to take care of this now! So, if you've been putting off getting your insurance policy because it seems too expensive, now is the best time to do so… because these discounts do have an expiration date.
HOWEVER, there are grace periods for policies that extend 180 days post-graduation date. Applying past the grace period can leave you with a dramatic increase in price!
Each company has different grace period end dates, listed below:
Ohio National: 180 Days Post Graduation
Principal: 90 Days Post Graduation
Guardian: 180 Days Post Graduation
Standard: 180 Days Post Graduation
Ameritas: 180 Days Post Graduation
Mass Mutual: 90 Days Post Graduation
To secure your training program discount you need to submit an application to the insurance company before the end of that grace period date, i.e. September 28th for Principal and Mass Mutual then December 27th for Ohio National, Guardian, Standard, and Ameritas.
We understand that disability insurance is complicated and comparing all of your options while you are in the midst of moving, switching careers, and managing your personal life can be stressful. You should be able to go through life without having to worry about whether or not you'll still get paid if something happens.
We've helped thousands of residents and fellows throughout the years find their best-discounted rates on Disability Insurance so they could enjoy peace during these exciting times!
Our process is not only simple and free but can save you money since you’ll get the best possible rate on disability insurance.
If you are ready to lock in your discounted policy, fill out a quote request today!