4 minute read - Important Update
Few things are as important to a physician's career and financial security as disability insurance. Disability insurance is often an overlooked aspect of benefits for physicians, but it shouldn't be!
You probably heard recently “Hey, you should get your disability insurance while you're in training because there are discounts available.” It's not uncommon for people to procrastinate when it comes to getting disability insurance, we know you are busier than ever! So before you think, “Shoot, I totally missed that deadline.” We just want you to know you may still be able to take advantage of a training discount before they expire.
This year the Big 6 Disability Insurance companies have extended a grace period to be able to lock in your training program discounts. Each company has their own time limit as 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.
This is a really big deal because of the magnitude of these training program discounts. These discounts can provide career-long savings that add up quickly over time.
This can end up saving you a large amount over the lifetime of the policy, which is why it is so important to take advantage of those discounts when you are in training!
Again to lock in these discounts you’ll 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 and switching careers is stressful. We've helped thousands of residents and fellows and doctors in general, throughout the years to get their disability insurance at the best-discounted rate.
Here’s how it works
Request Your Quotes
Fill out a simple quote request form and we’ll get your quotes from the Big 6 own-occupation providers.
Compare Your Options (and Discounts)
Once you have completed the quote request, your quotes will come back from each company which allows you to compare your policy options side by side.
With one quick phone call, our experts walk you through your options and help you to determine which riders and features you would want to add in order to make your policy perfect for you.
Buy Your Discounted Policy Risk-Free
After you have made your decision on the company you would like to move forward with, you will complete a short application and we will take it from there.
After you choose which company you want to purchase your policy from, we’ll finish the rest to make sure your income is insured.
Plus, there’s no risk in applying and our entire service is free to you.
This 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!