What is the last date that graduating medical residents can purchase a policy in 2024?
The deadline is September 30, 2024.
There are several advantages of purchasing an individual disablity policy while still maintaining your medical resident status:
- Discounts. Discounts range from 10-15%. Once there is a discount on the policy, it is permanent and applies to all future increases.
- No labs necessary. If you apply while in residency, you do not need to complete a paramedical exam regardless of the amount of benefit you are applying for.
- You can automatically purchase up to $7500/month without proof of income. If you have a contract for your new job, you may also apply for a larger benefit amount without labs.
- GSI Guaranteed Standard Issue at select hospitals. This allows you to purchase a policy without any medical questions.
For more information about disability insurance for medical residents or to request a quote, contact Set for Life Insurance today!