The Set For Life Blog
Deadline for Graduating Medical Residents Extended–Disability Insurance
If you are a resident or fellow who just graduated in June 2024, there is still time to secure the resident discounted rates for your disability insurance policies. The deadline has been extended to September 30th. What are the benefits of obtaining a policy prior to...
Why CRNAs Should Get Disability Insurance: Safeguarding Your Career and Future
As a Certified Registered Nurse Anesthetist (CRNA), you've dedicated years of rigorous training and education to reach your current professional standing. Your role is critical in the healthcare system, providing anesthesia care to patients before, during, and after...
What is the Best Way to Calculate How Much Life Insurance I Need?
Life insurance is a critical component of financial planning, providing peace of mind that your loved ones will be financially secure in the event of your untimely death. But how do you determine the right amount of life insurance to purchase? Calculating your life...
Can Pro Athletes Get Disability Insurance? Absolutely—Here’s Why They Should
Professional athletes dedicate their lives to excelling in their sports, often starting from a young age and enduring rigorous training regimens. Their careers, although potentially lucrative, are often short and fraught with the risk of injury. This inherent risk...
Why Medical Residents Purchase Disability Insurance Before Graduation
It's graduation season for medical residents and fellows. As most people are aware, this means it is the ideal time to purchase your disability policy. There are several advantages to buying a disability policy while still in residency: Discounts. Resident discounts...
Disability Insurance: Graded to Level Premiums
When you purchase an individual disability policy, some companies offer a graded or level premium. Level premiums are fixed and guaranteed for the full benefit period of a policy which is usually to age 65, 67 or 70. Graded premiums are initially less expensive and...
Disability Insurance Application Process for Medical Residents
If you are a medical resident ready to apply for a disability insurance policy, what is the process? Step 1. Request a quote. Set for Life will create a comprehensive quote comparison of the top available policies in the marketplace with all of the available...
Demystifying Attending Physician Statements for Life and Disability Insurance
When applying for life or disability insurance, you may encounter the term "Attending Physician Statement" (APS). Approximately 60% of the time, an APS is ordered, meaning the underwriters need medical records to asses your risk. This document plays a crucial role in...
Why Is Own Occupation Disability Insurance So Important for Physicians?
If you are a physician shopping around for individual disability insurance, chances are you have heard the phrase "own occupation" definition of disability. But what does that mean? By definition, own occupation says that it will pay you your monthly benefit if you...