CRNA
Disability Insurance

Some CRNAs are affiliated with a hospital. If so, look for disability insurance discounts available exclusively through Set for Life. For women, these unisex rates can save you up to 55% on your premiums. If you ever leave your discounted employer, the discounted rates stay with you even if you increase your policy in the future. For men, the discounts are approximately 15%.

If you are independent, you may need to purchase your own individual disability policy. If you would like the benefits to be payable to you non taxable, be sure to pay the premiums from a personal checking account and do NOT deduct the premiums from your taxes. The advantage of carrying an individual disability policy is that it is portable and can go with you wherever your career takes you. There is no offsetting available amount because of a large group disability policy.

Many CRNAs consider their association plan. While the premiums may be less expensive when you are younger, they rise with age. Consider purchasing an individual policy that is non cancelable, guaranteed renewable. This locks in your rate until age 65 and disallows the company from ever modifying or changing your premium.

For more information about disability insurance for CRNA Nurse Anesthetists, please contact the Set for Life Insurance office today to request a comprehensive quote comparison personalized just for you.

As a CRNA, it may be beneficial to look for your own individual disability policy. This would allow you to protect your income throughout your career, even if you change employers, have a change in health or if you move to another state. Having portable protection that is flexible is key.

If you are a CRNA student, you may be eligible to purchase a policy even before you have your first job. This would allow you to secure a policy to protect your future income even if you have an adverse change in health. Additionally, if you are affiliated with one of the Set for Life discounted institutions, you can lock in your rates. The discount would even apply to future increases! If you are a female CRNA, this could save you approximately 55%!

CRNAs, like physicians and other medical professionals, should look for in an individual disability insurance policy with specific policy provisions.

When you purchase a policy, each company classifies your medical specialty into an occupational class to determine rates. The higher risk specialties, such as surgery, anesthesiology and emergency medicine are in a separate (typically more expensive class) than less risky specialties such as internal medicine and general pediatrics. It is important to note that the policy is based on the occupational class at the time of application but will base the claim on your occupation at the time of claim. If you are currently in a less risky specialty but are moving on to a riskier specialty (example: internal medicine moving to cardiology), you may want to consider purchasing your policy prior to making your change to lock in the more favorable rates.

As a specialist, you know the importance of working with someone who specializes in their niche industry. Contact Set for Life Insurance today to help you protect your hands, your dreams, your income and your future!