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 vary between 10 and 20%. By purchasing a policy while still in training, you may capture the discount on your initial policy and future policies as well.
• Ease of underwriting. Many companies will waive the requirement of labs or paramedical exams (blood and urine tests) for medical residents and fellows.
• Guaranteed Standard Issue policies available. At select hospitals, you may be able to obtain a policy with no medical questions if purchased prior to graduation.

Some companies have extended the deadline for graduating residents to September 30th.

Other considerations:
Graduating residents may purchase up to $7500/month benefit regardless of income or post graduation plans.
Look for an own occupatoin policy that covers you in your medical specialty.
Work with a company like Set for Life Insurance that will shop around to find you the best rates.

For more information, contact Set for Life Insurance today!