Resident Disability Insurance

If you’re in the midst of completing your residency, then congratulations are in order. You’re only a short way from completing your education and becoming a full-fledged physician. However, we also want to share a word of caution. Your income as a resident is responsible for supporting your goals – paying for your education, and likely for supporting your family, as well. If you were to be injured or to become ill and unable to work, it could spell disaster for your plans and for your family’s future. Resident disability insurance can help to mitigate the risks you face.

What Is Resident Disability Insurance?

As a resident, you probably earn between $35,000 and $60,000 per year. If that income were to evaporate due to your inability to work, it could be disastrous. Resident disability insurance is designed to protect you in this instance.

Simply put, this type of insurance is designed to kick in when you have missed a specific amount of work due to injury or illness. It will then pay out a specific percentage of your monthly income that can be used to meet your financial obligations, whether that’s paying for your school loan or additional insurance. Depending on the insurance company, residents and fellows are typically able to purchase $3,500 to $5,000 in coverage per month regardless of your earned income.

Finding the Right Insurance Provider

For most residents, the real challenge with disability insurance is finding the right insurer and the right policy. We can help. We’ve worked with countless medical professionals to help them find the ideal coverage for their needs, and we can do the same for you. We’ll help you compare resident disability insurance companies, policies, coverage areas, rates, and everything in between.

Are you ready to get the protection you need and the peace of mind that you deserve? Call us today at 1-877-221-6198 or use the form on this page to contact us.


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