As a Medical Resident or Fellow, you may now obtain Individual Disability Insurance coverage through Guardian on a discounted basis (up to 30% discount).
A definition of total disability explicitly designed for medical doctors and includes specialty language. This is some of the strongest, most flexible protection you can get to protect your income — this is not available anywhere else in the industry!
Disability insurance for doctors is based on your medical history. Applying for a policy requires you to answer a medical questionnaire and have your medical records reviewed. Obtaining a policy before a potential medical condition prevents you from doing so is wise. Also, remember you will never be younger than you are today, and the price is dictated by age and health!
As a medical resident, you are automatically eligible for a minimum of $5,000 monthly tax-free benefits and $7,500 tax-free benefits as a medical fellow.
Guardian's enhanced medical true own-occupation definition starts with our specialty-specific True Own-Occupation definition of Total Disability. If totally disabled, it gives a doctor the flexibility to be gainfully employed, sometimes even in their own practice, and still receive total disability benefits.
We’ll consider you totally disabled if more than 50% of your income is from:
If you require additional information or would like to discuss your options in detail, feel free to call (And rest assured, we will never sell your personal info.)
Andrew Altenbach, CFP®, CExP™, RICP®
Matthew Berard