Everything you need know about medical student disability insurance and how to find the best and most affordable medical and dental student disability insurance.
There's no question that medical training is tough. From classrooms to labs, late nights of studying to rotations, there's barely enough time to eat and sleep. But in all the preparing for a future in medicine, between all the altruistic dreams, it's important to keep hold of reality, and to remember that your career comes with some major strings attached.
You may be heading off into the profession with big goals and big dreams, but you may also be carrying some big debts. And while it's critical to save as much money as you can to pay off your debts quickly, it's also important to put some thought into your future finances, and how your life as a physician would change if you yourself had a disabling illness or injury.
Like other insurance coverage that protects your life or your automobile, disability insurance protects your ability to earn a living, and that's critical when you've spent a lot of years and a lot of money training to be a physician. Purchasing a policy while you're still in medical school protects you now AND in the future, and can save you money in the process.
Because most medical students are not generating any income while in school, they are particularly vulnerable to the effects of a disability. That's why The Association of American Medical Colleges (AAMC) believes that schools should not only provide access to medical student disability insurance policies, but also should require students to have such policies in effect as a condition of enrollment.
In addition to the benefits of owning a disability insurance policy, there are many advantages to purchasing a medical student disability policy sooner rather than later:
- Because premiums are based on age, the younger a person is when the policy is purchased, the less expensive the policy will be
- Premiums are also affected by an individual's health status. Buying a policy when you're young and healthy is always a better idea than waiting until a problem comes up!
- Once a policy is issued, the policy benefits can be increase in the future regardless of changes in your health status. It's up to you, med student! We'll do research, you ask questions and get the right policy so that you can put your mind at ease and concentrate on getting that white coat!
At BeamaLife, we specialize in helping you reach your goals and protect your dreams. Please call (866) 972-3262 to speak with an experience disability income insurance specialist to learn more about disability insurance and the best & most affordable rate quotes or complete the Disability Income Insurance Quotes request now.
