A few questions about Disability insurance:
I am a rising second year GI fellow
Current Disability Policy: Total Monthly Indemnity Amount$ =2,500.00 monthly - I pay $37.5/month. Current income ~$4500/month - ~$7500 month when moonlighting is included.
Just received a letter from Guardian my insurer stating my policy has a future increase option giving me the right to buy additional insurance without proving good health (I'm healthy for the record, but it only takes one bad basketball game), I can purchase the entire option now ($7500/month) or can purchase a smaller additional monthly benefit and make additional purchases on future option dates.
Not sure how fellows should approach disability, realistically I don't want to pay more than 75-100/month at this point. Thoughts appreciated.
Happy Father's Day!
I am a rising second year GI fellow
Current Disability Policy: Total Monthly Indemnity Amount$ =2,500.00 monthly - I pay $37.5/month. Current income ~$4500/month - ~$7500 month when moonlighting is included.
Just received a letter from Guardian my insurer stating my policy has a future increase option giving me the right to buy additional insurance without proving good health (I'm healthy for the record, but it only takes one bad basketball game), I can purchase the entire option now ($7500/month) or can purchase a smaller additional monthly benefit and make additional purchases on future option dates.
Not sure how fellows should approach disability, realistically I don't want to pay more than 75-100/month at this point. Thoughts appreciated.
Happy Father's Day!
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