Disability Income Insurance for Medical Residents and Fellows
Years of intensive training and clinical experience, often along with significant medical school debt, go into building a medical career. Yet a sickness or injury could limit your ability to practice your specialty and affect long-term earnings. Disability income insurance offers monthly income replacement to help manage living expenses and financial obligations if you’re unable to work.
Protect your income
Ameritas offers GSI disability income insurance at many residency programs across the country.
Benefits of effective planning
Our Guaranteed Standard Issue program lets residents apply for coverage without medical underwriting. This gives you a fast and easy way to secure income protection without a lengthy process.
- No medical exams or lab work.
- Short applications with limited health and lifestyle questions.
- Faster approval compared to fully underwritten policies.
- Options to increase coverage later as income grows.
- Program discount on top of competitive premiums.
Why Ameritas for GSI disability income insurance?
Ameritas offers a strong disability income program for residents and fellows.
Top medical specialty classifications
Many specialties are in Ameritas’ highest occupation class, which often leads to better pricing.
Stable, predictable premiums
You can lock in low rates early. Unlike premiums that increase each year, level premiums remain the same and are usually more cost-effective over time.
Built-in policy features only available with Ameritas
Features like Good Health Benefit, Benefit Advancement and COBRA Premium improve your coverage, reward healthy habits, and support you throughout your medical career.
A program designed for residents and fellows
- Specialty-specific, own-occupation protection
- Discounted rates for the program
- Coverage you can take with you after graduation
- Cost-of-Living-Adjustment Rider
Residual Disability Rider
Increase Riders
If you can’t perform the main duties of your specialty, you may still receive full benefits, even if you work in another job.
Offers income protection if you can only work part-time or with limited duties, helping replace lost income during a partial disability.
Options may vary in California.
Residual Disabilities Solutions GuideLets you grow your monthly benefit as your income rises, keeping your original policy terms and offering future purchase options without new medical underwriting, depending on the rider’s terms.
Options may vary in California.
Optional add-ons to boost your protection
You can add extra features to your policy for an additional cost. These options are designed to meet common needs for residents.
Student Loan Repayment Rider
Pays up to $2,500 per month toward your student loans and medical school debt if you have a total or partial disability.
Catastrophic Disability Rider
Provides extra monthly benefits if you can’t do two or more of the six activities of daily living because of a disability, or if you have severe cognitive impairment.
When you can apply
You can qualify for more coverage at key points during your training.
While you’re in residency or fellowship:
You can apply at any time for up to $7,500 in benefits per month.
Within six months prior to completing your training:
You can increase your coverage, or apply for an initial policy up to $8,500 in monthly benefits, and you don’t need to provide financial documents.
If you have secured an employment contract and are within six months of your employment start date:
If you have an employment contract, you may qualify for up to $15,000 in monthly benefits.
The exact benefit amounts may vary by your state and program.
How Ameritas evaluates your claim
Ameritas bases disability decisions on whether you can still do the main parts of your job, not on complicated income calculations. The claim examiner supports you throughout the process. This means you may get total disability benefits even if you move to a different role.
Start protecting your future today
The Ameritas GSI Disability Income Insurance Program gives you a simple and affordable way to protect your income, with no medical exams, lab work or long forms required.
If your school isn’t part of the GSI program, you can still get this valuable disability income insurance through a fully underwritten individual policy.
In either case, a financial professional can help you create a disability income insurance policy that fits your needs.
Disability income insurance is issued by Ameritas Life Insurance Corp. in approved states and by Ameritas Life Insurance Corp. of New York in New York. Policy and riders may vary and may not be available in all states.