Yes…Absolutely. We know that physicians and nurses are often forced to move where the demand for their medical talents may take them. You may complete training in North Carolina, move to Tennessee but wind up in Arizona. All carriers that we provide access to offer Non Cancelable and Guaranteed renewable insurance policies to fix and levelize costs for the life of the policy in any state. In some cases, benefits can be payable if overseas, though, the majority of policies will require that the insured be back in the United States for benefits to be paid. For individual disability insurance policies we typically see contracts in force to age 65/67…the Student Loan plans are designed to protect for 5 years and then can be renewed at the insured’s request.
Danny Mensh is the CEO of InsureSTAT, the leading online provider of Disability Insurance for Physicians, Nurses and Physician Assistants.