The doctors market is growing and so is the medical residents market. The 2019 Main Residency Match was larger than any that preceded it, according to the National Resident Match Program. A record-high 38,376 applicants submitted program choices for 35,185 positions.
All of these residents have invested a lot to become doctors. It would be a shame to lose that hard-earned earning power due to a disabling illness or injury.
Doctors are a lucrative but highly competitive DI market. To get your foot in the door, consider marketing to medical residents. If you build relationships with young doctors, you can help them protect their incomes as their careers and practices grow.
Many medical residents do not think about disability insurance, and that’s a mistake. Residents receive numerous underwriting advantages, including pre-approval without proof of income, low rates and the option to increase coverage every year to match income.
Medical residents are allowed to purchase up to $7,500 of monthly benefit without the proof of income!