According to BLS, the 2020 median annual salaries were as follows:
- $75,300 for registered nurses
- $117,670 for nurse anesthetists, nurse midwives and nurse practitioners
Nurses need to invest in their career before they can see these incomes. BLS says that registered nurses typically need a bachelor’s degree, while nurse anesthetists, nurse midwives and nurse practitioners typically need a master’s degree. The American Association of Colleges of Nursing did a study on graduate nursing student loans and found that 69% of postgraduate nursing students had taken out loans. Among certified registered nurse anesthetists, 92% had student loans. The average graduate student has about $57,600 in loans.
That’s why nurses need disability insurance. Like other highly trained, highly paid professionals, they’ve made an investment in their career. Disability insurance is how they protect that investment.