Story at-a-glance
- Yes—disability insurance lets you lock in rates based on your current age and health.
- Buying early means lower premiums for life and better chances of approval.
- You can also secure valuable riders that let you increase coverage later—without another exam.
- Waiting even a few years can raise your cost by 20–40%.
- Early action protects both your income and your future insurability.
Why Age Matters in Disability Insurance
The cost of disability insurance goes up as you get older In fact, age is one of the biggest factors that determines your premium. The younger you are, the lower your monthly cost—and once your policy is issued, that rate is locked in for life.
So yes, if you’re a physician or dentist in training or early practice, now is the perfect time to act.
The Power of Locking In Rates Early
Here’s how it works:
When you apply for disability insurance, the insurance company sets your rate based on your:
- Age
- Health
- Specialty
- Location
Once you’re approved, your rate won’t go up as you age or if your health changes—as long as you keep the policy active.
This means you can lock in low rates now, and enjoy the savings for decades.
Real Example
Let’s say you’re a 30-year-old resident and get a $5,000/month policy for around $150/month.
If you wait until you’re 35 and out of residency, the same policy might cost $200/month or more—just because of your age and loss of discounts.
That’s a lifetime difference of thousands of dollars in premium costs.
Protect Your Future Insurability
Another big reason to buy young: your health can change.
Even a small issue—like back pain, anxiety, or migraines—can lead to:
- Higher premiums
- Exclusions (certain conditions not covered)
- Or even a decline
But if you’re healthy now, you can lock in full coverage—with no limitations.
Grow Your Coverage as You Grow
Many top policies include a Future Purchase Option or Benefit Increase Rider.
These allow you to boost your coverage later—when your income grows—without another medical exam.
That means even if your health changes down the road, your policy can grow with you.
Final Thought
If you’re early in your career, locking in disability insurance now is one of the smartest financial moves you can make.
It protects your income, locks in low rates, and gives you room to grow your coverage—all while you’re young and healthy.
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