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You’ve spent years training, studying, and sacrificing to get to this point in your medical career. Now, as you step into residency, fellowship, or your first attending role, it’s time to protect what you’ve worked so hard to build. The right insurance choices today can help you safeguard your income, your family, and your future. Here’s your essential coverage checklist to start your career on solid financial ground:  

Disability Income Insurance: Protect Your Earning Power 

Your future income is one of your most valuable assets. Disability income insurance ensures that if illness or injury prevents you from practicing medicine, you’ll still have financial stability. 

Why it matters: Without sufficient coverage, a serious injury or illness could put your financial future at risk, especially if you have student loans or dependents. 

What it covers: 

• Monthly benefits to replace lost income 

• Both short- and long-term disability protection 

• “Own occupation” coverage tailored to your medical specialty 

• Supplemental income beyond what Social Security may provide 

The benefit: Peace of mind knowing your financial goals won’t be derailed by unexpected health events. 

 

Life Insurance: Protect the People Who Depend on You 

Life insurance provides critical support for your loved ones if something happens to you. For early-career physicians, it’s an essential tool to ensure your family’s future is financially secure. 

Why it matters: Whether you’re supporting a partner, children, or aging parents, life insurance helps ensure they’re not left with financial burdens. 

What it covers: 

• Income replacement for surviving dependents 

• Payment of debts such as student loans and mortgages 

• Future expenses like college tuition or childcare 

• Funeral and estate-related costs 

The benefit: A legacy of care and protection for those who matter most to you. 

 

Malpractice Coverage: Safeguard Your Professional Reputation 

Medical professional liability insurance protects your career from the financial and legal risks associated with malpractice claims even during training and moonlighting. 

Why it matters: As a resident or fellow, you may not be fully covered for all work settings, especially if you moonlight. Gaps in coverage could leave you personally liable. 

What we offer: 

• Specialized coverage for residents and fellows, including moonlighting activities 

• A discount program for new physicians in their first 6 months of practice 

• Personalized guidance to ensure the right level of protection for your unique situation 

The benefit: Confidence to focus on delivering care without worrying about legal exposure. 

 

 Start Smart. Stay Protected. 

Investing in the right insurance now means you can build your career with confidence knowing you’re protected against life’s unexpected turns. Whether it’s your income, your loved ones, or your reputation, we’re here to help you protect it all. 

Take the first step toward lasting financial security. Check these items off your list today. Request a quote, email us at piam@mms.org, or call 800.522.7426 to get started.