One of the ways you can do this is by protecting your peace of mind through ensuring your financial health. Amongst the first steps to protect your financial safety is to secure your income and debts. Disability insurance is designed to replace a portion of your income should you become disabled and unable to work. In medical school, a disability may arise due to several causes, including mental illness, injury, or a physical disease. The duration of a disability might be short-term or long-term.
Your medical school years would also be a great time to think about purchasing a life insurance policy as the premiums for life insurance policies are predominantly calculated based on the age and health of the applicant. Hence, the earlier you sign up, the more you save on your premium rates.
The OMA Essentials plan for students is devised to provide financial protection and give you the flexibility to combine coverage through medical school which seamlessly transitions into residency and practice. This plan provides you with a variety of products to protect you when you need it the most, all uniquely designed for you. As a first-year medical student, you can enroll into this plan without any medical tests or health questions. In addition to disability insurance, this plan also includes a complimentary life insurance policy, and helps you kickstart your retirement savings at no administrative cost while you are in medical school. Click here to learn more about this policy or here to generate a quote in a few seconds.