doctors coverage calculator
Your pay, your loans, your work plan. See the gap in 30 seconds.
OpenIf you die on the job
What workers comp, work plans and Social Security pay, and what they don't.
OpenWhy it matters
Many new doctors carry big school debt. AAMC says 71 percent of the class of 2024 had education debt. The median debt was $205,000 for those who owed money.
Your family may count on years of future pay. Life insurance can protect that. A plan you own stays with you through residency, new jobs, or your own practice.
- AAMC says 71 percent of 2024 medical school graduates had education debt. The median was $205,000 among those with debt.
- Doctors need 4 years of medical school plus 3 to 9 years of internship and residency.
- Life insurance from work usually ends when you leave the job. A basic work plan often pays only one or two times your yearly pay.
What an insurer may ask you
Have these ready. Being honest up front gets you a real price and avoids problems at claim time.
- Your specialty
- Your current pay and expected pay
- How much coverage you have through work
- Your age, health, and tobacco use
Common questions
Can doctors get life insurance?
Yes. Doctors are not seen as a risky job. Your age and health matter most.
Should I buy during residency?
Many people buy when they are young and healthy, because price goes up with age and health problems.
Does my hospital give me coverage?
It might. Work coverage usually ends when you leave. A policy you own does not.
How much coverage do I need?
Think about your debts, your home, your kids, and how many years of pay your family would need.
