An Approved Member Benefit Program

DisabilityIncome Plan

Financial Protection Against Life’s Uncertainties

EMRA

An Approved Member Benefit Program

“Everything you own, plan to own,

or plan to pay off, depends on

your future ability to earn an income.”

As a Resident Physician:

An Approved Member Benefit Program

“Big Picture” Planning for EM Residents

• Allocate dollars towards current and future goals:

• Living Expenses

• Student Loan Repayments

• Retirement Accumulation

• Savings

• Eliminate variables by protecting against uncertainties:

Uncertainty Solution

Medical Problems Health Insurance

Premature Death Life Insurance

Loss of income Disability Insurance

An Approved Member Benefit Program

Your ability to earn an income now and in the future ensures your ability to reach these goals.

GrowthInvestments

Standard of LivingClothingFoodMortgage / Rent

Savings andDebt Repayment:• Student Loans• Consumer Debts

Insurance ProtectionLifePropertyDisabilityHealth

Most People’s Financial Goals Fall Into Four Categories…

An Approved Member Benefit Program

Worker’s Chances of Disability*...

* A disability lasting 90 days or more before age 65. Source: Commissioners Individual Disability Table A.

Statistics show that approximately 1 in 3 workers will lose the ability to work sometime before age 65 and that the average disability lasts 2.5 years*

37%34% 34%

20%

0%

10%

20%

30%

40%

25 35 45 55

Age

Risk of Disabilit

y

An Approved Member Benefit Program

The Disability Insurance ImperativeY

ou

r V

alu

e (

$)

TimeAdmission to

medical school

Admission to

residency

Admission to

practice

Healthy

Disabled, but INSURED

Disabled, and NOT INSURED

DANGER ZONE

An Approved Member Benefit Program

Recommended Characteristics of an EM Disability Policy

• Cannot be dropped or amended by the insurer

• Premiums cannot be increased

• Protects your right to work in your own medical specialty

• Allows you to protect future income through Guaranteed purchase options

• “Insures” your benefits from inflation with Cost of Living features

An Approved Member Benefit Program

The Resident Advantage

Options for Long Term Disability Protection

Prepared for: 1st Year PhysicianSpecialty: Emer. Medicine

Assumed Tax Bracket: 35%Net Monthly Income: $9,750

Group LTD: 60%Group Limits: $10,000

Income at Disability:

Option

1.

2.

3.

4.

Group LTD

$5,850

$5,850

$5,850

$5,850

Individual LTD

$0

$2,000

$3,500

$5,000

Total Net Income

$5,850

$7,850

$9,350

$10,850

Income Replacement

60%

81%

96%

111%

Option 4 assumes the maximum monthly benefit that can be purchased under the Residency and Fellowship purchase program.

Contract Date: August 1st, 2008Initial Monthly Salary: $15,000

An Approved Member Benefit Program

Evaluate Your Needs

• Review your current expenses to your house staff disability benefit (if any).

• During PGY1 and PGY2, buy as much as you need to protect your standard of living.

(Between $500/month and $5,000/month.)

• Make sure you consider potential student loan repayments!

An Approved Member Benefit Program

Act on Opportunity Before End of Residency

• Review contract and benefits of practice position.

• Determine your future disability income, if available.

• Apply for EMRA program to supplement practice benefits.

(Up to $5,000/month.)

• Try to maximize opportunity before signing contract.

An Approved Member Benefit Program

What does EMRA’s Disability Income Plan offer*?

• Disability Income Analyzer™

• Up to $5,000 per month tax free benefit

• Choice of Contracts:– EM Specific / Own Occupation Definition for the entire benefit period

– Specific solutions for individual state or personal medical restrictions

• Cost of Living and Guaranteed future increase

• Age 65 or 67 Benefit Period

• Easy application process

*Income plans are individually designed and qualified for. Some features may not be available in all states.

Personal medical history may impact the availability of benefits.

An Approved Member Benefit Program

How do I get started?

1. Complete the EMRA Data Questionnaire.

2. Receive and review your personalized Disability Income analysis and

recommendation via email.

3. Follow instructions to apply.

Questions?Contact Shayne Ruffing, CLU, ChFC®, AEPEMDI@mybpginc.com