Life in Residency Is Unpredictable. Your Financial Protection Doesn’t Have to Be.
Residency comes with plot twists — extra shifts, surprise pages, schedule swaps, and that “wait, rent’s due today?” moment. Between managing patients, studying, and staying caffeinated, money management often becomes the subplot no one warned you about.
But here’s one twist you can control: making sure your financial future is protected, even while you’re still in training.
Scene One — The Residency Reality Check
Let’s be honest — you’re earning less than you ever will in medicine, but your expenses haven’t gotten the memo.
Common financial pressures include:
- Student loans (or that growing deferred interest)
- Relocation costs, exam fees, or board prep
- Supporting a family, partner, or yourself on limited income
On top of it all, financial stress can quietly add to burnout — and no one needs more of that.
If you’re not sure where to start, talking with a financial advisor who understands resident life can help you prioritize what matters most now and later.
Scene Two — The Insurance Plot Twist
There’s a common myth that insurance is something to think about “once you’re established.”
In reality, residency is actually a great time to lock in coverage while it’s easy — and often, free.
Through the AAFP Insurance Program, eligible residents can receive:
- $100,000 in Group Traditional Term Life coverage at no cost for two years
- $5,000/month in Group Disability Income coverage for up to five years
The premiums are funded by the program for eligible residents, and acceptance is guaranteed for third-years — no medical exam or paperwork marathon required.
It’s a quick way to help cover the “what-ifs” that come with real life — before your next shift starts.
Final Scene — Protecting Future You
Signing up for coverage now isn’t about expecting the worst — it’s about setting up Future You to have fewer worries.
A few reasons it matters:
- You can keep the coverage after residency, even if you change jobs or move.
- Disability coverage can help cover loans or living costs if you can’t work.
- Life insurance provides a safety net for those who rely on you (or who co-signed those loans).
Residency is unpredictable. Your financial foundation doesn’t have to be.
Learn More
Take a few minutes to explore your no-cost resident coverage at aafpins.com/no-cost. Then get back to what really matters — surviving the next on call night.
Disclaimer
Visit https://www.aafpins.com/no-cost/ to learn more to learn more including features, costs, eligibility, renewability, limitations and exclusions. You must become a dues paying member to maintain your no cost coverage after the first year. Complimentary coverage is funded by the American Academy of Family Physicians Insurance Program. This offer is not available to the residents of Nevada.
The AAFP Association-Group Traditional Term Life Insurance policy described is subject to the terms and conditions of Group Policy G-7200-0. The Group Disability Income Insurance policy described is subject to the terms and conditions of Group Policy G-7201-0. Both are issued by New York Life Insurance Company (51 Madison Avenue, New York, NY 10010) to the American Academy of Family under Policy Form GMR/FACE, Group Policy Nos. G-7200-0 (Term Life) and G-7201-0 (Disability). Please refer to the Certificate of Insurance for details of your coverage.
This coverage has exclusions, limitations, reductions of benefits and terms under which the policy may be continued or discontinued. Call AAFP Insurance for details. Not available to residents of New Mexico or Vermont.
Administered by: AAFP Insurance Program, 11400 Tomahawk Creek Pkwy, Suite 220 Leawood, KS 66211
AR Insurance licenses #: 246260
CA Insurance licenses #: 0547642
SMRU #: 8584190
