Home In on Physician Needs With the Student Loan Rider

Updated April 2, 2024

New to Platinum Advantage, the Student Loan Benefit Rider is available to physicians and dentists. This rider is another tool you can use to provide a spot-on income protection plan that homes in on exactly what your client needs — no more, no less.

Under the Student Loan Benefit Rider, physician and dentist clients can be reimbursed for their monthly student loan payments if they suffer a total disability and are unable to work. Applicants can choose a monthly benefit — any amount between $100 and $2,500 — and either a 10- or 15-year term. 

By adding this rider to a policy, your clients can help shield themselves from the possibility of defaulting on their student loan if they're unable to work due to sickness or injury. You can help them choose the monthly benefit amounts and terms that match their obligations. For example, if an applicant has a total student loan debt obligation of $100,000 and pays approximately $1,000 a month, help them determine if a 10- or 15-year term is the right option.

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