is the consensus then that the PARO plan isn't enough? That's all I have right now... maybe I need to re-evaluate
well ok the PARO one is what 4500 a month if it applies. Most basic question I guess would be let's say you become permanently disabled then. Would you be happy with earning 4500 after tax indexed for inflation for the rest of your life? That is say 54K a year. Keep in mind what ever debit you have would still need to be paid off.
Next what happens if you develop a condition which does not disable you during residency but will latter on. Say MS as just an example. Can you get disability insurance in the future with now a known medical condition?
and disability is all about managing risk - can you live with the uncertainties presented above? Can you sleep at night in effect
me personally - not so much ha. so I made arrangements - I will get about 110K tax free and indexed if I am disabled and a cash sum to destroy all debit.
Our knowledge has made us cynical.
Our cleverness, hard and unkind.
We think too much and feel too little.
More than machinery we need humanity.
More than cleverness we need kindness and gentleness.
Without these qualities, life will be violent and all will be lost.
Schulich Medicine 2013, PGY4 - Ottawa for Radiology