Most medical malpractice insurance carriers have an age requirement and a required consecutive length of time you have been insured with them before issuing a free retirement tail. Typical is age 55 and 5 years. However, check with each company, as they each have their own requirements. One thing you need to keep in mind is that typically, the company defines retirement as no longer rendering, directly or indirectly, all medical services. Many physicians that are leaving a private practice, but going to work as a hospital employee believe this constitutes “retiring”, when in fact, it does not, based on the definition used by most companies. Check with your company before making assumptions about your retirement tail, as you do not want to do anything that would jeopardize your tail coverage.