February 29, 2008, Newsletter Issue #3: Consider Getting Supplemental Dentist Disability Coverage

Tip of the Week

Your decision to consider supplemental insurance to enhance your existing dentist disability insurance coverage should be based on a few of the following important factors.
Is your current plan a group or individual coverage program? Group coverage, paid for by the employer, means that the 50 to 60% income benefit is normally taxable, reducing your real disability income to 35 to 45% of your regular gross amount. This is rather low cost disability insurance for dentists; but it may leave much to be desired when you need benefits. There are association dentist disability insurance plans that you might currently have or are considering. Make sure to verify what happens to rates in the future in these plans. Are the rates guaranteed to age 65 as they are in the better dentist disability insurance policies? Are the definitions as good as the private dentist disability insurance policies? Have you seriously considered what level of protection would provide you with consistent piece of mind as you practice your specialty? To perform your duties at the high level you’ve come to expect, a minimum of stress and a maximum of piece of mind can be important components to a successful practice. Disability insurance for you as a dentist can help you achieve that piece of mind.Supplemental insurance coverage to enhance your package of protection can give you more confidence that your standard of living will not be materially affected should you suffer a disability.

Refer to your insurance policy contract for specific information regarding your coverage and for actual terms, conditions and exclusions. The above statements are general in nature and may or may not reflect the actual terms of your insurance policy.

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