Looking for life, disability insurance? Take advantage of your ADA member benefits
New patients. New colleagues. Maybe even a new family. As a new dentist, you’re exposed to different risks compared to your dental student days.
“The ADA member insurance plans underwritten by Great West are one of the best benefits of ADA membership,” said Dr. Lindsey Yates, ADA Council on Members Insurance and Retirement Programs’ New Dentist Committee ex-officio member. “If you’re trying to stay on top of your student loan payments and save up for a house/car/new baby, the last thing you want to do is spend a lot of money on insurance premiums.”
For most ADA members, risk management begins with a solid foundation of life and disability insurance protection. The ADA Members Insurance Plans, designed exclusively for ADA, provide quality coverage to protect you, your family and your practice at competitive member-only rates.
The member’s portfolio includes the ADA Annually Renewable Term Life Plan, a new Level Term Life Plan, Universal Life, Disability Income Protection, Office Overhead Expense and MedCASH (a supplemental medical plan).
New dentists in particular find value in the ADA Life insurance which can be assigned for bank collateral to refinance student debt or establish a dental practice loan. Life insurance also provides a level of financial security for your loved ones in the event of your premature death.
In addition, the ADA Disability Income Protection Plan is specially designed to protect the income a dentist earns from their special area of dental practice. More specifically, it includes an “own occupation” definition of disability that can replace a dentist’s monthly income all the way to age 67 – even if he/she chooses to work in another area of dentistry or enter a new occupation. The ADA recognizes the financial investment you made in your dental career and the value of protecting against the risk of disability. Don’t wait until it’s too late to create your coverage portfolio.
Take advantage of your ADA membership benefits and speak to an ADA Members Insurance Plan Specialist today at 1-888-463-4545 for more information or visit insurance.ada.org.