Dental Schools – InsMed Insurance Agency

Dental

Schools

Dental students face unique challenges when trying to protect their financial well-being. They have yet to earn an income but are amassing substantial student loan debt obligations and training in an environment where they are exposed to medical conditions that could eliminate their ability to secure income protection once they begin training or enter their practice years.

Guaranteed Opportunity to Protect Income During and After Dental School

Throughout their training, dental students are exposed to environmental hazards, repetitive motion injuries or other medical conditions that may prevent a graduate from medically qualifying for disability insurance following graduation.

To address this threat to a student’s financial wellness, many dental schools can provide their students with long term disability protection that includes the right to retain coverage after graduation without having to satisfy any medical underwriting requirements normally asked by an insurance company.

Covering the Threats Created by the Loss of Income and the Student Loan Obligations

The coverage offered during and after school is designed to provide a monthly tax free income contacts and reimburse several hundred and thousands of student loan payments.

The policy can be maintained during practice and can be used to supplement any benefits provided by a future employers. It can also be used in coordination with additional coverage that private practicing physicians may need to obtain to adequately protect their incomes.

Providing "Own Specialty" Protection During Practice Years

The coverage that’s been maintained during training guarantees the right to exchange this protection for an individual disability policy once training is over and the doctor enters practice years.

This coverage provided after graduation is offered through an individual “non-cancelable” contract that guarantees that the rates and contact terms can never be changed by the insurance company. These contracts protect a graduate’s ability to perform their own specialty and benefits will continue for the entire benefit period, even if they could work in another occupation.

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Dental

Schools

Guaranteed Opportunity to Protect Income During and After Dental School

Covering the Threats Created by the Loss of Income and the Student Loan Obligations

Providing "Own Specialty" Protection During Practice Years

Did you know?

Some policies that insure student loan obligations require the insured to be out completely and not be expected to return to work ………ever.

Voluntary offerings to large healthcare populations can be offered without medical underwriting and permanently discounted rates.

The “guaranteed right” to increase the benefit amount of an individual policy will be reduced as you age.

Graduating physician who are entering practice can obtain coverage that’s greater than their actual earnings

Group insurance policies usually only protect base salary

Individual policies can be used to raise the income placement percentage and maximum monthly benefit for employed physicians and executives

Business overhead expense policies can cover hiring a locum tenens

Taking medication or seeking counseling to manage stress can affect your ability to secure coverage

If your employer provides you with long term disability coverage for free, any benefit amount provided during a claim will be taxed.

Residents and fellows can insure 100% or more of their incomes during training

The premiums paid by a practice owner for a policy that insures their ongoing business expenses is 100% tax deductible

Contributions cannot be made into a qualified retirement account in the event of a disability

Residents and fellows can forfeit their right to a teaching hospital’s “guaranteed issue” coverage if they apply elsewhere and are denied due to medical conditions

Most employer provided long term disability coverage will require you to be out for as long as six consecutive months in order to qualify for benefits

Group long term disability policies can be obtained by practices with fewer than 10 full time employees

Rates and provisions of individual policies are guaranteed not to change until the age of 65. The same isn’t true for group or association coverage.

Medical underwriting can be waived when a practice purchases individual policies as part of its benefit package

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