As a dentist, you probably earn an above-average income.
In fact, you probably earned enough that you have the power to create an amazing life for your family.
This is a good thing.
Dentists are crucial to human civilization, health, and wellness.
Without dentists, our human oral health would just decay and deteriorate.
And this would be very bad news for everyone.
Therefore, dentists deserve to make an above-average salary.
Not only do they help to make the world a better place, but they also need to go to school for literally years in order even to begin working in the field of oral health.
It takes a lot of work to even become a dentist.
With that being said, it’s still possible for dentists to lose out if they become too sick or injured to continue working.
In fact, with their high value, and above average earning potential, dentists actually probably have more to lose than the average person if they become afflicted by some kind of disability that prevents them from being able to continue their practice.
This is why it’s crucial for dentists to purchase disability insurance.
Dentist disability insurance is basically a type of insurance that protects dentists from losing their income if they become too sick or injured to continue working.
It basically works like this:
You buy and pay for, dentist disability insurance on a yearly basis.
Hopefully, you never need it.
And thankfully, it tends to be relatively inexpensive.
But if you do end up getting injured on the job, or getting sick to the point where you can no longer continue working— then having the policy means that you can file a claim and receive a certain percentage of your regular (now lost) salary so that you can continue making your bill payments and living your lifestyle.
This is great news for you as a professional, but it could truly be a lifesaver for your family.
So in this blog post, you’re going to learn what to consider when purchasing dental disability insurance.
Let’s dive into it.
1. The Overall Benefits
The very first thing to look at when looking at any disability insurance policy is the overall quality of the benefits.
For example, some policies will pay you benefits if you cannot continue working as a dentist but can continue working in another occupation.
You also want to look at how much the policy costs versus how much it pays out if something goes wrong.
You also want to look at the age range of the policy.
How long do you need the benefits to pay out if you become injured at 55?
Are you hoping to receive premiums until you reach the age of 60, or would you prefer to continue getting premium payments until the age of 65, or even 70?
Looking at the overall scope of the benefits and running them through a cost-benefit analysis filter in relation to your own life situation is a crucial part of finding the best policy for you.
2. Can The Policy Get Cancelled?
One very scary aspect of some lower-quality disability insurance programs is the fact that they can sometimes get canceled or modified due to specific life circumstances.
For obvious reasons, this could prove to be disastrous.
Therefore, it’s always to your benefit to choose a non-cancelable policy. These types of policies are superior because they basically guarantee you your benefits as long as you continue to pay the premium.
This is really the only safe route to go when looking for a dentist’s disability insurance policy.
3. What About Mental Health?
There can sometimes be a lot of confusion about disability insurance as it pertains to mental health.
As a general rule, you want to make sure that your dentist’s disability policy covers you in the event of a mental disorder, or even a substance abuse problem.
Hey, this stuff isn’t Fun to think about.
But this is real life we’re talking about.
Sometimes, bad things happen.
And if it does, you want to make sure that you and your family are protected from the disaster that could befall you when you lose your salary.
Conclusion
Do you need some help choosing the perfect dentist disability insurance for you?
If so, check out this post by LeverageRX.
It’ll walk you through everything you need to know to choose the perfect provider to protect your family and your future.
