Comparison of Disability Policies Annual Premiums

Male Rates

GP  General Practice   vs.   S  Dental Specialties

90 Day Elim Period, $5,000 Per Month, Benefits Payable To Age 65

Residual Disability Included

   40                               

                           Company (A)   Does not offer Dentists True Own Occupation. Dentists & Dental Specialties Class 3A. Optional Riders: Non-Cancelable, Residual, Future Purchase, Cost of Living, Issue up to Age 60.  Rates shown do not include the Future Purchase or Cost of Living rider

Company (B)   Does not offer Dentists True Own Occupation. General Dentist Class 4M. Specialist Class 5I. Issue up To Age 59.  Transitional Own Occupation is available by Rider,(included above).

Optional Riders: Transitional Your Occupation, Residual, Catastrophic Disability Benefit, Guaranteed  

Insurability, Long Term Care Guaranteed Purchase Option, Cola, 50% Refund of Premium Benefit-50% of the premiums will be refunded, less claims every 5 years-refer to policy. N/A in all states.

Rates shown only include the Transitional Occupation and Residual riders. Multi-Life Discounts NOT AVAILABLE to Health Care Professionals.

Company (C)  Will Insure Dental Specialty for full benefit period. All Dental Specialties True Own Occupation Coverage even for LIFE if the x 45  Rider is selected. Riders:  Residual, Guaranteed Purchase, Cost of Living rider choice of  3% or 6%,  Automatic Increase rider.  Policies may vary from State to State.  No 24 month limitation for Mental and Nervous disorders. Unique.  Quality contract, benefits and provisions in the policy. The most liberal of definitions in the industry for dentists.

Company (C)* Shows the Association Discount of 10%. Note: Unisex rates are offered if 2 people in a dental practice apply for coverage. One owner, plus an employee.  Female rates would be the same as the male rates. This is an extraordinary savings for Female Dentists.

Discounts

Unisex Rates:  Typically, carriers make available to 3 or more people.  This Multi-Life Discount is normally beneficial to Female docs and professionals whose rates are much higher than the males.  By obtaining this discount and unisex rate, it can save a female professional up to 40%+ of the otherwise rate charged for an individual policy.  It also should be noted, that should one of the people leave this small group of  3, the discount would not be lost.

Association:  Groups with a common Association can obtain 15% and upwards discounts.  Typically used for Hospitals, Medical Societies, etc.

Pension Completion: Currently: In addition to the Individual Non-Cancelable contracts being offered, a new policy is available.  It is used to fund 100% of your pension plan contribution, or up to $40,000 per year. In some cases, $42,000.  I.E. Age 55 at Issue. The companies that offer this product may and do differ in their underwriting practices.  Some might offer the pension completion product ABOVE all other individual policies in force, while another might take into account the in force coverage you presently have. The elimination period is typically 180 days and does NOT provide Residual benefits.  It is usually a TOTAL only contract.  The benefit period generally will be To Age 65. These benefits are normally paid into a “TRUST”, which the insured directs.

Caveat Emptor: The Statements and comment made here are general, and, should not be taken as exact.  For specific benefits, costs, provisions and comparisons, actual policies and language should be used. These comparisons are solely for Quick Reference when dealing with certain ages and current policies being offered.  As the policies, rates, riders, provisions and States where these policies are being offered changes almost daily, the reader should be aware of the caveat emptor.