Senior Dental Students

Dental Residents are becoming more and more familiar with disability insurance.  It is not unusual for them to have attended some lecture, or to have heard some company representative speak about disability insurance during their residency.  Regardless of what policy they may purchased, the fact remains, “The best policy there is, is the one you have when you’re disabled”.  So if you have a disability policy now, you are to be commended for your realization, “It can happen to you”.

Currently, we offer Dental Residents several options that are “unique”, attractive, and affordable.  Keeping in mind, someday, their needs as well as their incomes will increase.  It is crucial to realize this point above all else, you must put yourself in a position to guarantee that in the future you have the ability to purchase additional benefits as well as not to lose the benefits you have now.

The benefits you have now are not only in your policy, but are considered to be your health and your age.

Presently, Dental Residents may purchase up to $3500 per month of Individual Non-Cancelable & Guaranteed Renewable Coverage.  Senior Dental Students may purchase up to $2100 per month. The two optional riders that are a must are the Residual Rider, and the Guaranteed Future Purchase Rider. 

The Residual Rider: See explanation below    

Guaranteed Future Purchase Rider: See explanation below

Optional Premium Method: Understandably, your present income is low, and the last thing you want to be doing is paying insurance premiums, yet, you truly understand the need for disability insurance.

Graded Premium plans are available in order to make quality coverage more affordable when you are young and have not reached your income potential.

Graded Premium Plans
Male Age 30
“Insures Own Occupation: Dental Specialty”
Monthly Benefit: $3500, Payable To Age 65, 90 Day Elimination Period
Includes: Residual Rider
Guaranteed Future Purchase Rider: $6500

You can chose to convert the graded premium plan to a level premium plan up to Age 45, or maintain the graded premiums. The graded premium plan will be cheaper in the above example until year 12.  In the 12^th year, the annual premium will be $1762. 

Guaranteed Future Purchase Option

Future Increase Option Rider*   

If you expect to have significant income growth you may need a Future Increase Option (FIO) Rider. It offers you the opportunity-each year until you reach age 55-to purchase additional coverage with-out providing evidence of medical insurability.

The amount of the Future Increase Option added to the base policy can be up to 3x the base benefit not to exceed $10,000 per month. Until you reach age 45 you can exercise the entire FIO amount on your option date if your income justifies it. Once you become 45, up to one-third of the FIO amount is available in any one year. Few other companies offer you such flexibility. The Future Increase Option Rider is available to ALL Dental Specialties.

Residual Rider

Disability isn't always "total." You may suffer a partial (or residual) disability that limits your ability to work and results in decreased income - or an initial total disability may be followed by an extended period of residual disability. We offer a number of unique features that maximize your benefits under a variety of such scenarios.

Like most good policies, if you are residually disabled policies pay:

• benefits proportionate to income loss, and

• for the first six months' benefits, at least 50% of the total disability benefit.

However, most companies discontinue residual benefits when your income loss falls below 20%. We continue to pay residual benefits even if your income loss is less than 20% as long as the monthly benefit payable is at least $500.

Our Residual rider “does not require a loss of time or duties”, only a loss of income to qualify for benefits.  When other company consider you “recovered”, as long as there is a 20% loss of earnings due to a covered sickness or accident, residual benefits will continue to be paid, even to Age 65.  This is the best definition of residual there is in the industry.

Whether you’re not working	Or, you are