Unisex & Multi-Life Rates
So what should a female dentist know in today’s marketplace? 

Unisex rates ARE still available, but you need to know how to get at them.  Some of the major quality disability carriers do offer what is known as a “Multi-Life Discount”, or “Unisex Rates”.

Multi-Life discounts usually require a minimum of 3 lives with a common denominator.  The denominator can be a common billing, such as 3 dentists in a practice or clinic, or even an association.

For argument sake, we will use a female dentist whose specialty is General Practice Dentistry.   Within this practice there are 3 other General Practitioners, all of whom are Male.   Each of these doctors already has their own personal disability policies, and not interested in changing.  Not to worry.  If you have a hygienist, and a secretary in the office, you will soon see, that by purchasing a minimal amount of coverage for each, you can save a lot of money each year.

What does a Multi-Life Discount do?

By using the scenario above, the discount will not only reduce the cost of the policy for 3 individuals by 15% each year, but, it will also afford the female physician the unisex rates.  Here’s the difference:

Option (1)
General Practice Dentist Age 35
$5,000 Per Month, 90 Day Elimination Period, Payable To Age 65
Residual Benefits Rider
Annual Premiums

Unisex Rates Option (2)
General Practice Dentist  Age 35
$5,000  Per Month,   90 Day Elimination Period,   Payable To Age 65
Includes Regular Occupation Rider: Insures Dental Specialty
Includes Residual Rider
Annual Premiums

The difference in annual premiums does warrant your investigating these options.  You should also keep in mind that perhaps one or more of the other male dentists in the practice may already have a disability policy with one of the companies that offer the Multi-Life Discount or Unisex Rates.  If that is the case, you might also consider coverage with the same carrier, thus affording not only yourself the discount, but your male counterpart the discount as well.  Wouldn’t you look good?

One point should be made here: I suggest that you consider the coverage before the discount.  Make certain you have all the facts before you purchase the policy.  Do your homework and compare the contracts.

Remember, not all of the carriers that offer Individual Non-Cancelable coverage to Dentists, will offer this discount. 

What else should you be aware of?