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Term Life Insurance Plan For Dental Students
Term Life Insurance Plan For Dental Students

Did you know that this insurance doesn't cost you a penny? It's true - all ASDA and ADA student members will be automatically enrolled in the ADA-sponsored Student Members Term Life insurance for $50,000 at no cost!*

So what, you say? This is a big deal because you won't have to pay any premiums for your life insurance while you're a dental student or resident.

But why do I need life insurance now?

You have the opportunity to earn a substantial income while practicing dentistry, but income is only one part of your financial future. Picture this, you want to purchase a dental practice, but don't have hundreds of thousands of dollars. So, you'll probably need a significant loan, which would require collateral. Dentists routinely use life insurance as collateral for a practice loan. Get this protection in place now while you're still young and healthy, and you'll be better prepared for the next big step.

The sooner you start, the sooner you will be protected.

Life insurance is an essential tool for managing long-term financial risk, as well as building your financial future. Some of the ways you can leverage your ADA-sponsored life insurance:

  • Debt protection: ADA-sponsored life insurance protects your family by helping to pay off your student loans in the event of your death
  • Dental practice start-up and/or acquisition financing: ADA-sponsored life insurance serves as collateral for a loan to build or buy your own dental practice
  • Protecting your insurability: getting ADA-sponsored life insurance now enables you to be protected and stay protected while your career advances, regardless of your health as you get older

Features of the ADA-sponsored Student Members Term Life Insurance Plan include:

  • $50,000 of Term Life insurance
  • $50,000 of Accidental Death coverage
  • Ability to apply for extra insurance for yourself, or your spouse, at discounted rates for ADA members.

Already have NO-COST Student Term Life insurance and want more?


*Beginning in 2014, eligible ASDA and ADA student members who are not already insured will be enrolled in the no-cost ADA-sponsored student life and disability insurance plans. For important additional information, including auto-enrollment details and the option to decline coverage, click here .


Coverage is issued automatically regardless of your medical condition if you are under 45, but benefits are not payable, as defined by the respective policy, for death resulting from a sickness, disorder, physical condition, or symptom that existed or was treated prior to enrollment.

ADA-sponsored Student Members Term Life Insurance Plan - NO COST for Dental Students

Yep, that's right. It doesn't cost you a dime. $50,000 in ADA-sponsored Student Members Term Life insurance is NO COST to ASDA and ADA student members until you complete dental school or residency.

Want more? If you want more protection during dental school, you can apply for up to a total of $500,000 of ADA-sponsored Term Life coverage. And in your graduation year, you can apply for up to the Plan maximum of $3,000,000 to further prepare for your transition into clinical practice and business ownership.

You can also apply for coverage for your spouse, domestic partner, and/or eligible children. Every person insured under the ADA-sponsored insurance plans, once medically approved, pays the same low premiums reserved for ADA members, which are based on participant's age and increase modestly each year.

Coverage is issued automatically regardless of your medical condition if you are under 45, but benefits are not payable, as defined by the respective policy, for death resulting from a sickness, disorder, physical condition, or symptom that existed or was treated prior to enrollment.

Term Life Plan Features

Through the ADA-sponsored Student Members Term Life Insurance Plan, you get the same great coverage that ADA member practicing dentists get — but at NO COST to you! As long as you are an ASDA and ADA student member and sign up before May 31 of your graduation year, you're guaranteed $50,000 in Term Life coverage, which means your coverage will activate immediately, regardless of your health. If you're age 45 or older, proof of insurability will be required before your coverage can become effective.

  • $50,000 in Term Life insurance, which automatically renews each academic year (even through residency or post-doctoral study)
  • $50,000 in Accidental Death coverage, payable if death is caused by accidental means
  • Waiver of Premium benefit is included
  • Both the life and accidental death benefit automatically doubles to $100,000 on July 1 of the year you complete your studies
  • Ability to apply anytime for insurance for yourself or your dependents
  • Options to convert your coverage after graduation, all the way up to age 81, at low rates exclusively for ADA member practicing dentists

Why do I need insurance now, before I start practicing?

"I thought it was a smart move to get my insurance portfolio started while I was in dental school. I knew that when I got out of school, I would need to borrow money to buy a house and possibly new equipment for my practice. The fact that I had insurance would show creditors that I was financially responsible."

Joseph Matrullo, DDS
Cranston, RI

Coverage is issued automatically regardless of your medical condition if you are under 45, but benefits are not payable, as defined by the respective policy, for death resulting from a sickness, disorder, physical condition, or symptom that existed or was treated prior to enrollment.

Questions? Call us at: 866-607-5338



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ADA-sponsored Insurance Plans This website is an outline only and not a contract. Benefits provided under respective Group Policy Nos. (104TLP Term Life, 1105GDH-IPP Income Protection, 1106GDH-OEP Office Overhead Expense, 104GUL Universal Life, and 1107GH-MCP MedCASHSM) issued to the American Dental Association; underwritten by Great-West Life & Annuity Insurance Company and filed in accordance with and governed by Illinois law. Coverage available to all eligible ADA members residing in any U.S. state or territory. Term Life and MedCASH premiums increase annually, Income Protection increases every 5 years and Office Overhead Expense every 10 years. Annual Universal Life premiums may fluctuate or remain level depending upon the amount maintained in the Policy Value Account. Premium Credit discount not guaranteed but reevaluated semi-annually.
Great-West FinancialSM refers to products and services provided by Great-West Life & Annuity Insurance Company, Greenwood Village, CO, its subsidiaries and affiliates. The trademarks, logos, service marks, and design elements used are owned by Great-West Life & Annuity Insurance Company. © 2014 Great-West Life & Annuity Insurance Company. All Rights Reserved. For website issues, contact the Webmaster at ADA_WebMaster@greatwest.com.