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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 ADA student members a penny?

It's true - Eligible ADA student members can recieve $50,000 of ADA-sponsored Student Members Term Life Insurance at no cost! 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 members annually renewable life insurance:

  • Debt protection: ADA-sponsored members annually renewable 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 members annually renewable life insurance serves as collateral for a loan to build or buy your own dental practice
  • Protecting your insurability: getting ADA-sponsored members annually renewable 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?


Coverage is issued 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 12 months 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 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 ownership.

You can also apply for coverage for your spouse, domestic partner, and/or eligible children. Every person insured under the ADA-sponsored members 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 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 12 months prior to enrollment.


Term Life Plan Features

Through the ADA-sponsored Student Members Term Life Insurance Plan, you get the same great coverage that practicing ADA member dentists get — but at NO COST to you! As long as you are an ADA student member and request activation of coverage before May 31 of your graduation year, you'll receive $50,000 in Term Life coverage. 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 rates exclusively for practicing ADA member 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 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 12 months prior to enrollment.

Questions? Call us at: 866-607-5338



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Dentists:This website is not a contract. Benefits provided under respective Group Policy Nos. (104TLP Annually Renewable Term Life, 1105GDH-IPP Disability Income Protection, 1106GDH-OEP Office Overhead Expense Disability, 104GUL Universal Life, 104LTLP Level Term 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. The ADA is entitled to receive royalties from the ADA Members Insurance Plans. Coverage is available to all eligible ADA members residing in any U.S. state or territory. Term Life and MedCASH premiums increase annually based on age. Recommended premiums under the Term Plus® Universal Life plan consist of the cost of insurance (which may vary based on the member’s age and coverage amount), the amount chosen by the member for deposit into his/her Policy Value Account and a service charge. Premium deposits may fluctuate or remain level depending upon the amount maintained in the Policy Value Account. Disability Income Protection premiums increase every 5 years and Office Overhead Expense every 10 years based on age. Premium credit for Term Life and Term Plus Universal Life is not guaranteed but reevaluated annually. Premium credit for Disability Income Protection, Office Overhead Expense, and MedCASH is not guaranteed but reevaluated semi-annually. Each Plan participant will receive a Certificate of Insurance explaining the terms and conditions of the policy.

Dental Students: This website is not a contract. Student coverage is issued regardless of your medical condition if you are under 45, but benefits are not payable, as defined by the respective policy, for death or disability resulting from a sickness, disorder, physical condition, or symptom that existed or was treated 12 months prior to enrollment. Benefits are provided under respective Group Policy Nos. (104TLP Annually Renewable Term Life and 1108GDH-SDP Student Disability) filed in the state of Illinois in accordance with and governed by Illinois law, issued to the American Dental Association, and underwritten by Great-West Life & Annuity Insurance Company. If you are 45 or older, you can apply for the no-cost coverage and all student program features by providing proof of good health. Coverage renews automatically each academic year. Each insurance plan participant will receive a Certificate of Insurance explaining the terms and conditions of the respective policy. Individuals may convert coverage to the plans for practicing dentists after graduation according to policy guidelines by paying ADA member premiums and maintaining ADA membership. See legal information above for the ADA-sponsored insurance plans for practicing dentists.

ADA® is a registered trademark of the American Dental Association.

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. © 2015 Great-West Life & Annuity Insurance Company. All Rights Reserved. For website issues, contact the Webmaster at ADA_WebMaster@greatwest.com.