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 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?
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 prior to enrollment.