Why every dentist-in-training needs disability income insurance

While you are in dental school, it’s common to think that you don’t need to worry about things such as insurance because you’re still in training. Some might think that insurance can be dealt with once “real life” kicks in, yet there are some compelling reasons for securing disability income …

Pay down debt today, or set money aside for the future?

In our work, we see many recent dental graduates with huge debt loads — $300,000, $400,000 or even $500,000 right out of school. They end up in our practice, often overwhelmed with how to pay down their debt. And while most of them know that their income is solid and poised to grow, they still grapple with whether it makes sense to pay off their debt, or to minimize their loan payments and, instead, set aside money for the future.

Shopping for disability income insurance? Read this first

Your ability to generate revenue is your greatest asset. If something happened to you, it would have a significant impact on your cash flow. Whether you’re just starting your training or you’re already in practice, one of the first things you need to do is protect your ability to earn an income. While health insurance will help pay to get you back to good health, an entirely different type of insurance is required to replace the income you forego while you are unable to work. This insurance is called disability income, or “DI” for short.