Why dental students need life insurance. Now.

As a Great-West Financial Insurance Plan Specialist, one of my most important responsibilities is helping ADA student members understand the importance of life insurance.

I understand — when your future is so full of promise, it’s hard to think about the possibility of dying. Yet, as someone who has worked with dentists of all ages, I can tell you, bad things do happen, even to dental students. I know some of you have experienced this firsthand. There is also a perception of insurance providers as being out to get you, but there is always a Bad Faith Insurance Attorney who can help you if that situation does ever occur.

Last year, one of my D4 students had a heart attack and a stroke. Fortunately, he had enrolled in the ADA student members disability and life insurance, so he and his wife were protected. As I guided his wife through the insurance process, she repeatedly told me how grateful she was for ADA life insurance. She realized that she didn’t know how she would have gotten through life without it, had he died. Luckily, he survived and was able to take advantage of the disability coverage until he could resume his education. Now that he is in practice, he has continued coverage with the ADA insurance plans for practicing dentists.

If you have a family, you need life insurance. Fortunately, PolicyMe can be very useful in this department. If you were to die, the last thing you would want is for your family to have to worry about paying off your debts. Life insurance helps ensure your parents, spouse and children won’t suffer financially if something happens to you. You might even want to consider getting some final expense insurance to ensure your family have enough money to pay for the funeral. They can use the money from life insurance to help pay for funeral costs, student loans, mortgage payments, household expenses and even a practice loan once you become a dentist.

Life insurance also helps replace lost income. If you’re married or planning to get married, the money can help your spouse remain in your home, pay current and future living expenses, provide for your children and fund their college tuition.

At zero cost to you, it’s one of the most valuable benefits of ADA student membership. Life insurance isn’t as expensive as you might think. However, at no cost to you, the value of ADA student members insurance is unbeatable, and once you’ve enrolled, you’re covered throughout dental school.

When you transition into practice, your insurance can too. Another pretty amazing benefit of ADA student members insurance is that it can convert to the paid insurance plans for practicing ADA members, at exclusive member rates. You won’t even have to fill out an application or get a medical exam. You can also apply for additional life insurance — up to $500,000 while you’re a student, and up to $3 million beginning in January of your last year of dental school. Your spouse is also eligible for some coverage.

My advice to ADA student members: get the insurance today. If you haven’t enrolled in the ADA student members insurance yet, do it now. Visit insurance.ada.org/now to register an account and request activation of your coverage. If you have questions or need some guidance, you can contact a Great-West Financial Insurance Plan Specialist anytime — that’s what we’re here for. Call 855.411.5198 or email planspecialist@greatwest.com.

~Danette Moran, Great-West Financial® Insurance Plan Specialist

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 within 12 months prior to enrollment. For more on eligibility, pre-existing conditions and other information, visit insurance.ada.org/Student.
This material is not a contract. Benefits are provided under respective Group Policy No. (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 Financial®. Student coverage is issued regardless of your condition if you are under 45. 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 insured receives 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 by paying ADA member premiums and maintaining ADA membership. Great-West Financial® refers to products and services provided by Great-West Life & Annuity Insurance Company (GWL&A), its subsidiaries and affiliates. ©2017 Great-West Life & Annuity Insurance Company. All Rights Reserved. AM125120-0317
ADA® is a registered trademark of the American Dental Association and Great-West Financial® is a registered trademark of GWL&A.

This content is sponsored and does not necessarily reflect the views of ASDA.

ADA Members Insurance Plans/Great-West Financial®

ADA-sponsored disability and life insurance is offered at no cost to ADA student members as a benefit of membership. This coverage is underwritten by Great-West Financial® and can convert to the insurance plans for practicing ADA members after graduation.

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