Learn the Benefits of Term Life Insurance for Dentists
Term Life Insurance Coverage for Dental Professionals
Term life insurance was created as an affordable solution to addressing an unexpected death during a limited number of years. For a fixed number of years, term life insurance can provide your dependents or lenders with a substantial safety net. This makes it a common choice for dentists and other dental professionals who want to ensure their loved ones are financially secure in the event of their untimely death.
While the need for term life insurance varies, it’s frequently used by practicing dental professionals to protect family, provide an estate in the event of premature death, and serve as collateral for business and other loans.
Important Term Life Insurance Options for Dentists
Common considerations when purchasing these policies are the number of years you expect to earn an income and the amount your family needs to sustain their lifestyle without you (mortgage, tuition, car payments, monthly bills).
Explore life insurance policy options and customize the right fit for your family, with our help.
Term Life Insurance for Dentists at a Glance
- Compared to some other options, term life insurance is often used to provide a large benefit to young families for relatively low premiums.
- Common coverage terms are between 10 and 30 years.
- Benefit amounts are typically static.
- Policy premiums can be level or begin at a lower rate and increase annually.
- Term life may be combined with permanent life to meet coverage needs.
- Once the set term has been reached, some policies can be renewed at increased cost, terminated or converted into a permanent life policy (you may be required to go through additional underwriting).
- Common uses include:
- Providing living expenses for dependents
- Paying off mortgages and loans
- Small business loan collateral
- Funding buyout agreements between partners
Explore Term Life Insurance (or other items) With Treloar & Heisel
Treloar & Heisel offers services and solutions for every stage of your career. For decades, we have specialized in working with medical professionals like you to build solid insurance foundations for solid financial futures.
About Treloar & Heisel
Treloar & Heisel, an EPIC Company, is a premier financial services provider to dental and medical professionals across the country. We assist thousands of clients from residency to practice and through retirement with a comprehensive suite of financial services, custom-tailored solutions, and a strong national network focused on delivering the highest level of service.
Start Your Journey With Us
It’s important that your insurance can keep up while your career accelerates. Purchasing term life insurance can provide you the peace of mind that your finances and lifestyle are protected now and into the future.
To explore your options, schedule your free consultation today by filling out the form below.
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