When purchasing your dental practice, it is important consider how you will pay your loans if you become too sick or injured to work. Most banks even require dentists to purchase a disability insurance policy to cover their loan. There are specific policies offered by a handful of companies designed to cover loans in this situation.

Here is how it works:

Say the terms of your loan are $10,000/month payable for 7 years. If you became disabled in the first year, the $10,000/month benefit would be payable to your bank for the remaining 7 years. If you became disabled in year 6, the policy would pay the balance of one year or remaining months to the bank.

For more information about dentist disability insurance or if you are considering covering your loan in the purchase of a dental practice, please contact Set for Life Insurance for your disability quote today.