Brian Wetzel

Frequently Asked Questions

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How much does disability insurance cost?

The cost of the policy is dependent upon a number of factors:

  • Does the policy consider you disabled if you can’t work in any occupation, or if you can’t work in your occupation?
  • Is the policy non-cancelable and guaranteed renewable, or can the insurance company raise the premium or cancel your policy?
  • What are the financial strength ratings of the insurance company?
  • Age
  • Gender
  • Health
  • Occupation (specialties with invasive procedures may pay more)
  • Optional benefits added to the policy such as inflation protection, residual benefits and the ability to increase your policy at a later date with no medical exam.
 When is the best time to buy a disability policy?
The best time to buy a disability policy is most likely when you are young and healthy since premiums are based on age and health status.
 What is the application process?
  1. Complete the insurance company application for your state.
  2. Upon receipt of the application, a local examiner will contact you to schedule an exam at your convenience (home or office).
  3. You may be required to complete a telephone interview.
  4. The process typically takes three to six weeks depending on your medical history.
 If I have medical problems can I still receive coverage?

It depends on the type and level of the problems. The insurance company could:

  • charge a higher premium
  • exclude the condition from the policy
  • decline the insurance
 Can students and residents apply for disability coverage?
Absolutely! This is one of the best times to apply. As a student you have the opportunity to lock in great savings on disability income protection prior to graduation; several of the major insurance companies we represent offer discounted premiums to upcoming dental school graduates and residents. For a female dentist this can add up to a 40%-50% savings for the rest of their career.

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