Dental Office Staff:
What Types of Insurance Do I Need to Protect Myself and My Family’s Lifestyle?

As a dental professional, you have your own set of insurance needs. An illness or accident can deprive you of the ability to earn an income, or worse yet, your very life. So you’ll need a core of personal insurance policies which protect you and your family. If you have questions regarding how to protect your family and its lifestyle, call us.

You’ll need to protect your family's standard of living should you die. You can do this with life insurance, which protects your family financially by assisting with the costs of caring for minor children, future mortgage payments, funeral expenses, legal fees, taxes and other expenses.

You’ll need to protect your family against the financial consequences of a serious medical condition with Critical Illness Insurance. This coverage provides you with timely financial assistance in the form of a lump-sum payment to use any way you need, after the diagnosis of specified medical conditions (and policy conditions are satisfied). For example, you might use the benefit to pay for early medical treatment outside of Canada or for treatment that isn’t available in Canada, to retrofit your house to meet certain special needs, to fund professional child-care or in-home nursing care, or to simply make an important dream come true. The benefit payment could allow you to protect your family's quality of life and preserve your investments and savings.

If you become injured or ill and unable to work, your bills and other everyday living expenses still need to be met. That’s why you’ll need long term disability insurance, which provides a benefit to help replace income should you become disabled.

A major injury resulting in permanent and total "loss of use" may require you to incur costs to make your home wheelchair accessible, train for a new occupation if you are unable to work in your field or to purchase special medical equipment. Accident insurance protects you from the financial consequences of such an injury, which could easily run into the hundreds of thousands of dollars.

If you’re even thinking of travelling outside of your home province, you should be aware that travel insurance is a necessity. Without proper travel insurance, just a couple of days in the hospital may cost you thousands of dollars and an extended stay could spell financial disaster.

For information on the full range of superior personal insurance plans designed specifically for the needs of dental professionals offered through the Canadian Dentists’ Insurance Program, click here to visit the insurance page of our affiliate company, CDSPI.

Dental Office Staff

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