Term Life Insurance
Term Life Insurance, as the name suggests, provides life insurance coverage for a specific period of time, usually a 10, 15, 20 or 30 year term. Because Term Life does not have a cash value feature, it is significantly cheaper than permanent life insurance policies. Term Life is meant to cover you for the time when you need to keep your family or business financially secure should the worst happen.
Term Life insurance can be very useful to younger dentists since they have a high insurance need by comparison to more established dentists due to greater debt and fewer assets. Term Life can help your family to pay off the debt that tends to accrue at the beginning of a dental career due to student loans, home mortgages, and practice loans.