If you're like the majority of today's graduates, you couldn't have done it without incurring Student Loan Debt. How would you repay your loan obligations if you became to sick or injured to work? Dentists average a staggering $200,000 in student loan debt when beginning their careers*.
As you begin your career, your unpaid student loan balance is at its highest, and your income is just beginning to grow. An injury or an illness would have its greatest impact on you during the early stages of your career. With little time to have accumulated savings plus significant monthly expenses and loan payments, you would face difficult financial choices.
You can protect your ability to meet your student loan obligations in the event of a total disability with optional Student Loan Protection. Student Loan Protection provides up to $2,000 in coverage over and above individual disability issue and participation limits. Guardian is the only disability income carrier to offer Student Loan Protection**.
*Financial Planning Issues for Dental Students, American Dental Association
**Disability income insurance policy form 1400, 1500 and 1600 underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, M.A. a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, NY. Product availability, provisions and features may vary from state to state. Optional riders are available for an additional premium.
***Reimburse $500-$2,000 per month toward student loan payments for those pursuing or holding an advanced degree. For all others, reimburses $500 - $1,000 per month.
****The Rider provides coverage for period of ten or fifteen years from the Policy Date. When a qualifying total disability occurs, benefits are only payable during the remaining portion of the ten or fifteen-year term that has not elapsed when the disability begins.
*****30 year old male, occupation class 4M. 90 day elimination period, 15-year term, generic non-discounted rates, $500 per month coverage.