Help Protect Your Retirement Security

By FDA Services

Long-term care is the inability to care for one’s self due to an illness, injury or disability. This care provides assistance with daily living activities and is provided in a variety of settings, including in-home care. The need for long-term care can last for a few months to many years.

Long-term care for an individual can cost from $60,000 to more than $100,000 per year. These costs can severely disrupt the financial security of affected families. Private health insurance and Medicare are not intended to pay for long-term care. Long-term care insurance is becoming a popular way to protect against financial hardship when the need arises.

Make sure you have a plan for you and your family. Call FDA Services at 800.877.7597 to learn about long-term care insurance or go to http://www.completelongtermcare.com/assoc/fda.aspx.

Disability Overhead Insurance — Protect Your Practice!

By Dan Zottoli, Director of Sales – Atlantic Coast, FDA Services Inc.  

How hard have you worked to build your business? I would assume that all of you answered that in your head and came up with, “I WORK HARD!” Now, what if you became ill or injured and could no longer work? So much time, money and effort was spent building your practice — how do you protect what you have built to ensure that your practice can survive if something should happen to you and prevents you from seeing your patients?

Disability overhead insurance is designed to pay the practice expenses in the event that the dentist becomes disabled. Unlike personal disability insurance, disability overhead insurance policies are shorter in term. They are designed to pay a benefit for 12-24 months (in most cases) to keep the practice current on its financial obligations in the event a dentist becomes disabled. The idea behind this type of policy is simple. If you became disabled, you need money coming in until you develop a strategy for your next move. The duration of a disability will vary from case to case. By having cash coming in from a disability overhead insurance policy, you will have the time to determine whether you will be back to work or in permanent disability situations, when you will be back to work, whether to sell the practice or get an associate to come in to see the patients.

There are many factors to consider when looking at disability overhead insurance. The most important factor is finding the right agent to assist that can explain and clarify the details of each company. The FDA Services’ experienced staff is ready to get to work for you. For more information, contact FDA Services at 800.877.7597 or insurance@fdaservices.com.