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  • Sabbatical and Disability Insurance

    Next month I will be moving overseas for two years due to my husband's job. I am a dental sub-specialist, and have excellent disability coverage as recommended by this forum. The cost of the coverage is $400/month for a $14K/month benefit. Should I keep the policy and continue to pay the premiums even though I'm not working? I do intend to resume my practice when I return. Thoughts??

  • #2
    Do you want to keep working during this two year period overseas? If it’s a military PCS, possibly a GS or contractor position overseas. Otherwise perhaps insurance utilization and review. (The dark side, I realize, but something you could do if you don’t have licensure or speak the language where you’re going.)

    Any chance that a dental school where you’re going could use an English speaking sub-specialist for didactics or clinical dentistry?

    $9,600 over two years seems like reasonable insurance on being insurable in the future. That’s three weeks of disability insurance payout if you ever need to use your policy.

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    • #3
      Is the RCT in your username short for root canal therapy? If you’re an endodontist, you shouldn’t have to do too many root canals between now and when you go overseas to cover that $9,600 to keep your disability policy current for those two years.

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      • #4
        You could always check to see what a comparable policy costs today. My guess is that it’ll end up being cheaper to keep your current policy.

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        • #5
          Originally posted by CordMcNally View Post
          You could always check to see what a comparable policy costs today. My guess is that it’ll end up being cheaper to keep your current policy.
          Plus that whole matter of maintaining insurability, preexisting conditions, exclusions, etc.

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          • #6
            Depending on the contract if you are overseas and not working it will still be a payable benefit if you get hurt or sick….
            Scott Nelson-Archer, CLU, ChFC
            281-770-8080 Direct / [email protected]

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            • #7
              "Depending on the contract". Couldn't help but laugh. You need to read your policy and confirm with your agent. Apologies Scott, a wonderful way of saying maybe or maybe not.

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              • #8
                Thank you all so much for your replies--sounds like the consensus is to maintain the policy. I'll double check with the agent if the policy is affected by moving overseas. Thanks again to everyone!

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                • #9
                  Originally posted by Tim View Post
                  "Depending on the contract". Couldn't help but laugh. You need to read your policy and confirm with your agent. Apologies Scott, a wonderful way of saying maybe or maybe not.
                  Well without knowing the carrier, policy series, or if there is a travel exclusion I would hate to say "your covered" when in fact the policy states otherwise. All of the big 6 will cover overseas with an unlimited time unless one becomes disabled and then there are varying time frames for which that insured will need to be back in the USA for treatment. Agreed, one should read their policy but few ever do.

                  Always happy to give you a good chuckle Tim!
                  Last edited by Scott at MD Financial Services; 04-28-2022, 02:22 PM.
                  Scott Nelson-Archer, CLU, ChFC
                  281-770-8080 Direct / [email protected]

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