GDA Action April May 2020

32 • April/May 2020 Now offering Medicare Supplements Are you or someone you love thinking about Medicare? Stop here and let us answer your questions and calm your fears. Why Now is the Best Time to Evaluate Your Insurance Needs? To help GDA members navigate these turbulent times, Georgia Dental Insurance Services (GDIS) experts are providing the following tips on what you should be doing now to save on insurance and protect yourself in the future. Evaluate Life and Disability Insurance Needs This is your opportunity to review your current life and disability insurance policies. These policies may have fit your financial needs years ago, but do they fit your financial needs today? Although you may have locked in a great rate when you were young, you may be able to add additional policies to meet today’s financial needs. Life and disability insurance companies are offering minimal underwriting requirements during the COVID-19 pandemic. Take advantage, don’t miss this window of opportunity. Consider aWhole Life Policy Early in Life Many young professionals understand the importance of having a disability and life insurance policy. Most elect to purchase a term life insurance policy as these policies are less expensive. Did you know that a whole life policy, although more expensive, builds cash value and doesn’t expire? As your whole life insurance policy builds cash value you are allowed to borrow against your death benefit—tax The COVID-19 pandemic has wreaked havoc on the dental community. With offices only seeing patients for emergency care and numerous layoffs, many small business owners are scrambling to make ends meet and keep their business afloat during this public health and economic disruption. “We have so many insurance policies with our businesses. I get so frustrated as a business owner with trying to find the right insurance, with adequate coverage, all at a reasonable price. Michele Amatulli at GDIS did a great presentation at the Southeast District, then afterward met my wife, Elizabeth, and I at our office. Michele immediately went to work helping us organize (a big job), consolidate, and update some of our business and personal policies. I loved what Michele said to our district members, ‘GDIS is your company, use our opportunities!’ Thank you so much GDIS and Michele for your help with Powell Dentistry Group. GDA Strong!” – Dr. Zach Powell “Once in a while you run across that someone that makes the mind- numbing mundane tasks of insurance seem not so bad. Kelly was that person for me. I made a switch in my malpractice insurance, and also had to get several other insurance policies in place at the same time. While I expected the process to be tedious, it was so much easier than I expected. Her playful personality combined with her eager attitude to get the job done made the process painless... and she also saved me a lot of money in the process! Thanks for everything Kelly.” – Dr. Hetesh Ranchod