Calculate your approximate need for Term Life, Income Protection, and Office Overhead insurance with the online Coverage Calculators. After calculating the suggested coverage amounts for your individual situation, see how low our exclusive member-only rates can be - get a rate quote with our online Rate Calculators.

How much Term Life insurance do I need?
How much Income Protection insurance do I need?
How much Office Overhead Expense insurance do I need?

How much Term Life insurance do I need?

To estimate the amount of insurance you need to help protect your family, consider the following questions:

• How much cash will be needed at the time of death to meet my family’s immediate obligations?
• How much income will be needed in the future to sustain the household?

The Coverage Calculator below will help you determine the amount of coverage you need. You can use this same calculator to estimate how much Term Life coverage your spouse needs.

Coverage Calculator
Estimated Immediate Cash Needs At Time Of Death (Enter only numbers, no commas or dollar signs.)
A	Outstanding personal debt (personal loans, student loans, car loans, credit card balances, etc.)	$
B	Outstanding business debt (practice loans including equipment, consulting, etc.)	$
C	Outstanding mortgage(s)	$
D	Final health care and funeral expenses	$
Estimated Future Cash Needs
E	Children’s tuition funding	$
F	Annual income your family would need each year after your death (not including inflation or investment performance)	$
G	Number of years income should be provided
	Total estimated cash needs	$
Available assets
H	Your current savings, investments, and retirement funds	$
I	Existing life insurance	$
	Total available assets	$
Amount of Term Life insurance you need		$

To discuss your coverage needs or unique circumstances, contact a Plan Specialist at 866-607-5338 or ada@gwl.com

How much Office Overhead Expense insurance do I need?

Business expenses add up. Use this worksheet to itemize your annual expenses and determine the amount of Office Overhead Expense insurance that’s right for you.

COVERAGE CALCULATOR

Total expenses to include:
A	Total business-related expenses from the appropriate tax form: Sole Proprietorship: Schedule C, line 28 S-Corp: 1120S, line 20 Partnership: 1065, line 21	$
B	Annual student loan payments	$
	Subtotal	$
Annual expenses to exclude:
C	Laboratory fees	$
D	Clinical supplies	$
E	Your own salary	$
F	Salaries of dentists you employ	$
G	Travel, meals, and entertainment	$
	Total exclusions	$
Total eligible monthly expenses		$
Current monthly business overhead coverage (if any)		$
Amount of Office Overhead Expense insurance you need		$

When determining how much coverage you need, be sure that your total monthly coverage from all insurance sources, including this Plan, does not exceed the actual monthly overhead expenses for which you are legally and financially liable. You cannot be reimbursed for expenses you do not incur.

While the list of covered expenses is extensive, not all business expenses are covered under this Plan.

How much Income Protection insurance do I need?

This worksheet will help you determine the amount of monthly disability income insurance you need to adequately replace your income. Since disability benefits are usually free of federal income tax, your total disability benefits should equal about 60% of your earned income.

COVERAGE CALCULATOR

A	Annual earned taxable income from dentistry	$
B	Monthly income you’re replacing	$
C	Monthly disability coverage needed*	$
D	Your current disability income protection coverage	$
E	Amount of Income Protection insurance you need**	$

*The amount of disability insurance you need is typically 60% of your net monthly income.
If your net monthly income exceeds $13,333, please call a Plan Specialist at 866-607-5338 for assistance.