Can you imagine, working as hard as you have to get where you are and then one day you find yourself unable to work.

Income stops. Your life work is paused.

But your debts and dependents remain. This would be a harrowing situation that none of us ever want to experience. Thankfully we can protect ourselves and our families from this.

But when and what kind of insurance should you get? What are the clauses that can catch dentists? How much does all this cost and can it be in within super?

It might not be the most glamorous topic but it might just be the most important, particularly if you’re the unlucky one.

This episode we welcome Mark Rothnie. Mark is the manager and director of Rothnie Financial Security and for 17 years has worked closely with the medical field as a risk insurance specialist.

It was great chatting to Mark who is generous with his advice and clarifies a ton of information about this critical topic.

In Episode 8 we cover:

  • Insurance for new grads and why it is important  early.
    • The way underwriting works and how this can work in your favour early
  • In Australia – once your policy is set and you’ve been truthful with your disclosures it can’t change and you are protected  
  • What is income protection – insurance policy to protect what you earn against disability
    • Accident protection options
  • Lump Sum insurances (life insurance, permanent disability, trauma)
    • Life insurance – young, single with no dependents or major debts not overly necessary
    • Total permanent disability – if you can never return again to work – you would be paid a lump sum
    • Trauma – medical condition specific e.g. malignant cancer, stroke, quadriplegic, paraplegic – covers out of pocket medical expenses that the medical cover won’t pay. This can be paid out with other insurance payments also
  • Stepped and level premiums and what they are
  • Ensuring that your cover has the ‘Own occupation definition’ opposed to ‘any occupation definition’
  • Always be clear with insurance company if you have had anything in the past – fully disclose everything
  • Generic insurers compared to medical/dental specific
  • What to do in the event of a claim

Rothnie Financial Services website

The Dental Head Start Podcast is for students and new graduates. We interview successful dentists and specialists to uncover the tips, tricks and advice to help you transition from dental school to private practice successfully.

David is a recent graduate dentist working in private practice in regional NSW, Australia. Read more at

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