{"id":4381,"date":"2026-10-23T03:33:56","date_gmt":"2026-10-23T03:33:56","guid":{"rendered":"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/key-person-insurance-dental-medical-practice\/"},"modified":"2026-10-31T05:29:44","modified_gmt":"2026-10-31T05:29:44","slug":"key-person-insurance-dental-medical-practice","status":"publish","type":"page","link":"https:\/\/nrcpas.com\/life-insurance-guides\/key-person-insurance\/key-person-insurance-dental-medical-practice\/","title":{"rendered":"Dental Practice Key Person Insurance: Coverage Review"},"content":{"rendered":"\n
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Key Person Insurance | Florida<\/p>

Dental Practice Key Person Insurance: Coverage Review<\/h1>

Talk with NR CPAs & Business Advisors about how key person life insurance can help protect your dental practice and the people who depend on it. Our coverage review looks at the policy, the premiums and the tax and cash flow effects together.<\/p>

Call us today<\/a><\/div>
Call us today<\/a><\/div><\/div>\n<\/div><\/div>\n\n\n\n
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What a coverage review covers<\/h2>\n

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Coverage for the practice<\/h3>

We discuss how key person life insurance can help a dental practice plan for the loss of an owner or clinician whose work is central to the business.<\/p><\/div>

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Policy structure<\/h3>

We explain the policy types we place, including term and whole life, and what each means in plain terms for your practice.<\/p><\/div>

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Tax and cash flow view<\/h3>

As a CPA firm, we look at how premiums and ownership may affect your practice's finances, so you can weigh the cost against your goals.<\/p><\/div>

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Coordination with your advisors<\/h3>

We can work alongside your existing accountant, attorney or benefits team so the coverage fits the rest of your planning.<\/p><\/div><\/div>\n\n<\/div>\n\n\n

By Nischay Rawal \u00b7 Published October 22, 2026<\/p>\n\n

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Dental practice key person insurance is a life insurance policy the practice owns on a clinician whose work drives its income. If that dentist or physician dies, the proceeds go to the practice. The practice can then use them to help cover payroll, rent, and loan payments. This page explains how the coverage works in dental and medical offices, and how a coverage review with NR CPAs & Business Advisors can help you decide.<\/p>\n\n

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Not sure what your next step is?<\/h3>

Talk it through with our team — we can walk you through how a situation like yours is usually handled and what your options are.<\/p>

Schedule a coverage review<\/a><\/div>
Schedule a coverage review<\/a><\/div><\/div>\n<\/div>\n

What key person insurance is and who it fits<\/h2>\n

Key person insurance<\/a> is a policy a business buys on someone whose work it depends on. The Insurance Information Institute<\/a> describes it as a way to offset financial losses from the death or disability of a key employee. In a dental or medical office, that person is often the owner-dentist or lead physician. Their patient base, license, and daily clinical work are hard to replace quickly.<\/p>\n

This coverage often fits three kinds of practices:<\/p>\n