Most physicians who buy term insurance are satisfied that they are paying less for their coverage than they would with a permanent life insurance plan. Still, many might feel that, after 20 or 30 years of paying into a policy without ever needing it, is like throwing money down the drain. Of
Why Young Physicians Need Life Insurance
Why Young Physicians Need Life Insurance Life insurance is one of the most widely owned financial instruments because it can fulfill so many different needs. While the overriding need for most people is to provide financial security for those who are dependent in one way or another on a
Should Physicians Own Term Life or Whole Life Insurance?
Should Physicians Own Term Life or Whole Life Insurance? The decision to buy life insurance is one of the most important that we can make in our financial lives. It requires careful consideration of our needs, concerns and priorities. When the decision is finally made it brings a sense of relief
When Physicians Should Change Their Life Insurance Coverage
When Physicians Should Change Their Life Insurance Coverage The one thing of which physicians can be certain is change. Life happens every day and, as a result, we are constantly assessing our situation and changing our course, usually by making small adjustments. A life insurance purchase is one
How Much Life Insurance Coverage Do You Really Need?
How Much Life Insurance Coverage Do You Really Need? One of our physician clients asks: I’ve been putting off buying life insurance, but now that I’m married with a baby on the way I need to do the responsible thing. I’ve settled on buying term insurance, but I’m not sure on how much I should get.
Protecting Assets
Protecting Assets Like life insurance, disability insurance is designed to protect you and your family in the event you lose your income. Life insurance protects an income loss is due to death. Disability insurance (or DI) covers loss of income is due to sickness or injury. Determining the amount
Four Simple Ways To Make Life Insurance More Affordable
Four Simple Ways To Make Life Insurance More Affordable According to a study by LIMRA, a financial-services research firm, the amount of families in the U.S. who are not covered by life insurance has increased from 22 percent in 2004 to 30 percent. These figures mark a 50-year-low in life-insurance