The debate between advocates of permanent cash value life insurance and people who advocate buying nothing but term and investing the difference in premiums is one of the most hotly contested topics in financial services. Sadly, most of the back-and-forth we see out there generates more heat than
Doctors Need Income Protection
Physicians are quite accustomed to helping people who are temporarily or permanently sidelined from the work force by injury or illness – one at a time. But many physicians don’t quite grasp that they themselves could face disabilities like their patients – disabilities that threaten to derail years
The ‘Big Three’ Must-Have Insurance Policies To Start With
Writing for the Detroit News, financial planner Barry Glassman identifies the three “must-have” insurance plans for American families: life, disability and long-term care. We concur. If you have a car, the law forces you to buy auto insurance (to protect other people, if not yourself). If you buy a
Helpful Life Insurance Advice for Physicians
Few consumer products are the object of a love/hate relationship as life insurance. The thought of buying life insurance is not something that most physicians relish, yet, if it is done right, it can provide the greatest peace-of-mind a person can have. The key is to do it right. Following this
What’s the Best Life Insurance for Physicians? Term Vs. Permanent
With their unique financial needs, and with so much at stake, physicians need to have a thorough understanding of how the two primary forms of life insurance work. All of the various forms of life insurance – whole life, term life, variable life, universal life and the dozens of variations of each –
The Advantages of Owning Life Insurance for Physicians
The purchase of a life insurance policy will never make most physicians’ top ten list of favorite things to do. After all, there is a lot not to like in the whole process of buying life insurance. With hundreds of products from which to choose, it can be confusing. Insurance contracts can be complex
Physicians May do Better with Return of Premium Life Insurance
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
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 bread-winners income, the specific reasons people buy