You would think that the main thing that separates the financial winners from the losers is money. Obviously, the more money people have, the more things they can buy, but that doesn’t necessarily translate into happiness. Even physicians who make a lot of money can find themselves at its mercy if
What’s the Best Life Insurance for Physicians? Just the Facts Please
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
How to Choose the Right Investment Advisor
With the proliferation of investment and personal finance websites, physicians have access to a boundless number resources and tools once only available to financial professionals. And, while an increasing number of physicians consider themselves to be at least somewhat self-directed in their
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
Asset Allocation through the Physician’s Life Cycle
Asset Allocation through the Physician's Life Cycle As you age your lifestyle needs change as do your investment outlook and priorities. For most physicians, the longer their time horizon, the more risk they are willing to take in order to achieve better returns on their investments. Then, as their
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