From a young age, you, like most physicians, began thinking about the future in a proactive way. You likely spent years planning your education and life course, and continued to work hard to achieve your goals so your future would be secure. Once your career began, you sought out financial guidance from trustworthy sources - after all, what is the merit in working hard if it doesn’t pay off in the long term?
There are many financial vehicles you can use to wisely and profitably plan for the future, and these methods have their place in your financial plan. Still, if you’re looking for guaranteed protection for your loved ones’ future, nothing can match the value of level term life insurance.
The Value Of Term Life Insurance: Illustrated
One way to see the value of level term life insurance is to consider an example. Suppose a 40-year-old physician purchases a 20-year level premium term life policy with a face value of $1 million. At the time of purchase, the annual premium of approximately $500 will be locked in, and will not increase for the term of the policy. This means that, over the course of the next 20 years, an immediate $1 million of protection is ready to be used whenever it is needed.
The Value of Immediate Protection
Level term life insurance provides a foundation for your family’s estate immediately. It is not something that needs to build value over time. Once you are approved, the amount of coverage outlined in your policy is in place and protects your family from the very day that the policy becomes effective.
Other parts of your financial plan may provide a safety net over the course of time, but until that happens, it is responsible to have immediate protection in place from the very start.
The Value of Guaranteed Protection
Life may be uncertain, but the protection of level term life insurance is not. With level term life insurance, you will acquire an affordable financial safety net for your family – guaranteed. Because it is guaranteed protection, level term life insurance is an excellent foundation for your financial future.
The Value of Tailored Coverage
When you secure a level term life insurance policy, you can be sure that you will not have to buy more than what you need. Life insurance can be tailored to provide you with just the right amount of coverage so you don’t overspend.
If you’re looking for the best value in financial protection for your family, term life insurance provides affordable coverage that is immediate and guaranteed.
But how much coverage does your family need? It helps tremendously to have expert guidance in this matter. As a TMA member, you have that help ready and waiting — whenever you need it. We can help you review your current life insurance coverage so you can be sure your family is properly protected. Call us today.
For over 60 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry.
