According to Texas law, certain types of insurance coverage are mandatory. For example, if you drive a car or own a mortgaged home, you must have insurance. Even though these types of insurance are commonplace, it is surprising how many people are improperly insured. Indeed, after some investigation, you may find that you are overspending, underinsured, or unaware of truly valuable protection options.
In the United States, 95% of homeowners have home insurance, but only 40% of renters have renters insurance. This is a truly alarming statistic.
Wendell England is the Director of Member Benefits for TMA Insurance Trust. He is responsible for reaching out to Texas physicians and medical students about the excellent services TMA Insurance Trust offers, both person-to-person and at larger events. Recently, we asked him a few questions about TMA Insurance Trust, and were happy to hear his unique perspective.
As a physician, you know how important preventive care and early detection is for your patients’ physical health. You likely use these terms so often that they begin to feel clichéd. Still, the truth remains: Health problems are best prevented, and if they can’t be prevented, they should be caught early.
It’s no secret that oral health has a sizable impact on your well being. If you’ve ever experienced a toothache while attending a conference far from home, or needed a crown repair just when you thought your teeth were in tip top shape, you know that dental care is of primary importance.
We value the life-saving work you do and understand that practicing medicine isn’t just a job. It’s a way of life - one that impacts you and everyone in your life. That’s why TMA Insurance Trust is continually looking for new ways to support member physicians and their families.
Life insurance may be the last thing on your mind, if you’re a medical student, resident or young physician just starting out. Since you have few, if any dependents, you may think it’s a waste of money. Yet young physicians like you, in Texas and around the country, are starting careers with more financial risks than any previous generation of physicians.
As a physician, protecting your family with the right amount of life insurance isn’t a simple point and click operation. Inputting an income amount into a calculator will give you the estimated coverage for that income level. But It won’t account for any debt, savings or other risks. And it doesn’t look at your unique lifestyle, your goals or your future income.
