There is still much about COVID-19 we do not yet understand. But this much is clear: Those who are dedicated to fighting this pandemic on the front lines of healthcare have the highest risk of exposure to the virus.
Physicians across Texas and the nation must confront this reality every day.
So it should come as no surprise that we are receiving a growing number of questions from physicians who are giving new consideration to how they can help protect their family with life insurance.
We know that during these challenging times you are working hard to care for your patients, as well as your family. So here is a quick look at some key questions and answers about life insurance that may be helpful now that we are living in a very different world.
Can I Still Get Life Insurance During The Pandemic?
The answer is yes. There are still options for life insurance coverage – including a plan exclusively for TMA members – even now during the current health crisis.
Is Life Insurance Expensive?
Many physicians are often hesitant to consider term life insurance because they are concerned about the cost. There is a general misconception that life insurance is expensive. Actually, it is very cost-effective for most physicians.
For instance, a 40-year-old male physician can get $1,000,000 of life insurance with a 20-year term for about $50/month.
Can I Get a Plan From a Nationally Known Company?
Members have told us they prefer to work with highly-rated insurance companies. This is one reason TMA Insurance Trust has forged a long-standing relationship with The Prudential Insurance Company of America (Prudential).
Prudential was selected because of their financial strength and stability, insurance industry leadership, speed of claim payments and the quality of their customer service.
As an exclusive benefit, TMA Member Term Life Insurance issued by The Prudential Insurance Company of America is available to all TMA Members. And it is important to note: COVID-19 is covered under the TMA Member Term Life Plan.
Can I Get Coverage Quickly?
You might have heard that since the surge of COVID-19 in the United States, consumers applying for life insurance are experiencing delays from companies reviewing their applications and making approval decisions.
We understand that physicians today are grappling with numerous concerns – both personal and professional – as a result of COVID-19. But we believe at this time life insurance has never been more essential for your family.
Our licensed agents are ready to help. You can get a free consultation and assistance from a TMA Insurance Trust advisor by calling the number below. They have decades of experience helping Texas physicians and can make it simple and convenient for you to get the coverage you need.
Can I Apply Online?
We do provide online application options for TMA members.
Members under age 45 can apply for up to $500,000 of TMA Member Term Life coverage on the Life Express platform – with no health questions asked and no physical exam. An approval decision can be made in minutes right after you apply. To apply, see the link below.
Members under age 55 can apply for up to $1,000,000 of coverage with simplified underwriting that includes just a few questions. You can do so by selecting the $1 Million Life link below now.
Please note: Online application is available only to TMA members.
What If I Want Additional Coverage?
If you already have life insurance and are not sure if your policy provides enough coverage for your family, our advisors can help. They can review your current life insurance coverage and compare quotes from some of the top-rated insurance companies in the nation.
If you decide you want more coverage, you can apply for up to $2,000,000 of TMA Member Term Life coverage by contacting one of our advisors.
What If I’m Not a Member?
You don’t have to be a TMA member to get assistance from our advisors. Our advisors can help both members and non-members with their life insurance needs at no cost or obligation.
Will I Get Personal Service When I Call?
Our goal is to support all Texas physicians with the highest levels of service. If you call for a review and we find that you have enough coverage with your current policy, we will tell you so. If we think your family is under-protected, we will tell you that as well.
We are here to help you get the coverage you need at this challenging time. Our advisors do not work for sales-based commissions – they work for your benefit only. So at no time will you feel any pressure or obligation.
You do not have to face your concerns and questions alone. Our licensed agents are ready to help. You can contact a TMA Insurance Trust advisor for personal service and assistance toll-free at 1-800-880-8181, 7:30 am to 5:30 pm Monday to Friday CST.
Available only for TMA members
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.