If you have been watching the news lately, you have heard that inflation is on the rise. For example, CNBC recently reported a US Bureau of Labor Statistics analysis that showed inflation surged 7.5% on an annual basis, even more than expected and highest since 1982.*
Regardless of profession, inflation affects the prices you pay for goods and services. But it also affects things you may not expect, like your life insurance. If you put a life insurance policy in place years ago–even 5 years ago–the lump sum benefit would not cover as much now as it would have then. You may now need a supplemental policy in order to give your family the right amount of financial security again.
If you aren’t yet insured, taking a few minutes of your time to put a plan in place could provide years of reassurance and added peace of mind for you and your family.
Insurance for Your Life Now
Life insurance is so beneficial because it can help ensure that your financial obligations are covered and your family has some economic stability should anything happen to you. But, as time passes, your policy may not be keeping up with the rate of inflation.
Since securing your life insurance policy have you:
- Financed a vacation property?
- Taken out a second mortgage or loan in order to open a practice?
These kinds of changes in financial responsibility–as well as future expenses like buying a new vehicle or putting a child (or children) through college–can mean that the life insurance policy you bought years ago is no longer adequate.
Add or Apply—It’s Easy
Speaking to an advisor and briefly reviewing your policy can help ensure you and your family will have the right amount of coverage for when it’s needed most. Call 800-880-8181 anytime between 8:00 am and 5:00 pm, Monday through Friday, CST.
Some think that life insurance is a hassle to obtain and that the application process is time consuming. This is not true for TMA members. You can now apply for TMA Member Term Life insurance in ways that are faster than ever before.
If you are a TMA member under age 45, you can click the "Life Express" option below to apply for up to $750,000 of coverage with an instant decision.
If you are a TMA member under age 55, you can apply online for up to $2 million of coverage with simplified underwriting by clicking the "$2 Million Life" option below.
If you prefer personal assistance or have questions regarding the TMA Member Term Life plan, you can contact one of our advisors.
Over 55? TMA Insurance Trust advisors can review other options with you as well. For example, physicians in their seventies are still eligible for a ten-year term life policy with underwriting requirements.
Click the button below to have a dedicated life insurance specialist get in touch with you to review all your options. If you prefer, you can call an advisor at 800-880-8181 at a time convenient to you between 8:00 am and 5:00 pm, Monday through Friday, CST.
Reliable for Life–Past, Present and Future
For decades, TMA Insurance Trust has been dedicated to helping Texas physicians, their families and their practice employees protect what they’ve worked so hard for.
That hasn’t changed.
Life is filled with uncertain risks and unplanned outcomes. At TMA Insurance Trust our goal is to help you and your loved ones be as protected as possible. None of our advisors work for sales-based commissions, so their advice and recommendations are based solely on your unique needs. We listen, we care, we’re here to help.
Call or click and let’s make sure we’ve got you covered for what comes next.
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.