We get it—life insurance isn’t always a priority, whether you’re just getting started or have been practicing for years.
Life has finally started to take shape after all the long hours and effort it took to get here. You’re earning, planning, maybe paying off loans, or settling into your first real home. You’ve got momentum and you’re putting the pieces in place for what comes next.
It’s easy to assume life insurance can wait until later, when things feel more settled or someone officially depends on you. But in reality, this is one of the best times to get coverage, because when it’s needed, it’s priceless. Life insurance can be one of the simplest, most cost-effective ways to help protect your future and the people who are part of it.
Why should you think about life insurance now?
If you're early in your career, life insurance is often more accessible and affordable. Being younger and in good health can open the door to lower premiums and more options, whether you prefer long-term stability or room to adjust as life unfolds.
TMA Insurance Trust offers two types of term life insurance, so you can choose what works best for you. One lets you lock in your rate for a set number of years—like 20 or 30—so your cost stays the same during that time. The other, available to TMA members, renews each year and adjusts your rate every five years as you get older. The big benefit? You can keep it as long as you need it, even decades from now.
At this stage, your income may be doing a lot, covering rent or a mortgage, student loans, daily expenses, and big future plans. If something unexpected happened, the people who rely on you financially might not have much to fall back on. Life insurance helps make sure they’re not left to figure it all out on their own.
What if you don’t have a spouse or kids yet?
That’s okay—this still matters.
Many physicians share financial responsibilities with family or others. Maybe you’re covering shared housing costs, helping to support a parent, or carrying a loan that a family member co-signed, like your medical school loan. Having life insurance in place can be a way to protect them if something happens before that loan is paid off. Those obligations don’t just disappear if you’re not around.
And if you plan to have a family in the future, securing coverage now gives you more control and flexibility later, when life tends to get more complex. Taking care of it now helps keep your options open and gives you one less thing to worry about down the line.
Can you get coverage later in your career?
Yes, absolutely. We regularly work with physicians in their 60s and 70s who revisit life insurance after a shift in their financial situation, whether due to market changes, legacy planning, or outstanding debt.
That’s why we’ve identified a top carrier that offers term life insurance for physicians into their 70s (with some underwriting), for those looking to add extra protection later in life.
But while it’s never too late to explore options, getting coverage earlier often means more choices, lower costs, and stronger long-term value.
Where should you start?
With us, TMA Insurance Trust.
We work only with physicians, so we get the decisions you’re juggling. Whether you’re new to life insurance or thinking about adding more coverage, we’ll walk you through options from top carriers in Texas. Our guidance is always objective since our advisors don’t earn sales-based commissions. You can expect honest input and help finding what fits, no matter where you are in your career.
Click below or call us at 800-880-8181, Monday through Friday, 8:00 AM to 5:00 PM CST, and talk to a real person who understands your reality.
For over 70 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 quality insurance plans.
