As a physician you dedicate your time to providing your patients with the best possible care. With your busy schedule, it’s easy to overlook the importance of reassessing your life insurance policy to ensure you have the right protection in place. However, life insurance is one of the most important financial tools to help provide increased security for your loved ones in the event something were to unexpectedly happen to you.
TMA Insurance Trust offers life insurance to provide support for every stage of your career and to those who would depend on you in your absence. These plans can help ensure your family has the financial resources to maintain the quality of life you intended and cover essential and future expenses. Our life insurance solutions are tailored to your needs, offering both individual plans and a plan for members with exclusive member rates. Additionally, TMA Members have access to exclusive benefits and features, including high benefit amounts.
Five Reasons to Review Your Coverage
While you may have previously secured life insurance coverage early in your career, life changes over the years and your financial responsibilities have likely shifted. That’s why it’s a smart choice to reassess your policy to ensure your coverage keeps up with your needs in today’s economy. Adding the right supplementary coverage plan can help ensure your family remains financially secure and that you have a reliable safety net in place.
Top 5 Reasons Texas Physicians Need to Review Their Life Insurance:
- Inflation’s Effect - You may have bought the appropriate coverage as little as five years ago, but has inflation reduced its buying power? Costs have increased across the board, and a policy that once provided financial security may no longer be sufficient. Additional supplemental coverage could very well be the perfect solution.
- Protecting Your Family - Life insurance helps ensure that your loved ones can cover daily expenses, education costs, mortgage payments, and long-term financial needs if the unexpected happens.
- Can Cover Private Student Loans and Other Debts - Unlike federal student loans, private loans, cosigned debts, and business loans don’t disappear upon death. Life insurance ensures these don’t become a financial burden on your family.
- Limited Employer Coverage - Many employer-sponsored life insurance plans provide only 1-2 times your salary*, which is often far less than what physicians need. A personal policy is based on your specific needs and follows you even if you change jobs.
- Protects Your Medical Practice - If you are a co-owner of a practice, life insurance can help fund buy-sell agreements, cover outstanding business loans, and maintain operational stability if you or your partner(s) are no longer there to practice.
As a TMA Member you have access to exclusive and competitive member rates on group life insurance. We’re here to assist you with securing better benefits at a competitive rate, with a policy that’s built to work for you and your unique financial and career needs. Whether you’re starting out in your career or nearing retirement we may have options to suit your needs, including coverage for physicians up to age 70 with some underwriting.
Tailored Protection for Every Stage of Your Career
We have a unique understanding of your needs as a full-service insurance agency created by physicians for physicians. Our experienced advisors specialize in helping physicians explore their options and make informed decisions to find the right coverage based on their career stage, income, and long-term financial responsibilities. We help you evaluate:
- How much coverage you actually need based on your family’s financial situation.
- Whether your current savings are enough to cover unexpected expenses perhaps without the need for additional coverage.
- What type of life coverage is best for your unique career path and personal needs, whether you work in a hospital, own a practice, or are nearing retirement.
- We work with you to secure the best coverage for your unique needs, and if we don’t think you need additional coverage, we will gladly tell you.
We’re as committed to your profession as we are to your family’s financial health. By securing life insurance through TMA Insurance Trust, you’re not just protecting your family but also supporting your profession. We reinvest and give back to TMA Members through funding programs like free CME courses in the TMA Education Center, providing this valuable resource at no additional cost.
Secure the Right Coverage With Expert Guidance
Don’t wait – planning ahead is crucial to ensure you have the right protection to help secure your family’s future, and coverage will never be more affordable than today. We’re here to assist you and our goal is to make your experience with TMA Insurance Trust exceed expectations. Our experienced advisors are not driven by sales-based commissions like traditional insurance agents and brokers - ensuring you receive unbiased advice with no pressure.
Enrollment is easy and hassle-free, simply click below to get started. If you have any additional questions contact a live agent at 800-880-8181, Monday through Friday, 8:00 AM to 5:00 PM CST. Let’s take the next step towards securing greater peace of mind and confidence for you and your loved ones no matter what the future holds.
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 the highest-rated plans in the industry.
