A few weeks ago, we turned the page on another calendar year. For many people, the start of a new year provides an opportunity to take stock of their lives and often involves a review of their finances.
When it comes to our financial health – and the well-being of our family – we believe it’s essential to include life insurance as part of that review.
As a physician, the difference between instant results and having to wait for days can sometimes have a significant impact. A delay in implementing the right kind of care for a sick patient could drastically alter their outcome.
Your income provides a strong financial foundation for you and your family and life insurance can be one of your biggest allies in helping to keep that foundation secure. However, according to life insurance industry estimates, about 58% of men have life insurance but only 47% of women are covered.* To appreciate the value of life insurance for you as a physician, it’s important to understand all the various ways it can help you as your career progresses.
Of all the insurance you will likely obtain throughout your career and lifetime, life insurance stands apart. It is one of the easiest types of coverage to secure, while also providing a maximum amount of financial protection and added peace of mind to you and your family.
In these uncertain times, it’s not just smart planning to have a life insurance policy in place–it’s essential. For TMA Members, it’s never been easier to apply.
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.
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 can 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.
"Don't put off until tomorrow what you can do today."
It rang true when Ben Franklin said it over two centuries ago. And it may, in fact, be good advice when it comes to reviewing your current life insurance coverage.
