Could it get any worse? That’s what so many Texans are asking these days.
With a crippling pandemic, a devastating storm and its disastrous aftermath, the people of Texas – certainly Texas physicians – have seen enough tribulation this past year. It’s become clear that our lives can change dramatically overnight as a result of circumstances over which we have little or no control.
It is from this perspective that we might approach the topic of life insurance.
If you are a physician who is employed by a medical center or other practice, you probably have life insurance as an employee benefit. But does your current policy offer enough coverage to provide the right financial insurance protection for your family? And as some employers cut costs, can you be sure that your benefit will remain? Will it be reduced or eliminated at some point in the future?
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.
Right now, your patients are depending on you more than ever; your family may be depending on you in many new ways, and the risk to your own personal safety is greater than in times past. We see that it is a highly stressful time to be a physician, and we want to help. If you are thinking about your needs for life insurance, we want to make the process as simple as possible for you.
As you near the conclusion of your medical residency, you can rightly be proud of your accomplishments, and have reason to look forward to a successful career. But the world has changed, and the face of medicine looks strikingly different than when you began this journey. No one can say with certainty what the future holds. Because the unexpected does happen, proper insurance coverage is vital for helping you successfully meet the unknown.
What type of insurance should you carry as a resident or fellow? For those who aren’t sure where to start, we have created a package of the most essential insurance products for physicians who are starting out in their careers.
In these uncertain times, physicians are now facing tremendous risk in ways never before experienced. We feel for the many thousands of physicians in Texas that are now living with great uncertainty in both their personal and professional lives. There is so much out of our control, but something you can control is having appropriate financial protection. Are you, like many others, thinking seriously about ways to help protect your family? If so, we can help.
Almost everyone is familiar with the value of life insurance. Most people, however, think of life insurance in terms of personal benefits – for the financial protection it can help provide for our loved ones.
But if you are an independent practice owner, life insurance can be a crucial part of your professional safety net. Your life insurance portfolio should not only provide enough insurance protection to comfortably provide for members of your family, but it should also help cover the needs of your practice.
As a physician, life insurance is a crucial part of your financial safety net. But many physicians may not have the coverage they really need for proper protection. True, they likely carry some life insurance. But upon closer examination, the coverage may not be adequate in amount, or in other ways. Let’s discuss some situations that may leave a physician without proper insurance protection, and how TMA Insurance Trust can help.
