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.

Even if you don’t play or watch the game of baseball, you have most certainly heard the expression “cover your bases.”

It essentially means “be prepared” – position your team to be alert for any possibility – whether it’s a line drive hit down the third base line or a runner trying to steal second. The idea is to be ready so no matter what happens you are not caught off guard.

When most people think of life insurance they typically think of the protection it can help provide for their family. But if you are a practice owner life insurance can be valuable for another reason – it can play an important role in helping to provide financial security for your practice. In fact, life insurance can be as vital for the financial well-being of your practice as it is for your loved ones.

As a physician, you have worked hard to achieve much in your life. As you plan for your future, you think of investment strategies and savings plans. If something should happen to you, financial protection for your loved ones is of paramount importance.

One of the best ways to offer immediate financial protection is to obtain a term life insurance policy, whereas many savings plans and investment strategies require time to build value. Once you are approved for a term life insurance policy, your amount of coverage is in place, and immediately helps to provide protection. Term life insurance provides financial protection for your family when they need it the most.

Do you have enough life insurance coverage? Perhaps you may believe that, while you have some insurance, you would like to have increased coverage. But obtaining additional insurance may seem like an inconvenience - and with the demanding workload you have as a physician, you don’t have the time to deal with the process.

That’s why we at TMA Insurance Trust are excited to share with our members a way to get up to $1,000,000 in life insurance coverage with an online application process that is streamlined to save you time and effort.