Life is about fulfilling dreams. You may have a new position, gotten married, had a baby or bought a new home. Buying more life insurance is the last thing on your mind. Yet the life insurance you have from your employer or bought years ago may not be enough to protect the life you and your family envision. So how can you purchase more coverage affordably? Here are a few simple tips:
From a young age, you, like most physicians, began thinking about the future in a proactive way. You likely spent years planning your education and life course, and continued to work hard to achieve your goals so your future would be secure. Once your career began, you sought out financial guidance from trustworthy sources - after all, what is the merit in working hard if it doesn’t pay off in the long term?
As a TMA Alliance member, you work hard to enthusiastically support important causes, including Be Wise - Immunize℠, Hard Hats for Little Heads, The Physician’s Benevolent Fund, and First Tuesdays at the Capitol; all for the future of the Texas community. From all of us at TMA Insurance Trust, we extend our sincere thanks for all you do.
You may question the need for more life insurance simply because you believe you’ll have enough savings, if something should happen to you. But building a nest egg takes time, especially when you have a mortgage to pay, a family to support and medical school loans to pay off.
The health of your practice depends on many factors, not the least of which is a happy and secure staff. When your practice has employees with high morale, they are productive, miss less work, and stay on the job longer; and all these things affect your practice’s profitability. One of the major contributors to low morale is anxiety over personal finances. How can you as a practice owner help your employees feel more secure and valued? One way is through the use of a voluntary benefits program offered by TMA Insurance Trust.
At TMA Insurance Trust, it is our role as your advocate to advise members when an important issue arises so that you are truly protected. In this week’s blog we provide a historical perspective on Universal Life and what can happen when you are not fully educated by an advisor who is not fully informed or not putting your interests first.
We value the life-saving work you do and understand that practicing medicine isn’t just a job. It’s a way of life - one that impacts you and everyone in your life. That’s why TMA Insurance Trust is continually looking for new ways to support member physicians and their families.
Life insurance may be the last thing on your mind, if you’re a medical student, resident or young physician just starting out. Since you have few, if any dependents, you may think it’s a waste of money. Yet young physicians like you, in Texas and around the country, are starting careers with more financial risks than any previous generation of physicians.
