Life Moves Fast, Is Your Life Insurance Plan Keeping Up?
When you obtain life insurance you help protect your family's finances while you are building wealth. As your career progresses and your financial responsibilities increase, you may need more coverage to help ensure your obligations will be met and your family can live with financial security. You may decide later a term life policy is a smart estate tax planning option.
TMA Insurance Trust Advisors works with leading carriers and can help physicians get any amount of coverage they need. We have advised physicians on how to help protect their family’s financial security and future dreams with life insurance for generations. We are ready to have a conversation about life insurance strategies and have plans suitable for you and your unique situation.
If you are an independent physician with a group of partners, life insurance may help protect the interests of the partners in the event one partner passes away. For example, it can be used to help pay business debt or used as collateral to secure a business loan. Below, you can quickly apply for life insurance online.
Life insurance can also be an important part of a succession plan. Partners can secure life insurance on each other. This may help provide the necessary funds, at the exact time needed, to buy out the deceased partner’s heirs.
TMA members under age 45 can apply online for a total of up to $750,000 with no health questions and no physical exam. Members under age 60 can apply for up to $2,000,000 of TMA Member Term Life Insurance. This coverage is issued by The Prudential Insurance Company of America.
Life insurance may be more affordable than you think. For example, a 37-year-old nonsmoker could purchase $1,000,000 of level premium term life insurance for $500 a year for a 20-year term. Ten-year and 30-year terms are also available.