Archive For: Life Insurance

Who Should Consider LIRP?

Physicians Thrive spoke with subject matter expert, Michael Fontanini, regarding which individuals stand to benefit the most from a life insurance strategy designed to maximize cash-value accumulation. Life Insurance Retirement Planning (LIRP) is a complementary protection and wealth accumulation strategy that allows physicians to diversify and supplement their retirement income with the cash-value of a ... Read More
 
3 Ways to Avoid Taxes on Life Insurance Benefits Veronica Baxter | Boonswang Law Firm As a general rule, proceeds from a life insurance policy are not taxed as income to the recipient. Whether the proceeds take the form of death benefits or Accidental Death & Dismemberment (AD&D) benefits to the insured, those proceeds are ... Read More
 

Provider Reviews: Pacific Life

There’s more to life insurance than just leaving your heirs a lump sum of money when you die. When managed properly, a life insurance policy can actually build wealth and create tax-free income in retirement. But with so many different providers out there, how can you be sure you’re choosing the right policy? Today we’re continuing our ... Read More
 

Term vs. Permanent: A Physicians Life Insurance Comparison Guide

Term life. Whole life. Universal life. Permanent life. Surely you’ve heard these terms before, but now that you’re ready to buy life insurance, you’ll need to understand what they all mean. There are hundreds of different life insurance policies to choose from. Some will cover your final expenses while some will leave a death benefit ... Read More
 

Provider Reviews: AMA Life Insurance

Life insurance is just one of many different types of insurance you should carry as a physician. If you have dependents or a spouse that rely on your source of income, life insurance offers them an added measure of protection when you die. Like all types of insurance, there are a variety of different policies, ... Read More
 

Alternative Tax Free Income for Physicians

When is the right time to use a life insurance contract as part of your financial plan Cash-value universal life insurance contracts are an often overlooked investment vehicle that can offer physicians tax-efficient, low-risk wealth accumulation. As you weigh the value of a life insurance contract in comparison to other financial products, it is helpful ... Read More
 

Life Insurance for Retirement: The Right (and Wrong) Approach

In order to pursue a career in medicine, physicians make tremendous personal and financial sacrifices. With the average medical resident facing nearly $200,000 in debt, it is no wonder that most young physicians feel tremendous pressure to start earning quickly and establish financial independence. As many doctors are busy establishing their career, starting a family, ... Read More
 

Provider Reviews: Banner Life Insurance

Life insurance is one of the best ways to provide financial protection for your spouse and children when you die. In the event of your death, a life insurance policy can be the difference between keeping your family accustomed to their lifestyle and having to sell their home or assets just to get by without your ... Read More