Many younger Americans lack life insurance. A 2014 report from insurance industry analyst LIMRA found that only a third of Gen Y Americans have any life insurance coverage. In the same survey of 6,000 respondents, six in 10 Gen X and Gen Y Americans said their households would be hard pressed to make ends meet ... Read More
The Physician’s Life Insurance Primer Series: How life insurance fits in a savings and tax diversification strategy For many people, life insurance forms the security foundation of their financial plan. While most financial planners recommend that life insurance be purchased for its protection, and not as a primary savings vehicle, few would argue that cash ... Read More
The Physician’s Life Insurance Primer Series: What is Whole Life Insurance and how does it work? Although whole life insurance, in its present form, has been around for over a century, it remains somewhat of an enigma for people who want to buy permanent protection, especially as new forms of life insurance have sprung up ... Read More
The Physician’s Life Insurance Primer Series: Right-sizing your policy can offer the real peace-of-mind that insurance is meant to provide. Anyone with a family to protect understands the critical role life insurance plays in their financial plan. However, in determining the actual amount of coverage to provide essential protection needs, many people tend to adhere ... Read More
Introducing The Physician’s Life Insurance Primer, a series explaining life insurance. This post introduces the basic types of life insurance and fundamental pros and cons of each. Broadly speaking, there are two categories of life insurance, term insurance and permanent insurance, commonly known as whole life insurance.