Get Free Life Insurance Quotes
Laying the groundwork towards your families financial health starts with life insurance. At Physicians Thrive, we’re here to help find the plan that best fits your needs.
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Life Insurance Matters
Life happens in a heartbeat. In one moment, one heartbeat – your life changes. Have you considered what would happen if you were no longer there to take care of your loved ones? While nothing can replace you, having life insurance means that if something happens to you, your loved ones would be OK financially. Life insurance is actually a gift of love.
How much life insurance do you need?
There are “rules of thumb” out there for determining how much life insurance you need, but for real peace of mind, one needs to truly evaluate your personal needs and situation. Your needs may change over time based upon your current financial status as well, so you will want to revisit your insurance strategy as your situation changes.
Who Should You Insure?
One expects the answer to be yourself and your spouse, or those who produce the income for the household. However, there are other situations that may warrant insuring a life other than the household income earners.
- Consider the cost to replace the tasks of a non-working spouse.
- Protect yourself from significant estate tax burdens should your parents die prematurely.
- Consider the impact to your business should something happen to key employees.
- You may need to prepare to buy your partners’ share of your business if anything were to happen to them.
Our team can help you craft a strategy to protect yourself financially with life insurance when life happens in that moment.
What Type of Life Insurance Should You Buy?
In addition to the amount of insurance you need, the type of life insurance you purchase is equally important. Term and Permanent are the two basic types of insurance policies and deciding which type is best suited for you will depend upon your particular situation.
Permanent Insurance offers lifetime protection as long as the premiums are paid, and typically offers cash value accumulation that can be used as needs arise during your lifetime. The combination of death benefit and cash value may provide useful flexibility within a financial plan.
Term Insurance provides a guaranteed death benefit for a specified time period without any cash value benefit while living. Term policies often expire before the insured’s death without any death benefit being received. Premiums are typically initially less than the premium for an equivalent permanent policy.
It can be difficult to evaluate the relative benefits of a term policy against those of a permanent policy; however our advisors can help you understand how each of the types can help you achieve your protection goals.
Life Insurance Frequently Asked Questions
Life happens. We cannot predict the future, but we can be prepared for it. That is the purpose of insurance – to protect and provide for yourself and your loved ones if the unfortunate happens. Your life and disability insurance choices may make the difference in your family’s lifestyle after a tragedy strikes by paying the bills, financing children’s educations, and protecting your spouse’s retirement.
As with disability insurance, we work with multiple life insurance companies and screen them based on financial strength ratings and policy features. These companies include New York Life, John Hancock, Minnesota Life, Prudential, Lincoln Financial, Metlife, Nationwide, Principal and many others.
There are “rules of thumb” out there for determining how much life insurance you need, but for real peace of mind, one needs to truly evaluate your personal needs and situation. Your needs may change over time based upon your current financial status as well, so you will want to revisit your insurance strategy as your situation changes. During our consultation we can help you calculate how much life insurance you need to be comfortable in your unique situation.
Why Choose Physicians Thrive?
Freedom
Our experts present all the options—not just the ones we want you to choose—so the freedom to choose the best policy for you is always at your discretion. Plus, your insurance will follow wherever the job market takes you.
Urgency
When Physicians Thrive finds the lowest rate, you’ll know immediately so you can jump on exceptional insurance discounts.
Simplicity
Our experts work with top life insurance companies to get as many quotes as possible so our clients never have to shop around—simply choose the option that works for you.
Get Free Life Insurance Quotes
When you receive your quotes, one of our experienced advisors will review the quotes, explain all your options and the verbiage in each policy in detail to help you create a customized plan that meets your needs and your budget. We will review each element of the plan and the cost associated with it to help you evaluate the value and build unique, cost-effective coverage tailored to your situation.