[vc_row css=”.vc_custom_1438071440513{padding-top: 40px !important;padding-bottom: 60px !important;}” anchor_link=”faq”][vc_column][vc_toggle title=”Why do you need disability and life insurance?” style=”round” color=”violet” size=”lg” el_id=”1513106475220-3a3d6ced-03c1″]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.[/vc_toggle][vc_toggle title=”When is the best time to purchase a disability insurance policy?” style=”round” color=”violet” size=”lg” el_id=”1437380675989-1d7e4236-3f51″]Premium and policy eligibility are based on age and current health status. Therefore, the best time to purchase a disability insurance policy is when you are young and healthy and while discounts are still available with residency or fellowship status. Additionally, many insurance carriers will restrict the amount of coverage you are eligible for if you have an employer-sponsored plan.[/vc_toggle][vc_toggle title=”Which disability insurance carriers to do you work with?” style=”round” color=”violet” size=”lg” el_id=”1437380673828-8f68202c-025c”]Physicians Thrive only offers what we view as the strongest and most comprehensive physician-specific plans from the leading disability insurance carriers. We work with Ameritas, Guardian, Metlife, Principal, MassMutual and The Standard.[/vc_toggle][vc_toggle title=”Which life insurance companies do you work with?” style=”round” color=”violet” size=”lg” el_id=”1438071050808-cbf896e6-f2f1″]

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.

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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.

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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.

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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.

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Work With Physicians Thrive

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