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40% of adults wish they had purchased life insurance at a younger age. Don’t wait to get reliable life insurance coverage that provides financial security for your family.
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.
Life insurance is one of the best ways to protect your family and their financial wellbeing, regardless of the type of work you do.
If you have loved ones that depend on you, life insurance is a necessity. If you pass away before the end of your career, life insurance provides financial support your loved ones.
Life insurance rates are determined by each individual company and are based on your current age, height, weight, lifestyle, medical history, and finances. The process and rates vary from company to company, so be sure to consider multiple options before purchasing a plan.
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.
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.
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.
Our team can help you craft a strategy to protect yourself financially with life insurance when life happens in that moment.
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Our team has worked with thousands of physicians to find their option for life insurance.
Why Choose Physicians Thrive?
See all your options.
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.
The best rates.
When Physicians Thrive finds the lowest rate, you’ll know immediately so you can jump on exceptional insurance discounts.
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.
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.