Life Insurance

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    A second opinion on how Life Insurance will fit in your retirement plan.

A second opinion on how Life Insurance will fit in your retirement plan.

The way Americans look at their retirement has changed considerably since 2020.  Many begin to wonder if they should retire early without having planned it, others are taking early withdrawals from retirement accounts like 401(k)s and IRAs.  There is even some who postponed their retirement plans.

Regardless of your financial situation, this year the principles […]

By |March 7th, 2022|Accounting, Life Insurance, Life Insurance|Comments Off on A second opinion on how Life Insurance will fit in your retirement plan.|

How Can You Get Life Insurance Quickly?

Taking out term life insurance for your family used to be an arduous, inconvenient ordeal. It required you to submit to a medical exam, give a blood sample and then wait at least 30 days and up to three months for approval. That’s so yesterday!

Now, the power of big data and the sophisticated technology […]

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    How to Make the Most of Your Annual Review of Life and Disability Insurance

How to Make the Most of Your Annual Review of Life and Disability Insurance

It’s 2021. Have you scheduled your annual insurance review? Remember, life insurance and disability policies aren’t “set it and forget it” protection.

A lot can happen in a year. Maybe you got married or divorced. Did a child start college? Or perhaps your kids are all graduated and are out on their own. But changes […]

Physicians Over 50, Should You Buy Life Insurance?

“Nothing is certain except death and taxes,” wrote Ben Franklin. There are, however, some unknowns about taxes. For instance, we cannot predict years in advance what the top marginal tax rate will be when we retire and begin to withdraw funds from our tax-deferred retirement accounts.

In other words, the more money you have in […]

How to Prepare for a Term Life Insurance Application

Having appropriate and adequate life insurance coverage is an essential part of most physicians’ financial plans. Even if you have a whole life policy as part of your retirement portfolio, you may also be considering a term life policy.

Often, people use term life insurance to meet specific objectives. For example, if you’re starting a […]

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    What You Need to Know About Life Insurance in the Age of the Coronavirus

What You Need to Know About Life Insurance in the Age of the Coronavirus

Whether or not you, your family members or friends have contracted the coronavirus, the events of the last few months have driven home the fragility of life and the importance of being prepared. As a physician, you have been in the thick of the current pandemic, seen how quickly the danger can spread and […]

When Should You Review Your Life Insurance Policy?

Life changes. Once you graduate from medical school and complete your residency, the rate of change only seems to escalate. New job opportunities and business decisions can mean more income, while marriage, children and owning a home lead to more spending.

As these changes occur, ask yourself: What happens if I die and am not […]

A Whole Life Strategy for Minimizing Taxes in Retirement

While we tend to focus on ways to minimize taxes while we’re working, it’s also important to consider how to make retirement less taxing. One tax minimization strategy for retirement is the 7702 plan, which you fund with after-tax dollars. It’s a life insurance policy that augments the death benefit protection with an investment […]

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    Is It Time to Consider Using Whole Life Insurance to Reduce Your Portfolio Risk?

Is It Time to Consider Using Whole Life Insurance to Reduce Your Portfolio Risk?

There’s
a popular phrase used in the investment world, “buy term and invest the
difference.” At least since the 1980s it’s captured the prevailing advice about
life insurance. In fact, since that time, whole life insurance has sometimes received
a bad rap, much of which is undeserved.

More
recently, studies have come out that put a new perspective on whole […]

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    The Vital Role of Permanent Life Insurance in a Sound Financial Plan

The Vital Role of Permanent Life Insurance in a Sound Financial Plan

The most important aspect of a life insurance policy is that it’s in force on the day you die. Owning a permanent policy ensures that happens. Given that it’s called permanent “life insurance” it’s not surprising that most people think it’s a one-trick pony. It can, however, play multiple roles in your financial portfolio.

So […]