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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 […]

Direct Primary Care and Physician’s Insurance Needs

Today, many physicians are moving toward the Direct Primary Care business model. As they do, they are leaving their employers who have until now handled many of their insurance needs.

If you’re making the transition from fee-for-service care, you can forget about dealing with the hassles of your patients’ health insurance. However, while direct primary […]

How to Incorporate Telemedicine into Your Practice

Virtually every hospital, healthcare provider, clinic and health services agency is using some form of telehealth today to manage remote health services and medical records. But in the age of COVID and beyond, it is the virtual clinical services of telemedicine that have captured the attention of primary care providers and patients alike.

While telemedicine […]

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    Discover an Easier Way to Select Your Ideal Health Insurance Plan

Discover an Easier Way to Select Your Ideal Health Insurance Plan

Buying health insurance can be a daunting and time-consuming task. Out of an array of options, you want to find the right plan for your budget and medical needs. Through AAFP, you can now use the EnrollSource health insurance policy and pricing comparison tool to review a full suite products and enroll in the […]

Buying Disability Insurance? Read This First!

As the saying goes, forewarned is forearmed. And for the family physician looking to buy disability insurance, there are several things you need to know before speaking with an agent.

To start with, buying disability insurance is different from buying home, car, health insurance or long-term care insurance. Not only are all products not created […]

7 Ways Physicians Can Build a Rainy Day Fund

Do you have a financial emergency fund put aside?

Many physicians don’t. They often think that they’re too busy to focus on their financial situation. Or they’re making enough money so that they don’t have to worry about keeping to a budget. And they believe that their jobs are secure. That’s not surprising given that […]

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 […]