Should I Purchase Life or Disability Insurance from Professional Societies?
Almost all doctors should buy term life and disability insurance for at least some portion of their careers, but very few should buy it from their professional associations.
Almost all doctors should buy term life and disability insurance for at least some portion of their careers, but very few should buy it from their professional associations.
Variable universal life insurance policies (VUL) are complex financial instruments. The very wealthy may get substantial tax benefits from using one, but most doctors probably won't. Since it requires a life-long commitment, think very carefully before buying one.
Disability insurance is complex, but Larry Keller helps break it down and make it understandable. Recently, Principal has made their policies less attractive while Metlife, Berkshire, and Ameritas have made theirs more attractive.
[Editor's Note: This is a guest post from Lawrence B. Keller, CLU, ChFC, CFP®, a paid advertiser on this site, although this is not a paid post. In this post, he discusses a topic many of us have wond...
[Editor's Note: This is a guest post from Lawrence B. Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF, a frequent contributor and now an advertiser on the blog. This is Part 9 in his long-running series updati...
[Editor's Note: This is a guest post from insurance agent Lawrence B. Keller, CLU, ChFC, CFP®, a long-time contributor and reader who now also sponsors both the blog and The WCI Scholarship (have you...
Does disability insurance cover everything? Unfortunately not, and you may have heard of disability insurance exclusions and limitations. Let's break down the variables that contribute to a disability...
[Editor's Note: This is a guest post from Joshua Thompson, CFP, EA, who has his own financial planning firm in Tampa, FL. In this post, he explains how to use a valuing system to compare various disa...
Doctors hate to pay taxes. Insurance agents love to sell insurance. Combine the two with a tax deduction the IRS offers to encourage employers to offer some life insurance to their employees and you e...
When purchasing individual disability insurance, it is important to meet with an independent agent who can sell you a policy from any of the "big six" insurance companies, Guardian (Berkshire), Standa...
It seems that a number of readers and especially whole life insurance salesmen don't seem to get how the concept of buying term and investing the rest actually works. I thought I would make a chart, u...
An insurance agent who is a "believer" in the value of index universal life insurance recently set me an illustration for what he considered to be the best Index Universal Life Insurance (IUL) policy...
[Editor's Note: This is a guest post from Lawrence B. Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF, a frequent contributor to the blog. This is another in his long-running series updating you on some of th...
[Editor's Note: This guest post, originally titled "A Captive Conversation," is from Tony Kenzior, CLU, ChFC, an insurance agent who frequently comments on the blog and with whom I have no financial r...
Indexed Universal Life Insurance sounds awesome. Market Returns, no downside risk, plus a death benefit? What's not to like? Unfortunately, it's too good to be true. Find out why!