Whether it’s life, disability, auto, home, or malpractice, high-income professionals need insurance to make sure life’s biggest costs don’t substantially hurt their nest egg.
The posts on this website about cash value insurance continue to attract comments (mostly from those who sell it) like a knight in shining armor on a summit in a thunderstorm attracts lightning. Mont...
Many insurance companies and their agents will sometimes offer you a life, disability, or other insurance policy with a return of premium (ROP) rider. The salesmanship really kicks in as they explain...
Variable universal life insurance is rarely a good idea. In this post I explore what it would take for it to be a good idea for you.
The LEAP system advocates using whole life insurance to solve all of life's financial ills. It's more of a method to sell insurance than a financial system.
There is a "financial guru" named Douglas Andrew who lives in my local area. He is a financial planner, radio host and author who advocates a rather unique approach to retirement planning. I've occa...
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A whole life insurance policy held for the long term is not a financial disaster, although higher returns are achievable through the market.
Disability insurance agents routinely criticize group disability insurance policies, and for plenty of good reasons. However, I recently bought one anyway. Let me explain why. But first, a brief re...
A reader sent me a link to a recent article published in Physician News Digest called "Doctors Betrayed By Traditional Financial Strategies." I felt there were enough inaccuracies and poor assumption...
Should you "Become Your Own Banker"? Probably not.
WCI Reader Question: Is Premium Term Life Insurance A Good Idea? What do you think about return on premium for a young doctor? I’m 30, we have a 1-year-old, and the difference is about $700/yr for 30-...
Physicians shopping for disability insurance need to understand the difference between owning a Guaranteed Renewable (GR) Individual Disability Insurance (IDI) Contract and a Noncancelable/Guaranteed...
My last post discussed how I recently made partner and how this has given me additional income, expenses, risk, and personal financial complexity. In this post, we'll discuss the ways becoming a part...
One way this website makes money is through affiliate marketing. Some ads pay just to be seen, and others pay me only if you click on them. With affiliate marketing, you generally have to do somethi...
Most variable annuities are too expensive for their benefits. Vanguard, however, offers very inexpensive ones. Most doctors still shouldn't use one though.
I'm pretty hard on financial advisors on this site. That's because most of them are sharks, or at best, uneducated salesmen. My best estimate is that you shouldn't take advice from 90-95% of those m...
Medical school may not have taught you about money, but we will.
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