How Much Life Insurance Do Doctors Really Need?Sep 21, 2022
What does a physician need to know about life insurance? What is the difference between cash value and term insurance? Do you have at least the average amount a physician needs to have in a life insurance policy? Tune in for answers to these important life insurance questions and to find out how much life insurance a physician family really needs. Getting started is easier than you think.
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IN THIS EPISODE
- [0:38] What is life insurance, and why is it important?
- [3:36] How much does a physician need?
- [4:25] How should a physician calculate how much is needed for life insurance?
- [10:52] How long does a physician need the coverage?
- [13:46] Some people don’t actually need life insurance, what does that look like?
- [17:10] An example case for a single working physician family in their mid-30s with a family, calculating what is needed for life insurance.
- [28:30] Where should a physician go to get life insurance?
- [34:19] Modality of premiums.
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