The Importance of Reviewing Disability Insurance Coverage
May is Disability Insurance Awareness Month, a time dedicated to raising awareness about the importance of disability insurance and the financial protection it provides. While many recognize the significance of disability...Read More
A Step-by-Step Guide to Filing a Disability Insurance Claim
When you got your disability insurance policy, you were preparing yourself for the unexpected. You likely never expect to need to make a claim, but if you do, understanding the process can make the experience less stressful. This...Read More
What Tax Documents Do You Need To Save After Filing?
After completing your taxes for the year, you may be left wondering what to do with all of the records, receipts, and statements that have accumulated over the past twelve months. The IRS recommends holding on to any documents related...Read More
Financial Tips for Your 60s
Close your eyes for one whole minute and consider … what would you like to do when you retire? Everyone has their own unique vision about the retirement they want. You’ve been working diligently toward that day, so...Read More
Maxing out your 401(k)? Here's what to do next.
For 2023, the IRS has raised the 401(k) limit to $22,500. with an additional $7,500 catch-up contribution for employees aged 50 and over. If you’re planning to reach that, more power to you! Once that’s done, there are...Read More
Life Insurance Myths: Debunked
Do you really need life insurance? Do you assume it’s always expensive? Are you relying on the coverage you’ve purchased through work? There are some common myths about life insurance, but we are here to help you clear...Read More
Assessing Your Life Insurance Needs as a Physician
Next StepsIf you’re a physician and you have loved ones who rely on your income, it’s critical to have enough life insurance to provide for them after you pass away. But too often, life insurance is an overlooked aspect of...Read More
Weekly Market Insights: Markets Tap Brakes, But Hold Fast Against Downbeat News
Stocks tumbled on Friday, sending stocks to a weekly loss after an otherwise quiet August week of trading.The Dow Jones Industrial Average slipped -0.16%, while the Standard & Poor’s 500 lost 1.21%. The Nasdaq Composite index...Read More
Weekly Market Insights: Stocks Have Warmer Week as Inflation Cools
An improving inflation outlook buoyed investors’ spirits last week, helping lift stocks to solid gains.The Dow Jones Industrial Average advanced 2.92%, while the Standard & Poor’s 500 rose 3.26%. The Nasdaq Composite index...Read More
Weekly Market Insights: Stocks Rally Despite Mixed Data
In a holiday-shortened trading week, stocks rallied despite mixed economic data and vacillating energy prices and bond yields.The Dow Jones Industrial Average increased 0.77%, while the Standard & Poor’s 500 rose 1.94%. The...Read More
Weekly Market Insights: Stocks Dip on Inflation Report
A higher-than-expected inflation report triggered a sell-off on Friday, leaving stocks in the red for the week.The Dow Jones Industrial Average lost 4.58%, while the Standard & Poor’s 500 dropped 5.05%. The Nasdaq Composite index...Read More
Weekly Market Insights: Inflation Takes Center Stage
In a volatile trading week, stocks extended their losses as economic growth and inflation concerns soured investor sentiment. The Dow Jones Industrial Average dropped 2.14%, while the Standard & Poor’s 500 lost 2.41%. The Nasdaq...Read More
What Disability Insurance Company Is Best For Physicians?
With any long-lasting purchase, you’re going to want to shop around for the best quality at the best price. Your disability insurance policy should be no different. Your income is one of your biggest assets and as a physician, it...Read More
Weekly Market Insights: Economy Slows; Stocks Retreat
On Friday, a sharp sell-off sent major stock market indices into negative territory for the week, capping a volatile close to April. The Dow Jones Industrial Average declined 2.47%, while the Standard & Poor’s 500 tumbled 3.27%....Read More
Disability Insurance Application Frequently Asked Questions
Disability insurance is essential to protecting your hard earned income. If you have anyone who relies on your income, disability insurance provides a safety net so you can still pay for your rent, groceries, student loans, or anything...Read More
Weekly Market Insights: Earnings Season Begins
Stocks posted losses in a holiday-shortened trading week as the first-quarter earnings season kicked off and investors digested new inflation data. The Dow Jones Industrial Average declined 0.78%, while the Standard & Poor’s 500...Read More
Weekly Market Insights: Fed Signals More Aggressive Action on Interest Rates
Stock prices fell last week in response to the Fed’s plan to combat inflation, which staked out a more aggressive stance than investors had anticipated. The Dow Jones Industrial Average slipped 0.28%, while the Standard &...Read More
Weekly Market Insights: Markets Weigh Menu of Uncertainty
Stocks spent last week digesting the sharp gains of previous weeks as investors assessed a tightening yield curve, the war in Ukraine, and an uncertain outlook for economic growth and inflation. The Dow Jones Industrial Average...Read More
Weekly Market Insights: Confidence Grows In Resilient Economy
With growing confidence in the economy’s resilience, stocks posted another week of solid gains. The Dow Jones Industrial Average rose 0.31%, while the Standard & Poor’s 500 advanced 1.79%. The Nasdaq Composite index picked...Read More
Weekly Market Insights: Ukrainian War Impacts Global Economy
Intensifying hostilities in Ukraine continued to unsettle markets, as investors grappled with the war’s impact on the global economies. The Dow Jones Industrial Average lost 1.99%, while the Standard & Poor’s 500 dropped 2...Read More
Weekly Market Insights: Ukrainian War Stresses Economy
War in Ukraine weighed on stocks as investors assessed the economic impact of continued hostilities, expanding economic sanctions, and potentially higher inflation due to rising oil prices and new stresses on the global supply chain....Read More
Weekly Market Insights: Inflation and Ukraine Rattle Investors Another Week
Stocks closed lower for the week as escalating tensions on the Russian-Ukrainian border added to existing jitters over higher inflation and a pending tightening of monetary policy. The Dow Jones Industrial Average slid 1.90%, while...Read More
Your 2022 Tax Guide: How to Prepare for Tax Season
Understand Where Your Federal Tax Dollars Go - In this guide, we will explore where your tax dollars go, some of the ways tax filing may look different in 2022, and what you can do to prepare. Keep in mind, this guide is for...Read More
Weekly Market Insights: Inflation and Ukraine Fears Cool Markets
A hot inflation print and the growing concern of a Russian invasion of Ukraine sent stocks tumbling late in the week, leaving major indices lower for the five-trading days.Read More
Weekly Market Insights: Stocks Extend Rally; Eyes On Tech
Stocks managed to gain ground last week as investors turned their focus to corporate earnings. The Dow Jones Industrial Average rose 1.05%, while the Standard & Poor’s 500 gained 1.55%. The Nasdaq Composite index picked up...Read More
A New Year Financial Reviews for Doctors
The New Year means taking a fresh look at your finances. It’s important that you have the money you need to do the things you want to do, while protecting your income and growing your retirement savings for the future.Read More
Do Physicians Need Both Long and Short Term Disability?
Disability insurance is a must-have for physicians because loss of income for any duration has the potential to cause significant financial hardship. Social Security Disability Insurance may come to mind, but nearly two-thirds of...Read More
Back to Basics: Term Life Insurance for Physicians
As we near the end of Life Insurance Awareness Month, we want to circle back on the most basic form of life insurance and the most common questions we get from physicians about it. A term life insurance policy is a simple way to insure...Read More
Insuring Your Medical Practice With a Buy-Sell Agreement
Life insurance is designed to help protect a household from the financial hardships that may follow the untimely death of a primary wage earner. But how will a death affect a small business or medical practice?Read More
Do Physicians Get Enough From Their Life Insurance Benefits?
For many physicians, their first life insurance policy comes through their benefits package at work. Typically, it costs next to nothing and provides enough death benefit to cover one year’s salary. It’s a good start, but...Read More
Life Insurance Awareness Month Helps Physicians Plan Ahead
September is Life Insurance Awareness Month and physicians benefit from life insurance the same way most people do - by protecting their loved ones when the unexpected happens. Even young and healthy physicians aren’t invincible,...Read More
Your Guide to Disability Insurance For Physicians
For anyone who earns an income and desires financial wellness, disability insurance is vital. For physicians, disability insurance is also a must-have. As a physician, it can be time-consuming, overwhelming, and confusing to find the...Read More
Disability Insurance In The Time Of COVID-19
As the COVID-19 pandemic has spread across the world, it has left many people wondering about how disability insurance may apply. Two common questions include: Can I apply for disability insurance during the COVID-19 pandemic? Does...Read More
Long Term Care Insurance vs. Long Term Disability Insurance
Insurance policies are purchased to protect you from the risks in life, but different types of insurance cover different risks. Long term care insurance and long term disability insurance are two types of insurance that are commonly...Read More
Understanding Common Life Insurance Riders
Life insurance riders are optional, additional terms you can use to enhance the base coverage of your life insurance policy. Riders are generally chosen when you apply for your life insurance policy, and they go in-force at the same timeRead More
Your 2020 Financial To-Do Checklist
As one year ends and another begins, it’s time to review your financial to-do list and see if there is anything you can work towards crossing off. Reviewing this list and implementing some items can help ease your mind and...Read More
Obtaining Life Insurance with Diabetes Just Got Easier With John Hancock Aspire
Of the 30 million people living in the US with diabetes, less than half have the life insurance coverage they need. Many people with diabetes worry that they won’t qualify for coverage, or that coverage will be too expensive, but...Read More
What is Vitality Life Insurance?
Did you know that you can purchase a life insurance policy that rewards you for heathy living? John Hancock Vitality Life Insurance offers policyholders the unique opportunity to receive rewards and discounts for their lifestyle habits...Read More
Long-Term Disability vs. Social Security Disability Insurance
Long-Term Disability (LTD) Long-term disability benefits are paid out by an insurance company to replace part of a policyholder’s income while he or she is rendered disabled and cannot complete some or all of the responsibilities...Read More
What is Deferred Compensation?
A deferred compensation plan (DCP) is a contractual agreement between a corporation and at least one key executive that states that the corporation will pay benefits in the event that said executive dies, becomes disabled, or retires...Read More
Retirement Protection Disability Insurance
How Does Retirement Protection Disability Insurance Work? If you become disabled, this type of insurance will kick in and begin making payments to a trust fund. These benefits gain interest over time, and at the end of...Read More
Does Gender Affect Life and Disability Insurance Rates?
Although insurers can no longer cite gender as a factor impacting health insurance rates, does it play a role when purchasing life or disability insurance policies? Along with your age and general health,...Read More
Disability Insurance for Medical Residents
If you are a medical resident, why is it especially important that you consider disability insurance? There is a higher likelihood of emergencies and accidents among physicians than there is among other professions....Read More
The Benefits of Life Insurance
Most people think of life insurance as primarily beneficial as a form of income replacement. But aside from providing your children, aging parents, spouse, or other family members financial support if you were to pass away, life...Read More
What is Partial Disability Insurance?
You have likely heard about the basics of short-term and long-term disability insurance, but did you know that insurers can also offer policies for workers who suffer some impairments, but are not totally disabled? Here are a few...Read More
Why Consider Juvenile Life Insurance?
The idea of insuring a healthy child can seem excessive and even anxiety-inducing, but although the loss of a child is rare, purchasing a juvenile policy can lead to some lesser-known benefits that will protect your child financially...Read More
Can I Get Life Insurance with a Pre-Existing Condition?
Many people with pre-existing conditions or chronic illnesses worry that they will not be able to qualify for life insurance, or if they do, they worry that they will not be able to pay the premiums. However, if you have a medical...Read More
How to Apply for a Life Insurance Policy
So, you’ve decided that you need life insurance—a wise choice. Now, how do you take that next step and apply for a policy? Here is a breakdown of the different steps of the application process and what you’ll need to...Read More
Do Stay-at-Home Parents Need Life Insurance?
Some may assume that since life insurance is intended to replace income, stay-at-home parents do not need life insurance if their spouse is the primary breadwinner of the family. However, this is not necessarily true—especially...Read More
How Much Life Insurance Do I Need?
Choosing a life insurance policy can be daunting. Who you are, how old you are, and how many people depend on you are all factors that affect how much life insurance would be appropriate for you. Here is a breakdown of the different...Read More
Long-Term vs. Short-Term Disability Insurance
If you work, have others depending on you financially, and would feel the financial pinch if you spent months or even weeks without a paycheck, you should consider disability insurance to protect your income. But what’s the...Read More
Risk Classifications in Life Insurance Policies
A risk class is assigned to a life insurance applicant to determine their risk level to insure and their premium amount. A risk class is determined by reviewing all the risk factors that pertain to that individual and analyzing how...Read More
What are Life Insurance Riders?
Life insurance riders are additional benefits that can be added on to a policy to best suit the owner’s needs. Here are a few different kinds of riders and how they may help in a variety of situations: Disability Riders Within...Read More
Types of Life Insurance Policies
So, you’ve decided that you need life insurance… but what kind? Here are a few different types of insurance and how they may be useful to you: Term Life Insurance These kinds of policies only offer a death benefit for a...Read More
What is Long-Term Care Insurance?
Long-term care insurance is used to provide care for a person suffering from a chronic illness, disability, or long-term cognitive impairment. Long-term care insurance differs from healthcare in that healthcare aims to improve a...Read More
Disability Insurance as an Employer
If you are not currently disabled, nor are any of your employees, why should you consider disability insurance for the best interest of your business? Business Overhead Insurance If a business owner suffers a disability as a result of...Read More
What is Permanent Whole Life Insurance?
Whole Life Insurance A Whole Life insurance policy is a permanent policy which is guaranteed inforce as long as the premiums are paid, or until the policy endows (which usually happens when the insured person reaches age 100 or 120)....Read More
What is Term Life Insurance?
Term life insurance is a policy that covers the insured for a set period of time, usually 10, 15, or 20 years. The insured pays a monthly premium, and the policy offers a level death benefit (meaning the death benefit does not change)...Read More
Do I Need Life Insurance?
Are you alive? All jokes aside, almost everyone needs life insurance. Life insurance gives you the peace of mind that only comes with knowing someone will be there to take care of your family in the unfortunate event of your death....Read More