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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,...

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...

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...

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...

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 time

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...

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...

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...

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...

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...

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...

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,...

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....

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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)....

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)...

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....