What Types of Life Insurance are Available?
Life Insurance for Doctors
We are often asked about the two basic types of life insurance for physicians and dentists.
- Term Insurance provides coverage or a death benefit for a set period of time; this is usually between 10-30 years, but intended to protect your family.
- Because these rates are limited, the insurance companies offer low rated plans because they will only end up paying two percent of their claims.
- Permanent Plans allow a death benefit for the remainder of your life.
- Permanent Plans allow for additional money to be included to allow you to withdraw cash if needed.
Are you interested in learning more about the types of life insurance available for physicians and dentists? Contact one of our experienced Insurance Brokers for guidance.