Life Insurance: Experiences when purchasing?
Hello All,
First time, long time. I am a trainee but at this stage of my life, it seems to make sense to purchase life insurance (recently married with a little one on the way and I am not getting any younger). I used a WCI recommended agent to purchase disability insurance earlier in my training and the agent was very helpful and straightforward. I feel like I have a disability insurance plan that works well for me. For those who have purchased life insurance, do you recommend going...
Read more (Source: Student Doctor Network)
Source: Student Doctor Network - January 29, 2024 Category: Universities & Medical Training Authors: K-hole08 Tags: Anesthesiology Source Type: forums
Life Insurance. Worth it?
I just read a post about the disability insurance and that was very helpful.
What are you guys’ thoughts on life insurances?
Which one would you recommend, term vs. whole? (Source: Student Doctor Network)
Source: Student Doctor Network - January 20, 2023 Category: Universities & Medical Training Authors: Orth0 Tags: Dental Residents and Practicing Dentists Source Type: forums
Financial planning for partnership
I just received an unsolicited job offer to become a full equity owner in a practice after 2 years (with no buy in!) I will also have a pension, paid leave, a business account and free life insurance. Sounds like I’ll be set for life. I can’t believe this opportunity fell into my lap. It’s a small group called USACS. I can’t wait to become a partner in a practice. Any advice on how to deal with this windfall TYVM (Source: Student Doctor Network)
Source: Student Doctor Network - May 26, 2022 Category: Universities & Medical Training Authors: 1800ihatemyself Tags: Emergency Medicine Source Type: forums
Do you have life insurance?
Who here has life insurance? If so, what was it like for you going through the underwriting process? What company and amount/length of time did you settle on?
I'm looking into 20-30 year term life, 2-3 million. Haven't made up my mind yet though. (Source: Student Doctor Network)
Source: Student Doctor Network - August 1, 2020 Category: Universities & Medical Training Authors: PistolPete Tags: Psychiatry Source Type: forums
Life insurance
There are many characteristics that distinguish a “non-traditional” student from a “traditional” one. One of them is that some of us, non-tears, are married and have kids. We are about to embark on a four year long journey that will put as in a 100K+ debt (often 200K+). Being able to repay this is a perk of our future career. Life, however, writes various scenarios. In case something happens, I don’t want my wife to be stuck with that debt. I’m getting life and disability insurance. Thoughts? (Source: Student Doctor Network)
Source: Student Doctor Network - October 11, 2019 Category: Universities & Medical Training Authors: A-Fib Tags: Nontraditional Students Source Type: forums
How much money have you spent/received on disability/life insurance?
I'm trying to figure out how much money the insurance companies make off of doctors.
Personally, I've never heard of docs ever having to use it over their entire careers.
$2000/month is what I hear people pay for same specialty coverage, kicks in at 6 months of disability, no maximums.
$2000/month, over 30 years = $720,000.
Invested at 6%, it would be worth $2,000,000 after 30 years.
At what age do people stop paying their premiums?
As a correlary, do people still buy life...
How much money have you spent/received on disability/life insurance? (Source: Student Doctor Network)
Source: Student Doctor Network - September 5, 2019 Category: Universities & Medical Training Authors: Mikkel Tags: Anesthesiology Source Type: forums
waiting on disability and life insurance
Hi all. I recently heard that I should get disability and life insurance prior to graduating from fellowship (as I just started my final year of fellowship, though may consider doing an extra one-year fellowship following this). My concern is that I don't think I will qualify for insurance at this time, as I have extra weight to lose. (My BMI is currently 36, and although I've been exercising 4-5 times weekly for the last 1.5 year, I still need to fix my diet, which I recently started...
waiting on disability and life insurance (Source: Student Doctor Network)
Source: Student Doctor Network - August 14, 2019 Category: Universities & Medical Training Authors: rkaz Tags: General Residency Issues Source Type: forums
Why paying the minimum on your debt is a form of life insurance
If you die you no longer owe the debt. Your debt will get put against any assets you have for your estate though so it's important to keep everything as liquid as possible. So if you pay the minimum you are hedging against an early death. It's win-win. If you get to enjoy a long life you have the negative of paying a lot in interest. If you have a short lie you get the positive of never having to repay all the debt (other tax payers do it for you). I have known several pharmacists that have...
Why paying the minimum on your debt is a form of life insurance (Source: Student Doctor Network)
Source: Student Doctor Network - May 13, 2019 Category: Universities & Medical Training Authors: Modest_anteater Tags: Job Market Source Type: forums
Employer discounts and perks
Anyone use their employer's website for discounts on car insurance, life insurance, cell phone plans, event tickets etc? Are the deals any good? (Source: Student Doctor Network)
Source: Student Doctor Network - March 26, 2018 Category: Universities & Medical Training Authors: mentos Source Type: forums
Life insurance: what is it and why you might want to consider it?
Forum: Advice on everyday issues
Posted By: claireestelle
Post Time: 25-02-2017 at 15:05 (Source: The Student Room)
Source: The Student Room - February 25, 2017 Category: Universities & Medical Training Source Type: forums
Life Insurance
Forum: Health
Posted By: ebam_uk
Post Time: 18-02-2017 at 21:58 (Source: The Student Room)
Source: The Student Room - February 19, 2017 Category: Universities & Medical Training Source Type: forums
Life Insurance
Hey everyone,
With all the talk of finances and student loans I was thinking that I'd suggest that everyone look into taking out life insurance on themselves to ensure that your family isn't burdened with your student loans should anything happen to you. I know it's not something that we usually think of and I wouldn't have myself if I hadn't read an article about a girl who was killed in a car accident and her parents ended up losing their house because they couldn't afford to cover her...
Life Insurance (Source: Student Doctor Network)
Source: Student Doctor Network - February 6, 2017 Category: Universities & Medical Training Authors: predentMPH Source Type: forums
"How will you be paying for med school" Interview Question
So I have an interview coming up where (according to current students) they WILL ask students [esp internationals] how they intend to pay for med school.
I'm in a bit of a unique situation, and I need some help phrasing it so that I won't ruin the tone of the interview.
Essentially, I'm going to be paying for medical school via a life insurance pay-out when my dad passed away.
It happened a long time ago, I'm completely fine bringing it up in the interview, but I don't want the tone to go...
"How will you be paying for med school" Interview Question (Source: Student Doctor Network)
Source: Student Doctor Network - August 20, 2016 Category: Universities & Medical Training Authors: NeedACar Source Type: forums
Life Insurance: what do you have?
What type of life insurance do you have? I've read term is the way to go. (Source: Student Doctor Network)
Source: Student Doctor Network - May 30, 2016 Category: Universities & Medical Training Authors: ericn2k3 Source Type: forums
Life Insurance- Term life, the low cost way to protect you and your family.
Term life insurance is very inexpensive for people under age 45. We have been helping residents and fellows with their life insurance needs for over 25 years. For a quote, send us an email at mark@tonofffinancial.com
Let us know how much coverage you are looking for and we will email you a quote. For information on all of our services go to: www.tonofffinancial.com (Source: Student Doctor Network)
Source: Student Doctor Network - April 26, 2016 Category: Universities & Medical Training Authors: MarkFinancialAdvisor Source Type: forums
