In this short video (3 min) I explain the difference between term and whole life insurance, and why ER doctors should buy term life insurance and avoid whole life insurance.
Highlights
- 99% of ER doctors should buy term life insurance, NOT whole life insurance
- You BUY term insurance and are SOLD whole life insurance
- If you’ve been sold whole life insurance, don’t beat yourself up about it. High income professionals (i.e. ER doctors) are targets for insurance salesmen, so it’s not uncommon for a doctor to own whole life insurance. If this is you, work with a fiduciary advisor to discuss your options.
Additional resources:
- Your Questions About Whole Life Insurance Answered – Blog post from The White Coat Investor
- I Bought Whole Life Insurance, Now What? – Podcast from Dentist Advisors
When it comes to handling their finances, most ER docs face the same issue: They’re simply too busy to do it. That’s where we come in. We start with a FREE Financial Pulse Assessment™. This is a 3-step process to help evaluate our services and make an informed decision about working together.
