
- April30 2003
- Volume 10
- Issue 8
HOW MUCH LIFE?
Physician'sMoney Digest
How much life insurance do youneed? Most experts agree that 5 to 7times your annual income is a goodbeginning. For average readers, that's nearly$1.5 million in life insurance. Butthat's only a starting point; you needto analyze your own lifestyle andassets to come up with the insurancefigure that best fits you. If you haveseveral young children, you may needmore insurance than if you havefewer or no dependents. If you'reolder with a flush retirement account,you may need less insuranceor none at all. Term life makes moresense for younger doctors than wholelife policies, because you get a biggerbenefit for your buck. Check outinsurance company ratings with A.M.Best (908-439-2200; www.ambest.com) or Weiss Ratings (800-291-8545; www.weissratings.com).
Articles in this issue
about 18 years ago
Portfolio CHECK-UPabout 18 years ago
Don't Delay, Start Saving for Retirementabout 18 years ago
Gain Perspective on Variable Annuitiesabout 18 years ago
Docs Miss the $ Boat-Againabout 18 years ago
Establish E-communication with Patientsabout 18 years ago
Enjoy E-mail Paydays for Consultationsabout 18 years ago
Confront HIPAA as a Former Soviet Wouldabout 18 years ago
Take Steps to Avoid IRS' Audit Dragnetabout 18 years ago
Take Fiscal Advice from a Fellow Doctorabout 18 years ago
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