Article

Consider lump-sum needs when buying life insurance

Author(s):

Joel M. Blau, CFP

Q How much life insurance coverage is recommended for physicians whohave a family?A Many physicians recognize the benefits of developing an overallfinancial plan to meet positive long-term objectives, such as retirementsavings and education funding. However, putting a plan in place to addressthe unexpected, via life insurance, is less pleasant and can be quite difficult.

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