Life insurance is quickly becoming one of the most favored personal finance plans in the U.S., as about 60% of Americans have life insurance. However, as an anesthesiologist, it isn’t enough to be covered by just any plan; your life insurance policy must be tailored according to your medical specialty, lifestyle, family, and life goals.
A life insurance policy is a personal finance plan in which an insured person makes regular premium payments to the insurer in return for a lump sum known as benefits.
As an anesthesiologist, you are likely well aware of the devastating emotional effects that come from losing a loved one. Apart from the emotional trauma, another distressing experience is the financial issues that follow, especially if the deceased is the breadwinner of the family. Life insurance is the best option for a solid financial plan both while you’re alive and after passing on.