WCI #51: Another Visit to Whole Life Insurance Land
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 26 April 2018
⏱️ 42 minutes
🧾️ Download transcript
Summary
I would like to say "don't ever buy whole life insurance" and leave it at that but that just isn't the case. In this episode we revisit whole life insurance and discuss some situations in which you may want to buy or keep the policy you were already sold.
Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy for their gender, specialty, state, or health status and 1 in 7 doctors get disabled at some point during their career. Because these policies can only be purchased through brokers, we have put together a list of vetted agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart. If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at https://www.whitecoatinvestor.com/insurance and feel the peace of mind that comes with knowing you have the optimal policy in place. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here's your host, Dr. Jim Dolly. |
| 0:14.0 | Welcome to Podcast 51, another visit to Whole Life Insurance Land. |
| 0:24.0 | Getting quality, disability, and life insurance should be the first financial chore for a doctor to complete. |
| 0:29.0 | Most docs don't have the ideal policy for their gender, specialty, state, or health status, and one in seven doctors get |
| 0:35.0 | disabled at some point during their career. |
| 0:37.6 | Because these policies can only be purchased through brokers, we put together a list of vetted |
| 0:41.2 | agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart. |
| 0:47.0 | If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at white code investor. |
| 0:54.8 | dot com slash insurance and feel the piece of mind that comes with knowing you have the optimal policy |
| 0:59.6 | in place. You can do this and the white code investor can help. |
| 1:03.0 | Our quote of the day today comes from Margaret Bonano, |
| 1:06.0 | who said being rich is having money, |
| 1:08.0 | being wealthy as having time. |
| 1:10.0 | I hope you're enjoying the podcast. |
| 1:12.0 | We're trying to do one a week this year and it takes a fair amount of work to be consistent at anything. |
| 1:17.0 | Took years really to get into the habit of blogging often as often as I do and we're trying to get into the habit of making |
| 1:23.7 | podcasts as well. We're trying to make half of them interviews and I hope you |
| 1:27.2 | enjoy those. I've found the interviews tend to go about twice as long as the ones I |
| 1:31.3 | do myself. |
| 1:32.6 | And I don't know if that's because I'm just not that wordy by myself, |
... |
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