This page contains a Flash digital edition of a book.
Want to expand your fenceline?


Get covered Texas Medical Association Insurance Trust (TMAIT) Insurance Advisor John Isgitt says life insurance provides these benefits to survivors of physicians who have died:


• Mortgage protection: Term life insur- ance provides protection so a phy- sician’s spouse or significant other doesn’t lose the home or have to struggle to make the mortgage pay- ment. Term life insurance can pay off an outstanding mortgage balance. Mr. Isgitt says physicians should select a term that matches the length of their mortgage payment period.


• Income replacement: Life insurance can replace lost income so the surviv- ing spouse or partner can maintain the same standard of living.


• Final expense coverage: Life insur- ance covers funeral expenses, burial costs, and medical bills that can add up to a hefty amount.


We’re the answer. C


apital Farm Credit has made


agricultural production, real estate and agribusiness loans for 95 years. As a cooperative, we are proud to return almost 100 percent of our net earnings back to our customers through our patronage program — a distinct benefit of doing business with us.


877.944.5500 CapitalFarmCredit.com Follow us on TEXAS’ LARGEST RURAL LENDER 54 TEXAS MEDICINE April 2013


Rural Land Loans Residential Home Loans Farm & Ranch Loans Livestock &


Equipment Loans Operating Capital Real Estate


Appraisal Services


Agribusiness Financing


Leasing


• College funding: If a physician has children who have not yet graduated from college, this coverage is impor- tant. Life insurance can help fund a college education.


• Business expense coverage: A life in- surance policy can provide income to settle business loans, buy-sell agree- ments, or other business expenses.


The sudden death of a physician can


result in unfulfilled financial obligations, Mr. Isgitt says.


“These obligations can include depen-


dents to support, a mortgage to be paid off, or children to educate. Additional expenses may be incurred because of funeral costs, medical bills, probate and estate settlement costs, and estate and inheritance taxes for larger estates.” He urges physicians to purchase life insurance early in their careers. “A young physician may save money


by purchasing life insurance. Young people are typically healthy, and life in- surance rates are based, in part, on age and health history. Applying for a policy while young may result in a lower pre- mium,” he said. TMA created TMAIT to serve member physicians with their insurance needs.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68