Insurance Planning for Medical Professionals

Even the best-laid plans can go awry. A well-balanced insurance plan ensures you are covering your assets without buying more insurance than you actually need. We don’t sell insurance at Idaho Medical Association Financial Services, but we do have insurance licenses. That’s because we offer insurance planning for medical professionals. Our expert team of insurance advisors will independently examine your existing policies to make sure they are effectively protecting you and your assets. If, at any point during our insurance planning for medical professionals, we determine additional coverage is needed, we will recommend a qualified individual who can assist in helping you purchase the right policy for your needs.

Person conducting insurance planning on a series of sheets of paper.

Risk Management for Doctors

As you grow your wealth, so does the importance of managing the risks to your financial security. Not all risk is related to the investment markets. Many of the risks business owners and high net worth individuals face come through taxation, the transfer of business and financial assets to heirs, unexpected life events, such as the death of a spouse or family member, or the need for long-term medical care.

Through risk management and insurance planning for medical professionals and for doctors, we assist our clients with developing plans and securing sufficient coverage for their wealth, ownership of a business, and other assets. As an independent firm with no obligations, we have the ability to identify insurance products that will fit a client’s specific requirements and needs. We offer no-cost, no-obligation audits of current insurance coverage for clients with existing policies. Frequently, our audits uncover gaps in the coverage or benefits offered, and we can help those clients find risk management solutions that match their current needs. With insurance planning for medical professionals, you can be assured that we will work diligently for you so that you have the right insurance for any incident that may occur in your life.

Physician Mutual Insurance

How can we help with making sure your physician mutual insurance offers the coverage you need in the event of an unfortunate circumstance? We follow several core objectives when evaluating your existing insurance policies:

  • Reviewing all current insurance coverage to ensure assets are adequately covered and that you are not paying for unnecessary policies.
  • Identifying current and future risk exposure through risk management strategies.
  • Evaluating any needs for disability or long-term care insurance.
  • Identifying current policies that aren’t in your best interest and whether or not it would be cost-effective to surrender said policies.

At Idaho Medical Association Financial Services, our team of risk management professionals will actively pursue all options available to you in regards to risk management. Our insurance planning for medical professionals will comprehensively evaluate all aspects of your insurance portfolio to make sure you have the coverage when you need it the most.

Our team specializes in providing professional financial services to medical professionals and high-income earners. We offer asset management for doctors, as well as an investing service for physicians. We also offer a range of retirement planning initiatives, such as 401k plans for medical professionals and 403b plans for medical professionals. For more information about our services, contact us today!

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