Life insurance isn’t something we buy for ourselves—it’s an act of love and protection for those who depend on us. This episode answers a listener’s question: How much life insurance is recommended?
This episode dives deeper into how to determine the right amount of coverage based on your personal circumstances—whether you’re single, married, or raising a family. Dr. Elisa Chiang shares real-world examples and walks through different strategies for determining how much term life insurance a physician should consider, including:
✅ The difference between term and permanent life insurance
✅ When you actually don’t need coverage
✅ Why physicians should often opt for term life over permanent policies
✅ Three different methods to calculate how much coverage to buy
✅ How to “ladder” life insurance policies for cost savings and flexibility
✅ Real-life case study of a physician family
Whether you’re just starting out in your career or well into attending life, this episode will help you feel more confident making decisions about protecting your family's future.
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Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes
If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook
Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .
You can learn more about Elisa at her website or follow her on social media.
Website: https://ww.GrowYourWealthyMindset.com
Instagram https://www.instagram.com/GrowYourWealthyMindset
Facebook https://www.facebook.com/ElisaChiang
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YouTube: https://www.youtube.com/c/WealthyMindsetMD
Linked In: www.linkedin.com/in/ElisaChiang
Disclaimer: The content provided in the Grow Your Wealthy Mind...
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