#174: Encore episode: VUL-nerable No More: Unwinding Variable Universal Life Insurance for Doctors
About this episode
The episode discusses unwinding Variable Universal Life Insurance for doctors and offers guidance on protecting family finances.
Today we're going all the way back to episode 40. Do you remember that guy? The friendly insurance agent you met as a resident, back when you assumed everyone was as well-intentioned as doctors are. Your family was vulnerable then, and instead of a load of inexpensive term life insurance, you walked away with variable universal life (VUL), sold on the tax angle (which can be legitimate in certain situations but the problem is that for most physicians early in their careers, the high costs and structure make it a poor fit at that stage). We walk you step-by-step through how to unwind that decision without leaving your family exposed. And if you somehow sidestepped this one during residency, forward it to a friend who's still trying to figure out how to protect their family. Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you’re evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures
People in this episode
Host: Nate Reineke
Topics covered
- life insurance
- financial planning
- tax strategies
- investing
- family protection
- doctor finances
Keywords
- Variable Universal Life Insurance
- financial planning
- doctors
- insurance
- tax strategies
- family protection
- investing
Mentioned in this episode
Organizations: physicianfamily.com, Variable Universal Life Insurance, insurance agent, doctors, residency
More episodes of Physician Family Finances Podcast
- #176 Remodel or Relocate: Should Doctors Stay or Should They Go?
- #175 Encore Episode: A Physician’s Guide to Life Insurance with Brian Leet, MBA, FLMI
- #173 Think Twice Before Rolling Your Old 403(b) into a Traditional IRA
- #172: Encore Episode: #127 A Physician Parent’s Guide to College Admissions with Lorry Krone, M.A., C.A.C
Explore listener stats, chart rankings, contacts and more on the Physician Family Finances Podcast podcast page.