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Welcome to this session of grand rounds, a collection of posts I have discovered in the blogosphere and have found of interest and hope you do too.
This offering of Grand Rounds looks at articles from around the web that deal with how to protect yourself via insurance.
When insurance salespeople are tasked with hitting minimum quotas to maintain employment with their company it is no wonder that they are all about the hard sell.
It is more about volume than putting a client’s best interest at heart.
Most of the time these policies are kept behind closed doors so that the company can at least try to maintain an image of helping its clients.
Therefore it was refreshing to see a wonderful guest post on White Coat Investor of not one but two former individuals in the industry titled, “Confessions Of A ‘Financial Advisor.’”
Spoiler: Combining an insurance product and an investment product typically profits only the company that offers it.
One of the biggest concerns an early retiree faces is how to deal with health insurance premiums now that an employer is no longer partially subsidizing that cost.
With healthcare costs continuing to rise greater than the rate of inflation, this can indeed be quite daunting.
ESI Money has a guest post written by Debt Free Doctor giving some valuable tips to potentially make the financial hit a lot less damaging in, “How To Save Money On Medical Costs.”
You have spent years and years of sacrifice to become a physician or other high income earner and maximize your human capital.
As you convert that human capital into actual monetary capital, it is important that you employ adequate measures to protect said capital lest it be taken away in an instant.
This is where insurance and legal entities such as trusts and wills play such a significant factor in your life.
FI Physician has given a great blueprint for you to determine where you are lacking in order to shore your defenses up in, “Asset Protection For High Income Earners.”
There are so many potential stumbling points when you are starting to get your asset protection measures in place.
Make one mistake and everything you thought was protected could become exposed.
White Coat Investor helps educate us on Asset Protection so we can avoid mistakes and protect ourselves with his article, “20 Things You Need To Know About Asset Protection.”
For those fans of the reality show, Big Brother, one of the famous tag lines is, “Expect The Unexpected.”
Unfortunately this does not just apply to reality TV and can certainly take you by surprise in everyday life.
It is imperative to have a plan in place in case something happens to you or your loved one so the survivor can make the transition as smooth as possible.
Cory Fawcett had a reader submit a story highlighting just how helpful it was for her to have everything in place when her husband tragically died in, “My Solo Practitioner Spouse Died Unexpectedly.”
Hope you enjoyed the reading material.
Have a great rest of the week.
If you are in search of financial help, please consider enlisting the service of any of the sponsors of this blog who I feel are part of the “good guys and gals of finance.”
Even a steadfast DIY’er can sometimes gain benefit from the occasional professional input.
NOTE: The website XRAYVSN contains affiliate links and thus receives compensation whenever a purchase through these links is made (at no further cost to you). As an Amazon Associate I earn from qualifying purchases. Although these proceeds help keep this site going they do not have any bearing on the reviews of any products I endorse which are from my own honest experiences. Thank you- XRAYVSN