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How Can MDcpas Help Physicians & Dentists with Life Insurance and Estate Planning?

For the physicians and the dentists, being financially stable is equally as important as having a practice up and running. Life & DBL insurance for physicians & dentists provides a blanket of protection for personal and professional assets, respectively, through which they find security for themselves and their loved ones.

Life & DBL insurance for physicians & dentists

In New York, DBL insurance provides a partial income replacement for a short-term disability. However, given their high incomes, most health care professionals find that the standard DBL coverage falls short. This is where disability insurance comes in; its role is to regulate finances while the patient is away from work and focus on his recovery.


Life insurance is similarly an invaluable tool for asset protection. This protects the family in the case there are debts, etc., that need paying off, and it could also be structured to allow for business continuity in the case of death at a young age. Life insurance also enables succession planning on behalf of a physician or dentist with a private practice, smoothing the way for their business transition.


Beyond insurance, estate planning for doctors becomes an important aspect of wealth protection, as it facilitates the smooth transfer of property. Effective estate planning may minimize taxes as it avoids the dreaded and tedious process of probate associated with simple estate transfers. It also includes putting in place different trusts, and retirement accounts, and designating beneficiaries aligned with your long-term goals.


At MDcpas, we specialize in Life & DBL insurance for physicians & dentists and estate planning for doctors. Our expert advisors help develop customized financial plans for the unique needs of healthcare professionals across the Colorado region.


Get your future financial security today! Call MDcpas today and learn about customized insurance and estate planning solutions that suit your needs. 

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