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Ask Dave

Safe From Malpractice

Joe's brother-in-law is a doctor who needs to cut out the whole life insurance and just get malpractice insurance.

QUESTION: Joe’s brother-in-law is a doctor who signed up for a whole life insurance policy. He was told it’s the only way to protect his money if he’s sued for malpractice. Does Dave agree?

ANSWER: These whole life insurance policy guys aim at the doctors and lawyers to sell their product. Here’s what your brother-in-law is doing. He’s making 2% on his money, and when he dies, the policy only pays the face value. He shouldn’t do this, and just get malpractice insurance.

Do You Have the Right Coverage? 

Do You Have the Right Coverage? 

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Do You Have the Right Coverage?  

Find out with our free 5-Minute Coverage Checkup!
Take the Coverage Checkup