Wealth Professional
October 20, 2023.
Joseph Bakish, Portfolio Manager and Investment Advisor at Bakish Wealth with Richardson Wealth, discusses with Wealth Professional the importance of insurance planning for physician clients.
Bakish notes that “Physicians should typically increase their coverage as their income grows…”
“Given the purpose of the coverage is to mitigate the risk of long-term disability (an emergency fund should cover short-term income loss), a COLA rider seems natural to add to a base policy.”
