Consider lump-sum needs when buying life insurance

January 1, 2004
Joel M. Blau, CFP

Mr. Blau is chief executive officer of MEDIQUS Asset Advisors, Inc., in Chicago. He can be reached at 800-883-8555 or

Q How much life insurance coverage is recommended for physicians whohave a family?A Many physicians recognize the benefits of developing an overallfinancial plan to meet positive long-term objectives, such as retirementsavings and education funding. However, putting a plan in place to addressthe unexpected, via life insurance, is less pleasant and can be quite difficult.