ABSTRACT
Life insurance can be a confusing subject in that there are many varieties of it, the products can be complicated, and your needs will necessarily change in relation to your life phase and circumstances. The classic case for life insurance is the young family, where the children will need continued support in the event of the death of one or both parents. There are a variety of ways to calculate your life insurance needs. There are two basic types of life insurance: temporary and permanent. The rule of thumb for permanent insurance is a permanent need for insurance. Good health and life insurance can have a problematical relationship to each other. The very reputable insurance company Genworth does an annual survey of long-term care costs. A common financial mistake of therapists in private practice is lack of adequate disability insurance. Some policies use a definition of disability as restrictive as Social Security: The insured cannot work at any occupation.
