Short guidance from Ndubuisi 'Andy' Egwim on finding life insurance tailored for doctors: start by checking comparison websites to get a sense of likely costs, but do not rely on them alone; more important is engaging a properly licensed insurance advisor—preferably recommended by another doctor—who can review your whole-market options and your personal needs (mortgage, children’s schooling, spouse income replacement) and calculate coverage required based on your income and obligations.
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So the place to start one will be comparison websites. There are a lot of good comparison websites where you could go and that would just give you a general idea. I wouldn't suggest going straight to the comparison website, but that will give you a general idea of what you need to pay for and that might be a good start. So there's quite a few comparison websites that are out there. Let's compare the market. There's a good compare. You could start with any of them. But really, really quite critical is the second point. You need an insurance advisor who someone has used, hopefully a doctor, someone in a similar circumstance, someone who is properly licensed. So an insurance advisor will be able to look at the whole market, look at your circumstances, look at what you're trying to protect against. Maybe you've got a mortgage, you want to make sure that it's paid for. Maybe you've got somebody in school, you want to make sure that if you're not around anymore that they are, they are covered for. Maybe you've got a spouse and you don't want them to have to work so hard if you're not around. So the insurance advisor can check your income, check what you need to cover for.
