B.J. Bryant and Jeff McElroy, CFP, CLU are approved members of the Physicians Benefit Network (PBN), a nationwide group of top physician advisors serving over 10,000 physician clients, and are experienced at helping physicians and surgeons evaluate specialty-specific disability insurance, life insurance, asset protection, investment and other financial services. They are both 20-year veterans in the financial services industry and founded BMH Investment Group in 1998.
BMH Investment Group is a broad-based financial planning and investment practice and can help you with all of your personal and business financial needs. From financial planning and investments to insurance needs, they have many planning and risk management products and services available to choose from to suit your individual needs.
Most likely your biggest asset is your ability to work and earn income.
To be prepared in the case of an extended period of disability, it is important to look at disability insurance. There are many policies available out there and finding the most suitable policy for your needs can oftentimes be confusing. Are their partial or residual benefits? Does the policy adjust for cost of living? What benefit period should I select?
These are all important questions and BMH is here to help you answer. Through discussion of your needs and available products, BMH can help you feel more comfortable selecting a plan that is right for you.
Business Overhead Expense Insurance
In your practice if one or more of the physicians were unable to work, would your company be able to sustain itself? Sole-proprietorships and partnerships are usually the most vulnerable to this issue. To manage this significant risk, disability insurance is available for your business so that it can continue to operate should one of the physicians be unable to work due to disability. Disability Overhead Insurance can help you cover the normal operating expenses such as employees' salaries, equipment leases, utilities, rent, etc.
If this is a concern for you, we can explain more about your options for Disability Overhead Insurance.
Life insurance is one of the aspects that is a part of responsible planning. It helps to ensure that the ongoing needs of survivor(s) are met and provides for immediate cash needs. There are many different types of life insurance available today including:
- Decreasing Term
- Annual Renewable Term
- Long-term Level Premium Term
- Whole Life
- Universal Life
It is important to have a person trained in life insurance – like the professionals at BMH - explain the many different policies available and to assist in selecting the one which will best fits your needs.
If you already have a policy, BMH can also review your existing policy to make sure you are properly covered. In some cases they find that physicians are over-insured or that the premium has become unaffordable.
Long-term Care Insurance
Did you know that 60% of people over the age of 65 will require long-term care? Additionally, after the first 100 days of care covered by Medicare, you are responsible for any additional care?*
Planning for long-term care earlier rather than later is always a smart choice. At BMH, we have access to numerous leading vendors and can help you find the right policy that aligns with your needs.
*U.S. Department of Health and Human Services, www.longtermcare.gov , 11/07/07.
BMH is here to make your life easier by being a central contact for all of your finances. By keeping in regular contact with you, BMH financial professionals keep a pulse on your current financial state and your goals. They can work with your CPA and attorney so that all of your finances are organized, and your financial plan is being executed exactly as you would like.
At BMH, we are a broad-based financial firm so we can help you with not only your insurance needs, but all of your personal and business financial needs. From retirement planning to insurance needs, we have many planning and risk management products and services available.
With your finances there are always so many moving parts with your CPA/tax advisor, attorney, and others. We are here to make your life easier by being a central contact for all of your finances. By keeping in regular contact with you, we keep a pulse on your current financial state and your goals. We can work with your CPA and attorney so that all of your finances are organized, and your financial plan is being executed exactly as you would like.
The professionals at BMH offers a variety of comprehensive planning services including, but not limited to:
- Retirement Funding
- Estate Planning
- Business Succession Strategies:
- Buy/Sell Agreements
- Key Man Insurance
- College Planning
For more information about these and other services,
Call BMH Investment Group today at:
(843) 293-0523 - Local
(800) 595-0522 - Toll-Free
(704) 892-0420 - Local
(800) 357-0085 - Toll-Free