# Life Insurance for Doctors and Nurses | Lighthouse Legacy > Life insurance, living benefits, retirement income and coverage for their children: Sharon Donovan helps doctors and nurses in AR, MO and TX. Canonical page: https://lighthouselegacystrategies.com/healthcare-professionals # You take care of everyone else. This part is for you. Doctors, nurses, techs and the people who keep a hospital running work schedules that do not leave room for a sales pitch. I help healthcare professionals in Arkansas, Missouri and Texas protect their income, their families and their children's future in one short conversation at a time. ## Three gaps every healthcare household carries Healthcare professionals see what a diagnosis does to a family more often than anyone. They also tend to carry the same three gaps. Group life insurance that ends with the job, an income that depends entirely on being able to work, and a retirement plan that was set up during orientation and never looked at again. I work with physicians, nurses, nurse practitioners, therapists, technologists and hospital staff across the three states where I am licensed. Twelve-hour shifts and on-call weeks are normal here, which is why most of my consultations happen by phone or video, in the evening, in twenty to thirty minutes. Doctors and nurses also ask me about their children more than any other group. A small whole life policy on a child locks in their insurability for life, whatever their health turns out to be, and builds cash value quietly in the background. It is one of the least expensive things a parent can do and one of the hardest to undo once a diagnosis lands. At a glance ## The decisions that actually move the needle ### Coverage that follows you, not the job Hospital group life is usually one to two times salary and it stops when you change employers, which healthcare professionals do often. A personal term or permanent policy belongs to you, locks in your health rating today and comes with you to the next position. ### Living benefits for the income you cannot replace A physician's or nurse's income depends on being able to work. Living benefit riders let you access part of your death benefit after a qualifying critical, chronic or terminal diagnosis, while you are still here. Many policies include them at no extra premium, and I confirm what is built in before you buy. ### Whole life for your children A small permanent policy on a child guarantees they can hold coverage for life regardless of a later diagnosis, and it builds cash value they can use as adults. Premiums are locked at a child's rate and never rise. ### Retirement income beyond the 403(b) Nonprofit hospitals typically offer a 403(b) and sometimes a 457. Those build a balance. Turning it into income you cannot outlive is a separate design, and for higher earners a properly funded IUL can add a tax-advantaged supplement on top. ### Final expense and mortgage protection The same two policies every family needs, sized to a healthcare household: a mortgage that assumed two incomes, and the smaller policy that keeps a funeral from becoming a bill. ## The four calls I get most from healthcare workers ### What if I cannot work? Living benefits and the right riders, explained with the actual trigger language rather than a brochure. ### My kids are not covered Juvenile whole life, what it costs, what it locks in, and why parents in medicine ask about it most. ### A 403(b) is a balance, not income Where a guaranteed income floor fits alongside your hospital plan and Social Security. ### I have no time for this Twenty to thirty minutes by phone, in the evening, around your shift. That is the whole first step. ## Four steps, no application in the first one ### Send what you have Your benefits summary from HR, any personal policies and a rough monthly budget. A photo of the paperwork is fine. ### One call, around your shift We find the gaps: what ends with the job, what happens if you cannot work, and what your children have. ### Options from several carriers Term, permanent, living benefits and juvenile policies compared side by side, with the trade-offs written down. ### Coverage, then an annual review I handle the application and check in yearly, because healthcare careers and hospital benefits change. ## Healthcare workers ask these most ### Is the life insurance from my hospital enough? Group coverage through a hospital or practice is a real benefit and rarely the whole answer. It is usually a modest multiple of salary, it typically ends when you leave, and healthcare professionals change employers often. An individual policy belongs to you, follows you between positions and locks in your health rating today. Many people keep both. ### Why do doctors and nurses buy life insurance on their children? Because they have seen what an uninsurable diagnosis looks like. A small whole life policy on a child locks in the ability to hold coverage for life regardless of later health, and it builds cash value the child can use as an adult. Premiums are set at a child's rate and never increase. It is one of the least expensive policies I place. ### What are living benefits and why do they matter in healthcare? Living benefits, also called accelerated benefit riders, let you access part of your death benefit while you are alive after a qualifying critical, chronic or terminal diagnosis. For someone whose income depends on being able to work, that money can cover treatment, lost income or anything else. Many policies include them at no extra premium, and I show you the exact trigger language before you buy. ### Can an IUL supplement my hospital retirement plan? For the right person, yes. A properly funded indexed universal life policy can provide tax-advantaged supplemental retirement income through policy loans, with no market losses credited to your account. It works best for higher earners who have already used their 403(b) or 401(k) and can fund it consistently. It is not a replacement for an employer match. ### Do you work with nurses and techs, or only physicians? Everyone who works in healthcare. Nurses, nurse practitioners, physician assistants, therapists, technologists, pharmacists, administrators and support staff all carry the same three gaps, just at different sizes. The conversation is the same and so is the price of it, which is nothing. ### Can I get coverage with a health condition of my own? Very often, yes. Carriers underwrite differently, so a condition that stops one company may be acceptable at another. Well managed conditions are underwritten routinely, and simplified-issue and guaranteed-issue options exist. No one can promise an outcome before a carrier reviews your file, but the odds are better than most people assume. ### How do you schedule around a hospital shift? Most consultations happen by phone or video in twenty to thirty minutes, and evenings are normal. Call or text (501) 516-9456 or book a time on the contact page. If you are on nights, tell me and we will find a time that fits. ## The other people I work with ### Federal Employees FERS, TSP, FEGLI and the survivor election, read together before the paperwork deadline instead of after. ### Truck Drivers Owner-operators with no employer benefits, company drivers whose coverage ends with the job, and a retirement without a pension. ## Twenty minutes, around your schedule. Call or text, or pick a time on the calendar. No product is presented, no application is opened, and there is no cost to have the conversation. --- Lighthouse Legacy Strategies, the independent insurance practice of Sharon Donovan, a licensed life insurance and annuity agent in Arkansas, Missouri and Texas, based in Little Rock, Arkansas. Retirement income planning, annuities, life insurance and IUL with living benefits, final expense and mortgage protection. Sharon Donovan (501) 516-9456 (call or text), sharon.donovan@wealthwave.com. By appointment, including evenings. Most consultations happen by phone or video. Important disclosures: Lighthouse Legacy Strategies is an independent insurance practice. Sharon Donovan is a licensed insurance agent (NPN 18170848) in Arkansas, Missouri and Texas. This website is for educational purposes only and is not financial, tax, legal or investment advice. Guarantees are backed by the claims-paying ability of the issuing insurance company. Policy loans and withdrawals reduce cash value and death benefits. Not affiliated with any government agency. Full set: https://lighthouselegacystrategies.com/disclosures Powered by [Launch Automation](https://launchautomation.ai/websites/)