"It’s a very fluid situation. 90% of financial services institutions had a pandemic response ready. From a broad scale perspective, the financial stability portion is not a concern as this time." - Maxwell Schmitz
"Everyone has a plan, until they get punched in the mouth." - Mike Tyson
In this episode, I spoke with Maxwell Schmitz, the Insurance Resource for Certified Financial Planners about the impact of Covid-19 on the insurance industry. We discussed the impact of Covid-19 on the application process, underwriting and claims along with how this could change the industry in the future.
Connect with Maxwell Schmitz:
LinkedIn: Maxwell Schmitz (here)
Website: DI & LTC Insurance Services (here)
Maxwell Schmitz joined DI & LTC Insurance Services as a third-generation DI specialist in the bottom of the recession in 2009. Since then he has developed a specialty in working with CFPs and RIAs to consult and implement proper disability planning for their clients. Max and I also co-authored The Questions and Answers on Disability Insurance Workbook
Please subscribe to the GET READY! With Tony Steuer podcast.