EP #7: Mastering Disability Coverage

Unlock the essential secrets of disability insurance as we dismantle the complexities of this crucial financial safety net. Wondering how to ensure financial security if life throws you a curveball with health issues or accidents? Our conversation promises to arm you with the knowledge needed to confidently navigate disability insurance choices. Discover the pivotal distinctions between group policies that offer ease and accessibility through employers and customizable individual policies that require more stringent underwriting but deliver tax-free benefits.

Explore the significance of "own occupation" policies and how they can safeguard your career if you're unable to perform your specific job duties. We bring real-life examples, such as a physician who managed to keep his practice running despite his own limitations. The episode doesn't shy away from addressing the rigorous underwriting process, the virtues of securing a policy early in life, and the potential pitfalls of modern coverage limitations. Plus, we explore how riders like future increase and residual disability can enhance your policy's adaptability and support. Tune in to gain insights into ensuring robust financial protection through thoughtful disability insurance planning.