Disability & Long-Term Care Planning for Pilots

As we continue our discussion on contingency planning, today's focus shifts to disability and long-term care. Disability insurance is a vital component of a pilot's financial strategy. Given the unique nature of their profession, pilots face specific risks that can impact their ability to work. It’s important for them to ensure their income is adequately protected, especially in the event of unforeseen circumstances.

Long-term care is another critical area that many overlook until they are nearing retirement. The costs associated with long-term care can be staggering, and without proper planning, they can quickly deplete one’s life savings. Join Marc and Scott as they explain why planning for both disability and long-term care now is so important.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:12 – Disability planning for pilots

5:29 – Long-term care considerations

9:45 – Getting it done + Final thoughts

Resources:

Schedule A Call with Scott: http://callosborn.com/

Scott's Book, A Pilot's Guide To Maximizing Wealth & Cashflow In Retirement: https://amzn.to/3xSn1ii

The Pilot's Planner Website: https://thepilotsplanner.com/

Watch the podcast on YouTube! https://www.youtube.com/@ThePilotsPlanner