What is the Future insurability option and do I need it?

You realize that it is essential to purchase disability insurance coverage as soon as possible, even before you’ve finished your training. But what happens when your income starts to increase, and the policy you have would no longer cover your expenses in the event that you couldn’t work.  In today’s episode, Billy discusses the best way to make sure your policy will grow along with your career, how to maintain the proper coverage definitions, and how to increase your benefits, even if your health has declined. Highlights from this episode include: Why the…

What are the elimination period and COLA rider?

There are a lot of moving parts to a disability policy, and this tends to lead to a lot of questions about what is covered and when. How long after a disability do benefits begin? What happens if you are disabled for a long time and prices of good steadily climb? These are some of the factors that can have a tremendous impact on your financial future. In this episode, Billy discusses how to choose the proper elimination period, how to protect your policy from inflation, and why it sometimes makes the most…

Do I need to purchase term life insurance while in training?

Much like disability insurance, many physicians don’t give much thought to life insurance early in their training. After all, your income isn’t as high, and you don’t have time to think about one more thing. But what would happen to your family if you suddenly died? They would still need income to get back on their feet. In this episode, Billy discusses the reasons that early in your career is the time you most need to purchase life insurance, how to get the lowest possible rate and features that your policy must have….

How much life insurance do I need?

You know that disability insurance protects you if you are injured and unable to work, allowing you to still provide for your family. But what about the true worst-case scenario… Dying and leaving your family without any financial resources at all. This is where life insurance plays a significant role in your financial plan. In this episode, Billy discusses how to calculate the proper amount of life insurance, and important factors to consider when purchasing your policy.  Highlights from this episode include: This life insurance calculation helps make sure you have enough coverage…

Explaining the PPG Concierge Experience

Choosing the right disability insurance specialist is one of the most important financial decisions you can make. But if you choose poorly, you may not realize it until it is too late. You also want to make sure that you have a team of true professionals on your side to help you navigate the claims process if you ever have to use your coverage. In this episode, Billy discusses the PPG Concierge Experience, and why it sets PPG head and shoulders above the competition in every area, from purchase through claim.  Highlights from…

What is a recovery benefit and do I need it?

Disability insurance can save you from financial ruin if you’re not able to work, but what happens when you are no longer considered disabled, but are still in recovery. Maybe you can do part of your job, but not all of it, and your pay is reduced as a result. If you worked with an experienced disability insurance broker, you may be covered! In this episode, Billy discusses another under-the-radar option coverage that your disability policy should have, and how to get the benefits when you most need them. Highlights from this episode…

What is a residual benefit and do i need it?

You know that you need a disability insurance policy, but what happens if you become partially disabled. Depending on your policy, you might not get paid a benefit at all if you can do a certain percentage of your required work. This leaves you unable to fully do your job (and get paid) and unable to claim disability benefits. This is where the residual benefit rider becomes critically important. But you have to have an agent that understands exactly how this works. In this episode, Billy discusses this additional benefit, how to ensure…

What is the process for obtaining specialty disability coverage?

Getting your own specialty disability coverage is one of the best decisions you can make for your financial future. But should you try to do it by yourself? If you’ve ever looked into disability insurance, you probably know that policies are filled with confusing language and definitions. And to top it all off, companies use thier own special names that don’t always make sense. And then there’s the medical and financial underwriting process that can be tough to do on your own. In this episode, Billy goes over the most important things to…

Is working with an insurance specialist better than a general financial advisor?

If you’ve ever worked with a financial advisor on your investments and retirement, they may have brought up the subject of disability insurance with you. But should you purchase your insurance coverage from the same person who handles your investments? In many cases, those individuals are more focused on the financial side of their practice, and are less likely to be well-versed in the nuances of insurance, particularly disability insurance. In this episode, Billy discusses the reasons that disability insurance specialists can get you policies that pay a greater benefit and cost you…

Do I pay you an extra fee for your expertise?

Insurance agents have gotten a bad name recently. At worst, you probably feel like they can’t be trusted, and at best you wonder if you couldn’t get your policy cheaper if you didn’t work with an insurance agent. In fact, a lot of our clients ask if it costs extra to work with us on their disability coverage. The answer to that is a resounding NO, by the way! In this episode, Billy discusses the benefits of working with a skilled and experienced disability insurance agent, and why it could cost you lots…

I have been working with Billy since my residency, and I have been completely satisfied with my experience. We carefully planned to maximize the discounts available to residents before I graduated and even started two policies to lock in discounts at two companies. Since then, he has been immediately responsive by email and phone when questions arise about renewals or policy changes. Perhaps more importantly, I chose to work with Billy because of his character. He is a man of faith and family, which I value tremendously.

-Dr. Randy, Orthopedic Surgeon

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