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Author Archives: Billy Gwaltney

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My Promise To Every Client

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What does true dedication to client care look like in private specialty, own occupation, disability coverage? 

Join Cover Your Assets host Billy Gwaltney as he unveils his unwavering commitment to providing top-tier service for physicians. From securing the best coverage to ensuring a streamlined process, Billy’s promise to his clients is unparalleled. Discover the benefits of working with a dedicated specialist who offers personalized, concierge-level care. 

Episode Highlights:

  • Billy’s goal: Being the best in private specialty disability coverage. (01:00)
  • Overview of the essential coverage components, including the true specialty own occupation definition and enhanced residual benefit. (02:30)
  • The role of Billy’s dedicated team in providing proactive care. (04:00)
  • The importance of having a specialist who builds personal, lasting relationships with both clients and insurance companies. (06:20) 

The Cover Your Assets Podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets Podcast, host Billy Gwaltney, head of Professional Planning Group, Inc., shows you exactly what you need to do to protect your income and way of life. 

For more tips and advice, connect with the CYA Podcast on YouTube and visit the Professional Planning Group online. Stay up to date with Billy on ⁠Facebook⁠ and ⁠LinkedIn⁠. 

If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠ 

Quote Spreadsheet Overview with Benefit Increase Rider (BIR)

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Do you want to safeguard your hard-earned success? In this episode of Cover Your Assets, host Billy Gwaltney breaks down the quote spreadsheet, providing a detailed overview of the Benefit Increase Rider (BIR) and what makes disability coverage so crucial for physicians in training. Discover the top true specialty disability carriers and the key elements you need in your coverage plan. Learn the importance of private, portable, non-cancelable, and guaranteed renewable coverage with the BIR that allows you to expand your coverage once you become an attending. And gain valuable insights into getting this part of your financial life exactly right.

Episode Highlights: 

• The importance of private, portable, non-cancelable, and guaranteed renewable disability coverage. (1:17) 

• The benefits of the BIR and its significance for physicians in training. (3:17) 

• The top true specialty disability carriers and their interchangeable contract landscape. (4:42) 

• Key components of disability coverage and the role of a specialist broker in securing the right plan. (26:33) 

The Cover Your Assets podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets podcast, host Billy Gwaltney, head of Professional Planning Group, Inc. (https://ownoccdisability.com), shows you exactly what you need to do to protect your income and way of life. For more tips and advice, connect with the CYA podcast on YouTube (@billygwaltney3135) and visit the Professional Planning Group online (https://ownoccdisability.com/blog). Stay up to date with Billy on ⁠Facebook⁠ (  / ppgcarolina)⁠  , and LinkedIn (  / billy-gwaltney-chfc-clu-rebc-8b452a75)⁠  . 

If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠

Your Employer is Not Neutral When They Promote Their Group LTD Policy

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Ever wondered if your employer’s long-term disability (LTD) policy truly has your best interests at heart?

In this episode of Cover Your Assets, host Billy Gwaltney reveals the hidden truths behind employer-provided group LTD policies. Discover the significant gaps in these policies and why private specialty disability coverage might be a better safety net for you.

Billy shares insights from his extensive experience with physicians, highlighting key differences between employer group LTD policies and private insurance. Learn why it’s crucial to be informed about what your coverage truly offers.

Episode Highlights:

The basics of employer-promoted group LTD policies and their hidden biases. (01:05)

Explore significant gaps in coverage and why the benefits might fall short. (02:06)

Understand adverse selection and how it affects the definitions and effectiveness of group policies. (04:24)

Why maximizing private disability insurance is essential for comprehensive coverage. (05:23)

The Cover Your Assets Podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets Podcast, host Billy Gwaltney, head of Professional Planning Group, Inc., shows you exactly what you need to do to protect your income and way of life.

For more tips and advice, connect with the CYA Podcast on YouTube and visit the Professional Planning Group online. Stay up to date with Billy on ⁠Facebook⁠ and ⁠LinkedIn⁠.

If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠

The Ameritas GSI Details for Residents and Fellows at OhioHealth (Guaranteed Standard Issue)

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In this episode of Cover Your Assets, host Billy Gwaltney delves into the details of the Ameritas Guaranteed Standard Issue (GSI) policy for residents and fellows at OhioHealth. Discover how this top-tier true specialty own-occupation disability policy provides unparalleled coverage with no required medical screening. Billy outlines the three non-negotiable elements of a properly designed disability policy and explains how the Ameritus GSI offer ticks all the boxes. He emphasizes the importance of taking advantage of this unique opportunity while it’s available and highlights the significant benefits of securing this coverage early in your career.

Episode Highlights: 

• How Ameritus seamlessly incorporates the essential elements of a true specialty own-occupation disability policy. (00:19) 

• Three reasons why the GSI offer is a game-changer for trainees. (3:57) 

• Unique features of the GSI coverage, including portability, and non-cancelable and guaranteed renewable benefits. (6:03) 

• Potential pitfalls of delaying or applying elsewhere before taking advantage of the GSI offer. (8:35) 

The Cover Your Assets podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets podcast, host Billy Gwaltney, head of Professional Planning Group, Inc. (https://ownoccdisability.com), shows you exactly what you need to do to protect your income and way of life. For more tips and advice, connect with the CYA podcast on YouTube (@billygwaltney3135) and visit the Professional Planning Group online (https://ownoccdisability.com/blog). 

Stay up to date with Billy on ⁠Facebook⁠ (  / ppgcarolina)⁠  , and LinkedIn (  / billy-gwaltney-chfc-clu-rebc-8b452a75)⁠  . If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠

Ameritas GSI Details for Residents and Fellows at Ohio State University (Guaranteed Standard Issue)

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Are you a resident or fellow at Ohio State University? You won’t want to miss this episode of Cover Your Assets as we dive into the details of the Ameritas Guaranteed Standard Issue (GSI) policy, offering exclusive coverage with no medical screening, which is now available to you. Host Billy Gwaltney provides an in-depth look at the unique benefits of the Ameritas GSI policy for residents and fellows at Ohio State University. He outlines the three critical elements of a properly designed true specialty policy, explains the guaranteed standard issue concept, and emphasizes the importance of applying for this exclusive coverage.

Episode Highlights:

• Crucial components of a true specialty own-occupation disability insurance policy and how it can benefit physicians. (1:16) 

• GSI and its significance for residents and fellows at OSU, including the absence of medical underwriting and exclusions. (4:04) 

• Exclusive benefits and features of the Ameritas GSI policy. (5:20) 

• Important considerations – like the requirement to apply for GSI before applying elsewhere – and next steps. (8:34) 

The Cover Your Assets podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets podcast, host Billy Gwaltney, head of Professional Planning Group, Inc. (https://ownoccdisability.com), shows you exactly what you need to do to protect your income and way of life. For more tips and advice, connect with the CYA podcast on YouTube (@billygwaltney3135) and visit the Professional Planning Group online (https://ownoccdisability.com/blog).

Stay up to date with Billy on ⁠Facebook⁠ (  / ppgcarolina)⁠  , and LinkedIn (  / billy-gwaltney-chfc-clu-rebc-8b452a75)⁠  . If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠

Guardian’s GSI Details for University of Rochester (Guaranteed Standard Issue)

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Are you a resident or fellow at the University of Rochester? Have you found the key to ensuring your financial security as a physician? In this episode of Cover Your Assets, host Billy Gwaltney dives deep into Guardian’s guaranteed standard issue policy being offered to you. Listen in as he outlines the vital elements of a properly designed specialty disability policy, including the true specialty own occupation definition of disability and enhanced partial disability benefits.

Episode Highlights:

• Three vital elements of a properly designed specialty disability policy. (1:02) 

• Comparison of elimination periods and cost of living adjustment options. (7:34) 

• The risk of waiting and the importance of getting the GSI opportunity in place before applying elsewhere. (10:09)

The Cover Your Assets podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets podcast, host Billy Gwaltney, head of Professional Planning Group, Inc. (https://ownoccdisability.com), shows you exactly what you need to do to protect your income and way of life. For more tips and advice, connect with the CYA podcast on YouTube (@billygwaltney3135) and visit the Professional Planning Group online (https://ownoccdisability.com/blog).

Stay up to date with Billy on ⁠Facebook⁠ (  / ppgcarolina)⁠  , and LinkedIn (  / billy-gwaltney-chfc-clu-rebc-8b452a75)⁠  . If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠

Buyer Beware: The Term ‘Own Occupation’ Means Different Things Depending on the Type of Policy

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Did you know that the term ‘own occupation’ in your disability policy could mean completely different things based on your coverage type?

In this enlightening episode of the Cover Your Assets podcast, host Billy Gwaltney breaks down the complexities behind various disability insurance policies. He dives into the distinct differences between group employer policies and individual private disability policies and exposes the often murky definitions that can significantly impact your coverage.

This episode is a must-listen if you want to ensure your policy will actually protect you when you need it most.

Episode Highlights:

Understanding the difference in group disability policy definitions and explaining adverse selection. (02:02)

Why ‘own occupation’ means different things in employer-provided vs. individual policies. (04:41)

Examples of how policy definitions affect claim approvals. (10:57)

Key elements to look for in an individual private policy to ensure comprehensive coverage. (12:55)

The Cover Your Assets Podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets Podcast, host Billy Gwaltney, head of Professional Planning Group, Inc., shows you exactly what you need to do to protect your income and way of life.

For more tips and advice, connect with the CYA Podcast on YouTube and visit the Professional Planning Group online. Stay up to date with Billy on ⁠Facebook⁠ and ⁠LinkedIn⁠.

If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠

Guardian’s GSI Details for NewYork-Presbyterian (Guaranteed Standard Issue) – Cover Your Assets

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Are you a resident or fellow with New York-Presbyterian at Columbia, Weill Cornell, or Queens? Are you looking for disability insurance without the hassle of medical screening? In this episode of Cover Your Assets, host Billy Gwaltney provides an exclusive overview of Guardian’s Guaranteed Standard Issue (GSI) disability policy being offered to you. Learn about the unique benefits and opportunities available to residents and fellows at these facilities and discover why this coverage is considered the best on the planet. 

Billy also breaks down the three non-negotiable elements of a properly designed private specialty disability policy, provides an in-depth explanation of the Guardian guaranteed standard issue program, discusses the importance of timing in applying for this coverage, and emphasizes the exclusivity and portability of the policy.

Episode Highlights:

• True Specialty Occupation definition of disability. (1:24) 

• Enhanced Partial Disability Benefit. (2:41) 

• Long term recovery benefit and Future Increase Option details. (3:10) 

• Importance of applying for GSI before medical underwriting. (8:14) 

The Cover Your Assets podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets podcast, host Billy Gwaltney, head of Professional Planning Group, Inc. (https://ownoccdisability.com), shows you exactly what you need to do to protect your income and way of life. For more tips and advice, connect with the CYA podcast on YouTube (@billygwaltney3135) and visit the Professional Planning Group online (https://ownoccdisability.com/blog).

Stay up to date with Billy on ⁠Facebook⁠ (  / ppgcarolina)⁠  , and LinkedIn (  / billy-gwaltney-chfc-clu-rebc-8b452a75)⁠  . If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠

Cover Your Assets…From All Angles with Financial Advisor Kyle Christensen

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Are you ready to secure your financial future and plan for a fulfilling career? In this fascinating episode of Cover Your Assets, host Billy Gwaltney chats with financial advisor John Navin, dissecting the intricacies of succession planning and long-term financial strategies. John shares his vast experience and unique personal journey, making complex concepts accessible and actionable.

Discover the unique features of John’s innovative “Lifestyle Maximizer” plan, a comprehensive approach to financial health that addresses key areas such as estate and tax planning. The conversation also delves into the role of personal values and vision in shaping financial strategies, offering a roadmap to align your finances with your life goals without compromising on today’s joys.

Episode Highlights:

  • John talks about having a personal succession plan and hiring his first COO. (00:29)
  • Introduction to the “Lifestyle Maximizer” plan and its comprehensive approach. (06:17)
  • Building trust with clients nationwide and the significance of values and vision in financial planning. (14:23)
  • John’s essential financial advice on the importance of having a custom plan. (20:27)

Tune in for an episode that not only covers the essentials of financial planning but also inspires you to map out a fulfilling journey both in life and in your career. Join Billy and John as they unpack what it truly means to Cover Your Assets…From All Angles.

The Cover Your Assets Podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets Podcast, host Billy Gwaltney, head of Professional Planning Group, Inc., shows you exactly what you need to do to protect your income and way of life.

For more tips and advice, connect with the CYA Podcast on YouTube and visit the Professional Planning Group online. Stay up to date with Billy on ⁠Facebook⁠ and ⁠LinkedIn⁠.

If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠

— Send in a voice message: https://podcasters.spotify.com/pod/show/billy-gwaltney/message

Back By Popular Demand: Two Types of Disability Policies

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This episode was first broadcast in November 2022. You can find a full episode archive by subscribing to Cover Your Assets on the platform of your choice (Apple, Spotify, Amazon, or Google). 

When physicians contact me about disability policies, they always ask what types of disability policies are available. There are two different types. But even though they’re both considered disability policies, one works in your favor while the other could force you to pay back your benefits. In this episode, you’ll discover the two types of disability policies and which one you should choose for the maximum benefit.

Episode Highlights: 

• The two types of disability policies and how to pick the best one for you. (0:49) 

• The “adverse selection” reason why group LTD policies restrict your benefits. (3:14) 

• Why you might be forced to pay back your disability benefits if you sign up for the group LTD policy. (6:12) 

• How to get paid your full disability policy, even after landing another job. (7:19) 

The Cover Your Assets Podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets Podcast, host Billy Gwaltney, head of Professional Planning Group, Inc. (https://ownoccdisability.com), shows you exactly what you need to do to protect your income and way of life. For more tips and advice, connect with the CYA Podcast on YouTube (@billygwaltney3135) and visit the Professional Planning Group online (https://ownoccdisability.com/blog).

Stay up to date with Billy on ⁠Facebook⁠ (  / ppgcarolina)⁠  , and LinkedIn (  / billy-gwaltney-chfc-clu-rebc-8b452a75)⁠  . 

If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠

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