Author Archives: Billy Gwaltney

As a physician, your time is limited…

So, don’t waste it searching through info on disability insurance that won’t help you.

With so much bad advice out there, it’s crucial to get the right details!

Otherwise you risk yourself into policies that charge you crazy premiums and never pay off when crisis strikes… Leaving you and your family high & dry…

That’s why I’m here to share the crucial bits you need to know before getting disability insurance. This way, you’ll be safe from shady policies and save yourself years of headache and money.

Listen now!

Show Highlights Include:

Your most crucial asset as a young physician to take care of (hint: it’s not what you think) (1:43)

Don’t have time to look into disability insurance? Here are the top 2 disability policies you need to know about (3:00)

#1 insurance type you need to have now (Note: This will save you years of headache & money) (3:24)

The sneaky ways certain policies siphon all your money and leave you high & dry during a crisis (3:41)

Make sure your coverage has THIS benefit added on to it (Having this will save you from insurance companies that try to cancel your policy) (6:35)

Getting coverage is easy, considering all the options you have.

But knowing what to pick or who to go to get help from is tricky.

To make matters worse: There are tons of bad brokers that will gladly take your money from your pockets. And employers that promise big payouts but leave you high & dry in times of crisis…

In this episode, I’ll reveal exactly how you can navigate the various minefields of the insurance world and get the right coverage for you.

Listen now!

Show Highlights Include:

The real truth behind insurance companies and why most people can’t get a higher premium (2:46)

Surprising reason why you’ll be charged the same by insurance companies even if your pay goes down by more than half (4:09)

2 crucial factors insurance companies look at when deciding how much coverage you need (5:25)

The earliest you’re eligible for an increase in coverage as a trainee (Note: Look out for this window so that you can get more coverage over the long term) (6:06) How to get more credit for your coverage on your guaranteed bonus on pay (7:13)

Are you an independent contractor? Here’s how long you need to wait before an insurance company will give you credit for your new income (7:41)

Sneaky “Definition Watering” tactic insurance companies use to make it difficult for people to collect coverage (and how you can prevent that) (10:36)

How your employer could unknowingly cause your private speciality disability benefit to go down by half (and what you can do to avoid it) (12:00)

The dirty little secrets of employers who brag about having up to 60% of their salary replacement as a joining benefit (13:19)

Embracing an entrepreneurial mindset unlocks unfair advantages.

Not only does it save your most valuable assets (time and money), but it also makes you more credible in your patients’ eyes. In fact, this can make you the top choice in your entire market.

But how can you embrace an entrepreneurial mindset as a physician?

In this episode, I reveal how to think like a business owner, and revel in the  unexpected benefits that thinking like an entrepreneur unlocks.

Want to save time, cut costs, and become the most in-demand physician in your market?

Listen now!

Show Highlights Include:

The ONE simple mindset shift that can help you think more like an entrepreneur and earn more by as soon as next week  (1:58)

Why having an entrepreneurial mindset helps you better serve your patients (and helps you pay off your student debt in half the time) (3:45)

How to position yourself as the #1 physician in your area and make patients line up around the block to see you (5:33)

The counterintuitive reason why a lot of physicians end up becoming entrepreneurs without realizing (and how not using this fact to their advantage is costing them time, money & credibility) (6:24)

Picking the right disability coverage provider is a big deal.

Why?

Because they’ll be your safety net when times get tough, and you’ll be paying them for a long time.

Make sure it’s a wise investment.

Join me in this episode as I reveal the top companies we recommend, along with what to watch out for. Plus, I’ll share two more alternatives if you can’t access the top four.

Tune in now!

Show Highlights Include:

The Ultimate Disability Coverage: 4 Companies You Can’t Afford to Overlook (Warning: Choosing Otherwise Could Cost You Thousands) (1:05)

Choose this company if you expect to have an exception during the lifetime of your policy (Note: no other company will let you add changes to your policy) (1:54)

Want the lower rates on your policy? Choose THIS! (This will save you a fortune on premiums over the years…) (2:15)

Medical screenings are a concern? Can’t pick among the 4 companies? Here are 2 more companies you can pick (3:55)

There’s a proper process you need to follow if you want to set up your disability coverage the right way.

And it’s something most people miss when they self-insure…

Join me in this episode as I guide you through the steps to get the cheapest disability coverage that protects you just as well as the expensive ones…

Listen now!

Show Highlights Include:

The 4 best companies that offer true speciality own occupation disability coverage (Warning: if you don’t pick from one of these you risk losing thousands of dollars in muddy contracts) (2:01)

Why some cheaper contracts are just as good as expensive ones (and how to get one) (3:10) 

The correct way to proceed with your coverage if you’re ready (Note: follow this method to avoid unnecessary hassle that comes with the paperwork) (8:40)

Why you should take action ASAP to get the affordable coverage (Waiting too long means you’ll end up paying thousands more on premiums long-term) (11:51)

Getting a benefit increase rider on your policy is the smartest move you can make to ensure a smoother life ahead.

But there’s a catch…

There are hidden pitfalls that most people don’t know about that give insurance companies the power to snatch away your precious benefit increase rider.

Putting your future at risk.

In this episode, I will unveil the surprising reasons people lose their benefit increase rider. You’ll also discover the unfortunate truth about having to endure additional medical screenings and the devastating possibility of not receiving the increase you were counting on.

Listen now!

Show Highlights Include:

Surprising reason why the benefits increase rider actually ends up making your premiums cheaper (2:04)

Trainees: Here’s how you should get your brokers to structure your policies to get the maximum possible benefits over the long term (2:16)

Don’t have disability coverage? Here’s the “perfect” time to get the largest discount and maximum benefits when you get the coverage (3:15)

The “Coverage Purchase” formula that insurance companies use to figure out exactly how much coverage you need (and how you can increase that) (3:51)

The shortest amount of time you have to wait to legally increase your coverage (5:03)

Already have benefit increase rider? Here’s how you can prevent insurance companies from sneakily taking it off your policy… (5:10)

Why increasing your coverage by a low amount can enable insurance companies to snatch away your benefits increase rider (5:44)

Here’s how you can increase your coverage as a trainee in half the time attendees can (7:01)

The biggest regret every policyholder that goes through a claim has (and how you can potentially save yourself from a massive headache in the long-term) (11:05)

There are two ways to retire as a physician: you can either retire sitting on a pile of assets you’re afraid to touch, or you can enjoy life, knowing your finances are secure no matter what happens to you.

If you want to belong to the second camp, this is the episode for you.

Today we’re joined for the second installment of Kyle Christensen’s 2-part interview on financial planning.

In this episode, you’ll discover the 3 investing rules that help you plan your finances for maximum wealth. Plus, you’ll find out what kind of life insurance policy gives you the most peace of mind as you advance through your career.

Tune in now!

Show Highlights Include:

Do you know your maximum life insurance? If not, listen now. It could save your spouse’s quality of life when you croak (0:35)

The 3 types of life insurance, which one is cheapest, and which to get if you want the biggest payout possible (6:11)

Why self-insuring is almost always a costly mistake (even if it seems cost-effective on the surface) (10:43)

The surprising “life enjoyment” benefits of keeping an active life insurance policy after retirement (16:51)

Why is it that doctors are so skilled, yet have so little control of their careers?

Your time is controlled by your patients. And your salary is capped by insurance reimbursement rates.

Financial planning, on the other hand, is one of the areas where you have plenty of control. Yet most physicians throw it away to financial institutions, praying they’ll have your best interests at heart.

Spoiler alert: they don’t.

And because of that, you could miss out on millions of dollars by retirement.

But today’s guest, San Antonio financial advisor Kyle Christensen has a solution.

In this episode, you’ll discover 5 financial planning principles that put your finances back in your control and help you retire wealthy.

Tune in now!

Show Highlights Include:

A simple mindset shift that could transform a physician’s chaotic schedule into a smooth day (3:44)

Why most physicians are bad with money, why it’s not your fault (and how to take ownership of your financial future) (13:57)

The weird reason investing your income is like lighting your money on fire (unless you do this with 15% of your income first) (16:35)

The “pretend protection” trap that leaves optimistic physicians incapacitated and broke (18:31) 

How to guard yourself against “The 4 Rules” financial institutions use to give you as little money as possible (21:47)

The “Velocity of Money” strategy that helps international banks (and savvy physicians) become outrageously wealthy (27:57)

If you’ve ever thought about whether or not you need a broker, then you’re not alone.

Thousands of physicians have asked the same question…

It’s only responsible to know if you need to be spending money on something you could likely do yourself.

Join me in this episode as we delve deep into the question on every physician’s mind: Do I really need a broker? We’ll explore the benefits and drawbacks of having a broker, how it can potentially save you time and effort, and much, much more!

Tune in now!

Show Highlights Include:

Why reading a disability coverage contract by yourself is like navigating a field of landmines (1:17)

How choosing the wrong broker can cost you upwards of $20,000 every month (2:51)

Top 5 traits you need to look for when you’re choosing a broker (This will save you unnecessary stress & headache at the time of a claim) (3:09)

Here’s why 95% of the brokers on the market are the worst possible choice for a physician (3:37)

If you enjoyed and valued this content, you might also want to check out Episode 62 – Certainty is the expectation. This episode is available on this site’s podcast channel (Click HERE) or on Spotifyor Apple Podcasts.

And/or Is Disability Insurance Really Worth It? With Dr. Naguib Farah. This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.

And/or Do I need a broker? This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.

Some people think it’s better to skip a broker and go straight to an insurance company to avoid paying an extra fee.

Which is an excellent idea if you want to save money by doing the work yourself.

But unfortunately, it is more complicated than you think. And often, it’s more expensive to go straight to the insurance companies because you won’t get the best rates (and you wind up paying for the broker fee anyway).

Join me in this episode as I share whether skipping a broker is a good idea or not. And how to get the best disability coverage, and save yourself from coverage issues that cause frustration and hurt your wallet.

Tune in now!

Show Highlights Include:

Can you go straight to an insurance company to avoid paying an extra fee for the broker? Here’s why it could cost you more… (1:17)

How to choose the right broker (Warning: not knowing this could cost you thousands of dollars) (2:33)

Why buying disability coverage from a large firm is the worst financial decision you can make that’ll cost you thousands in the long term (5:18)

The 3 traits your disability coverage broker absolutely needs to have (This will save you from headaches & unnecessary work in the long run) (7:18)

If you enjoyed and valued this content, you might also want to check out Why the Broker Matters. This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.