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.
Billy Gwaltney
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