
In this episode of the Cover Your Assets podcast, host Billy Gwaltney discusses the intricacies of disability insurance, focusing on the differences between private policies and employer group long-term disability (LTD) policies. He explains how physicians can collect from both types of policies if they meet the definitions of disability, but emphasizes that private coverage is generally more reliable. The conversation also touches on the challenges faced by clients when navigating claims and the importance of understanding the details of their coverage.
Takeaways:
- You can collect from both private and group LTD policies if eligible though most clients maximize their private coverage for reliability since employer group LTD policies are often less comprehensive.
- The definition of disability varies between policies. Many clients do not collect from their group LTD policies.
- Adverse selection affects the strength of group LTD policies.
- COVID-19 has changed how disability is defined in medicine.
- It's important to seek advice when navigating claims.

Billy Gwaltney
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