Did you know that the average disability claim lasts for nearly 7 years? In this episode, Billy Gwaltney delves into the duration of disability claims and why it's important to have the right insurance coverage. He breaks down statistics from the Council for Disability Awareness and highlights the most commonly claimed types of disabilities. Learn more about the significance of the true specialty own occupation definition of disability and the need for a long-term recovery benefit. Tune in to this episode to learn more about the duration of disability claims and how to protect your financial security.
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Tune in to this episode to learn more about the duration of disability claims and how to protect your financial security.
Episode Highlights:
• Statistics from the Council for Disability Awareness on the duration of disability claims. (00:45)
• Types of disability claims and the most common illnesses that cause them. (3:43)
• The importance of having insurance coverage that considers your specific occupation and allows for alternative ways of practicing medicine, even if you can't physically show up to work. (5:46)
• Why you need a long-term recovery benefit in your insurance coverage. (8:55)
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 shows you exactly what you need to do to protect your income and way of life.
Stay up to date with Billy on Facebook ( / ppgcarolina) , LinkedIn ( / billy-gwaltney-chfc-clu-rebc-8b452a75) , or YouTube (@billygwaltney3135). If you have questions, feedback, or just want to connect, email Billy at billy@ownoccdisability.com.
Billy Gwaltney
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