How to Choose the Right Disability Policy for You

As a physician, how do you choose the right disability policy for your specific needs, to protect your income and way of life? From understanding the importance of private coverage to exploring the three non-negotiable components of a quality policy, host Billy Gwaltney provides valuable insights to help you make an informed decision. Discover why relying solely on employer policies or group coverage may not provide the necessary protection, find out which companies are offering the best coverage, and learn the three non-negotiable components of a quality disability policy. Listen to this episode for crucial tips and to gain the peace of mind that financial security brings.

Episode Highlights:

• The significance of owning a private disability policy and the importance of comprehensive definitions. (00:38)

• Four insurance companies currently offering private, non-cancelable, and guaranteed renewable disability coverage. (2:50)

• Understand why the name brand or popularity of an insurance company is not as important as the contract itself. (5:28)

• Explore the three non-negotiable components of a quality disability policy: true specialty own occupation definition, enhanced residual benefit, and long-term recovery benefit. (6:36)

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.⁠