Host Billy Gwaltney dives into the crucial topic of disability policies and how they are impacted when your income changes in this episode of Cover Your Assets. As a vital piece of security for many professionals, understanding the mechanics of these policies can save you from a potential financial pitfall. Billy breaks down the importance of non-cancelable and guaranteed renewable policies and provides clear guidance on managing your coverage amidst income fluctuations.
Explore the finer details of maintaining optimal protection, even when life throws a curveball.
Episode Highlights:
- What non-cancelable and guaranteed renewable means for your disability policy. (04:44)
- How increased coverage works with future income reductions. (02:30)
- The flexibility of reducing your coverage and premium. (04:50)
- Personalized advice for managing your disability policy effectively. (05:59)
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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