In this episode of Cover Your Assets, host Billy Gwaltney explains the crucial elements of a well-structured disability policy, focusing on the often-misunderstood Enhanced Residual Benefit. Billy explores why this benefit is a non-negotiable part of any physician's robust disability insurance plan. Tune in to grasp the importance of this coverage and learn how it can protect you from financial instability if you can only work part-time due to illness or injury.
Episode Highlights:
- Three non-negotiable elements of disability policies. (01:17)
- Real-world cases illustrating the necessity of the benefit for part-time work scenarios. (04:32)
- Common pitfalls to watch out for in association and group long-term disability policies. (05:43)
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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