In this episode of the Cover Your Assets podcast, host Billy Gwaltney discusses the critical importance of understanding medical records when applying for specialty disability coverage. He shares a real-life example of a physician's experience with the insurance underwriting process, emphasizing the need for accurate disclosure of medical history and the potential implications of miscommunication. The conversation highlights the role of insurance brokers, the nuances of HIPAA regulations, and the importance of being forthcoming with medical information to ensure a smooth application process.

Chapters

(00:20) Welcome

(03:26) The Importance of Accurate Disclosure in Applications

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.

In this episode of the Cover Your Assets podcast, host Billy Gwaltney discusses the benefit increase rider in disability insurance policies for physicians. He explains how this rider allows for increased coverage without redoing medical screenings, the importance of regular income updates, and the limitations regarding age and eligibility for increases. The conversation emphasizes the need for physicians to stay informed about their policies to ensure adequate coverage throughout their careers.

Chapters

(00:20) Welcome

(00:15) Understanding the Benefit Increase Rider

(01:15) Importance of Regular Income Updates

(02:43) Limitations and Expiration of the Rider

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.

Summary

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.

Chapters

(00:20) Welcome

(03:01) Navigating Claims: Private vs. Group LTD Policies

(05:49) The Importance of Proper Coverage