Hello all, and welcome to another episode of the Mind of a Millionaire Podcast. Although our topic this week may not be the most fun to discuss, it is one of the most important topics that many of us are not considering. Disability insurance is something not many of us have, but something we should all have.
One last thought before we get into the show notes: check out the events tab on our website for upcoming DWM events. On February 21st, we have our first Pints with Partners at Dry Dock South. This is an opportunity to meet our co-founders/co-hosts and an opportunity to network with other local professionals. We are also building a team to participate with us in the 2019 Heart and Stroke Walk. This is a great opportunity to raise awareness and help those effected by heart disease. You can join our team here.
”A 35-year-old in the U.S. has a 50% chance of becoming disabled for a 90-day period, or longer, before age 65.” [1:24]
What is disability insurance? [2:32]
- How long does disability insurance cover you? [2:47]
“If you work at a big corporation, with a health insurance plan and a 401k, the chances are very good that a group disability policy is available to you.” [3:45]
What if you are an independent contractor or your company doesn’t have disability insurance? [5:10]
Social security disability insurance [5:57]
- Check into your disability insurance through work and make sure you have the maximum amount.
- If you do not receive disability through work, your job is to find a disability policy.
If you have any questions about disability insurance, send us an email or give us a call – we would be happy to help. Be sure to subscribe and follow us. As always, thanks for tuning in!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
No strategy assures success or protects against loss.
This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. Please keep in mind that insurance companies alone determine insurability and some people may be deemed uninsurable because of health reasons, occupation, and lifestyle choices.
The information in the links above are being provided strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. We make no representation as to the completeness or accuracy of the information provided at these web sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to your use of third-party technologies web sites, information and programs made available through this web site. When you access one of these websites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.