Optimizing Your Most Important Insurance Policy: Disability Insurance Deep Dive with Kristen Fazio

beyond MD with Dr. Yatin Chadha

Welcome to my 50th episode!
Today we focus on the most important insurance policy we all need: disability insurance (DI). The discussion focuses on fully understanding the policy & key riders, and optimizing the policy for your needs (as well as cost).
Please note: DI basics are covered in episode 2 for anyone seeking a refresher.
My guest: Kristen Fazio from Professionals' Insurance Centre.
Discussion Points:
How much DI coverage do we need? (3:54)
Max coverage, strategies for high earning professionals (6:43)
When should medical trainees consider DI? (9:15)
Future income rider (11:23)
Ways to cut cost on your DI policy (13:23)
Own occupation rider - who needs this? (15:24)
Do radiologists need the own occupation rider? (18:49)
What happens if your alternate job generates more income than medicine? (20:19)
Partial and residual disability (21:40)
When to consider canceling DI (25:16)
Term life insurance - how much do we need? (27:37)
Spousal income (31:54)
The impact of inflation on your projections (33:54)
Are we adequately insured? (36:15)
Closing remarks (37:45)
My Links:
https://www.linkedin.com/in/yatin-chadha-29074b109/
[e-mail]
beyondmdpodcast.com
https://www.youtube.com/watch?v=5unvnOc0OIo
Kristen's Links:
[e-mail]
https://www.professionalsinsurancecentre.com/