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/
beyondmdpodcast@gmail.com
beyondmdpodcast.com
https://www.youtube.com/watch?v=5unvnOc0OIo

Kristen's Links:
kfazio@professionalsinsurance.net
https://www.professionalsinsurancecentre.com/