Amanda Kish

speaker

243 appearances 2 recordings 1 series first heard May 2026 last heard 1 Aug

Amanda Kish’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.

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Motley Fool Hidden Gems Investing · Insurance-palooza! All You Need to Know to Protect Your Income and Wealth · 1 Aug 2026 podcast

Yet it's far more common for people to ensure the death and ignore the disability portion.

So as you mentioned, Social Security Disability Insurance does exist, but it tends to be, let's say, fairly stingy and notoriously hard to qualify for.

So you basically have to be unable to do any substantial work, not just your job.

Another option, as you mentioned, employer-provided group long-term disability.

That's a great start, can work very well for many of us, but there are two things that can trip people up.

First, it typically only replaces 50% to 60% of your income, so make sure you know how much coverage you actually have.

And then if your employer pays the premiums, then that benefit is taxable when you get it, so that 60% shrinks even further after taxes.

And that's where an individual disability policy can fill the gap.

I think this can be especially useful for higher earners or people in very specialized fields.

So the phrase to look for here is own occupation coverage, meaning you get paid if you can't do your specific job, even if you could technically work in a different, maybe less demanding field.

And that's very different from any occupation coverage, which pays out only if you can't work at all.

That own occupation coverage, as you might guess, costs more.

But for someone who may be at a highly specialized field, like a surgeon or an attorney, having that own occupation coverage can really be the difference between having real protection and what could potentially be a staggering coverage gap without it.

So when it comes to auto insurance, I think one of the first things people tend to get wrong is liability limits.

And a lot of folks are still carrying their state's bare minimum, which in many states can be incredibly low, sometimes as little as $25,000 per person for a bodily injury.

And that sounds fine until you end up, unfortunately, totaling an SUV or potentially injuring someone.

And suddenly that minimum coverage can seem a little inadequate.

So I would generally push people towards at least a 100, 300, 100 split in liability coverage if they can afford it.

And what that is is $100,000 per person, $300,000 per accident for injuries, and $100,000 for property damage.

And if your net worth is growing, your liability protection should grow with it.

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