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

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/[email protected]://www.youtube.com/watch?v=5unvnOc0OIoKristen's Links:[email protected]://www.professionalsinsurancecentre.com/

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