Cover Your Assets Podcast with Billy Gwaltney

Being a physician can be extremely difficult. Long hours, tough working conditions, and having to witness life-altering medical conditions and even death on a regular basis. It can take a serious toll on your mental and emotional state. Every once in a while this can cause even the strongest doctors to have a breakdown… or worse.  So what if you can’t work and earn your salary due to a condition t...

You realize that it is essential to purchase disability insurance coverage as soon as possible, even before you’ve finished your training. But what happens when your income starts to increase, and the policy you have would no longer cover your expenses in the event that you couldn’t work.  In today’s episode, Billy discusses the best way to make sure your policy will grow along with your career, h...

There are a lot of moving parts to a disability policy, and this tends to lead to a lot of questions about what is covered and when. How long after a disability do benefits begin? What happens if you are disabled for a long time and prices of good steadily climb? These are some of the factors that can have a tremendous impact on your financial future. In this episode, Billy discusses how to choose...

Much like disability insurance, many physicians don’t give much thought to life insurance early in their training. After all, your income isn’t as high, and you don’t have time to think about one more thing. But what would happen to your family if you suddenly died? They would still need income to get back on their feet. In this episode, Billy discusses the reasons that early in your career is the...

You know that disability insurance protects you if you are injured and unable to work, allowing you to still provide for your family. But what about the true worst-case scenario… Dying and leaving your family without any financial resources at all. This is where life insurance plays a significant role in your financial plan. In this episode, Billy discusses how to calculate the proper amount of li...

Choosing the right disability insurance specialist is one of the most important financial decisions you can make. But if you choose poorly, you may not realize it until it is too late. You also want to make sure that you have a team of true professionals on your side to help you navigate the claims process if you ever have to use your coverage. In this episode, Billy discusses the PPG Concierge Ex...

Disability insurance can save you from financial ruin if you’re not able to work, but what happens when you are no longer considered disabled, but are still in recovery. Maybe you can do part of your job, but not all of it, and your pay is reduced as a result. If you worked with an experienced disability insurance broker, you may be covered! In this episode, Billy discusses another under-the-radar...

You know that you need a disability insurance policy, but what happens if you become partially disabled. Depending on your policy, you might not get paid a benefit at all if you can do a certain percentage of your required work. This leaves you unable to fully do your job (and get paid) and unable to claim disability benefits. This is where the residual benefit rider becomes critically important....

Getting your own specialty disability coverage is one of the best decisions you can make for your financial future. But should you try to do it by yourself? If you’ve ever looked into disability insurance, you probably know that policies are filled with confusing language and definitions. And to top it all off, companies use thier own special names that don’t always make sense. And then there’s th...

If you’ve ever worked with a financial advisor on your investments and retirement, they may have brought up the subject of disability insurance with you. But should you purchase your insurance coverage from the same person who handles your investments? In many cases, those individuals are more focused on the financial side of their practice, and are less likely to be well-versed in the nuances of...

Insurance agents have gotten a bad name recently. At worst, you probably feel like they can’t be trusted, and at best you wonder if you couldn’t get your policy cheaper if you didn’t work with an insurance agent. In fact, a lot of our clients ask if it costs extra to work with us on their disability coverage. The answer to that is a resounding NO, by the way! In this episode, Billy discusses the b...

We are completely convinced that every physician should have an individual disability insurance policy. But what if you waited too long, or your medical history prevents you from qualifying for one? In that case, group coverage may be a good option. In this episode, Billy discusses when you should opt in to your employers disability insurance, what to look out for when it comes to group coverage,...

You probably already know that disability insurance is something you need to have, but you might have wondered if you need it while you’re young and not making much money.  In this episode, Billy discusses the benefits to getting your disability coverage as soon as possible, and why waiting could leave you without insurance when you need it most. Highlights from this episode include: The #1 reason...

As a physician, there are seemingly endless demands on your time. From training to continuing education to your family… not to mention seeing patients, you feel like you’ll never get it all done. And you know you need disability insurance, but is it worth it to take the time for medical underwriting and add yet another thing to your list? In this episode, Billy discusses the benefits of medical un...

When it comes to you and your disability insurance, words matter. Specifically the policy language that defines your occupation. How this part of the policy is worded can make the difference between the insurance company paying you during a disability, or leaving you high and dry on a technicality. In this episode, Billy discusses how this definition should be worded and common pitfalls that docto...

If you’ve ever looked into disability insurance coverage, you know that it can be confusing. There are so many terms and definitions that it can make your head spin. But if you focus on the essentials, it becomes easier to understand. In this episode, Billy goes over the 4 key elements of a disability insurance policy that you must understand, and explains why they matter to you and your family. ...

You’ve invested years of your life and thousands of dollars in your medical education and training so far. And you may believe that working in the healthcare industry makes you invincible. But what would you do if you woke up one morning and could no longer practice medicine? Do you have a backup plan? In this episode, Billy discusses why disability insurance is an essential part of your professio...

Don’t let accidents, illness, or injury destroy your hard work. You’ve spent years of your life and hundreds of thousands of dollars to become a physician. This is the career that will give you and your family everything you’ve dreamed of. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the C.Y.A. Podcast, Billy...