Insurance part 1 - disability and life insurance with Joe & Kristen Fazio
beyond MD with Dr. Yatin Chadha
00:00
How to Set Up a Disability Policy
The odds of having a long term disability versus death for someone in the ages of 27 to 37 is 3.3 to one. A 35 year old has a 50% chance of being disabled longer than 90 days. The 60% rule of thumb is common with employer paid group insurance policy. It does not really apply to self-employed professionals. So, bottom line is, we like to ensure for what you need. As I said, buying more than what you need initially may make sense long term. But if that's in a strain your finances today then it's probably not such a good idea. We look at everyone's financial picture and then we come up with a recommendation based on those
Transcript
Play full episode
