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beyond MD with Dr. Yatin Chadha
beyond MD bridges the gap between medical training and financial literacy.
Led by mid-career Canadian radiologist, Yatin Chadha, beyond MD empowers practicing physicians, medical trainees, and other professionals to build confidence and clarity around money.
Episodes feature interviews with subject experts to help listeners gain knowledge around topics like professional corporations, investing, insurance, pensions, real estate, trusts, and estate planning.
Yatin also frequently interviews his own colleagues to shed light on valuable life and money lessons learned over time.
Tune in to beyond MD (episodes are bi-weekly) to build your financial acumen and live your best life today.
beyond MD with Dr. Yatin Chadha
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/
beyondmdpodcast@gmail.com
beyondmdpodcast.com
https://www.youtube.com/watch?v=5unvnOc0OIo
Kristen's Links:
kfazio@professionalsinsurance.net
https://www.professionalsinsurancecentre.com/