What you don't know about disability and loss of income: Matt Mitchell

Living Wealthy Radio

re: How can you protect yourself against a loss of income, high medical bills. What if you are self-employed? What happens if you become disabled due to accident or injury? What if you lose your job? Teresa and Matt take a very candid look at the state of income protection the average person has. The majority of disability needs do not come from an accident but from common illnesses like cancer. And most people just aren’t prepared for the double whammy of high medical bills combined with loss of income. Joining us is Matt Mitchell, an independent insurance consultant and an expert on disability income insurance. He is licensed in all 50 states and helps people bridge the gap between the insurance industry and specific client needs. He’s here to break down the “why,” and how to find the best deals on quality disability coverage to protect our income. You may have group coverage with your employer, but is that enough? What are the potential gaps in coverage between an individual policy and a group policy? And, what if you are a self-employed contractor, home-based business owner, or entrepreneur? Does business interruption insurance provide any coverage for disability? The COVID-19 pandemic has made it apparent that a lot more people will be working from home in the future, so disability insurance is critical. Find out now what you MUST know about disability insurance before you need it.