5 Shortfalls of Group Disability Insurance
n this episode of the New Money, New Problems podcast, Brenton Harrison explores why the disability policy provided by your employer might not be sufficient for your financial security.
Topics include the shortcomings of group policies, such as taxable benefits, inadequate coverage for commissions, bonuses, and equity compensation, and the necessity of long-term and 'own occupation' disability insurance. With open enrollment season upon us, it's crucial to understand these details and consider additional personal coverage to protect your future earnings.
Don't miss out on next week's special guest appearance in part one of a two-episode series!
01:53 Understanding Disability Insurance and Its Importance
02:54 Tax Implications of Employer-Paid Disability Policies
05:12 Impact of Commissions, Overtime, and Bonus Pay
07:13 Equity Compensation and Disability Insurance
08:37 Equity Compensation and Disability Policies
09:53 Performance-Based Equity and Disability
11:43 Income Disparities and Benefit Caps
14:26 Specialized Fields and Own Occupation Coverage
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