Unprepared & Unprotected: The Real Cost of Disability

In this episode of GEMs Uncut, hosts Mollie and Heather discuss the often-overlooked topic of disability insurance, emphasizing its importance as a financial safety net. They explore common misconceptions about disability, the differences between short-term and long-term coverage, and the real-life implications of being unprepared for income loss due to disability. The conversation highlights the necessity of understanding one's biggest asset—working ability—and the need for proactive financial planning to protect against unforeseen circumstances.CHAPTERS:00:00 Understanding Your Biggest Asset02:56 The Importance of Disability Insurance05:45 Short-Term vs Long-Term Disability08:54 Real-Life Impacts of Disability14:59 Employer Benefits and Supplemental CoverageThis informational and educational podcast does not offer or constitute – and should not be relied upon -- as financial, mortgage, credit counseling or tax advice. Equitable Advisors, LLC and its associates and affiliates do not provide tax, legal, mortgage or credit counseling advice or services. Asset Allocation is a method of diversification which positions assets among major investment categories. This tool may be used in an effort to manage risk and enhance returns. However, it does not guarantee a profit or protect against a loss. AGE-8020057.1(6/25)(Exp.6/29)