Why Disability Insurance Is the Foundation of a Real Financial Plan

Send us Fan MailOn this episode of The Get Ready Before Life Happens Podcast, Tony talks with Maxwell Schmitz, Disability Insurance Specialist and Co-Founder of Dingo Technologies, about why income protection is the core building block of a real financial plan. 🔑 Key Takeaways🔹 Think about your future yet worth (money you’ll earn) 🔹 A financial plan without disability insurance is not a financial plan🔹 We should reframe disability insurance as income protection  🔹 You are more likely to need disability insurance than homeowners and auto insurance🔹 Understand the full spectrum of disabilities, they are not all total and permanent🔹 Disability insurance replaces income loss, while health insurance covers medical expenses.🔹 Financial planners have an obligation to include income protection in their planning process. Connect with Maxwell Schmitz:LinkedIn:  (here)Dingo Technologies website: (here)Yetworth website: (here)Resources mentioned:Calculate your potential future earnings: whatsmyyetworth.comBio: Maxwell Schmitz, MSFS, CLTC is a third-generation DI specialist.  He is co-founder of Dingo Technologies, Inc. and President of Yetworth Insurance Solutions, a disability-focused insurance agency.  He also currently serves as President of the International DI Society, an association of the nation's top DI minds. Max also serves as the chair of his town's Bicycle and Pedestrian Advisory Committee. He is a sitting member on the board of The Plus Group, America's Premier Disability Insurance Marketing Organization. In his spare time he is also the father/coach of three energetic/athletic kids (ages 7, 5, and 3), husband to an amazing wife, and is a thru-hiking junkie.Support the showThe Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.