What You NEED To Know When It Comes To Disability Insurance | Group Plan Vs. Personal Plan | How Do Insurance Riders Work?

What You NEED To Know When It Comes To Disability Insurance | Group Plan Vs. Personal Plan | How Do Insurance Riders Work?

On this week's episode, Darren and Christina breakdown disability insurance and why it's so important to not overlook this type of insurance. Everyone has insurance on their house, their car, their boat etc. but a lot of people don't insure their most important asset, yourself and your earning potential.

Prior to age 65, you have a 1 in 3 chance that you'll be disabled for at least 90 days. It's incredibly important to get the proper disability insurance for your income.

Darren and Christina go through the different products available on the market, group plans vs. personal plans, plans available depending on employer, and the steps you need to take to make sure you have the best disability insurance available to you given your personal situation.

Show notes:

00:00 - Introduction

1:15 - Importance of Disability Insurance

3:25 - Breakdown of Group Disability Plan

10:00 - Breakdown of Personal Disability Plan

12:00 - Group Vs. Personal

17:07 - Breakdown of Insurance Riders

22:05 - How are these plans taxed?

23:00 - How much do these plans cost?

26:50 - What you should be doing with your disability insurance

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/

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Starting this month, Control and Compound will be doing an update episode with Darren and Christina chatting about what's been going on in the Control and Compound world for the last month. On today's...

13 Juni 202211min

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David Fraser, Founder of Bunkie Life | Turning Your Side Hustle Into A Full Time Business | How An Entrepreneur Can Take Advantage of The Infinite Banking Concept

On today's episode, Darren is joined by David Fraser, Founder of Bunkie Life, who are known for their famous log cabin bunkie (bunkhouse) kits that can be easily built in a weekend without a permit or...

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Mortgage Insurance Vs. Term Insurance: What You Need To Know

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On this episode, host Darren and Christina chat about the differences between mortgage insurance and term insurance and why they suggest taking the term insurance, even if your bank makes it seem like...

30 Maj 202224min

Child Policies: Setting Your Kids Up For Success

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On today's episode, Darren and Christina discuss setting up policies for your children and why it's so important to set these policies up as soon as possible. Teaching your kids about infinite banking...

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What The Wealthy Do That 99.9% Of Others Don't

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In the first episode of Control and Compound, host Darren and guest host Christina discuss the beginnings of Control and Compound Financial and do a deep dive into how the wealthy manage their money. ...

16 Maj 202218min

Control and Compound Trailer

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Welcome to Control and Compound with Darren Mitchell, a podcast about infinite banking, real estate investing, and what business owners and individuals should be doing with their money. For helpful ti...

11 Maj 202256s

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