The Yetworth Podcast

In this episode, Max and Emma run through the top six mistakes they've seen advisors make when having the disability income or long-term care insurance conversation with their clients -- and how to turn each mistake into an opportunity.

For the last episode in our series that covers our eBook, Planting the Seed: 20 Ways to Preserve Your Yetworth, we're splitting things up into two parts. In this first part, learn how annuities and life insurance can help someone through a disability event, and find out where these products can come up short.

For the last episode in our series that covers our eBook, Planting the Seed: 20 Ways to Preserve Your Yetworth, we're splitting things up into two parts. In this second part, we dive into our specialties: long-term care insurance, disability insurance, and critical illness coverage. Learn how these policies can help your clients!

Are you familiar with your clients' employee benefits options? We're not just talking worker's comp (although we do recognize its place) -- we're talking income replacement for illnesses (and long-term injuries) that happen off-the-job. Like, in real life. Are your clients *really* covered? Find out their options in this podcast episode.

PSA: Only 22% of initial Social Security Disability Insurance claims are approved! That’s essentially a 78% denial rate off the bat! In this episode, get the facts about government DI benefits. Find out the importance of contextualizing the total maximum benefit which, in the private marketplace, can be millions of dollars (vs. around $75,000 maximum for California’s state disability potential – both programs cost 1-2% of your income!). Get more bang for your buck by looking at the big picture, plus, hear a brief discussion on the concept of universal basic income.

What are your income stream options if you can't work anymore due to a disabling illness or injury? Max and Emma continue the episode on self-funding your way through a disability by running through the topics of business equity, legal settlements, and the ever-present crowdfunding mechanisms. This is part two of the self-funding section in our new ebook, Planting the Seed: 20 Ways to Preserve Your Yetworth.

What are your income stream options if you can't work anymore due to a disabling illness or injury? Max and Emma discuss the possibility and consequences of pulling from emergency savings and retirement savings, as well as the implications (and restrictions!) of using credit card debt and home equity. This is part one of the self-funding section in our new ebook, Planting the Seed: 20 Ways to Preserve Your Yetworth.

In this episode, Emma and Max talk about the launch of their ebook! Planting the Seed: 20 Ways to Preserve Your Yetworth® walks through 20 income replacement options for funding lifestyles and livelihoods when a person who relies on a steady income can't work anymore. Get the scoop on how the ebook was conceptualized and a brief intro to what you'll learn. Download for free at www.yetworth.com/ebook !

How much long-term care insurance should I quote? How much LTC do I need? What if my client is slated to have a lot of money in retirement - do they still need LTCi? In this quick episode, Max and Emma reveal the LTCi premium sweet spot for most people. Also, learn how long-term care insurance coverage differs from property and casualty insurance in that it's not meant to actually insure everything.

Most new inventions develop out of necessity. Years ago, Maxwell Schmitz, our Yetworth Podcast cohost, came up with the idea for a faster and easier disability insurance application process. Good things take time -- and that mostly-baked idea of his is now a full-blown entity of its own. Learn about Dingo Technologies and how it completely streamlines the way people can apply for disability insurance. Curious? See for yourself at www.dingoinsurance.com.

Modern medicine has fortunately increased our chances of surviving a major medical event, but recovering can be expensive! Learn how critical illness insurance can help your clients fulfill high health insurance deductible needs or simply financially recover from a critical illness diagnosis, especially if the option of disability insurance is off the table. Max and Emma also touch upon unique ways to think about the insurance industry as a whole.

Mortality, morbidity, insurance -- nobody wants to talk about it. That's why having a system is key to figuring out a long-term care plan for your clients. In this episode, Max and Emma walk through the Yetworth long-term care conversation guide step-by-step (with colorful commentary, as always). This podcast will help you to better answer this crucial question for your clients: "How many sharks and alligators are you gonna throw into your moat?"

While about 29% of long-term care insurance is purchased in group settings (at work or through an association), these worksite options are fundamentally different from true group products. In this episode, Max and Emma discuss the history of the long-term care industry and the benefits of individual, traditional long-term care insurance coverage.

Not everyone is a good candidate for disability insurance. In this episode, learn the few simple steps to identifying whether or not someone needs disability income coverage. We walk through our handcrafted flowchart which can be downloaded here.

Listen to hear why short-term disability insurance is likely a waste of your client's hard-earned money, and what we suggest doing with that money instead.

Learn about the state of Washington's new payroll tax, called the Washington Cares Fund, which is the first state program to fund long-term care services and support. Find out how the program affects you and what you can do about it.

DI & LTC Insurance Services has been in the financial insurance planning sector for over forty years. Now under operation by a third-generation team (which includes Emma and Maxwell Schmitz), the independent insurance agency has rebranded to Yetworth Insurance Solutions. Why? Because your largest asset is your future net worth. In this short first episode, Maxwell says hello after a break from the airwaves and Emma jumps on as his cohost! Learn why we changed our name and about who we work with / who will benefit from this podcast. Expect anything from 5-minute educational tidbits covering critical illness, disability income, and long-term care insurance to longer-form interviews with the best advisors in our business. We're excited to be back!