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Radical Personal Finance

337-Why You Should Buy Disability Insurance Before Any Other Type of Insurance Coverage

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 24 May 2016

⏱️ 50 minutes

🧾️ Download transcript

Summary

If you could only choose one type of insurance coverage to have, I believe you should buy disability insurance.

In today's show, I seek to persuade you to agree with me.

In short, this is my sales pitch for disability income insurance.

Enjoy!

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Today in Radical Personal Finance, I'm going to sell you a disability insurance policy.

0:05.0

Now, hold on, you don't have to hold on to your checkbook too tightly.

0:09.0

Unfortunately for me, I dumped my insurance license, so I can't actually collect the commissions on it

0:15.2

or on the many policies that I would sell if I actually were still selling them

0:18.6

But I'm gonna do my best to actually enforce the concept today because I'm pretty hardcore passionate

0:25.0

about disability insurance. I believe it's the most important insurance that you

0:31.0

could own and I promise I'll defend that claim in today's show and I just

0:37.8

think it's something that any intelligent thinking person who works should have. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your

1:03.7

host. Thank you for being with me today. This is the show where we work hard to

1:07.9

provide you with the knowledge, skills, insight, and encouragement you need to live a

1:11.9

rich and meaningful life now while also

1:14.0

building a plan for financial freedom in 10 years or less. But you know what? That

1:18.6

plan is predicated usually upon your ability to work. So today a little bit of knowledge about what to do

1:25.6

if you can't work.

1:26.6

You received an email from a listener a few weeks ago and they said

1:35.0

Joshi and I've heard you make this statement several times on different shows

1:38.0

that you really think disability insurance is important in fact you think is the most

1:41.4

important insurance that I could own and so I was

1:43.9

thinking about getting some so I went to your website I was looking through the

1:46.5

archives for a show on disability insurance and I didn't see a show on disability

1:50.4

insurance can you help? And I said, yeah, that's actually my fault. I haven't

1:59.5

actually created that show. So here we are about 350 episodes and it's time to create this

...

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