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White Coat Investor Podcast

WCI #66: Long Term Care Insurance

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Business, Health & Fitness, Investing

4.82.4K Ratings

🗓️ 9 August 2018

⏱️ 37 minutes

🧾️ Download transcript

Summary

Long term care insurance, cancer supplemental insurance, disability insurance - it is all covered in this episode as well as answering listener questions.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy for their gender, specialty, state, or health status and 1 in 7 doctors get disabled at some point during their career. Because these policies can only be purchased through brokers, we have put together a list of vetted agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart. If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at https://www.whitecoatinvestor.com/insurance and feel the peace of mind that comes with knowing you have the optimal policy in place. You can do this and The White Coat Investor can help.

The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!

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Transcript

Click on a timestamp to play from that location

0:00.0

This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street.

0:06.0

We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.

0:12.0

Here's your host, Dr. Jim Dolly.

0:19.0

Welcome to White Code Investor Podcast number 66, long-term care insurance.

0:24.0

Getting quality disability and life insurance should be the first financial chore for a doctor to complete.

0:29.0

Most docs don't have the ideal policy for their gender, especially state or health status, and one in seven doctors get disabled at some point during their career.

0:37.0

Because these policies can only be purchased through brokers, we've put together a list of vetid agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart.

0:47.0

If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at whitecodeinvestor.com slash insurance.

0:56.0

And feel the peace of mind that comes with knowing you have the optimal policy in place. You can do this, and the White Code Investor can help.

1:03.0

Thank you so much for what you do. I know as an emergency physician, I see a lot of patients in the emergency department on the worst day of their life.

1:10.0

Everybody's got an ER story, and they remember every detail of their visit.

1:13.0

And although we're oftentimes not saving a life and not even making some groundbreaking diagnosis, it's nice to be able to reach out and touch somebody on that day that they will remember.

1:24.0

If you think about all the days of your life that people remember, talk to your uncles or your grandparents, and they can recount every detail of their visit to the hospital or the doctors, the things that were good and the things that were bad.

1:35.0

And that's really where you get a chance to make a difference in their lives.

1:39.0

So I know it feels like a mundane day to day work sometimes, but give yourself a pat on the back for all the hard work that you're doing there.

1:49.0

I know you're not actually at work, listen to this podcast, I hope. Most of the time people aren't listening to all their seeing patients, but instead you're commuting on your way into work, or maybe you're on your way home after a hard day, or maybe working out and doing something for yourself in that way.

2:04.0

And I just want you to know that I appreciate what you're doing, and a lot of your patients do too, even though sometimes they don't express it.

2:10.0

Thank you also for those of you who have been sharing the White Code Investor message. I know a lot of you spend a lot of time helping your trainees and your colleagues and your peers to get a handle on their finances.

2:22.0

And I appreciate those who have passed along the book or passed along the website of the podcast to try to get this information into the hands of others.

2:30.0

I also want to say thanks to those who've joined the Facebook group. This is new this week, or not this week, this month. It's been about two and a half weeks since we opened it up, and we've already got over 3,500 members of that group.

2:41.0

So if you're not a member there, you're missing out on tons of great discussions. Really a lot of great material there for those who like to follow along on social media and prefer to learn in that format.

2:52.0

Also, if you still have student loans, I have people thanking me all the time. Thank you so much for talking me into refinancing my student loans.

...

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