Tag: Disability Insurance

High Earners, Low Coverage: Solving the Income Protection Gap with Tasha Jo Hill (Ep. 33)

High Earners, Low Coverage: Solving the Income Protection Gap with Tasha Jo Hill (Ep. 33)

Higher earning individuals are often left underinsured and shocked by the limitations of group disability policies. How confident are you that your income is optimally protected in the event of a disability?

In this episode, Jim McGovern welcomes Tasha Jo Hill, a seasoned expert in disability income planning and the Director of Income Protection Strategies at Lifetime Financial Growth, LLC. Together, they shed light on misconceptions with common group disability insurance policies, and identify the gaps that widen as income levels increase. 

In this episode, Jim and Tasha will:

  • Uncover often-overlooked misconceptions about disability insurance
  • Discover whether or not your current disability insurance truly covers your full compensation
  • Learn what constitutes a partial disability and reveal the essential role of supplemental insurance in bolstering this coverage
  • Explore how owning a disability insurance policy can be a safeguard to financial stability, particularly during employment transitions
  • Discover simple yet powerful strategies that can provide high quality coverage at a steep discount, without the typical medical underwriting challenges.
  • Explore specialized strategies for higher-income earners to ensure comprehensive protection
  • And more!

Resources:

Connect with McGovern Wealth Group:

Connect with Tasha Jo Hill:

About our guest:

Tasha Jo Hill serves as the Director of Income Protection Strategies at Lifetime Financial Growth, boasting over two decades of expertise in disability income planning. Dedicated to safeguarding individuals’ ability to earn, Tasha crafts personalized protection strategies, whether complementing existing benefits or as stand-alone safeguards. She is steadfast in her commitment to client excellence, educating and empowering a diverse clientele to secure their financial futures against unforeseen life events.

Protecting Your Cash Flow (Ep.9)

Protecting Your Cash Flow (Ep.9)

One of the most important financial resources that you have is cash flow. We use cash flow to determine how to spend, save and plan our money for the future. 

What happens to you when your cash flow stops as a result of a health-related matter?

In this episode of Maximizing Outcomes, Jim McGovern discusses health-related issues that may stop you from earning a pay check. He also discusses why your employer’s insurance coverage doesn’t completely protect you. 

Jim discusses:

  • What disability insurance is and how it works
  • The reasons why you could stop earning a pay check
  • The two types of disability insurance
  •  Why your employer’s insurance doesn’t completely cover you
  • And more

Resources:

Connect with McGovern Wealth Group: