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The Amber Stitt Show
The Amber Stitt Show episodes
- The Physician's Edition: Ethan & Amber discuss COLA and FIO Riders
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In this episode, my guest Ethan Abramowitz and I discuss Own Occupation Disability Income Insurance Contracts again.
**This time, we have a larger focus on the COLA rider = Cost of Living Adjustment Rider as well as the Future Purchase Options.**
COLA riders would allow for your monthly benefits to keep up with inflation if you were on a total disability claim.
Future Increase Options have a cost associated with buying the rider.
-These are available annually.
-Not every carrier offers this type of rider.
Future Purchase Options may also be called:
-Benefit Updates
-Benefit Increase Riders
-Benefit Purchase Riders
These are typically every third year and have no costs associated.
It is great to get insight from an attorney's perspective! If you have a question for Ethan, you can reach him here:
Website: SeltzerLegal.com
Email: [email protected]
Phone: 215-735-4222
Articles for reference:
https://www.seltzerlegal.com/blog/healthcare-professionals-mental-nervous-long-term-disability-claims-jumped-in-2020/
https://www.seltzerlegal.com/blog/how-erisa-may-affect-your-long-term-disability-benefits/
https://www.seltzerlegal.com/blog/physician-burnout-factors-and-consequences/
Thank you for listening!📻 Thank you for tuning in to The Amber Stitt Show!
🔗 Connect with Amber on Social Media:
- AMBER’S INSTAGRAM
- AMBER’S LINKEDIN
- AMBER’S FACEBOOK
📲 Be sure to visit Amber's website:
www.AmberStitt.com
📲 To schedule a consultation with Amber please click here.
🎬 And remember, let's take action today!!!
===================
💻 Content Creators, Here Are Must Have Apps:
🔥 Opus Clips AI Creates Short Videos From Your Full Length Videos: https://www.opus.pro?via=909178
🔥 For Blogs, Descriptions, & AI Generated Text Needed for Your Project: https://www.castmagic.io/?via=amber
19 min - The Physician's Edition: Ethan & Amber discuss Physician Contracts and Why Group Insurance is Usually Not Enough
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In this episode, my guest Ethan Abramowitz and I discuss Own Occupation Disability Income Insurance Contracts and why they are so important for YOU.
It is great to get insight from an attorney's perspective!
In this episode of the Physician's Edition, Ethan discusses how common disability is for everyone, not just physicians. He covers statistics and contract language to break down common misconceptions about disabilities.
This episode covers:
-The definition of Disability under Group contracts as well as Own Occupation Contracts
-The Residual Rider (for partial disabilities and income loss)
-The Most Common Types of Disabilities for his clients
-How to Calculate Benefits to help you determine if you are Underinsured
-How Income protection is a way to provide financial security
-Taxation of Benefits
You can reach Ethan here:
Website: SeltzerLegal.com
Email: [email protected]
Phone: 215-735-4222
Articles for reference:
https://www.seltzerlegal.com/blog/healthcare-professionals-mental-nervous-long-term-disability-claims-jumped-in-2020/
https://www.seltzerlegal.com/blog/how-erisa-may-affect-your-long-term-disability-benefits/
https://www.seltzerlegal.com/blog/physician-burnout-factors-and-consequences/
Thank you for listening!
Amber📻 Thank you for tuning in to The Amber Stitt Show!
🔗 Connect with Amber on Social Media:
- AMBER’S INSTAGRAM
- AMBER’S LINKEDIN
- AMBER’S FACEBOOK
📲 Be sure to visit Amber's website:
www.AmberStitt.com
📲 To schedule a consultation with Amber please click here.
🎬 And remember, let's take action today!!!
===================
💻 Content Creators, Here Are Must Have Apps:
🔥 Opus Clips AI Creates Short Videos From Your Full Length Videos: https://www.opus.pro?via=909178
🔥 For Blogs, Descriptions, & AI Generated Text Needed for Your Project: https://www.castmagic.io/?via=amber
43 min - Physician's Edition: What are Benefit Updates?
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Scott and I touch on the differences between FIO and the FPOs on Disabilty Insurance Contracts.
Generally speaking, you have these types:
FIO = ones you can buy, if you qualify for them.
FPO = ones you don't buy, if you qualify for them.
BIR
BPR
BU
There are some similarities and a lot of differences. This episode should be able to help you out. Let us know if you would like some help to determine what you have in place!
Amber📻 Thank you for tuning in to The Amber Stitt Show!
🔗 Connect with Amber on Social Media:
- AMBER’S INSTAGRAM
- AMBER’S LINKEDIN
- AMBER’S FACEBOOK
📲 Be sure to visit Amber's website:
www.AmberStitt.com
📲 To schedule a consultation with Amber please click here.
🎬 And remember, let's take action today!!!
===================
💻 Content Creators, Here Are Must Have Apps:
🔥 Opus Clips AI Creates Short Videos From Your Full Length Videos: https://www.opus.pro?via=909178
🔥 For Blogs, Descriptions, & AI Generated Text Needed for Your Project: https://www.castmagic.io/?via=amber
6 min - Physician's Edition: What are Benefit Periods?
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Scott and I dive into what traditional Benefit Periods are on Own Occupation contracts.
We also discuss how a shorter duration can still be useful for someone to have. Sometimes a person will get an offer for coverage but it will have been modified due to their health history.
Sometimes this is on a 5-year benefit window and sometimes there is a rating as well.
Please contact us for more information if you want help with reviewing your current benefits
Thank you for listening!
Amber📻 Thank you for tuning in to The Amber Stitt Show!
🔗 Connect with Amber on Social Media:
- AMBER’S INSTAGRAM
- AMBER’S LINKEDIN
- AMBER’S FACEBOOK
📲 Be sure to visit Amber's website:
www.AmberStitt.com
📲 To schedule a consultation with Amber please click here.
🎬 And remember, let's take action today!!!
===================
💻 Content Creators, Here Are Must Have Apps:
🔥 Opus Clips AI Creates Short Videos From Your Full Length Videos: https://www.opus.pro?via=909178
🔥 For Blogs, Descriptions, & AI Generated Text Needed for Your Project: https://www.castmagic.io/?via=amber
4 min - Physician's Edition: Meet the #MDDQ Team!
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Scott and I introduce ourselves and talk a little about how we work with our clients.
We have a niche market and really specialize in the products we offer. We also have strong relationships with carrier teams that help to expedite your insurance underwriting process.
If you want a boutique approach to all things disability, life, and long-term care insurance planning; please give us a call!
Hope to meet you soon!
Amber📻 Thank you for tuning in to The Amber Stitt Show!
🔗 Connect with Amber on Social Media:
- AMBER’S INSTAGRAM
- AMBER’S LINKEDIN
- AMBER’S FACEBOOK
📲 Be sure to visit Amber's website:
www.AmberStitt.com
📲 To schedule a consultation with Amber please click here.
🎬 And remember, let's take action today!!!
===================
💻 Content Creators, Here Are Must Have Apps:
🔥 Opus Clips AI Creates Short Videos From Your Full Length Videos: https://www.opus.pro?via=909178
🔥 For Blogs, Descriptions, & AI Generated Text Needed for Your Project: https://www.castmagic.io/?via=amber
3 min - Physician's Edition: What are Good Health Benefits?
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Scott and I discuss the Good Health Benefit that may be available on a disability insurance contract.
The Good Health Benefit is a credit to you for every year that you have no claims. You get a two-day credit off your waiting period, also known as the Elimination Period.
Thank you for listening!
Amber📻 Thank you for tuning in to The Amber Stitt Show!
🔗 Connect with Amber on Social Media:
- AMBER’S INSTAGRAM
- AMBER’S LINKEDIN
- AMBER’S FACEBOOK
📲 Be sure to visit Amber's website:
www.AmberStitt.com
📲 To schedule a consultation with Amber please click here.
🎬 And remember, let's take action today!!!
===================
💻 Content Creators, Here Are Must Have Apps:
🔥 Opus Clips AI Creates Short Videos From Your Full Length Videos: https://www.opus.pro?via=909178
🔥 For Blogs, Descriptions, & AI Generated Text Needed for Your Project: https://www.castmagic.io/?via=amber
2 min - Physician Edition: What are Non-Disabling Injury Riders?
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Scott and I discuss Ameritas' Non-Disabling Injury Rider and how someone may use this if they sustain an injury...that doesn't disable them!
There are certainly some interesting stories from Scott in here.
If you are using this benefit, this will not raise your rates. Most people think this works like car insurance where if you have an injury and report that, your rates go up.
This isn't true. It is an interesting feature and could be nice to have! This isn't offered in all states and it isn't available with any other carrier at this time.
Thanks for listening!
Amber📻 Thank you for tuning in to The Amber Stitt Show!
🔗 Connect with Amber on Social Media:
- AMBER’S INSTAGRAM
- AMBER’S LINKEDIN
- AMBER’S FACEBOOK
📲 Be sure to visit Amber's website:
www.AmberStitt.com
📲 To schedule a consultation with Amber please click here.
🎬 And remember, let's take action today!!!
===================
💻 Content Creators, Here Are Must Have Apps:
🔥 Opus Clips AI Creates Short Videos From Your Full Length Videos: https://www.opus.pro?via=909178
🔥 For Blogs, Descriptions, & AI Generated Text Needed for Your Project: https://www.castmagic.io/?via=amber
4 min - Physician Edition's: What is the Residual and Recovery Rider?
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NOTE: This podcast was transcribed by a free AI transcription tool called Otter. Please forgive any typos or errors.
Amber 0:01
Scott and I are going to talk about Residual Disability Riders and The Recovery Rider which most of the contracts have baked into the contract. Often we're asked what is a partial disability writer and that shows up on our Own Occupation private plans as Residual Rider. This is because the partial disability claim has occurred and your physicians deemed you disabled, partially disabled, but you have some income loss and the way to trigger those benefits is to have met the trigger point. Once you meet the trigger point, then whatever percentage of income loss you do have that's what you'll get multiplied by your benefit amount.
Scott 0:38
Whenever we look at these things, you always want to make sure that, you know, are you dealing with a residual that has a time period or one that goes to the full benefit period.
It's kind of an issue that you can find in contracts. And so you will want to make sure that if you are on a residual claim, as an example, you get hurt and you can do you know, some of your surgeries that last longer than 30 minutes because you just don't have the stamina.
Example:
So, you've got this capacity where you were making $400,000. Now you're making $200,000 hours, but you're still working in your specialty, you're still performing a B, and C or whatever it was that you're doing. And so you're not prevented from doing your occupation. You're just prevented from doing it as much as you got that percentage loss of income to be paid out until you either fully recover and come back or being to have your period.
So if you are curious about that, do you think you would prefer a Recovery Rider? Be sure to look into your contract and make sure you have that.
Scott 2:04
If you become disabled or you have an impact on your earnings, and you don't ever make it all the way back to the hours are you still going to pay because 32 hours are considered full-time? So as an example, most physicians are working between 60 and 80 hours a week. If you have a cardiac and your physician said you know what, we really need to take more than 40 hours.
Well, the rest of America is gonna be so that's kind of what we were. You may have been experiencing 30, 40, 50 60% loss of income because that amount of time that I had to do the procedure work, that it was making the lion's share of the money or just simply, you know, hours being cut in half. So you've got to be careful and really make sure that we're tailoring the training tailored to your needs.
Transcribed by https://otter.ai
Thank you again for joining me, Amber Stitt, in this episode of The Physician's Edition. I’ll see you next time, podcasters!📻 Thank you for tuning in to The Amber Stitt Show!
🔗 Connect with Amber on Social Media:
- AMBER’S INSTAGRAM
- AMBER’S LINKEDIN
- AMBER’S FACEBOOK
📲 Be sure to visit Amber's website:
www.AmberStitt.com
📲 To schedule a consultation with Amber please click here.
🎬 And remember, let's take action today!!!
===================
💻 Content Creators, Here Are Must Have Apps:
🔥 Opus Clips AI Creates Short Videos From Your Full Length Videos: https://www.opus.pro?via=909178
🔥 For Blogs, Descriptions, & AI Generated Text Needed for Your Project: https://www.castmagic.io/?via=amber
4 min - Physician's Edition: What is a COBRA Rider?
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In this episode, Scott and I discuss how a COBRA rider would work for you if you were disabled and had to get health care through a COBRA plan.
Thanks for listening!📻 Thank you for tuning in to The Amber Stitt Show!
🔗 Connect with Amber on Social Media:
- AMBER’S INSTAGRAM
- AMBER’S LINKEDIN
- AMBER’S FACEBOOK
📲 Be sure to visit Amber's website:
www.AmberStitt.com
📲 To schedule a consultation with Amber please click here.
🎬 And remember, let's take action today!!!
===================
💻 Content Creators, Here Are Must Have Apps:
🔥 Opus Clips AI Creates Short Videos From Your Full Length Videos: https://www.opus.pro?via=909178
🔥 For Blogs, Descriptions, & AI Generated Text Needed for Your Project: https://www.castmagic.io/?via=amber
3 min - Physician's Edition: Are Cosmetic Surgeries or Donor Transplants Covered under Own Occupation Disability Insurance Plans?
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In this episode, Scott and I discuss how some carriers offer disability income protection outside of just illnesses or injuries. Some carriers will cover disabilities stemming from elective surgeries to improve their appearance or those that are disabled post organ donation.
Many are surprised to find out only a few Own Occupation carriers offer this type of expansive definition under their contracts.
Thanks for listening!📻 Thank you for tuning in to The Amber Stitt Show!
🔗 Connect with Amber on Social Media:
- AMBER’S INSTAGRAM
- AMBER’S LINKEDIN
- AMBER’S FACEBOOK
📲 Be sure to visit Amber's website:
www.AmberStitt.com
📲 To schedule a consultation with Amber please click here.
🎬 And remember, let's take action today!!!
===================
💻 Content Creators, Here Are Must Have Apps:
🔥 Opus Clips AI Creates Short Videos From Your Full Length Videos: https://www.opus.pro?via=909178
🔥 For Blogs, Descriptions, & AI Generated Text Needed for Your Project: https://www.castmagic.io/?via=amber
3 min
About The Amber Stitt Show
From the publisher's feed
The Amber Stitt Show is built on one core belief: you should not need a finance degree to protect your income, your family, or your future.
Through the Pathways Perspective…
framework, Amber guides high-earning professionals and entrepreneurs toward clarity using five foundational pillars:
Talents. Align financial decisions with how you think and lead.
Money. Create structure around income, cash flow, and growth.
Risk. Protect earning power with intention and precision.
Innovation. Adapt strategically in a changing business landscape.
Community. Build the right ecosystem around you.
Each episode blends reflection with practical structure, helping you simplify complexity and build durable foundations.
You will hear solo insights and expert conversations designed to strengthen both financial confidence and professional resilience.
This is not about hype, or shortcuts. It is about clarity, structure, and building for the long game.
If you are a high-performing professional who values sustainability over speed, this podcast will help you design decisions that hold up over time.
Subscribe and start building your Pathways Perspective.