303. Pilot’s Guide to Financial Turbulence: Planning for Medical Disabilities

In this episode of A Wiser Retirement® Podcast, we discuss the importance of commercial airline pilot medical disability planning and why it’s often overlooked compared to life insurance. We explain how airline disability benefits work, the differences between short-term and long-term coverage, and why “own occupation” policies are essential. The conversation also covers supplemental insurance options, union vs. non-union benefits, and strategies to ensure your financial plan can withstand a sudden loss of income.

Related Podcast Episodes:

- Ep 173: Making the Most of Your Airline 401k

- Ep 253: Navigating the Future of the Airline Industry

- Ep 273: How Early Retirement Affects Pilot Benefits 

Related YouTube Videos:
- New Delta Airlines Nonqualified Deferred Compensation (NQDC) Plan for Pilots

- Tips for Airline Pilots Approaching Retirement

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This podcast was produced by Wiser Wealth Management. Thanks for listening!

Chapters

• 0:00 Understanding Pilot Disability Coverage
• 6:17 Why Disability Insurance Matters for Pilots
• 9:03 Short-Term vs. Long-Term Disability Explained
• 14:02 Loss of Medical: The Pilot's Unique Risk
• 18:18 Supplemental Insurance Options and Costs
• 26:01 Taking Action and Finding Support
• 31:35 Closing Thoughts and Additional Resources