Get Ready with Maxwell Schmitz: The Impact Of Covid-19 On The Insurance Industry

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"It’s a very fluid situation. 90% of financial services institutions had a pandemic response ready. From a broad scale perspective, the financial stability portion is not a concern as this time." - Maxwell Schmitz 

"Everyone has a plan, until they get punched in the mouth." - Mike Tyson

In this episode, I spoke with Maxwell Schmitz, the Insurance Resource for Certified Financial Planners  about the impact of Covid-19 on the insurance industry. We discussed the impact of Covid-19 on the application process, underwriting and claims along with how this could change the industry in the future. 

Connect with Maxwell Schmitz:

LinkedIn: Maxwell Schmitz (here)

Website: DI & LTC Insurance Services (here)

Bio: 

Maxwell Schmitz joined DI & LTC Insurance Services as a third-generation DI specialist in the bottom of the recession in 2009. Since then he has developed a specialty in working with CFPs and RIAs to consult and implement proper disability planning for their clients. Max and I also co-authored The Questions and Answers on Disability Insurance Workbook

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The Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.