QUESTION: What is your most valuable asset? Your car? Your home? Your income over your lifetime?
ANSWER: Your income.
The estimated value of your income is likely $4-10M! As a working professional, your ability to generate income is your greatest asset. Without income, your financial obligations and savings for the future might be in jeopardy. Furthermore, unexpected medical costs are the leading cause of bankruptcies and foreclosures in the U.S.
Knowing all of this, what is stopping you from acquiring income protection insurance?
You might answer…
A. I have Group Disability through My Employer
An employer-sponsored group Long Term Disability (LTD) plan often has gaps and provides inadequate protection, creating a false sense of security. Your ability to maintain your lifestyle would likely be impossible in the event of an extended disability.
B. I Can’t Afford Any More Insurance
A big misconception! People tend to overestimate how much it costs.
C. I am Too Young and/or I will Never Need It
No one wants to think about the possibility of becoming “disabled.” Think of it as income protection insurance. The insurance can be used for pregnancy related issues, mental health issues, skiing accidents, cancer, etc.
Click Below to Answer & Learn More:
- How long can you go without a paycheck? Less Than 6 Months or More then 6 Months
- When is the last time you reviewed your group plan offered through your employer? Never or Last Open Enrollment Period
Auctoris’ Wealth Preservation Advisors can help you navigate income protection options to make sure you and your family are protected. Contact us today.