Saving You Money For Life

Often time’s people ask me what’s more important: Life insurance or disability insurance. I’m here to tell you they are both equally important. Let’s explore why…

First, I want you to think about your most valuable asset. Is it your home, car, jewelry? If you said yes to one of those or to another material possession, I would have to argue that your most valuable asset is your ability to earn a living. And just as you would insure your car, your home, and other valuable possessions, you need to insure yourself in case you are no longer able to work or insure your family in case you were no longer around to work. That’s what disability and life insurance do…protect your family’s most valuable possession…your ability to earn a living.

If someone depends on you financially, you need life insurance. The death benefit can help replace your income and help your family meet many important financial needs like daily living expenses, mortgage payments and college savings. Most American’s need it. In fact, twenty-two percent of families with dependent children admit they will have immediate trouble meeting everyday living expenses, and another 26 percent can cover expenses for only a few months if the primary wage earner dies.

Now, if becoming disabled may seem unlikely, the odds may surprise you. Nearly 1 in 5 Americans will become disabled for 1 year or more before the age of 65. Think about that for a second. If an accident or illness keeps you out of work for a period of time it can be very costly. A disabling injury or illness could lead to medical bills, modifications to your car or home, or other unforeseen needs that can be quite expensive. For all these reasons, almost anyone who works ­whether they’re single, married, with children or without ­should consider disability income insurance.

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