May 2012 - What is your most valuable asset?

If you’re like most folks, when you think of assets you identify the items you own of value.  This may include your home, personal belongings, vehicles and money you’ve saved and invested.

During our working years our most valuable asset is actually our income.  Our paycheck provides the means to pay for everything in our lives – home, car, daily living expenses and more.

What would happen if you became sick or were injured?  Would you be able to replace your paycheck?

Take a look at these startling statistics:

• 3 in 10 workers will become disabled before retiring
• 60% of workers don’t have savings to meet even short-term emergencies
• 100 million workers don’t have private disability insurance
• 73% of disabilities do not occur at work
• 65% of initial social security disability claims are denied

The good news is with a little foresight and planning you can prevent a financial hardship that may result if you became disabled and were unable to continue working.  The entire purpose of disability insurance is to replace your income – it’s the backup plan to provide a paycheck if you are unable to work following an illness or injury.

 May is Disability Insurance Awareness Month, a time when we put a little extra emphasis on the importance of protecting your most valuable asset.  If it’s time to put in place a plan to protect your income we urge you to call us today at 454-5677.  With just a few moments of your time we’ll be able to put together a no-obligation, personalized plan to protection your paycheck.