What do you consider your most valuable asset?
Your home? Your car? Your savings? What would happen to any of these if you were unable to earn a living?
The fact is, there is one asset upon which all the others depend. It’s your ability to earn an income.
Just as you insure the possessions you value most, you need to insure your earning ability. At any moment, an illness or injury can render you unable to work. You may think it won’t happen to you, but consider this: The probability of being disabled is much higher than the probability of dying. A 22-year-old male is nearly 8 times more likely to be disabled for 3 or more months than he is to die. Between the ages of 35 and 65, one has a 25% chance of being disabled for 1 year or more and a 5% chance of being disabled permanently.*
Most working professionals wouldn't dream of going without life insurance, but they don’t understand the importance of having disability income insurance.
Disability not only impairs your ability to pay the bills. The treatment costs of the illness or injury suffered can be astronomical. Hospital bills, home health care, modifications to your car or home…all these can put your finances at risk.
Whether you are single or married, whether you have children or not, if you work to provide for yourself or others, you need to consider disability insurance.
© 2011 The Fishman Financial Group
Disability Income Insurance
8147 Delmar Blvd., Suite 217, St. Louis, MO 63130