people think about insuring their valuables, they think about
their car, their home, or maybe an expensive piece of jewelry.
What many people fail to realize is that all of those things are
purchased from your income. Your income is typically your largest
Think about how much you earn in a year, and
think about what that would be over a lifetime. If an individual earns
$50,000 per year and he or she is 25 years old, in a 40-year period, he
or she will earn $2 million, and that's without any sort of inflation.
If you factor in modest inflation, the number could easily be twice as
high. We don't hesitate to insure our homes, our cars and other valuable
possessions. So why would you not insure something that is infinitely
more valuable than all those things?
If you're still not convinced that your income is worth insuring, think
about how long you'd last without your paycheck before it would be
difficult to pay for everyday expenses. The LIFE Foundation conducted a
study that found that 70 percent of working Americans couldn't make it 1
month before financial difficulties would set in. More than 1 in 4
Americans wouldn't make it a week.
When a disability occurs - and the odds are much greater than you might
realize - disability insurance can provide you and your family with a
source of replacement income to help make ends meet until you're able to
return to work. Explore this section to learn more about disability
coverage, including the different sources of disability income
protection and ways to go about getting coverage. An insurance needs
calculator can help you determine how much coverage you need.
Click here for the Disability Needs Calculator