Should you develop a serious injury or illness and find yourself unable to work, whether permanently or for an extended period of time, this type of insurance pays you a benefit that that helps replace part of the income you would have received, had you been able to work.
The Value of Disability Insurance
The value of disability insurance is often overlooked but the truth is, without it, disability can pose a huge threat to your income. Most of us don’t think twice about insuring an asset such as a car or house, which is generally because many of us could not afford to lose one of these items and not get anything in return. Yet, can you imagine losing a lifetime of your potential career earnings? The amount is almost always significantly more than the value of a car or home and still, many Americans have little or no disability coverage to protect themselves against this risk.
What are your tomorrow's worth?
Potential total earnings to age 65 (assumes 3% annual increases)
What is your most valuable asset?
Your income makes it possible for you to have all these other things.
Doesn't it make sense to insure your most valuable asset?
The dollars you earn pay for all your expenses of daily living.
They are also the financial foundation for all your family's hopes and dreams.