Protect Your Income

Individuals and families face many financial risks. Obviously, our homes and automobiles are insured both in terms of damage to our property and liability for any damage we might cause to property or other people. Many consumers are so caught up in consuming that beyond home and auto insurance, the rest is considered a luxury, but with so many Americans living paycheck to paycheck, the question each of us really has to face is this: how long could I go if I got sick/injured and could no longer work? One month? Three months? A year? For most people, one month would put them on the edge of disaster, and within three months the house would be in foreclosure, with bankruptcy right up ahead. One in four of us will get sick/injured and be unable to work for an extended period, yet almost none of us has insured against this loss of income. Disability insurance--if you don't have it, google it. See what it's about. That crazy duck in the commercials isn't quacking about nothing, people. Frankly, I couldn't sleep (let alone ride a bicycle in traffic) without knowing how much monthly income I would receive should the unthinkable happen to me. I would have to cut back a bit on spending, but I could get by to age 65 on the disability insurance policy. Let's just hope I never have to find out for sure. Insurance is for peace of mind. You gotta have it; you never actually want to use the protection, obviously.
Many Americans are convinced they will never get sick or injured--even though we aren't looking as svelt as we used to as a nation, are we--and even more, apparently, are convinced they won't die earlier than expected. Really--you didn't lose any classmates in high school, college, in your 30's, in the past few months if you're over 50? Let's get real. If most Americans are already living paycheck to paycheck, what happens if the breadwinner dies at age 42? Does he have life insurance? If not . . . how long before the widow loses the house, struggles to find a job, and declares bankruptcy? Life insurance--if you don't have it, google it. Just type in the question, "why do I need life insurance?" or "what types of life insurance policies are available?" Insurance isn't exciting. It isn't anywhere near as fun as watching a stock double in value over time, but you really can't invest your money until you've first protected against a loss of income due to disability or death. Get the E-book Now