Are you Protecting Your Most Valuable Asset?

Are You Protecting Your Most Valuable Asset?

By Art Glasgow, Peck-Glasgow Insurance

Your earning power is the most valuable asset you have.  It provides the foundation upon which all other assets—-home, car, education, investments—- are supported.

Example:  If you are 30 years old with an income of $30,000, you have a cumulative earning potential to age 65 of $1,225,000.  Bump that income example to $55,000, and by age 65 you will have earned over $1,925,000.  If you become disabled because of sickness or an accident, what is the best source of income to protect you and your family from financial hardship?

Disability Income Protection  This insurance policy provides money to replace your lost income if you become totally disabled from sickness or accident.  Coverage can be tailored to fit your individual needs.  A personal policy can even stay with you if you change jobs.  Best of all, you are covered anywhere in the world, 24 hours a day, while on or off the job.

There are other possible sources of income.  Social Security, Workers Compensation, and Employer Disablity policies.  Most of these have qualifications that are very strict, or restrict coverage either to a job related accident, or a short period of time.

Contact your Peck-Glasgow Insurance agent today to learn more about protecting yourself and your family from loss of income brought about by disability.