2. Protect your ability to save for Retirement – If you are unable to earn a living due to a debilitating illness or injury, how will you be able to save for retirement? If you are unable to save, then a comfortable retirement is unlikely, and you and your family could find yourselves struggling for years to make ends meet. You don’t need to sacrifice your retirement dreams due to a debilitating illness or injury. With income protection and retirement savings protection, you can keep your lifestyle and retirement plans on track.
3. Secure your children’s success -- If a long term illness or injury prevents you from earning a living, how would this effect your ability to save for your children’s future education? You can keep your children on the debt-free college track with a solid income protection policy.
4. Safeguard your spouse – If a long-term disability keeps you from earning a living, how would this effect your spouse? Is it possible they would need to re-enter the workforce, or work longer and harder to try to replace as much of your income as possible and cover medical bills? If you have a solid disability insurance policy, you can maintain your lifestyle and prevent your spouse from having to work multiple jobs just to make ends meet.
5. Preserve Your Confidence – The stress of a long term illness or injury, not working and mounding piles of bills can cause severe depression. The mental anguish a lack of income can cause is the last thing you need when you are in physical distress and trying to recover. A solid disability income policy can help you eliminate the added stress caused by a lack of income. With financial stress out of the picture, you can focus all of your energy and attention towards your recovery.
Rodney Mogen, is the president of solveurpuzzles, a business focused company. Solve ur puzzles helps three groups: Small Businesses, Financial Advisors/Agents (fixed business only), and Local Government Entities. Rodney is also a small business coach focused on developing strategies for small business owners and helping them develop their own strategy and ideas to grow, sell, develop the way they want. He is focused on creating proper strategies for Advisors and business owners to assist them in their day to day duties by solving their puzzles.