Protect Your Assets–Ability to Earn Income

Typically, the only way we are going to pay the financial costs of achieving our goals is to receive some form of income. Although establishing an emergency savings account is crucial for paying living expenses in the event we experience unexpected costs. Creating a contingency plan for replacing income in the event we are unable to is also very important.

Disability insurance (DI) policies come in all shapes and sizes to meet individual needs. The four main areas that provide income replacement as a result of a disability are; individual insurance plans, group insurance plans, specialty programs, and government supported plans. The combination of income replaced from all of the disability options will not generated more income than was previously generated while working.

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