Your family counts on you to take care of them
You work hard to take care of your family, and they're worth it! Your earnings provide the "balance" in their lives with a comfortable home to live in and the good things that life has to offer. They count on you to take care of them, but an unexpected illness or injury could change everything... overnight!
Could a disabling illness or injury happen to you?
It is possible, but most of us want to believe that we're healthy and invincible. We like to think that we can work and earn an income for as long as we want. But the facts are that a serious illness or injury affects thousands of people's lives every day. Consider these facts:
- One in five people will be disabled for one year or more before age 65
- Women between the ages of 35 and 65 are 40% more likely than men to become disabled for 90 or more days
- The chance of a long-term disability is - at a minimum - twice as great as death.
- Disability is the cause of nearly half of all home foreclosures
Could you still pay bills without your income?
If your earnings stopped for a month, a year... or the rest of your life, uncovered medical expenses and monthly household bills would still have to be paid or your family's lifestyle may have to change dramatically.
You have five choices:
1. Use your savings - One year of total disability could wipe out as much as 10 years of savings. And what would be left for the future? For retirement?
2. Sell property or assets - Under a forced sale, the likelihood is that tangible assets (real estate, autos, boats, etc.) will bring less than their fair market value... and still may not provide enough to pay bills.
3. Live on your spouses's income - In most two-income households, expenditures and debts are based upon the assumption that both incomes will continue. With half or more of current household income gone, most families' lifestyles would have to change.
4. Borrow money - Even if you could obtain a bank loan, the additional debt could compound your problem. Friends and relatives may be able to help you temporarily... but for how long?
5. Let disability income insurance supplement your family income - Leave your savings alone and hold onto the assets you worked so hard to get. Keep the balance in your life with a solid plan of disability income insurance to assure additional income exactly when it's needed most... when your income has stopped due to a qualified illness or injury!
