Do You Know?
Also, consider the fact that illness causes 90% of disabilities, and most long-term disabilities are not covered by workers’ compensation. You could be financially vulnerable if you suffer from a disability.
It’s important to know how to protect your most valuable financial resource, your ability to earn an income.
Here are some questions you can ask and answer in order to get the conversation started:
- What is your most valuable financial resource? (What is it worth? Is it protected?)
- If you no longer received a paycheck, what sources would you tap into to pay your bills?
- How long could you survive without your income?
- What do you think your chances are of becoming disabled?