| What if you need money and you are still alive? | | | | essence death insurance. In most cases, it provides |
| Choosing between protection on your life and | | | | no benefit while you are alive. Life insurance provides |
| protection on your income is a decision best not | | | | for your loved ones after your death. |
| made. Both are very important. Life insurance is | | | | Are you aware of the statistics about how likely you |
| essential when you have dependents who would | | | | are to be still alive and unable to work for a period of |
| suffer without you being there to provide financially. | | | | time- short or long? Without disability insurance, you |
| Life insurance is an inexpensive gift to those we love | | | | may be around to watch your loved ones suffer. |
| the most. It continues your provision and love even | | | | Without your income how can you pay any of your |
| after an untimely death. | | | | bills? An emergency fund of at least six months |
| However, what happens if you lose your ability to | | | | income can prevent a crisis for short term income |
| work, even for a short time? Think about it for a | | | | loss. Living debt free is also very helpful when the |
| moment. | | | | unexpected occurs. |
| Ask yourself these questions: | | | | How many of us live the ideal debt free lifestyle and |
| 1. If I am sick or injured and cannot work is there | | | | have even one month's emergency fund? Everyone |
| someone who can provide for me during that time? | | | | knows that most Americans live paycheck to |
| 2. If a relative or friend who could provide for you, | | | | paycheck. Most of us are only a few paychecks |
| would you mindasking that person for help? | | | | from being out on the street. Although a disabling |
| 3. Do you have a spouse who works and could you | | | | injury occurs every few seconds, we are NOT |
| survive on their income alone or must you contribute | | | | financially prepared if an accident or sickness |
| money towards basic living expenses? | | | | interrupts our ability to work. Even group disability |
| 4. If you must have money coming in, how much | | | | benefits at your job can leave you with as little as |
| would you need to keep the roof over your head | | | | 40% of your income after taxes. Can you live on |
| and food on the table? | | | | 40-50% of your income? |
| The key question is: What if you need money and | | | | Disability insurance is even more essential than life |
| you are still alive? | | | | insurance because it provides money while you are |
| It is that question that moves me off the fence on | | | | still alive! |
| life versus disability insurance. Life insurance is in | | | | |