Taking Care of the Most Valuable Asset: Income

Disability Insurance is a vital part of a portfolio of protection, yet is easily overlooked by consumers. Most people failure to recognize the hierarchy it deserves, and never address its function in the anticipation it will never be needed.

Boulder, Colorado, USA. December 4, 2007 -- When most people are asked what is their most valuable asset, usually their response is their home or retirement fund. To realign that perception, the most valuable asset is really their ability to work and earn a lifetime of paychecks, i.e. their income. Without that asset it would be improbable to pay for their mortgage, car payments, retirement savings, utilities, and other expenses. Industry statistics reveal that all people over age 40 experience a long-term disability before they reach age 65. Until the recent mortgage meltdown, 48% of all home foreclosure were due to medical problems while only 2-3% were related to a death. With those kinds of probabilities, it would appear to be disconcerting to neglect DI coverage, yet many American go uncovered.

In the event of a possible disabling illness or accident, the repercussions for most people would be to borrow money, drain savings, sell possessions, or look to the government through Social Security, a request that usually is untimely. A catastrophic event can place enormous emotional stress on family relationships as members struggle to meet financial obligations. Disability Insurance is formatted to prevent a physical calamity from being a financial one. At Sound Insurance Advisors, staff is ready to provide solutions by means of offering only highly rated Insurers that primarily focus on DI. Individuals and small group businesses can obtain information on benefits, apply for coverage, and receive expert counsel on what it is they need to address to face the crisis of being unable to work.