It is in our nature to protect ourselves and protect our families in tangible ways, but when it comes to more abstract concerns, like our finances, protecting income, or a debilitating illness, many people seem to have a harder time taking action. In today's economy, this persists in many communities because the prospect of obtaining a source of income is a great challenge all its own. However, you will eventually need a contingency plan to keep your finances balanced when employment is delayed, or even threatened.
The majority of Millennial and Generation X households say they would feel a significant financial effect if they were unable to work for six months because of an accident or illness.
Policies that are tailored to you and that are independent from the benefits offered through your job can help ensure you’re doing the most to protect your family’s lifestyle and future. Policies that are tailored to you and that are independent from the benefits offered through your job can help ensure you’re doing the most to protect your family’s lifestyle and future.
There are many ways you can help protect yourself and your family, by having the necessary insurance. By realizing where the gaps arise, and by talking through some of the possible income protection solutions with a financial professional, you can help ensure that the ones you love will be financially protected.