Protecting Your Most Important Asset

What do you think is your most important asset? Your home? Your car? Family heirlooms? Most people who think about their assets immediately think of tangible items. But the truth is, your most valuable asset isn’t something you purchase or inherited – it’s your ability to earn a paycheck. Makes sense when you think about it, right? Without your paycheck you would probably have a hard time paying for your house, your car or much else for that matter. So what are you doing to protect your most important asset?

You purchase insurance for your home and car, why wouldn’t you consider insuring your paycheck with disability insurance?

A majority of Americans, 68%, say mostDIAM_infostat_3in104 people need disability insurance, but only 30% actually have it, according to a 2013 LIMRA research study. Why are so many people convinced disability insurance is important, but only 1 in 3 have it? For one thing, the possibility of becoming disabled sounds extremely remote to many people. Certainly those in high-risk jobs (farming, law enforcement, manufacturing, construction, etc.) have a higher likelihood of suffering a disabling injury than someone in an office setting; but, the truth is, everyone has a 3 in 10 chance of experiencing a long-term absence from work (3 months or more). That’s because 90% of those absences are not a result of injury but illness.

Since disability insurance is such an important coverage for you to consider, the Life Foundation, a non-profit organization dedicated toward education on financial responsibility, has dedicated each May as Disability Insurance Awareness Month. Visit the AW Welt Ambrisco Insurance DIAM webpage or follow us on Facebook or Twitter all month long to learn more about the importance of disability insurance in your financial plans.

It’s time to protect your paycheck!

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