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A Dangerous Financial Mistake
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Wednesday, May 27, 2015

The clip titled, “A Dangerous Financial Mistake” from Life Happens succinctly makes an important point that can be all too easy for young Americans to overlook. Disability Insurance Awareness month is the perfect time for you to drive home this simple fact when discussing financial security with your clients: you may be young and healthy today, but 1 in 4 American workers will be disabled at some point during their career.

We all can remember how invincible we felt at 25, even 35. But with age, comes the wisdom to see the benefits of planning for unpleasant possibilities. 

No one likes to think that they will be in that 25% that relies on a safety net while recovering from illness or an accident. But there’s little doubt that those who have found themselves utilizing disability insurance at some point in their careers were grateful they had that safety net in place when they needed it.

It’s true that purchasing disability insurance does protect a client’s paycheck. But it also protects their future. To your young, healthy and seemingly invincible clientele it may seem unlikely that they would ever have to live without a paycheck for very long due to illness or an accident. But if it were to happen, without a plan, their entire lives could be derailed.

Ask these clients how much they imagine they would lose in earnings over their lifetime if they were to be permanently disabled at age 25. With a salary of $50,000 a year, a 25-year-old worker could lose $3.8 million in future earnings. Then ask them how different their lives would be without that amount of income.

Contact us anytime for disability insurance materials to share with your clients. We have plenty of resources to help you get your point across about the very real importance of protecting your clients’ future.

 



 
 
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