Insure Your Income Earning Potential

Everything you do today is based upon the amount of income you earn on a weekly basis. The type of car you drive, the clothes you wear, the house you live in, even the schools your children go to - all these are a measure of your lifestyle and rely on the income you earn.

So what would happen to your family if suddenly that income stopped through some unforeseen circumstance such as an accident, illness or death?

What would happen to the "Quality Of Life" you had established for your family? Would it continue?

Don't Neglect Personal Insurance

A Risk Insurance Portfolio is one of the most important elements of your financial plan. Yet, many people don't understand the importance of life insurance, and don't want to understand it! Everybody knows they need it, but nobody wants to think about the possibility of dying, suffering an illness or being the victim of an accident.

Buying The Right Kind Of Insurance Protection Can Make A Big Difference

  1. Standard of Living. In the event of the untimely death of the husband or wife, a wise insurance purchase can mean the difference between maintaining the family's current standard of living and financial disaster for those left behind.
  2. Long-Term Goals. If you buy too little protection, you leave your family vulnerable. In the event of death, the survivors might have to drain their savings to pay burial and other costs. That could seriously effect the long-term goals you've set in other areas, like retirement planning or setting up an education fund for your children.
  3. Retirement Income. You may have calculated how much was required to save as a percentage of earnings on a regular annual basis to achieve the amount you would need to retire on. The amount would have been calculated on present and future income earnings. It would have been done with the intention of building a secure financial future for you and your family. Without you being able to provide the ongoing income - would your family's financial plan still be in place?

The Bottom Line is that your decision in purchasing and having a complete Risk Protection Portfolio is one of the most important financial decisions you will make. That decision and the type and amount of insurance cover you will own will have a vast effect on your family if you die, and on your quality of life if you live. You can't afford to stick your head in the sand over something as important as this.