Insurance Info

Buying a house, giving the ones that you love a place they can call home, is one of the biggest accomplishments you can achieve in your life. It probably is the largest investment you will ever make in your lifetime.

We all wish and hope that our life will last forever, but we all know this is not the case. Every one of us has experienced times in which in our circle of friends or family a beloved wife our husband died of an unforeseen event. It may be because of a tragic accident or a terminal illness that took a life so unexpectedly. Experiencing a loss like that is the hardest thing to overcome. Not only when children are left behind. Continue reading ‘You Need Mortgage Protection – Or Are You Immortal?’ »

Most people would never imagine owning a house or vehicle without insuring it. People’s homes and cars are valuable assets and they naturally want to protect themselves. These same people often do not have adequate coverage (or any at all) for their largest most valued asset — their income!

Successful people consider more and more to secure their income in a case of a disability. Why do they do it? Because without proper planning, an unexpected disability can quickly exhaust their savings and create a substantial debt. Their income is essential to them and gives them their freedom. A 39 year old man for example: with an annual income of $60,000 and an assumed annual increase of 3% of his salary could lose up to $2,313,000 income if he gets totally disabled. It is evident that the need for income replacement is universal–yet many people don’t have this valuable coverage. The following statistics illustrate the need for income protection in the United States:

In 2003 alone, there were 3,400,000 disabling injuries, this breaks down to:

• 65,385 a week,
• 9,341 a day,
• 389 an hour and
• 1 every 10 seconds! Continue reading ‘You Play the Lottery But Have No Disability Insurance?’ »