Personal income contributes to our quality of life in two ways. One is the financial reward that makes it possible to buy the products and services that we value. The other is the pride and self-esteem that comes from working to earn an income.
The loss of income is one of life’s greatest fears.
Therefore, it makes sense, that people will seek out ways to protect their income.
In general, there are three ways to lose one’s income. Each presents its own set of problems, and each has a practical solution.
First, income can be lost by the death of a wage earner. An early death can leave a family in dire financial need. Fortunately, life insurance provides a solution for this concern.
Second, income can be lost by living too long. The financial fear of outliving ones assets and savings in retirement can be resolved through retirement savings and annuities.
Thirdly, income can be lost by becoming disabled. Disability affects the individual both financially and emotionally. The practical solution to this problem is income protection insurance also known as disability insurance.
If you would like to learn more about how I can help you protect your family from loss of income, contact me today!
Financial Security Advisor
Life Insurance Broker
Office: (519) 648-9580
Fax: (519) 489-2740
244 Woolwich St. South, Unit #1 ~ P.O. Box 261 Breslau, ON ~ N0B 1M0