Did you know that…
- Sixty-one percent of American workers have no private short-term disability insurance.1,2
- Sixty-seven percent of working people in the U.S. lack private long-term disability coverage.1,2
- Forty-eight percent of Americans have no life insurance.3,4
- Approximately 14 percent of American drivers are uninsured.5
If you ask a homeowner, replacing a roof is probably the least satisfying expense they will ever face. While the value of such an investment is obvious, it doesn’t quite provide the satisfaction of new landscaping. Yet, when a heavy rain comes, ask that same owner if they would have preferred nice flowers or a sturdy roof.
Insurance is a lot like that roof. It’s not a terribly gratifying expenditure, but it may offer protection against the myriad of potential financial storms that can touch down in your life.
The uncertainties of life are wide ranging, and many of them can threaten the financial security of you and your family. We understand most of these risks – a home destroyed by a fire and a car accident are just two common risks, which could subject you to an outsized financial loss.
Similarly, your inability to earn a living to support yourself and your family, due to death or disability, can wreak long-term financial havoc on those closest to you.
Insurance exists to help protect you from these forms of wealth destruction.
Some insurance (such as home or car) may be required. When it isn’t mandated (in the case of life or disability), individuals may be tempted to avoid the certain financial “loss” associated with insurance premiums, assuming the risk of much larger losses that are less likely to happen.
But insurance premiums aren’t a financial “loss.” They are designed to help protect you and your family as you build personal wealth.
