Have You Protected Your Most Valuable Asset?

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While we can accumulate money and assets, there is one asset above all others that needs protection. That asset is our ability to continue to earn income. How do we protect it? With quality disability income insurance.

Quality disability income insurance equates to “insuring the goose.” What most people do is insure all their golden eggs, but fail to insure the goose.

As people get older, they are sometimes challenged by whether they should continue their disability insurance, or drop it and buy long term care insurance. Recently, I was interviewed by Forbes Magazine (“Long Term Disability Insurance vs Long Term Care Insurance”) on exactly when you should stop your disability insurance and start buying long term care insurance. I urge you to read the article because I think the decision is a very important one.

Would you be okay if you had to retire today? If you answer “Yes,” then maybe you can stop your disability insurance. But if you need to accumulate more money, I suggest you maintain your disability insurance while seeking out strategies and alternatives to simultaneously protect you from long term care costs.

This is an interesting and sometimes confusing area for a lot of people. Read the article and if you would like to discuss your position, give us a call.

Registered Representative offering Securities through American Portfolios Financial Services, Inc. (APFS) Member FINRA/SIPC. Investment Advisory Services are offered through G&G Planning Concepts, Inc. which is not affiliated with APFS. Strategic Wealth Advisors Network and Gassman Financial Group are not affiliated with APFS.

Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc.(APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors.