There's currently a television commercial that mentions how a family depends on the income of the husband (or it could be the wife, mom, etc). The question they ask is "How would your family make it without your paycheck?"
At first glance I thought they were talking about disability insurance since that truly is insurance for your paycheck. However, this was an advertisement for life insurance. And it is true that your family depends on your paycheck and would be in big financial trouble if you suddenly died.
But what if you didn't die? What if you survived and you were disabled? The truth is that this could be an even worse situation for your family. Not only would you not be able to work, but you may need a caretaker. Like a client once told me, "If I'm dead I'm out of the picture, but if I'm disabled, I still have to eat."
And the last thing you need at that point is not being able to afford your life insurance. Which is why we at Surf Financial Brokers stress the importance of an optional Waiver of Premium (WP). The WP rider pays your life insurance premiums for you in the event that you are disabled and can no longer work. Insurance on your insurance for a small additional charge.
No comments:
Post a Comment