What is your greatest asset?

If I walked the streets of Chattanooga and asked this to some locals, I think I’d hear a variety of answers. Maybe they would say it’s their house, or car, or perhaps their retirement savings. Maybe it’s their Georgia Bulldogs football jersey or their ticket to the game last fall when the Vols beat Bama. Although all these responses are valid, I believe that our greatest asset is our ability to earn an income.

Imagine for just a second what it would be like to have all your income cut off for 6 months. What would that look like? How would your life change? Now, if you have a strong reserve of emergency funds, and this wouldn’t cause any issues, kudos. You are one of few. In fact, according to a January 2023 poll, 68% of Americans are worried they wouldn’t be able to cover their living expenses for just one month if they lost their primary source of income. It’s an unfortunate reality, but it’s our reality, nonetheless.

This is what makes disability income insurance so powerful and worth fully understanding both individually and as an employer. Even having 60% of one’s income protected, which is what a standard DI benefit covers, can make an incredible difference.

I hope you found these few paragraphs insightful, but if I failed to satisfy your curiosity about disability income insurance, you’ve got a great local broker who would love to talk with you more about it!