Dave’s DI Dispatch: Vol. 55
According to this recent article by Thomas Petersen, “Many financial planners ignore looking at the entire disability protection picture. They believe that if there is a basic plan in place, it should be sufficient, and in turn, focus on the need for life insurance and investment and savings programs. What they miss is that savings and investment vehicles are dependent upon cash flow. In the event of a disability, income stops fairly rapidly which in turn could impact the ability to save and invest.”
Regardless of your expertise, never assume that someone else is taking care of your client. You have access to the knowledge, and perhaps the responsibility, to make sure your clients are fully insured for an unforeseen disablement. Please read the attached for more in depth analysis of Myths versus Reality.
Keep your Clients Informed and help Protect their Families and Future.