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Where will the money come from?
You’ve worked hard to get where you are.
Now it’s time to protect what you’ve built for
yourself and for the people who depend on you.
Will your current assets be sufficient to cover
any unforeseen contingencies?
Even substantial assets can be wiped out
quickly.
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A medical emergency results in premature
death, leaving your family without adequate income.
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A long-term illness quickly drains a
lifetime of savings.
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An injury or accident makes returning to
work impossible.
No one likes to think
about dying too soon, suffering a long-term illness or becoming
disabled.
However, if you haven’t
planned for these possibilities, you and the people who depend on
you could find themselves in a disastrous financial situation.
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If your income suddenly stopped, how
long could your family go on meeting its monthly
obligations? What would happen after that?
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If you died leaving expensive, unpaid
medical bills, where would the money come from to pay for
them? Would your family have to sell off assets?
Two of the most
effective and affordable ways to address these concerns are life
insurance and disability insurance.
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Life insurance can provide an income
tax-free, lump sum payment that can be used to settle debts,
or be invested to provide a monthly income stream for your
family.
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Disability insurance provides a monthly
income to make up for lost wages should an accident,
sickness or injury prevent you from working at your regular
occupation. Benefits are generally received tax fre
Do
you own personal life insurance?
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How much?
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How did you arrive at this amount?
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Are your premiums level or do they
increase?
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Does your policy build cash value that
can be used for lifetime needs?
Do
you own disability insurance?
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How much does it pay per month?
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How long does the benefit last?
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When do benefits become payable?
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Do you know how your policy defines
“disability”?
Proper planning today
will help protect you, your family and the things that are important
to you.
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