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Your Best Asset is You
by Riley Poppy, Ignite Financial Planning
Your greatest asset is you and your ability to do your job. As a medical professional, you have devoted a decade or more to education and training and countless dollars with the likelihood of student loans. So the logical first step of your financial plan should be to protect yourself.
Employee Benefits: Disability Insurance
by Michelle Smalenberger, Financial Design Studio
Usually, up to 60% of your income can be insure because of disability insurance.
So what does this mean?
So as you are earning a pay check today, you are getting 100% of your income. However, 60%, if you were to become disabled, would become the maximum that you could receive.
Should You Get Individual Long-Term Disability Insurance In Addition To The Group One?
by Jiyao Xu, X and Y Advisors, Inc.
In my opinion, long-term disability insurance is probably one of the most important but overlooked insurance for young professionals. If you are in your 20s, 30s, or even 40s, what do you think is your biggest financial asset? Money in your bank? Your car? Your house? Many of you may not realize that the most valuable financial asset you currently have is probably the value of your future income. Long-term disability insurance is a great tool to help you protect it.
For more on this topic, be sure to check out Good Financial Reads: Disability and Life Insurance.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
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Disability Insurance: Use This Process to Help Determine What You Need (and What You Don’t)
Good Financial Reads: Financial Wellness
