Do you have your Income Safety Net?

Reckless behavior is around us every day. Reckless behavior is doing risky or hurtful things to yourself or others, putting others at risk, and ignoring or not thinking about the potential consequences of risky activities.

Last night’s news showed pictures of red-tagged houses built on mudslide terrain. Planning Boards that issue permits, contractors who build the houses, and the people who buy them are guilty of reckless behavior. Another, less obvious example occurred to me last week. Two mid-thirties estate planning attorneys recently started their practice in separate places. One has two young children, and one has four. Their spouses are mostly stay-at-home moms.

I asked them both what would happen to their families if they got sick or hurt and couldn’t work for a month, a year, or never. Where would the money come from? My suggestion, of course, was that they buy income insurance as an absolute necessity for their family and growing practice.

Maybe later, they say. They will probably never need it.

But what happens if they do? Disabilities happen not just to other people.

Chalk up these as more examples of reckless behavior. In my years as an insurance professional, I’ve seen the consequences of these decisions. I’m not done with these guys because I know better than they do how important it is to have an income safety net.

When you are ready to talk to an Long-Term Care Insurance expert about your income safety net, schedule a call: www.calendly.com/jimbetter. Find more resources in our blog.

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