If you’re like most people, life insurance is top of mind when it comes to protecting your family and loved ones. But let’s be real—you only die once. Illness or accident, on the other hand, could take you out of the picture for an extended period of time, wreaking havoc on your financial life and your family’s. This is especially critical if you are a single person, since there isn’t a fall-back plan with a partner or spouse. According to Unum Insurance, nearly 41% of disability recipients are under 50, with nearly a third of those under 40. And a CDC report states that one out of every 5 adults has a disability. For the mathematicians in the house, that breaks out to 20%!
The way to sidestep catastrophe is with a solid disability or income protection plan. You may have one through your employer. But do you know what it covers? Is it enough? Erika Ghaffari of Ash Brokerage will lead an enlightening overview of what a Disability plan is and the role it plays in protecting the assets you’ve worked so hard to build.
As a Regional Vice President at Ash Brokerage, Erika Ghaffari supports financial advisors and planners in Greater Los Angeles area. Her specialty is facilitating conversations about life insurance, disability income, and long-term care.