Life Insurance Woodbridge virginia
What Sources of Funds May Be Available to Replace Your Earning Power During a Disability?

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If you save 10% of your income each year, it will take 10 years to set aside just one year’s income.

What creditor is going to lend money to a disabled income earner?

Liquidate Assets
Assuming a market exists, a forced liquidation of assets can reduce their value. A single disability could consume the assets you’ve worked a lifetime to accumulate.

Spouse’s Earnings
Your lifestyle may already be built upon a dual income. If, however, your spouse is not currently an income earner, is it realistic to assume that he or she could replace your earning power?

Social Security Benefits

It can be difficult to qualify for Social Security disability benefits. Assuming, however, that you do qualify, Social Security benefits do not begin until the sixth full month of disability and are generally not adequate to replace your earning power.

There is, however, a potential solution…

Personally-owned disability income insurance, coordinated with other sources of disability income.

from the Masters…


by Josh Hinds

Make the rubber meet the road! – The only problem with goals (if there is as I see it is that all too often we plan ourselves to the point that we never actually take action on them. Rather I should say the right amount of action.

I can’t even begin to tell you how many people I know (me included in some cases) who are guilty of planning themselves to death! I should say that planning is good. What I mean above is that we need to be willing to admit that no matter what our plans are, life does have a way of making us make minor (in some case major) adjustments that will lead to our intended goals.

My point is this: Have a solid framework for what you want to achieve. Be willing to admit that you might have to make adjustments along the way.

Above all else! Get started! Even if it’s simply taking small steps, at least we are making progress, right? As you take those steps reinforce in your mind that with this very action you are indeed making progress.