Always have a Plan B

SOURCE: 2012 Field Guide, National Underwriter

SOURCE: 2012 Field Guide, National Underwriter

If you, or your spouse, were to experience a long-term disability (lasting 90 days or more), would you be able to shoulder the financial burden?

This is a fairly significant question to ask yourself, and ultimately prepare a response to. Sometimes we would rather not think of the possibility of getting injured, but, believe it or not, a 50-year-old has about a 36% chance of experiencing a long-term disability before age 65, according to the National Underwriter 2012 Field Guide.

Of course, there is disability insurance and things of the like that assist in these particular types of matters, but the percentage of income that it can replace is ultimately up to the policy.

Head over to the Krinos Group website and check out our “Having a Backup Plan” newsletter to learn what you can do to prepare for an unforeseen event like this.

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