Your financial blueprint is the plan that you have for your life, as you want it to be. It’s not always what we have today, but it’s the plans that we have for ourselves tomorrow and the day after that, and the day after that…well, you get the idea.
Protecting that financial blueprint is honestly going to be one of the most important things that you could possibly do for yourself. You will need to make sure that your family’s needs are going to be fulfilled for the long term, because if they aren’t you’re going to be in real trouble.
Thankfully, your financial blueprint and income protection actually go hand in hand. The more planning that you can do in the short term, the more your financial future will sparkle. It’s true that you could probably go your whole life without any type of insurance coverage and be just fine — aside from auto insurance of course. However, you will need to think about the downfall of not having that peace of mind. What if you do get sick and you’re not able to work? That would really slow you down in big ways, and you will need to make sure that you focus on the bigger picture. Do you really want to risk your family’s future in case that you’re wrong?
That’s probably not what you want to do anyway, so let’s talk about how to get some more stability in your life.
You will want to first look at your employer’s list of benefits before you try to go get income protection on your own. This might allow you to save money on those monthly premiums. This is because your employer can get a group rate that’s going to be cheaper since they have so many more people than you do. Don’t feel pressured either way — there’s the right policy for everyone.
You also want to make sure that you talk with your insurance rep about the features that you really need. Don’t think that you just have to accept a policy as it’s written. You can usually customize a policy to a certain point. That might mean raising the coverage and adding a higher percentage of income than what’s offered in the standard plan. Either way, now is definitely the time to take action — are you ready? Let’s go!