A is for Asset Protection
What is your most valuable Asset ?
Your Family? Your Relationships? Your Health?
I would Agree!
Then let me ask you a different question. What is your most valuable financial asset? Your home? Your investments?
Actually it is your INCOME. How do we protect our valuable Assets? With Insurance.
For Example If your average lifetime annual income is $100,000 per year and you work from age 25 to age 65 then you will have lifetime earnings of $4,000,000. So, for most people their most valuable financial asset is their income or earning potential. What factors will take away your income. Death or Illness are the two biggest threats to loss of income. For most people when their income stops their families need for that income does not stop. So Insurance is a way to protect your most valuable Asset.
Insurance transfers the financial risk of life's events to an insurance company. A sound insurance strategy can help protect your family from the financial consequences of those events. A strategy can include personal insurance, liability insurance, and life insurance.
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