Disability Insurance Awareness Month, May 2007

This is the first annual Disability Insurance Awareness Month. You will probably see a bunch of ads for disability insurance month. Finally someone has listened. We absolutely need to raise the awareness for the need for disability income insurance.

Check out http://life-line.org for more information on disability income awareness month.

Also, check out this link if you want to learn the FACTS about disabling illnesses and injuries:
http://life-line.org/real-risk.html


Did you know nearly 48% of mortgage foreclosures are due to a disability? Only 4% are due to death. Also, only one house in about 1800 will ever burn down, and yet every homeowner I know has insurance in case of fire.

Another interesting statistic I came across today: There are about 170,000,000 life insurance policies in force in America today. But less than 6,000,000 indivudually-owned disability income policies. Knowing what you now know about mortgage foreclosures it's time to take a look at disability income.

Do you need another reason to buy whole life insurance on a child?

I forgot one of the best reasons to buy a participating-whole-life-insurance policy on a child:

The rates will never ever go up. The rate I pay today, will be the same rate my son pays when he is 65 on this policy. I can tell you the rate a 35 year old pays for a new policy for the amount of insurance I am buying on my son is a whole lot higher than the rate he will be paying when he is 35.


In fact he may he may be able to quit paying the premium long before he is 65 but that is a different topic for a different day.