Savings & Debt Elimination

Disability insurance is an important element to income protection. And the amount of monthly income your clients have in savings plays a vital role in the elimination period for the policy. Use the Disability Protection Analyzer to show your clients what level of disability coverage they need.

After securing income through all the proper insurances, and securing property through the same means, your clients' thoughts should turn to those smaller emergencies of life that we all experience. Health insurance co-pays and deductibles, car maintenance and repair, and appliance breakdowns are just a few things that may take money above and beyond our regular monthly income.

You don’t typically buy insurance against such occurrences, so the need to save some money for these “rainy days” is pretty apparent to most of us. Step 2: Savings & Debt Elimination. While there is no real analysis needed for this step beyond the disability illustration our "Steps to Financial Security and Success" presentation discusses the need for such preparation while also teaching that it doesn't necessarily need to be fully accomplished before starting plans for your retirement.