Preparing for the Unexpected: Disability

A wealth builder’s ability to earn income is typically their most valuable asset. Losing an income could very well total a loss of millions of dollars over a client’s lifetime. For example, assuming a 2.5% annual increase in income, a 43-year-old earning $150,000/year and planning to work until age 65 would lose $4,329,424 in lifetime income if they became permanently disabled today.1 This would likely be devastating to their short- and long- term financial stability, as even a substantial emergency fund and/or investment portfolio can be depleted quickly, and at the jeopardization of other goals.