If you’re like most, you already insure your home, vehicles, boats, etc. How does your Income compare to those other assets you insure? Its likely that your income is worth far more than anything else you insure.
Think of your “Income Asset” as the total value of the income you’ll earn from now until you retire. Assuming an annual income of $100,000 with a 3% increase from age 40 through age 67, its worth almost $4.3 million.
Does it make sense to protect your most valuable asset; your income!