What do you think is the most valuable asset for most people:  their home, 401(k), bank account, car….?  No.  What is it then?  Well, it’s a trick question.  This answer is…. their income earning power.

For someone making $50,000 at age 45, even if he or she  has a six figures in a 401(k) and/or a big chunk of equity in a home, that pales in comparison to 20 years working, which adds up to a Million Dollars.

Given that our ability to work and earn a living is so valuable, it’s scary to know that only a small percentage of us have Disability Insurance Policies that will pay to replace our income if we are injured Short Term or Long Term and are unable to work.

Many types of accidents, including the most common, a car accident, can result in serious injuries that rob an individual of the abilily to work.  Similarly, sudden or chronic illness can lead to premature retirement.

Ask yourself this question:  If you were involved in an accident that disabled but did not kill you tomorrow and it took away your ability to work, how will you support your family?  If the answer is “I don’t know” then you had better look into what Disability Insurance Coverage is available through your work or through a private Disability Policy to protect yourself and your family.  Depending on your health and age, you’d be surprised at how inexpensive it would be to cover this risk.

Tim Rayne is a Pennsylvania Car Accident and Personal Injury Attorney who helps victims of accidents understand their legal rights and receive fair compensation from insurance companies.  Tim Rayne has Personal Injury Law Offices in Kennett Square and West Chester and also meets clients in their homes or other convenient locations.  For more information on Insurance Choices to protect your family or for legal advice after an accident in Pennsylvania, contact Tim Rayne at 6108400124 or trayne@macelree.com.