Income Protection

I missed a Friday or two. Sometimes life shows up because she never stops. I am learning and growing as I am teaching. The best way to solidify what you are learning is to teach it to someone else. Have you ever heard of income protection? Did you know you can calculate your income protection number? Do you know what your income Protection number is?

Income protection is the amount of life insurance or assets an individual needs to cover any potential loss of income due to the unexpected death of the primary (or sole) income earner so the survivors can be financially sound until the youngest dependent is at least twenty years old.

You can have your income protection number (IPN) calculated by a financial coach or advisor. If you do not have one or do not know where to find one, comment below. Don’t forget September is Life Insurance Awareness Month. “Friends don’t let friends go without life insurance.” – unknown.