What’s your most valuable asset?

Many people may say their house. However, how does that compare to 20 or 30 years of your income lost due sickness or death? If you are 40 years old and currently earn $80,000 a year and intend or need to work to age 65 you would have earned $2.0 million (or $1.6 million to age 60). This simplistic calculation doesn’t factor in any pay rise, promotion or even cost-of-living indexing. Financially, to your family your life is worth $2.0 million. When you are single and young insurance … [Read more...]