In every story where there are pirates, from Peter Pan to Pirates of the Caribbean, someone is forced to walk the plank. But pirates are now a part of the past, residing in fiction. No one today is forced to walk the plank.
But would you ever walk the plank voluntarily? What about if the plank was necessary to reach a destination? For instance, you probably would try and walk across a plank of wood if it were only a couple of feet high, right? No danger there. But what about if it was 20 or 30 feet above the ground? No thanks, you’ll pass. Not interested. You’ll find a different way.
Let’s add a little something to the mix. Across the way, your son or daughter is in imminent danger, and the quickest way to get to them is to run across a plank that’s 2” x 8”. If you’re like most parents, you wouldn’t give it a second thought; you’d be on that plank in a heartbeat.
So what, you ask, my child is not in any imminent danger. What are you getting at? Well, if you don’t have sufficient paycheck protection, and something happens to your income, your family is in imminent danger of losing everything you’ve both worked so hard to attain. Your house, your car, your retirement plan. Your kids may have to switch schools. Think about this – if you died or became unable to work, how would you explain this? “Sorry, kids, I didn’t think I would die when I did. I didn’t leave anything for you.” “Kids, I’m hurt and can’t work anymore. There’s no money for anything and we will have to move.”
Life insurance makes it possible for your family to maintain that standard of living they’ve been enjoying if you die. Disability income insurance pays you an income until you can return to work. Some policies will even allow you to continue your retirement plan contributions. So why wing it? You don’t wing it at your job. If you need legal help, you hire an attorney, you don’t wing it by trying to do it yourself. But if you don’t have protection, you’re winging life. You’re betting nothing will happen to you. You’re gambling with your family’s future. You may as well take your paycheck each week to the casino.
Take a moment to get out pictures of your family. All smiling and happy, right? Not a care in the world. But life’s unknowns have a way of pirating that happiness, if you don’t plan for it. As a wise man once said, “If you knew when you’d need protection, you’d know how much you need and which day to buy it.” Are you walking the plank of life, or is yours built on a solid foundation?
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