Such investments may fluctuate in value and are subject to investment risks, including loss of principal. FNIC is not affiliated with First Entertainment Credit Union. If you're like most Americans you insure your life, your home, your car, even your furniture. Often times you forget to insure your single most important asset - your earning power. Most people don't realize that, until the age of 55, you are five times more likely to become disabled than die.
Many people believe they can rely upon the government if they become disabled.
But worker's compensation varies widely from state to state and covers only work-related injuries. It does not cover illness, which is the most common cause of disability. Social Security is available only if you are so disabled that you cannot work in any gainful employment. Furthermore, you cannot collect until the disability has lasted for five consecutive months, and if it is expected to last for at least a year. Others believe their employer will cover them.