Here is an excerpt from a very good article written by Manulife about the reality of your biggest asset:
Canadians’ ability to earn income is usually their biggest asset, more valuable even than their home or other investments, and that asset is at greater risk than many realize, through death, disability and illness, says Steven Parker, Assistant Vice-President, Product and Marketing, Individual Insurance, Manulife Financial.
“Your greatest asset is yourself and your ability to earn income,” he says.
Mr. Parker adds, “we have a study that shows that for young married couples, the risk of one of them becoming critically ill or disabled by age 65, or of dying by that age, is 75 to 80 per cent.”
To read the full article, click here.