Disability insurance is a bit of a misnomer. What you’re really insuring is your income—and for most lawyers, group plans won’t protect your paycheque.
Both claim to protect your family if you pass away. But only one gives your loved ones the freedom — and flexibility — to use the payout where it matters most. That’s life insurance.
As gifts go, permanent life insurance makes surprising sense. You lock in your child’s insurability—forever. And you set them up with an alternative asset class that can give them a head start.