Scantlebury Wealth Management

  It is one of the ultimate ironies of modern adulthood: we willingly insure our cars, our homes, and even our smartphones against accidental drops, yet we routinely ignore the protection of our most valuable asset—our life. For the vast majority of people, purchasing a life insurance policy sits firmly at the absolute bottom of the to-do list. It is the classic "tomorrow problem." But why does something so fundamentally critical to financial security consistently rank as the very last thing on our minds? The explanation lies at the intersection of human psychology, uncomfortable realities, and a few common misconceptions. The most obvious reason life insurance gets pushed aside is that buying it requires us to do something human beings are hardwired to avoid: confronting our own mortality. No one wakes up on a sunny Saturday morning wanting to calculate the financial value of their absence. Planning for life insurance forces us to imagine a world where we aren’t around to se...

I think we can agree that if a business owned a machine that spit out $200,000 a year, that same business would insure that same “money-making” machine for as much as they could.  Well, in the case of most businesses, the business owners are the machine; they are the source of the energy which ensures that any company makes money.  In most ways, businesses are a symbol, a trophy, that represent years of hard work, dedication and a legacy.  However, the very factor that makes a business thrive—the owner’s leadership and vision—is also its greatest vulnerability. Don’t let an injury or an illness derail everything that you’ve worked hard to build. Business-owned disability insurance serves as a lifeline for your business, providing a monthly income to help you keep your business running when you cannot be there. While a disability can often be visible to the naked eye, not all disabilities are so easily recognized; chronic pain or a mental health issue can also qualify as a...