Safora Life

Every plan, every dream, and every goal you set for your life depends on one vital thing: your ability to earn an income. Whether it’s buying a house, sending your children to college, or ensuring your family lives comfortably, it all hinges on your earning potential over your lifetime. Now, imagine this: What if that income suddenly stopped? That’s not just a hypothetical. It’s a very real risk we all face. The Two Main Threats to Your Income There are two major ways people lose their income: Loss of Employment Job loss due to layoffs, company restructuring, or economic downturns is unpredictable but very common. While most people can eventually find another job, it may take 6–9 months and could come with a 20–30% pay cut. That’s why advisors recommend an emergency fund covering at least 6 months of expenses. Loss of Income Due to Bad Health This is the silent income killer. A serious illness, injury, or long-term disability can halt your income completely, sometimes perm...