Former NFL player shares the value of tackling income protection
Scott Stankavage, a former National Football League (NFL) player turned real estate broker, felt invincible. Then he was diagnosed with leukemia. See how a decision he made long ago to purchase individual disability income insurance helped his family during a tough time.
The difficult diagnosis
Scott knew something wasn鈥檛 right. Why were simple things like mowing the lawn so exhausting? Finally, the father of six got his answer: He had terminal leukemia鈥攚ith no cure and few options to extend his life. 鈥淣ot knowing what was wrong with me was the hardest,鈥 says Scott. 鈥淚 wasn鈥檛 used to not being in control and not being able to get answers.
鈥淚 was a former professional athlete and proud of keeping myself in tip-top shape even in my 50s. Nothing was supposed to happen to me.鈥
The critical decision
Years earlier, Scott鈥檚 colleague鈥攁 financial professional with Principal庐鈥晄tressed the importance of disability insurance to help pay everyday living expenses if Scott ever became too sick or hurt to work. 鈥淎lthough I felt bulletproof in my younger years, the idea of protecting my family was a significant concern as a new father,鈥 he says.
As I look back, deciding to purchase a disability insurance policy was one of the most responsible things I鈥檝e ever done.鈥
The freedom to focus on what matters most
Today, Scott receives a monthly disability insurance benefit that replaces a portion of his income. This helps him meet his family鈥檚 monthly living expenses, including house payments, groceries, and essentials of family life. 鈥淭he small amount we receive from Social Security wouldn鈥檛 have been enough by itself,鈥 he says.
鈥淢y wife and children have enough stress knowing I鈥檓 dealing with a rare leukemia without a cure. I don鈥檛 want financial worry to be a primary focus of our time together,鈥 he says. 鈥満=巧缜鴋elped provide freedom to be the best father and husband I can be by reducing my worry about where we鈥檒l get the money to run our home.鈥
- Check out coverage options with this disability insurance calculator.
- Talk to your financial professional about your income protection needs, or let us connect you with a financial professional in your area.