Expecting the Unexpected: Navigating Illness and an Unplanned Leave of Absence

If illness puts you out of work for weeks, how will you get by? Now is the time to get your ducks in a row, just in case.

The spread of the COVID-19 (coronavirus) has Americans worried — both about their health and the impact the illness could have on their finances. As we grapple with the consequences of this virus, I’m reminded of my own experience with an unplanned medical leave late last year. Here is what I learned then and a few immediate financial and practical precautions that everyone should take in these times of uncertainty.

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Brian G. Madgett, CLU®, ChFC®
Head of Consumer Education, New York Life

Brian G. Madgett, CLU®, ChFC®, is Head of Consumer Education at New York Life. In this role, Brian helps families across the country learn how to build better futures, rooted in a protection-first financial plan, for themselves and those they love. Brian began his nearly 30-year career as a New York Life financial specialist and has since held several leadership roles within the company. He earned his Bachelor of Science degree from John Jay College.