Insurance

If every wife knew what every widow knows, then every husband would own more life insurance. Think about that for a second.

People spend thousands of dollars every year insuring their car, their home; even their travel luggage. But what’s the worst that could happen if they weren't insured? They wreck their car, they’re out twenty thousand. House burns down, they're out three hundred thousand (actually, likely their bank is). Luggage gets lost, they’re out a thousand. But what about their life?

The bottom line is this: life insurance is there to protect your family if something should happen to you. What do I mean by ‘protect’? There are mortgage payments that will need to be paid, car payments that need to be taken care of, checks for future or current college expenses that need to be written. These are the realities your family will have to deal with.

How much are you worth as a person to your family? Do you even have any idea? Some people don't think they need life insurance. They don't realize however that by not buying coverage, it doesn't make the risk go away....it just makes them the world's smallest insurance company. This is because our birth certificates don't carry an expiration date.

You as an individual are an 'incoming producing asset'. Remember that every day you drive into your office. You are valuable: very valuable! For example, if you currently make $50,000 a year, with 20 years of prospective employment, (assuming no raises or promotions, which is unlikely), at minimum you are worth $1,000,000 (that's one million dollars) to your loved ones long-term! Have you ever thought about it in that way? Now, I'm not advocating that you need $1,000,000 in life insurance, but my point is that your life has VALUE.

Now, life insurance can be temporary or permanent. Term (temporary) insurance is designed to expire before you do, and is actuarially computed not to be in force when you pass away. However, it can be a viable option if there are budgetary constraints. Permanent insurance is just that however: you have it till you actually do expire. The probability you will die is one out of one, though most people walk around as if it’s never going to happen to them.

On the flip-side, people are often times unaware of the 'living benefits' of life insurance. There are many ‘living benefits’ to owning permanent life insurance, including withdrawing income in retirement tax-free, continued contributions due to becoming disabled, and even protection from assets within them in judgements and lawsuits. If I could show you these  'living benefits', would you be open to hearing more about it? Contact me for a 90 minute appointment in the comfort of your home. Regardless of whether or not you become a client, referrals are appreciated.

On a closing note, don't take life too seriously....none of us are going to get out of it alive :)