Odds of a car accident- 18%
Odds of a house fire- 1%
Odds of death- 100%
Life Insurance is the only insurance where there can be a guaranteed claim, yet many are still uninsured or underinsured.
So why is it many insure their cars but not the precious cargo that goes inside? It’s the law!
Life insurance is a choice, you buy it to protect the ones you love so that if anything ever happens to you they are provided for. This might not be the easiest topic to discuss but it’s an important part of your financial strategy.
Did you know?
If you outlive your policy you can get 100% of your money back
Life insurance can be used to help fund your retirement
It can be used to help fund your kids college. Many even start a children’s whole life policy because of the advantages over a college 529 plan.
0 26 minutes ago
everything in life is awesome if your outlook on life is awesome ⚡️ #vibes
as financial advisers we get hit with all kinds of awesome questions ‘who should I have my KiwiSaver with?’ ‘why does my insurance increase every year?’ we love questions, so keep them pouring in! flick us an 📧 with any questions u have - hit the email button above ↟
I'm actually working with my friend April to hopefully let me live more comfortably for longer than 11 minutes. She works for Banker's Life and has already helped me get some life insurance that will help my hubby in case I leave this world before he does.
I'm also saving up to put money in an annuity. This is a great way to save for retirement that won't completely disappear if the market crashes.
My dad will be eligible for Medicare soon, and she can help with that too. I want to make sure my parents know what they should do to not get screwed by the government any more than they have to.
If you are interested in this or learning about other options, let me know. I will get you in contact with her.
A lot of People say they love their spouse and children, and would do anything for them. However, some of those same people have no Life Insurance. You have to understand that life insurance isn’t meant for you! It’s meant for your spouse and children if the unthinkable were to happen. Act now, so that you can enjoy life not having to worry about your family’s financial future. #lifeinsurance#entrepreneur#familyprotection#financialfuture
Tidak peduli seberapa tinggi pendidikan,
berbakat, kaya, atau kerennya seseorang seperti yang diyakininya,
bagaimana cara dia memperlakukan orang lain pada akhirnya akan mengungkapkan dirinya yang sesungguhnya.
Integritas adalah segalanya.
Manners before knowledge.
Adab dulu, baru ilmu.
People get hung up on this ⚠️
Let’s simplify it.
When it comes to Life Insurance - a financial product that pays out a lump sum of money tax free to replace what would have been your future earned income - there are different types you’ll hear about.
💰 TERM LIFE - covers you for a specific time period, like 10, 20, or 30 years.
🤔 Works like car insurance - you pay a premium (around the cost of a utility bill) and IF you pass away, it pays out a benefit.
🤔 Otherwise, if you outlive the policy (which 98% of people do) then the policy just expires and you’ve paid the premium cost strictly for the protection during that time (when you still have all your income to earn ahead of you, may have young kids, and high balances on mortgages)
💰 PERMANENT LIFE - premiums are usually 8x to 10x higher than term life, but there is no expiration date on the insurance; it pays out WHEN you die and not IF you die (we all gotta go sometime!)
🤔 The other big part of these plans is that they build up cash value inside the plan, for you to use while you’re alive!
🤔 Cash value is not exposed to the stock market, has tax advantages, is protected from creditors, and has guaranteed compounding growth and can’t go down.
❓Which to choose?
The key 🔑 is to first get a plan that covers you with the RIGHT AMOUNT of coverage - Term Life - and THEN consider converting to Permanent Life as you want to diversify your assets (post real estate purchase, career building, etc.)
Many young folks purchase Term Life (lock in their age and health rating) and then convert a portion to Permanent Life over time to complement their Roth 401k or their Brokerage Account or their Real Estate Portfolio.
You don’t NEED life insurance when you retire and your kids are grown/independent and your mortgages are paid off. 🤓 But you should WANT some because if you HAVE Permanent Life in retirement, it allows you to best optimize your income streams ( #4percentrule nah F that more like 8% withdrawals!! 😱) as you divest from your equity / investment portfolio.
This is some advanced Financial talk and we at @90daymoneypro are ALL about helping folks make smarter financial decisions 💪
Good healthcare is blame free, shame free, and future oriented.
#Repost@bethanydietitian with @get_repost
If a person provides a healthcare provider with personal information about their life, current habits, etc. and then is shamed for any of this information and/or discriminated against based on this information....what is the chance that person is going to be truthful in the future or feel comfortable seeking medical care from this provider (or any provider) again? Where’s the validation? Where’s the compassion? This is NOT healthCARE. This IS health shaming and it DOES harm.
For those who make claims about the “failing” health of our country...let’s take a moment and think about the impact of shame and stigmatization within health settings on this failing health. And then let’s also examine shame and stigmatization in other settings. We cannot ignore the impact of shame, discrimination and stigmatization on health. We cannot ignore the impact of shame, discrimination and stigmatization on humanity. •
So often the individual is seen as the one failing AT health. Yet this only perpetuates shame, stigmatization and oppression. It’s the lack of health CARE and the presence of health shaming that FAILS us and our health.
3 1118 hours ago
My goal is to be the baddest mother fucker walking 👊🏾💣😎
6 1087 hours ago
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