Life insurance for yourself is not just for your family to pay off the mortgage, pay for education, and replace your income in case you die soon. It is for You and Your Family if You Live to Long.
Let me you these 7 questions:
1. If you die to soon or live too long, will your family be Enriched or Impoverished?
2. Do you have Solutions already in place for your Business or Family you leave behind?
3. Do you have Personal or Business Debt so vast that you see no way out?
4. As the Owner or Partner of a Business, is there an Executive or Key Employee Benefit Plan in place?
5. Were you taught how to buy Life Insurance or How Money Works when you were in school?
6. If you have children, do you have a Solid Plan that will Provide Funds for them to attend College?
7. Do you have a Strong Emergency Fund or Retirement Fund that is growing exponentially every year for you?
USING LIFE INSURANCE TO ELIMINATE YOUR DEBTNot your granddad’s life insurance
Many financial advisors will tell young adults with few financial responsibilities that an inexpensive term policy is all you need to relieve your family of any financial strain your unexpected passing may bring.
This is an outdated and short-sighted view of what life insurance can offer. Today’s life insurance offers many versatile options – they may be flexible, portable and designed to help insulate you (and your family) from future financial uncertainty at death, but equally important, during life.
Think about this: a young adult who has purchased a 10- or 20-year term policy may experience much higher premiums for the same policy if they outlive the initial term period (as they are statistically likely to do)4 and will have no cash benefit to show for their years of paying premiums.
Life insurance can help protect your future financial security
With permanent life insurance, you generally pay a higher initial premium than for term coverage – with good reason. The premium you pay on top of the cost of life insurance coverage and other policy expenses goes into a cash accumulation account, grows generally income tax-deferred5, and can be accessed generally income tax-free6 later in life while keeping your life insurance coverage intact. Down the road, you’ll be able to tap the cash value of the policy, generally income tax free7, and use it to help reduce your debt.
Financial planning is about creating future financial options for yourself. Preparing today – when you’re young and healthy – means you’ll be in a better position to weather the storms to come – because it’s not “if,” it’s “when.” And, if something unexpected happens to you, you won’t leave your family burdened with your debt. Can life insurance be used while living? Hear AIG customer Chris Edwards tell his story and see how it did by clicking HERE if you do not see video below. Askew Executive Services can Help you and your Family in all of these areas and more with our partnership with Mpower Street Financial LLC. Log on to www.MPStreets.com to see the tools we use for Strategic Solutions to many of these Individual, Family and Business concerns. I will work with you to help you accomplish your future financial goals every step of the way. You can make an appointment to speak to Daymon Askew your Wealth Strategist personally about these concerns by setting up an appointment at Calendly.com/DaymonAskew. Click HERE to see a 15-minute video that will open your eyes To The Best Retirement Plan You Never Heard Of. We can help you establish this for yourself.
INDEXED UNIVERSAL LIFE INSURANCE
Ideal for those who need death benefit protection but are focused on cash value accumulation for lifetime needs such as supplementing retirement income.Increasing the death benefit may be subject to additional underwriting approval.OFFERS
- Flexible death benefit
- Flexible premium
- Cash value grows based on an interest crediting strategy that is tied to changes in a market index such as the S&P 500.
- Downside protection through minimum guarantees to ensure that your cash value will not decline due to decreases in the Index.
See these videosHEREand HERE to see how an IUL works to build wealth and provide for your family.
SAVE BIG ON MEDICAL EXPENSES!!!!An Affordable Option for your Everyday Health Care Needs. Click HERE and see an interview that Kathy Ireland did on a great affordable option.
Are you looking for a way to save money on your Medical Expenses including Dental, RX, and Much, Much More without or to complement your existing Health Insurance Plan? Log on to www.dpbrokers.com/147440.dp and see the Great Benefit of Having a Medical Discount Plan, Dental Discount Plan and a TeleDoc Program that will save you Thousands of Dollars.
Don't take my word for it. Listen to what a well known Financial Figure says about it HERE and below.
See how this Family saved Thousands on their Dental Work.
Remember, it is not just Dental Savings Plans but Medical, and More. At