What is Your Greatest Asset?
What is your greatest asset? What is the most valuable thing you possess? Your car? Your home? That 200 inch, super deluxe, mega 4k, 1080p, OLED, retina, high definition, smart flat screen TV? Nope, none of those! It’s you! You’re ability to work and bring in an income is your greatest, most valuable asset!
Backup Plan? What’s That?
So what is your backup plan? If you get sick, injured, or ALMOST die but don’t? Do you have a significant savings plan? No, not for retirement, but for emergencies. How are you going to pay the bills if you have a chronic illness, a critical illness, or a terminal illness and can’t work?
Did you know the median American household has only $11,700 in savings? But this number is a little skewed because it’s taking into account a wide range of income levels and households. Do you have more or less than $11,700? How long would that amount last before you would be FORCED back to work? Would you even have time to take off of work?
But I Thought I Already Had Life Insurance!
If you’re like the average American, there were probably a lot of negative answers to my questions above and perhaps a little stress. Don’t worry, as I said, most people are in the same boat when it comes to these questions. So what do we do when the unexpected happens? Not the worst, because the worst is death. Most of us have death insurance. But what about the ALMOST worst? Do we have life insurance – that is, insurance that will pay us for living through something that should have killed us?
Okay, you’re probably totally confused right about now, but stick with me. I’ll explain the difference between life insurance and death insurance in a minute. But first, let’s talk about what the average person does when the almost worst happens – including myself when I went through that exact situation.
BOOM! Financial Landmine!
Most people work really hard to try and put money away for retirement. They build it up in a 401(k) or IRA or some other qualified vehicle. Or they come and work with me and I help build them a nice tax-free retirement nest-egg in an indexed account. Life is good, retirement seems to be taken care of and then…BOOM! Bump in the road! They have a heart attack, stroke, cancer diagnosis, ALS, kidney failure, car accident, or one of a million other random, unexpected negative life events. They can’t work for an extended period of time or maybe ever again. What do they do?
Well, I’ll tell you what I did when that happened: my wife and I cleared out our 401(k)’s and our savings. We sold things like crazy. We cut back on the niceties of life to help replace the 55% of our household income that we lost overnight. And that’s what most Americans would do. And it’s sad! You spend all this time saving for your future and now not even your future is secure! Plus, you’ve probably lost a lot of money – too much, really – to fees, taxes, and penalties. And the final insult to injury? You can’t even afford Netflix to binge watch Star Trek while you recover!
Just Existing vs Actually Living
The next step after the initial shock: suffering. My family and I suffered for years as we used up our resources, saved our tax returns to spread out over the year, and cut back on virtually anything considered “non-essential.” That included Christmas, birthday, and anniversary presents for me and my wife to make sure we could afford dollar store gifts for the kids. We also sometimes skipped purchasing medications for me that we considered as “non-essential” to sustain my life because we could not afford the copay. We also had to rely on help from our church at times.
We are obviously past that stage in our lives, but I still wish we had known about life insurance and not had death insurance. “What do you mean,” you ask? Well, we both had insurance that would pay out a benefit if one of us had died. In fact, we both had half a million dollars on each of us. Most people call that life insurance. But if it only pays out when you die, shouldn’t it be called “death insurance?” What I wish we
I Can Get Money For Living Instead of Dying?
Yup! You see, with living benefits life insurance, you can actually file a claim and receive money from the face value of your policy. As an example, if I had Living Benefits Life Insurance when I had become disabled, I could have received up to $375,000 in one lump sum or up to $9,000 a month for 50 months! Read that last sentence again. My first thought when I learned about what could’ve been was, “Why didn’t anyone tell me about this before?!” What was your first thought?
Okay, so I know what you’re thinking right about now; “Coulda, woulda, shoulda’s are nice, but will the company REALLY pay when it comes time to show up?” Yes! They will! We have dozens of recorded testimonies of individuals who actually took advantage of their Living Benefits policy and thousands more who have done the same and have quietly thanked us for educating them about Living Benefits and then introducing them to the companies who provide Living Benefits
Need Proof?
Take a look at this video below to see Nicole, just one of my many colleagues, and her story of helping Cornelia get and use her living benefits when she needed them most!
What an amazing story! Cornelia didn’t think she needed life insurance. However, once Nicole explained the reasons that owning Living Benefits life insurance made sense for her, Cornelia immediately saw the value as a “no-brainer”. A few months later, that decision proved to be, as she says in the video, one of the best she’s ever made.
Yes, Living Benefits allowed her to quit her job, start a dream career, travel the world with her daughter, and pay for the kind of treatment she wanted – not the limited care that her health insurance would pay for! To this day, whenever Cornelia sees Nicole, she tells Nicole that she is her hero! If you’d like to see more amazing true stories of how Living Benefits Life insurance – life insurance that’s been reinvented – has helped others, click here.
So What’s Next?
Let’s connect and continue the conversation! Leave your comments or questions below or feel free to connect directly with me! Better yet, attend one of our FREE Financial Self-Reliance Classes online and learn a little more from the comfort of your own home! Any way you prefer to do it, I’d like to hear from you and know your thoughts or questions.
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