Car Insurance For College Students Away From Home
A man woke up this morning to realize that he had changed. Last night he was only 28 years old, alone in the bank with some wonderful cars and a beautiful car. Free debt, he lived with his parents, as if the world was in his palm.
This morning he realized that he was 53 years old, married with two daughters, in 20. One was two years away from college, the other was returning home with her 2-year-old child. His father-in-law, who had lived under one roof for four generations, had moved.
He loves his life և realizes that it is time to start reconsidering his financial plan. When her daughters were young, she bought a lot of term insurance. In fact, it was worth $ 1 million. He never bought life insurance because he knew he would make a difference in the stock market or any other investment that would be better than a life insurance policy.
When he reviews the previous plan, he realizes that he never makes a complete distinction between the term insurance and “life insurance premiums.” What he spoiled did not gain his expected interest. There are many reasons for that … the stock market crashed, interest rates in banks were low, business was also a bit slow.
This is what disappointed the man. He knew he could earn about 6% interest on his money if he had bought a lifetime insurance policy at the time. He knew that if he bought a whole life policy from the right insurance company, it would be possible to pay the whole life insurance premium for 10 or 15 years. stop (at least 10 years ago); թող then let the cash dividends pay the premiums for the rest of his life.
But nooooooooo. He sold life insurance. He understood the funding. Of course, he could buy a term and make a difference if anyone could.
Now I will be completely honest with you. The insurance period at that time in my life was all I could afford. If I could afford it all my life, I would buy it. Like most people in our country, I have never been a good saver.
Now, I’m at a point in my life where I hoped things would start to slow down, but it does not seem to be in God’s plan. If His plan is for my family և I continue to be in good health և not big money, I will take it. After all, my family would be in trouble if I died last night because the multi-million dollar policy is long gone.
Now is the time to start a new plan. You may be wondering, “Will he go for a term or a lifetime this time?”
I will actually buy both.
The fact has always been, will always be, “the only good insurance policy is one that is in effect at the time of your death.” The first rule of thumb when buying life insurance, however, is to take care of the need first. In other words, if a family needs $ 1 million in the event of a person’s death, they need $ 1 million in insurance. If everyone can afford a term, then so be it. One has to buy the term.
If you can afford $ 1 million for a lifetime,, they do not save well, then they have to buy for life. However, in my situation I have to buy each one. I need $ 1 million again today. : I have to force myself to withdraw the money. Since I can not afford all my life insurance at my age, this time I will be smarter to mix it up.
Conclusion. “In this country, only 5% of people can live on their savings.” This was true 30 years ago, and it is the same today.
#Confessions #Life #Insurance #Agent