We have tried to challenge and inform the readers about LIAM and the role Life Insurance plays in America today.
Here is another Challenge
Can you name two massive companies and the company founders that either started their business or saved their business using the cash value found in their Life Insurance policies.
Disney
Walt Disney helped fund Disneyland in California using cash from his personal life insurance policy
J. C. Penney
James Cash Penney saved his business in the great depression by meeting payroll with the cash value in his life insurance policy. Yes James Cash Penney was his real name
In fact it was the life insurance industry that help put the banks back on their feet during the Great Depression
Another example is the founder of The Pamper Chef helped found the company using her cash value Life Insurance
There is no doubt that many other companies owe their survival to the Cash value within a life insurance policy.
When properly structured and funded the income taken from a cash value Life insurance policy comes out 100% Income Tax free
Showing posts with label Life Insurance Awareness Month. Show all posts
Showing posts with label Life Insurance Awareness Month. Show all posts
Tuesday, September 17, 2013
Monday, September 16, 2013
More Info On Life Insurance Awareness Month (LIAM)
Did you know that almost one quarter of American savings are in the form of Insurance Company products?
They are split between Cash Value Life Insurance and Annuity products.
What is it that they know that you don't?
Want to come up to speed on what the new products can do for you?
The amount of Death benefits life insurance claims payments in 2011 exceeded $60 Billion. This amount would be even higher if you add the payments made to Living policy owners !
The cash payments from annuity contracts equaled over $75 Billion in 2011. Much of those assets and payments are paid out from contracts that protect the policyholder from Market Risk! That's why much of the savings are managed by insurers in the first place. How much better could you sleep at night if you know at least a significant portion of your assets and income were protected from Market Risk. That is why these products are called Safe Money Products
How much of your assets and income are protected from Market risk?
Should we talk about implementing a Safe Money Strategy for some of your assets??
They are split between Cash Value Life Insurance and Annuity products.
What is it that they know that you don't?
Want to come up to speed on what the new products can do for you?
The amount of Death benefits life insurance claims payments in 2011 exceeded $60 Billion. This amount would be even higher if you add the payments made to Living policy owners !
The cash payments from annuity contracts equaled over $75 Billion in 2011. Much of those assets and payments are paid out from contracts that protect the policyholder from Market Risk! That's why much of the savings are managed by insurers in the first place. How much better could you sleep at night if you know at least a significant portion of your assets and income were protected from Market Risk. That is why these products are called Safe Money Products
How much of your assets and income are protected from Market risk?
Should we talk about implementing a Safe Money Strategy for some of your assets??
Thursday, September 12, 2013
More news from Life Insurance Awareness Month (LIAM)
More neat Facts for LIAM
Over 75,000,000 families in the US rely on Life insurance for family protection
Are you inside that Circle of Protection or outside? If not inside Why not???
US Life Insurance Companies pay out $1.5 Billion every day in benefits!!
That's a close second to Social Security which pays out $1.9 Billion per day.
At least with Life insurance we know there are the assets to back up the full value of their future obligations.
Life Insurers have to have over $100 in assets for each $100 in obligations
The banks FDIC Reserve have less than $5-10 in reserves for every $100 in insured Deposits!
The Federal Government has well over $17 Trillion in Deficit to guarantee or let me say back up their obligations.
In the past 13 years almost 500 banks have gone bankrupt in the USA
In that same time only a handful of Insurance companies have needed to be taken over.
Over 75,000,000 families in the US rely on Life insurance for family protection
Are you inside that Circle of Protection or outside? If not inside Why not???
US Life Insurance Companies pay out $1.5 Billion every day in benefits!!
That's a close second to Social Security which pays out $1.9 Billion per day.
At least with Life insurance we know there are the assets to back up the full value of their future obligations.
Life Insurers have to have over $100 in assets for each $100 in obligations
The banks FDIC Reserve have less than $5-10 in reserves for every $100 in insured Deposits!
The Federal Government has well over $17 Trillion in Deficit to guarantee or let me say back up their obligations.
In the past 13 years almost 500 banks have gone bankrupt in the USA
In that same time only a handful of Insurance companies have needed to be taken over.
Monday, September 9, 2013
Life Insurance Awareness Month Contest
Last week I said I would answer the questions
Who invented Life insurance?
When was it invented?
We do not have a winner but I promised you the answer so here goes.
Life insurance was invented about 1500 years ago!
It was invented by the Romans!
The purpose then was the same that it serves today!
It helps a family pay for the burial of a loved one and it also provides some financial help for the family of the deceased!
The past is our best teacher!
Do you have enough Life insurance?
Is the policy going to last as long as you do?
I started working with a client in late July. He wanted $250,000 in coverage. At the time he was insurable although he was rated sub standard. The client dragged his feet until late August where he ended up in the hospital for about one week. Today and for at least the next year he is basically uninsurable and could not get even $50,000. If he wants to buy now he will pay several times more for $50K than he would have had to pay to get $250K if he had signed the contract in July.
Is there a moral here? Of course there is! Are you adequately insured?
Who invented Life insurance?
When was it invented?
We do not have a winner but I promised you the answer so here goes.
Life insurance was invented about 1500 years ago!
It was invented by the Romans!
The purpose then was the same that it serves today!
It helps a family pay for the burial of a loved one and it also provides some financial help for the family of the deceased!
The past is our best teacher!
Do you have enough Life insurance?
Is the policy going to last as long as you do?
I started working with a client in late July. He wanted $250,000 in coverage. At the time he was insurable although he was rated sub standard. The client dragged his feet until late August where he ended up in the hospital for about one week. Today and for at least the next year he is basically uninsurable and could not get even $50,000. If he wants to buy now he will pay several times more for $50K than he would have had to pay to get $250K if he had signed the contract in July.
Is there a moral here? Of course there is! Are you adequately insured?
Wednesday, September 4, 2013
LIFE INSURANCE AWARENESS MONTH / Contest
September Is Life Insurance Awareness Month (LIAM)
Just for fun I have a contest.
Insurance agents are excluded from this competition.
Who Invented Life Insurance?
Approximately when was it created?
Answer will follow in a couple of days. Maybe we will come up with another contest later in the month!
Just for fun I have a contest.
Insurance agents are excluded from this competition.
Who Invented Life Insurance?
Approximately when was it created?
Answer will follow in a couple of days. Maybe we will come up with another contest later in the month!
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