Your Insurance Answers

Life insurance is something that you should include in your financial planning. And I want to present you some good reasons why everybody should do that:

The first reason: According to Social Security poll 21 of 100 percent of people need to be supported by their families or charities at the age of 66. Another 60 percent die at the age of 65. And imagine only 19 percent of people remaining financially independent when they reach the age of 66. That is why most of their families have to take the responsibility and watch after them when they have retired. Isn’t it would be easier to make a life insurance for yourself and your financing planning. And also insure yourself a quiet old years.

The second reason: Now I want to talk about those 19 percent of financially independent senior people. Their average annual salary is not greater than 30 000 dollars. Do you consider it to be a big amount of money? Is this amount of money is big enough to live their old age happily and without a feeling of need.
To make it more clear let us look at the average income of Californian residents. Only four of them have annual income that equals 30 000 dollars. So there are a great number of people that can have financial independence even after they have retired. And a good chance not to be dependent on their relatives.

The third reason: In last ten years it has become already a habit for senior people to start working again. And I actually know some occasions of 80 years old retirees who have started working again, because her financial plan has destroyed. And this could actually happen to everybody, because Market system in which retirees investing money is unpredictable. For example, Stock Market where people were investing money, had suffered a recent collapse due to economic depression.

The question is: can we predict the crash of the stock markets. The answer is – no and no one can, it does not matter if you are simple person or stock broker, or financial adviser.
The forth reason: We all know that life insurance won’t be as good for us as fund or stock. Yes, it won’t give you any profit, but it won’t collapse like any other banking system can. So it will be a very good investment into your future. You have to always keep in mind that in order to be financially insured in old age, you should start building your financial independence in young age. Make your life easier, solve one of your biggest problem – make yourself a life insurance and don’t be afraid to left broken in your old age.

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