Life Insurance As An Asset?

Life Insurance As An Asset?

 

life insurance

Life Insurance. When you think of assets what comes to mind? When thinking about your future money the more diverse the assets the better. Most people like bonds,fixed or cash products because they are SAFE! What happens when “LIFE” throws you a curve-ball?

 

You may have been diagnosed with an illness and now you need to start dipping into that bucket. Now you face depleting that bucket and can you or will you ever be able to replace that outgoing money?

 

Let’s look at another asset that could perform in many “curve-ball” instances, one that you may not even be aware of, one that can used for a plethora of “Life Situations”

It is Life Insurance!

Are you surprised? The reality is that most people aren’t taught the beauty of Life Insurance as an Asset Class. Its looked upon as an expense. Canceled first if financial stress happens as if it were a gym membership.

The problem with that is you are only able to get Life Insurance if you are healthy and the younger you get it, the less expensive it is.

Q: Where did people have their money during the great depression?

  1. Bank
  2. Cookie jar
  3. Insurance Company

Fact; During the great depression the only people who were financially comfortable had all of their money in INSURED  INVESTMENTS! AKA; Life Insurance!

When constructed correctly with the correct company it could be one of the greatest assets you can provide yourself with. It can also protect your business, your family and You in case of an unforeseen illness. This is so personal and when structured correctly with your individual needs, it could give you everything you ever need for a financially comfortable future.
Let’s have a discussion about this. Its Life Changing.

Life Changing

By Lu Casillas

This can be Life Changing. 

$100 in cash 5x20

Let’s talk about your children, grandchildren,nieces and nephews. How would you feel if you could create a

“Life Changing” situation for them that is positive and protects them throughout their lifetime? Some verbs that come to mind are: Rejoice, Savvy, Surprise and Pleasure. 

Either we are unaware that it can be done or we are advised of a plan that is great for education but cannot be used for anything other than education. Let’s get realistic. We may want our children to go to college, however, today there is no guarantee. We have generations of High-Tech Brainiac’s, entrepreneurs and incredibly gifted young people and some have no desire or reason to go to college, or It interferes as an asset and can be used against you when trying to get funding or scholarships.

So what happens with the money locked up in that “College Plan”? Well, I interviewed a bank manager and this is what was told to me verbatim. “Well, you could go back to school or give it to another kid that wants to go to school.” In reality if it isn’t used for education you can take it out pay all the taxes and now do what you will with it.

 

What if I showed you that with as little as $100 a month you could create amazing possibilities for a child’s future? Possibilities that could be life changing. If an injury or illness arises, there is money in place to handle costs.

 

It could be used for college, a wedding ,a first home, future Tax-Free Lifetime Income and its not looked at as an asset when applying for scholarships or loans. Could you get excited? Would you reach out to me? It’s time to learn about this amazing plan.

Reasons to Consider Applying for an EIN as a Sole Proprietor

Reasons to Consider Applying for an EIN as a Sole Proprietor

1642247An EIN (Employment Identification Number) is assigned by the IRS for businesses that have registered as any type of entity (corporation, partnership, trust).  It is the number used to identify the business for tax purposes, and to allow the business to open financial accounts with the business name.

As a sole proprietor without any employees, you would never have to register for an EIN.  However, I recommend that you do register for this identification number.  You are probably wondering why I recommend this to you if there is no requirement to do so.  My response is for your protection. Continue reading “Reasons to Consider Applying for an EIN as a Sole Proprietor”