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.

What’s Your Money Story?

What’s Your Money Story?

money stepsHave you ever thought about why your relationship to money is the way it is? Everyone has a story about it. You can’t make enough; it’s hard; I am never paid what I am worth; I make a lot but have nothing in the bank to show for it. It’s like an endless staircase. Are you stepping UP to your cause of a life of unlimited joy and freedom? Continue reading “What’s Your Money Story?”

Why It’s Important to Have Worker’s Compensation Insurance

Why It’s Important to Have Worker’s Compensation Insurance

males-1002779_1280Worker’s Compensation is insurance that covers an employee in case of injury on the job.  Employers are often looking for ways to cut costs and consider skipping having worker’s compensation insurance as it is often quite expensive, especially in industries such as construction, trucking, and other industries with a greater risk of injury.  This is not only unwise, it is illegal in most states.  The following rules apply in California:

1.  It’s a Crime:
Failing to have workers’ compensation coverage is a misdemeanor punishable by either a fine of up to $10,000 or imprisonment in the county jail for up to one year, or both. Additionally, the state issues penalties of up to $100,000 against illegally uninsured employers.

2. Stop Order:
If the state labor commissioner determines an employer is operating without workers’ compensation coverage, a stop order will be issued. This order prohibits the use of employee labor until coverage is obtained, and failure to observe it is a misdemeanor punishable by imprisonment in the county jail for up to 60 days, or by a fine of up to $10,000, or both. The Division of Labor Standards Enforcement will also assess a penalty of $1,000 per employee on the payroll at the time the stop order is issued and served, up to $100,000 (Labor Code section 3722(a)). Continue reading “Why It’s Important to Have Worker’s Compensation Insurance”

Your Cash Formula

As women in business we are always on the go. We know how to make the money, juggle the family schedules, take care of our sick and run the household as well as the office. But, who will be able to take care of us if we fall ill? The question now becomes: what is my cash flow formula? We are led to believe that tax deferred or precious metals are the end-all. The largest concerns for women today are “Not Outliving Our Money” and” No Loss Of Principle.”

How about liquidity? Not only do we need to diversify but we need access to funds without penalties; e.g.

Liquidity- A misnomer in that liquidity gets confused with equity.
Liquidity is immediate access to cash. Continue reading “Your Cash Formula”