Insure Your Life
_When you were a kid, you probably heard your Mom say, “Oh, he thinks he’s invincible.” As kids, most of us did. After all, most young people don’t realize that life happenings like severe illness, accident or death even exist until they see them happen to someone they love.
By the time most of us become adults, we realize life happenings are life. The best course of action is to be prepared. In the financial realm, this means recognizing the importance of insuring your life, health and property.
Insurance is never a popular investment topic. After all, it’s not glamorous and it acknowledges that bad things can happen to good people. However, ignoring the realities that come from living in our world is setting you and your family up for potential financial disaster. Maintaining adequate insurance coverage is one of the smartest ways to invest in your future.
There are three major types of insurance any financially savvy adult should stay on top of. Health, auto and life insurance offer a wide margin of choice. Unlike home insurance, which is often rolled into a mortgage and carefully evaluated by the bank prior to approval, these insurance options can be low balled based on our personal choice.
For the financially savvy person looking to invest in a better future, getting the maximum in coverage is one of the smartest moves you can make.
Auto insurance is required by the state, in order for you to operate a motor vehicle. However, if you subscribe to the most basic coverage and end up in an accident, the other party can sue your personal wealth to cover the remainder of their costs. That means that all your hard earned investments you so carefully acquired could be in jeopardy – all because you didn’t take the time to adequately cover yourself.
Health insurance is another major culprit. Even if you have health insurance individually or through your company, many health plans have a maximum liability they will cover. If you or your loved ones need serious medical attention, not having the correct amount of health insurance coverage is one of the fastest ways to deplete your assets.
Finally, life insurance is an insurance very few people really want to think about, because who wants to consider what would happen in the event of their death? Or their loved one’s death? The fact of the matter is, though, that death is yet another expense. The cost of a funeral is sky high – have you checked the price of caskets lately?? – not to mention the liability on existing debts you or your loved ones may carry. Covering yourself and your family in the event of death is an important way to protect and invest in your life.
Don’t gamble when it comes to insurance. Too many people decide to leave this important protection to chance, either through inadequate or non-existent coverage. In the case of insurance, it’s never a waste of money to be over protected. The real cost comes when you haven’t protected yourself enough.
By the time most of us become adults, we realize life happenings are life. The best course of action is to be prepared. In the financial realm, this means recognizing the importance of insuring your life, health and property.
Insurance is never a popular investment topic. After all, it’s not glamorous and it acknowledges that bad things can happen to good people. However, ignoring the realities that come from living in our world is setting you and your family up for potential financial disaster. Maintaining adequate insurance coverage is one of the smartest ways to invest in your future.
There are three major types of insurance any financially savvy adult should stay on top of. Health, auto and life insurance offer a wide margin of choice. Unlike home insurance, which is often rolled into a mortgage and carefully evaluated by the bank prior to approval, these insurance options can be low balled based on our personal choice.
For the financially savvy person looking to invest in a better future, getting the maximum in coverage is one of the smartest moves you can make.
Auto insurance is required by the state, in order for you to operate a motor vehicle. However, if you subscribe to the most basic coverage and end up in an accident, the other party can sue your personal wealth to cover the remainder of their costs. That means that all your hard earned investments you so carefully acquired could be in jeopardy – all because you didn’t take the time to adequately cover yourself.
Health insurance is another major culprit. Even if you have health insurance individually or through your company, many health plans have a maximum liability they will cover. If you or your loved ones need serious medical attention, not having the correct amount of health insurance coverage is one of the fastest ways to deplete your assets.
Finally, life insurance is an insurance very few people really want to think about, because who wants to consider what would happen in the event of their death? Or their loved one’s death? The fact of the matter is, though, that death is yet another expense. The cost of a funeral is sky high – have you checked the price of caskets lately?? – not to mention the liability on existing debts you or your loved ones may carry. Covering yourself and your family in the event of death is an important way to protect and invest in your life.
Don’t gamble when it comes to insurance. Too many people decide to leave this important protection to chance, either through inadequate or non-existent coverage. In the case of insurance, it’s never a waste of money to be over protected. The real cost comes when you haven’t protected yourself enough.