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Who needs Life
Insurance?
By Ellen “Sam” Scheer
How many of you plan to
die? Oh…..really…..ALL of you!
Imagine that!
Yes we are ALL going to die. Life
insurance is to help the living
after you die.
However….most people are
confused about the different
types of life insurance and
which is the best to have.
The first kind that most people
know about is
group life
insurance
that you get when
you work for a company. It is
very inexpensive and is great to
have. The part that is not good
is that you have to die while
you work for them for it to pay
out. You do not own this policy.
And, when you retire, you have
no life insurance.
Term insurance
is the cheapest
way to get life insurance on
your own. You buy it for a
specific term like ten years,
twenty years, or thirty years.
If you buy term you are telling
yourself that you are going to
die within that term. After the
term you have no life insurance
even though you paid for all
those years. Think of term
life insurance like renting an
apartment. After you move
out, you don’t get money back.
Whole life and Universal Life
are permanent life policies and
are also cash building. Think
of these policies as buying a
house. You build equity in
SOAR TO SUCCESS
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A
ugust
2016
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Personal Growth Strategies