Tag Archives: Whole Life Insurance
“The greatest gift you can give your family and the world is a healthy you” – Joyce Meyer
Over a century’s worth of research underscores the link between life expectancy, physical health and strong, healthy family connections. The researchers behind a new meta-analysis conclude family support can increase survival by up to 50 percent. Moreover, exercising or losing excess weight turns out to be less important to physical health than interpersonal social networks.
The researchers analyzed results of studies going back to the early 1900s with a total of 308,849 participants. Strong family connections were found to help improve health and extend life expectancy by protecting individuals from stressful situations or establishing a standard of healthy living.
A strategy to protect the value of your legacy
The Preserve your wealth strategy is designed for individuals who:
- Have built-up significant wealth in capital assets
- Have a second property that has appreciated in value
- Want to keep a vacation home in the family
- Are worried about leaving their family with a large tax burden
- Want to leave their full estate to heirs or favourite charity
- Want to provide funding for final expenses, outstanding debts, legal fees and taxes
You have worked hard to achieve a degree of financial success. As each year passes and you become financially independent,
Years ago, we could secure employment where you did your job and went home in the
evening to enjoy your family time. Now it’s a crazy life with a frantic pace, which we call progress in a 24/7 world.
Most employers are asking their employees to work longer hours, earning less money and with little assistance. We live in an age where we have instant access to emails, text messaging and abundance of information at the tips of our fingers. One would think with this we would have more time however it has been proven to have caused the opposite. Inundated with so much information, we sometimes find it more difficult to make a decision on the simplest tasks.
In regards to life insurance there are two basic types, one being term and the other permanent. Term insurance provides life insurance for the amount of time that the policy holder specifies. If the insured dies within the specified time, the face value of the policy will be given to the beneficiary, however if he does not die within that time span and the policy is not renewed, then nothing will be paid out. Permanent life insurance on the other hand, provides insurance protection for the policy holder’s life span, as well as a savings element. There are two common types of permanent insurance: whole life insurance and universal life insurance.
Permanent is more expensive to own than term insurance,