Ladies Show True Love

Author: Kathy Formica

Ladies “Show True Love” by preparing for life events. It is not a matter of if they will happen, but when they will. If you fail to plan properly, then chances are you may face obstacles in life that will be very hard to overcome. Don’t fall into the mistake that someone else such as your husband, father, or kids will take care of things.

Life Events such as:

·Buying a Home

·Kids

·Education

·Weddings

·Disability / Illness

·Assisted Living

·Loss of a Loved One

With each Life Event comes a different responsibility. You probably planned for your wedding, then you and your spouse bought a home, before you knew it you had kids (good job to the ladies who planned!), You may right now being paying for College, and or a wedding for a child, God Bless you if you are in good health and see no long term disability or illness in the future, or some of you may be struggling right now from an injury or illness? If so how has your budget been affected?

Studies show that 1 out 2 of Americans will need some sort of Long Term Care or Assisted Living, are you prepared for the cost?

What if your spouse were to suddenly be gone? Do you have enough savings? What about Life Insurance? Do you know that a $500,000 Life Insurance Policy invested safely with a 10% return would net you about $50,000 per year or roughly about $3,800 a month after taxes? Ask yourself can you and your family keep your current life style on $3,800 a month? If not maybe you need more Life Insurance.

Term Life Insurance has been at an all time low and the chances are you may be able to either get more coverage or lower your current Life Insurance Premium.

Another mistake that we see people make is that a group policy from work is enough. Most group policies have a limit so please do not assume you have enough coverage with a group plan. Again, Proper Planning! Know what you have.

In my opinion buying Life Insurance is one of the best ways of showing “True Love” because a person spends their money so someone they love will be able to not go bankrupt or lose their home and or life style if they die. What greater gift but to give knowing someone else will benefit from your financial gift. I know it is hard to hear these words but please take some time and look at what you may need to change. Again Proper Planning can make a world of difference in your life.