We live in an erratic and ever changing culture, and the only thing certain about this world is that it is unpredictable. The world’s financial markets are unstable, morality is declining, marriage is indefinable, basic health care needs are unaffordable, nations’ bureaucratic systems are a political mess, and high taxes is legal theft. People are ill prepared and unequipped for the challenges that confront us. Can we depend on our nation’s leaders to lead this country out of the spiral downhill spend?
What can individuals do to ensure their future success? Do we have to participate in the recession if we do not want to? Emphatically, NO! You do not have to accept any package…send it back to sender. This is the time to rise up and take full control of your life-health, finances, business, marriage, etc. and declare that you are not going to become a victim of society. Although, the world system seems to be on shifting sand, your life does not have to be. You can decide to make a strong move toward a brighter tomorrow by making the right decisions today. This may sound like an advertisement for some product or service, but I assure you that the only ones benefiting from this information are the readers.
What do I need to do in order to secure my future and legacy for my children and grandchildren? Securing your future starts with securing and protecting your assets. Investigate your need for insurance. As simple as this answer may appear, I believe it is the easiest and surest way to protect your family from loss of income and property and at the same time ensuring enough money for your family to live after you are gone.
Insurance is needed because of how unpredictable occurrences are and people generally do not have the kind of money that can pay for accidents where their cars may need to be replaced, hospital care is necessary, property needs repair resulting from unforeseen damage, or the loss of wages due to illness or death. I am not a complete advocate for insurance in general because of its rising cost and laws that protect insurance companies when negligent; but I am all for what it provides. My future is important, not only to me but also for those who depend on my existence to provide for them.
Too many people lack adequate life insurance. Studies show that 40 percent of American adults have no life insurance whatsoever and over 50 million people in this country lack adequate life insurance. Although each type of insurance is different, the basic principles are the same. The more limited the possibilities, the simpler it is to establish a premium for insurance companies. Nonetheless, the need for insurance is an absolute must. Even if you have a savings of millions, one illness can deplete your funds or one lawsuit against you can strip you of everything you own.
MORTGAGE PROTECTION AND HOMEOWNERS INSURANCE
When is a house a home? A house is more than just a “house,” when you’ve laughed in it, cried in it, and lived in it. It’s a home-your home because your memories are locked away and stored there. If something should happen to you, will it remain with those who have shared the memories with you? A life insurance plan can ensure that your home stays with your loved ones.
PROTECTING FAMILY INCOME
When you have worked hard to bring your family’s standard of living up to where it is it is worth safeguarding. You should never be willing to give up the results of your hard work no matter what. Earning capacity goes when you do! There is a way to guarantee that your family will never have to sacrifice the standard of living they have been to accustom to enjoying, whether you are here or not. Life insurance is the answer.
There is a story in the Bible about a widow whose husband was in ministry, died, and left his family with no means of support – which is a true depiction of what happens all too often today. When her husband died, so did their family income. Her creditors came looking for their money, but she used everything they had to bury her husband. In times of antiquity, if a debt that was owed could not be paid, the debt collectors could confiscate their children and make them slaves for seven years in order to satisfy the debt. Thank God, this law is no longer in existence. If it were, would we then consider the importance of having insurance to protect our family when we are gone? Your legacy is for those you leave behind, but your detriment can paralyze your family for generations.