The Other Sure Thing … It’s Never Too Early to Plan

Ben-Franklin-Data-Breach-small-728x373The Other Sure Thing

We've all heard the saying the only sure things in life is death and taxes.  And no matter how painful it is, over 148 million of us manage to get our tax returns into the government by April 15th every year.  Why?  Because Uncle Sam may impose hefty penalties if we don't.

So, what about that other sure thing?

Though we don’t like to think about it, all of us will make an exit sometime. And those we love may suffer if we are not prepared.  Eight-five percent of us agree that most people need life insurance.  Yet 30 percent of households don't have any life insurance at all.  When a household loses an income, life insurance may provide estate liquidity, help cover expenses, and potentially meet the income shortfall that may occur.  Life insurance is something most of us plan to take care of but it is easy to put off.

It's Never Too Early

One of my colleagues had a client years ago that constantly fought him when he suggested the client needed to buy some life insurance with his retirement plan assets to cover the cost of his death. He told him he was “healthier than a horse.”

The client's wife finally convinced him, and he visited his office one afternoon and resentfully threw a check on his desk.  That client died in a car wreck on his way home that afternoon.

Thanks to the life insurance policy the client had bought, his wife paid off the mortgage and his daughter attended college as planned.

Make sure you are having these important conversations with your prospects and clients.  The Circle of Wealth® system can help you communicate the many benefits of life insurance. Please contact us if you have questions!

About MoneyTrax:
MoneyTrax, Inc. was founded in 1994 by Don Blanton and has gained national recognition for its unique financial planning approach, intuitive client presentation software, advanced training, and effective marketing tools. Since inception, MoneyTrax, Inc. has helped thousands of financial advisors nationally better serve their clients by providing the tools and training necessary to educate and increase their client’s financial Circle of Wealth®. The Circle of Wealth® system significantly expands the financial advice available to a family beyond the industry accepted approach used by most advisors today. Click here to learn more.

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