08/10/2021
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The 10.10 sale is around the corner and you are probably thinking of spending it on more clothes, bags, shoes, etcโฆ It is never enough...
But when an advisor tries to sell you insurance, your first response is probably โNopeโฆ I have enough! I donโt need any more insurance!โ.
Why is that? We all know that insurance is important because it gives us the peace of mind we all need but at the same time we tell advisors we have enough, we don't need more.
Here are some reasons why you should buy insurance before the year ends:
๐๐ฎ๐๐ซ๐ญ๐๐ซ ๐ ๐ข๐ฌ ๐ญ๐ก๐ ๐๐๐ฌ๐ญ ๐ญ๐ข๐ฆ๐ ๐ญ๐จ ๐ฌ๐ข๐ญ ๐๐จ๐ฐ๐ง ๐๐ง๐ ๐ซ๐๐๐ฎ๐๐ ๐๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐ฉ๐๐ง๐๐ข๐ง๐ ๐ฌ.- Let's be honest, the last three months of the year are when you spend most on treating and rewarding yourself. Why not convert some of these extra expenses into a policy that gives you and your family peace of mind? It's the best time to plan for 2022.
๐๐จ๐ฎ ๐๐ฑ๐ฉ๐๐๐ญ ๐ญ๐จ ๐ก๐๐ฏ๐ ๐ฆ๐จ๐ซ๐ ๐ฅ๐ข๐๐๐ข๐ฅ๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐๐. - Whenever your liabilities increase, for example you intend to buy a new house in 2022, you need to purchase some term insurance to cover the loan in case something happens to you. This protects your loved one from unintended liabilities in the future.
๐๐จ๐ฎ๐ซ ๐ข๐ง๐๐จ๐ฆ๐ ๐ฆ๐ข๐ ๐ก๐ญ ๐๐ก๐๐ง๐ ๐. - With the economy and businesses starting to pick up, 2022 might look like a more promising year. This also means if your income increases in 2022, the amount of life protection (10x annual income) you require should increase as well.
๐๐ก๐ ๐๐๐ฌ๐ญ ๐ ๐ข๐๐ญ ๐ญ๐จ ๐๐ฎ๐ฒ ๐๐จ๐ซ ๐ฌ๐จ๐ฆ๐๐จ๐ง๐ ๐ฒ๐จ๐ฎ ๐ญ๐ซ๐ฎ๐ฅ๐ฒ ๐๐๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ข๐ฌ ๐ ๐๐ฅ๐จ๐ฐ ๐จ๐ ๐๐จ๐ง๐ฌ๐ญ๐๐ง๐ญ ๐ข๐ง๐๐จ๐ฆ๐. - Instead of spending your money on the 10.10 sale, why not invest the money in an annuity that gives your future generation a consistent flow of income?
๐๐ง๐ฌ๐ฎ๐ซ๐๐ง๐๐ ๐ฐ๐ข๐ฅ๐ฅ ๐จ๐ง๐ฅ๐ฒ ๐ ๐๐ญ ๐ฆ๐จ๐ซ๐ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐ฏ๐ ๐ง๐๐ฑ๐ญ ๐ฒ๐๐๐ซ - Remember, the best time to buy insurance was yesterday because insurance only gets more expensive as you age.
If you are a client reading this, sit down and speak to your financial advisor today and read up to self educate. It is always better to start early.
If you are a financial advisor reading this, share this with your clients and friends who you think should be aware of this.
If you are a financial advisor looking to upgrade yourself to better value add your clients, come join me at Final Sprint 2021: https://bit.ly/3alBaoO