Skip to main content

Do you have enough insurance?

 


Hello. Awesome, amazing, wonderful people. Cyril White, certified Financial Planner with Four Financial Management, where it is my mission to make as many of you as healthy and as wealthy as I can. I wanted to talk about a very serious topic with you today, which is do you have enough life insurance or asset or disability insurance to cover your loved ones if something bad were to happen to you? Unfortunately, it seems like there are a lot of illnesses and a lot of deaths going on in our world right now and you want to definitely make sure that you if something should happen to you, whether you're disabled, which there actually is more probability that you become disabled and can't work, versus dying abruptly, that your loved ones are covered. I've been doing this a long time. I've had many clients, friends and family members die, as I'm sure many of you have and I've seen a million dollars in life insurance for a family be dissipated very quickly. You might think you have enough insurance, however, like many client that we initially work with, you may not. If you don't know if you have enough, please see a professional and crunch the numbers! We'd be happy to help you. It doesn't cost you anything to get insurance quotes and to have a professional assess whether you do have enough coverage. So please make sure you have enough life insurance, disability insurance, or if you have liquid assets, liquid assets meaning assets that can be turned into cash quickly. Liquid assets would not include real estate or other assets that cannot be turned into cash quickly. If you have enough assets and you don't need to insure and you're basically self-insured, that's great. But make sure that you have enough so if something were to happen to you, your family will be covered. Thanks!

For 25 years I have helped families work towards their financial goals! 

  

Please contact me at (734) 725-2119 or cyril.white@fourfinancial.com if you have any questions or if there is anything we can assist you with! 

  

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.  All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.  The opinions voiced in this material are for general information only are not intended to provide specific advice or recommendations for any individual.  

  

Securities offered through LPL Financial.  Member FINRA/SIPC

Comments

Post a Comment

Popular posts from this blog

COVID will not stop us providing unique settlement solutions using structured settlement annuities!

I hope that you are doing well! We just FINALLY completed the settlement of a case for a minor (age 17) that we were initially engaged by our plaintiff attorney client in February 2021, to provide structured settlement annuity quotes! Although the claimant was very close to the age of majority the key to the case was not giving him all of the settlement proceeds, which was over $120,000, at age 18. Having been in this business for over 20 years I cannot tell you the number of sad cases we have witnessed where the young claimant receives their settlement proceeds at age 18 only to blow through all the funds before anyone can blink and make bad decisions with the proceeds! This case involved two liability insurance carriers Liberty Mutual and Member Select. We coordinated multiple rounds of document revisions and had to have a separate set of different documents for each insurance carrier. In addition, one of the carriers would not fund the annuity until we had a fully executed court ord
Post a Comment
Read more

Using a structured settlement annuity pre-suit

 We recently were engaged by the Guardian Ad Litem (GAL) in the case of an 11 year old boy who was struck by a care while riding his bike.  The father of the boy settled the case directly with the liability auto insurance carrier pre-suit and the GAL contacted us to ensure that the boy's settlement funds were handled appropriately. The case settled for a total of $65,000 and $59,000 was being allocated to the structured settlement annuity for the boy as follows: $5,000 paid immediately upon settlement $10,000 at age 18 $20,000 at age 21 $25,000 at age 25 $35,718 at age 30 this is total benefits of $95,718! The annuity was placed with a large life insurance company rated A+ by the A.M. Best rating agency and provided the family and GAL with the peace of mind that the young man would not receive the entire amount at age 18. In addition, due to the use of the structured settlement annuity, all of the interest gained during the payout period ($31,718 to be exact) is INCOME TAX FREE!  T
Post a Comment
Read more

9/17/2023 Weekly Market Performance

  Here is our research department's Weekly Market Performance analysis.  If you have questions or need anything else please contact me at (734) 272-4322 or cyril.white@fourfinancial.com  U.S. and International Equities Markets Mixed The major markets ended mixed this week as the utilities and consumer discretionary sectors led while information technology lagged following Apple’s challenges in China.  Developed international equities posted solid gains this week as European stocks have witnessed their largest gain in six months after the European Central Bank (ECB) signaled an end to its hawkish monetary policy. Next Wednesday, the Federal Reserve meets concerning monetary policy and interest rates.  We believe the Federal Reserve should highlight underlying improvements within the inflation dynamic. In addition, we believe the Fed will not likely declare victory but will probably highlight the risks to growth and inflation are getting into balance. According to the AAII Sentiment
Post a Comment
Read more