Financial
Foundation
Foundation
What is Wealth the wealth formula
Money+
Time
+/_ interest
_inflation
_ Tax
What kind of action we should take to save our future.
Make Money
Save Money
invest Money
Protect Money
A contract between the insured and the insurer under which the insurer agrees to reimburse the insured for any losses suffered according to specified terms.
insurance policy
Permanent Life is
Term + Cash
Insurance that provides only death benefits, for a specified period, and does not provide for the accumulation of cash value.
Term Life.
What in Net Worth
Wealth-the total liability
Like building a house you should build your fincial foundation
Build it from the ground Up
What are Two main Life Insurance
Term and Permanent
The Policy owner pays a fixed, level premium and cash values accumulate at a guaranteed rate of return.
Whole Life
Death Benefit: Adjustable
Premium: flexible
Cash Value: Cap and Floor
Indexed Universal Life
What matters most is not how to make money but
How you manage your Money
How to build your Financial House
Investment
Emergency funds
Debt management
Proper Protection
what are the advantage and dicadvantage of Term
Advantage
Affordable
Disadvantage
No eqyutyCoverage ends
Death Benefit Adjustable
Premium Flexible
Cash Value 3%-5%
Universal Life
A term insurance policy that maintains a level premium throughout all periods of coverage while the amount of protection decreases.
decreasing term life insurance
The Maximum Satisfaction that your Money gives you { the purchasing power of money} Called
Real Money
What is the concept of wealth fourmula
Creatr wealth will take care of your wealth
Advantage and Disadvantage of Permanent INsurance
Disadvantage
High Payment
Advantage
Payment remain level
Equity build up, Coverage Never End
Life insurance that provides a master policy for a group; each eligible group member receives a certificate of insurance.
Group life.
A term life policy provision allowing the insured to renew the policy at the end of its term without having to show evidence of insurability.
Renewability
What are Most people depends on there retirement.
Personal Savings
Company pensions
Social Security
what are the most responsibly when we are yundg
Student Lorne
Debt
Mortgage
kids expense
Benefits under Social Security intended to provide basic, minimum support to families faced with the loss of a principal wage earner.
What is Social Security survivor’s benefits
Death Benefit: Adjustable
Premium: Flexible
Cash Value: Fluctuate with investment Options
Variable Universal Life
What are the Four cornerstones of a Strong Financial Future.
Growth
Safety
proper protection
Tax Advantage