If you purchase a term policy make sure it is 100% refundable at the end of the term. Insurance carriers scale with term with only 2% of people actually receiving the death benefit from them.
In other words, decide if you want to make a donation to the carrier (most likely) or use it as a retirement savings plan for your frivolous spending.
It’s okay to live in the moment but be sure to take care of your older self too. That’s self-love and self-love is the true wealth.
There are also term products that offer living benefits so if you experience a terminal, chronic, or critical illness you’ll be able to utilize 80% or more of the death benefit to offset any costs incurred as a result of the illness. The funds don’t have to go toward the medical bill although that is what many use it towards.
Go to SHATEKA.COM to run your no-agent present, no medical exam required, absolutely competitive no-obligation quote in less than 7 minutes. Please share this with someone who’s been having a difficult time getting coverage.
Have an exceptional day!
Retire Before You Expire. #Retire #Retirement #Position your money #LifeInsuranceAwareness #LifeInsurance AwarenessMonth #financialfreedom
