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While few things in this life are certain, one thing every individual around the world regardless of their background will experience is the end of life. It is an investiable fact many of us would rather avoid speaking about in our daily lives. However, it is the only one event guaranteed to experience. So why is it that most individuals would rather gamble than pay for a permanent life insurance premium? It is the one gamble you and your family are sure to win in this lifetime.
Whenever it comes to insurance, many individuals will not take out more than they need to or any at all if it is not required by law. Most people think that insurance is not something that they need. However, insurance very well could be the thing that protects your short and long term finances. While it may not reap many rewards the day you pay for your premium, every insurance policy you purchase is protecting your financial future.
The end of one’s life is usually the farthest and last topic they want to think about. However, anything can happen at any given time. Whether it is a tragic accident or a medical condition, you need to have certain decisions made and legally documented in order to prevent your family from making any (or fighting over) any tough decisions.
If you haven’t heard of estate planning, you can think of it as the way you want you and your life to be remembered. The items and your wealth you have gathered over your lifetime must be organized before you pass in order to ensure your estate will be handled exactly the way you want. Otherwise, your family will be burdened with numerous decisions and legal battles that are aimed at accomplishing their own wishes and desires.
Were you aware that only 8% of individuals who set long term goals actually manage to achieve them? A significant disconnect occurs when someone sets a goal and then continues about their day to day routes.
While we live in a time of uncertainty and civil unrest, we can typically all agree on one thing: we want to be happy. Happiness follows us throughout our lifetimes and helps us heal in our darkest hours.
How many hours have you spent at home sheltering in place because of the global coronavirus pandemic? It’s not very exciting to sit around inside, but all this social distancing does open up a convenient opportunity to review your finances and make sure they’re “quarantine clean.”
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Securities offered through Triad Advisors LLC. Member FINRA/SIPC. Advisory services offered through Capital Cities Investments. Capital Cities Investments and Paul Harris Financial are not affiliates of Triad Advisors LLC.
Paul Harris is licensed and authorized to conduct life insurance business in Florida. He is also licensed and authorized to conduct securities related business in Florida. This website is in no way to be construed as an offer for the sale of insurance or securities products in unauthorized states or countries.