Life Insurance you may be surprised to Discover...is like creating that Perfect Loaf of Bread.
Bread for many is a delicacy, an indulgence at any meal.
Laid out we see all around us,
the ingredients needed to make delicious bread.
If proportions for preparing the bread aren't just right...
you'll surely be disappointed.
Life Insurance isn't that much different from preparing that loaf of bread.
It's the basis for securing some Financial Guarantees that Life's Volatility can't always provide.
You'll discover different Insurance Products:
Term/Participating Whole Life
Guaranteed Universal Life
Disability
Long Term Care Insurance and
Guaranteed Income/Fixed Indexed Annuities
Each has their own recipe to help secure a Richer Life.
This is the start of my new & first posting...
I thought no better way to start off my Posts then with my love of cooking and excitement about all the insights I want to share with you in creating more financial flexibility and security in your lives.
While baking bread my not be my forte I like sharing my analogy of baking bread and how to many it's considered a delicacy to enjoy at every meal.
The problem with baking breads is that you need to stick to working with the recipe's proportions of ingredients or else you might find yourself disappointed with all the effort you put into making the loaves.
And on the other hand when you get it right; the bread becomes nectar, an indulgence for all to eat and enjoy at any meal. So bottom line the recipe's ingredients are majorly important.
For me baking bread is not ideal ... it's not easy sticking to strict recipe instructions. I'm more of what ingredients am I missing in a recipe and can I substitute. The other day I made some Chicken and Chive Dumplings at the last minute. No chives in sight, but had plenty of scallions. Wouldn't suggest subbing ingredients in a bread recipe when first learning.
Like the exact ingredients needed in baking bread each Participating Whole Life (PWL) Insurance Product, from different Insurance Companies, have their own recipes to help you secure a Richer Life. In theory many of the products are the same. But the ingredients that make up the different PWL Insurance products can have a major impact on whether they are meeting many of your needs.
PWL Insurance should be a part of a person's overall financial planning. Don't over- extend and purchase more Insurance than what fits comfortably into your plan just because you see all the possible benefits the products may have to offer.
When PWL Insurance gets it right it can be the initial building block that helps you create a financially strong and more balanced base. PWL can help you smooth out some of the bumps in the road that many of us find we face with our daily finances.
You will discover that the sooner you start the ball rolling and actually put some Insurance in place, you will begin to see how Insurance Products can form the basis for securing additional financial guarantees that give you the tools to have more options at your disposal.
We are talking about your hard earned money, so take the time to explore when developing your overall financial planning.
Let's start the conversation and explore what the best Insurance fit is for you.
Debra K. Bedell
Insurance - a great Hedge against Risk.