Life Insurance and Investment

I AM YOUR LIFE INSURANCE POLICY.

You and I have similar purpose in this world.

It is your job to provide food, clothing, shelter, schooling, medicine and other things for your loved ones. You do this while I lie in your safe deposit box.

I have faith and trust in you. Out of your earnings will come the cost of my upkeep. At times, I may appear insignificant to you - but someday (and who knows when) you and I will change place.

When you are laid to rest, I will come alive and do your job. I may provide food,clothing, shelter, schooling, medicine, and other things your family will continue to need - just as you are doing now. When your work and labor are done, mine will begin. Through me, your hands can carry on.

Whenever you feel the price you're paying for my upkeep is burdensome, remember that I can do more for you and your family than you will ever do for me.

If you do your part, I will do mine.

Sincerely yours,

Your life insurance policy



Life Insurance - When Filipinos hear these words, negative thoughts always comes flooding the minds of most Filipinos. Life insurance? What is it? I don't need it. Life insurance companies are only enriching themselves. I don't need life insurance. My salary is enough. My savings in the bank is enough. But is it really enough? How can we exactly determine how much life insurance an individual must have?

According to the experts, the formula for determining how much protection or insurance a person needs is: Annual Income x 10 = Protection(Insurance)

So, for example, if you're annual income is 240,000 (20,000/month), then 240,000 x 10 =2.4M. If you have 2.4M, then your family is protected. Why? Because if the family you left behind invests that 2.4M in an investment vehicle that yields a 10% interest rate per year, that investment will be earning 240,000 per year or 20,000/month, in interest. So the family you left behind is still earning the same amount you have been earning when you were still alive. Get the point? If you love your family, you have to protect them. You have to make sure that they won't struggle when you are gone. If you have a new car, would you not insure it? Of course, you will. Which is more important then, your life or your car?

Your next question may be, "Where will I get that 2.4M?" The answer is simple. Insurance. Get a policy that will give you that amount in the event that you die. What insurance company? There are lots of insurance companies out there that offers good protection and the question remaining is, "Is that company financially stable and well-managed?" That's where our financial education sessions come into the picture.

Through our financial education sessions, we teach you the best ways to invest and grow your money in a proper way including teaching you which investment and insurance companies are good to put your money in.

If you want to attend our free financial education sessions, send your email to: grow_your_money@rocketmail.com

May you grow financially,

Josh

Fundamentals Of Financial Planning

The world is changing fast. It wasn't all that many years ago that with a little hard work and careful budgeting, most families could realize their dreams of buying their own home, sending their children to college or retiring in relative comfort.

But in the blink of a generation, the financial landscape changed dramatically for today's families, who face an uphill battle to realize even one of those dreams. Skyrocketing costs, mountains of debt and lack of savings have forced families to downsize or even eliminate their dreams-to settle for far less than their counterparts a quarter of a century ago.

Each month, families find themselves walking a financial tightrope, hoping to stretch their resources just far enough to cover expenses and to avoid that one false step-a pink slip or a medical crisis-that could send them plummeting into ruin.

Not many years ago a parent can raise 10 children. Now the 10 children cannot raise a parent. Today, a couple, both working can hardly raise 2 or 3 kids.

But it doesn't have to be this way. You shouldn't have to compromise your dreams. Taking a practical approach to finances, one that incorporates powerful financial concepts and programs to provide you with the information and tools needed to make smart choices, is what you really need.

There is a need for widespread financial education. People want to know how money works and how they can make it work for them.
But how do people gain this knowledge?
Schools rarely teach it.
Families hardly talk about it.
Unfortunately, unless people understand the power of money, they can't put it to work for them.

Fortunately, there is an institution here in the Philippines that teaches all these things for free. Things necessary to make a proper financial planning that will eventually bring you to financial independence that you and your family deserve to enjoy.
Send your inquiries to: grow_your_money@rocketmail.com

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Live your dreams!

Josh Banate