How to Borrow Money from YOURSELF!

It is so easy to borrow money when financial times get tough. Banks, title loan centers, payday loan centers and other lenders are eager to loan you money. That is all fine and dandy until it's time to start paying them back. You ALWAYS pay back more than you borrowed--sometimes considerably more. Well, there is a way to cut out these modern-day loan sharks and borrow money from yourself. How, you ask? Your whole life insurance policy is one of your best sources of emergency money. You can borrow money from your own policy and pay it back just like a loan from a bank. But here's the difference:

• Banks and other lenders have higher annual percentage rates
• You can borrow from your policy as many times as you want
• YOU earn interest on the money you borrow*
• Your loved ones don't have to pay the loan back if you are no longer here
• NO CREDIT CHECK!!!

There are more benefits, but these should be enough!

My Craziest Insurance Appointment

I have met some wonderful people in my four years of being a life insurance agent. I have also met some crazy people. Here's one scenario: I set an appointment over the phone with a young lady I had never met. She seemed very excited about putting life insurance on herself and her retired parents. On the morning of the appointment, I felt great! I arrived at her house 15 minutes early as I was eager to meet her and assess her insurance goals. As I stepped onto the front porch, just before ringing the doorbell, I knew something wasn't quite right. I heard a man and a woman arguing on the inside. I rang the doorbell anyway and the woman's father answered the door. I walked inside and the young woman was sitting on the couch with her arms tightly folded. I introduced myself and stated my purpose for being there. Before I could finish my sentence, her father abruptly interrupted me and said "we won't be needing your services." I was confused. The woman became enraged. She started to violently rock back and forth on the couch with heavy breathing. Suddenly, she shouted at her father "you can't keep me in this house forever! I'm getting out of here!" I thought to myself "what the hell???" As the woman and her father continued their volatile argument, I inched closer to the front door. I kindly excused myself and sprinted to my car. As it turns out, the woman was schizophrenic, on disability and could not even care for herself. Now I try to listen for clues to see if a wack-job is trying to set an appointment with me.

Why Should I Buy Life Insurance for my Children?

Children can greatly benefit from life insurance. A good policy can help you save for your children's college education. It is very inexpensive and builds cash value that can be taken out and used to pay college tuition costs. In addition if your child becomes seriously ill, your insurance will help cover medical expenses alongside your health insurance. Get life insurance on your kids today because the younger they are, the cheaper the monthly payments. Also if you get it while they're young, the more time you will have to create a handsome nest egg for your precious little ones.

Why Should I Buy Life Insurance?

If you are married or have children, you need life insurance. Think about this: Your spouse or child becomes completely disabled or seriously ill and the hospital bills are piling up. How will you pay them? If your spouse or child passed away, do you have nearly $10,000 for final expenses AND hospital bills? Probably not. Life insurance will pay for medical expenses while your loved one is still alive to ensure the very best medical care. It will also replace your spouse's lost income by sending you money every month if he or she were to die. If you don't have life insurance, get it while you're still young. The younger you are, the more affordable it is. Remember, we are not promised tomorrow.

Benefits of Whole Life

Whole (or permanent) life insurance protects you and your family from financial loss due to death.  The policy protects you for your entire life, no matter how long you live.  This type of life insurance is more expensive in your younger years but is usually less expensive during your golden years.  Your insurance payments on whole life policies have two main purposes:  (a) to protect your loved ones from financial loss if you passed away or became terminally ill,  (b) to create a built-in money saving account within your policy.  This is money you can borrow from yourself [while you are still living] in order to pay for medical expenses, buy a house or pay college tuition.  With some whole life policies, the insurance company will even pay you handsome interest on the balance of your cash value.  Whole life is said to be suitable for seniors.  Universal whole life is also suitable for younger people seeking safer investments opportunities with special tax advantages.

Perm v Term

Life insurance is financial protection against the loss of a life. It can be used to pay for final expenses, medical expenses, college tuition and more. Whole life insurance (aka permanent insurance) covers your life from the time you purchase a policy until the day you die ( as long as you pay your monthly premium). It is more expensive for younger adults than term insurance; however, it is usually less expensive than term for seniors. Term insurance is life insurance for a specific period of time: usually 5, 10, 15, 20, 30 or 40 years. Once the term ends, so does your policy. At that point you will need to be re-insured unless you have enough money in your estate to pay all your final expenses. Rates for both term and whole life are based upon your age, gender, height/weight, medical history and other factors.  Remember the older you get, the more expensive both insurances will be for you.  Don't delay, get your life insurance today.  Your life is worth it!

Gratitude Creates Blessings

It is always important to be thankful for what you already have. Being grateful attracts more things to be grateful for. I am thankful and appreciative to have found Royalty 7. I love getting checks in the mail on a regular basis. Click here to start getting your checks in the mail.