Your Health...Your Life Insurance

Life insurance is quite important.  Just remember that your health habits affect your life insurance premiums (payments).  The better you take care of yourself, the better your health will be...and your insurance premiums will reflect that.  Although some insurance does not require a medical exam for most people, there is still a chance that one may be required.  If there is any history of medical problems [within yourself or your family], this could cause the insurance company to see you as a higher risk.  So take care of yourself.  Eat well, sleep well, and live stress free.  Oh, don't forget exercise.  Taking care of yourself will help you get to that "Tax-Free Retirement" income that I talk about.

Mortgage Protection

Real estate is an amazing vehicle for wealth enhancement.  Mr. Donald Trump became wealthy through real estate, as many others have also.  One way to protect your investment is to consider a Mortgage Protection policy.  A mortgage protection policy is a decreasing term life insurance policy that is designed to cover your mortgage in the event of a job loss [or worse].  Ok, let's break this thing down:
Term Life Insurance:  a life insurance policy designed to protect one's life for a specified period of time. The period of time can be 1 year, 5 years, 10 years, 15 years, 20 years or 30 years.
Decreasing Term Life Insurance:  a life insurance policy that has a benefit that decreases along with whatever is being protected.  (Example: a 30 year mortgage in the amount of $100,000 could use a decreasing term life policy in the same amount.  As the mortgage principle amount decreases, so shall the insurance policy's face amount.  When the mortgage is paid off, the face value [ideally] would be zero and the policy could possibly be converted to whole life insurance)
Mortgage Protection:  a life insurance policy protecting your mortgage.  Some policies provide temporary income in the event of job loss.  But in the case of the inevitable, the mortgage would be paid off with the proceeds of the insurance policy.  Thus leaving your loved ones with more security.  They won't have the added responsibility of scrambling to pay off your home. 
Note...mortgage protection insurance is NOT the same as home owner's insurance [which protects the structure of your home against damage], nor is it the same as private mortgage insurance [which protects the lender against the home owner's default]

Leaving Your Legacy

Many of us have a goal of financial wealth at retirement.  We want to make sure we will be provided for in the future.  We also want to ensure that the word "retirement" doesn't mean taking on a part-time job to make ends meet.  It should mean traveling, spending time with grandchildren, or whatever is our bliss.  The key to a comfortable retirement is saving now for what you will need later.  The best way to save is tax-free.  I'm not talking DEFERRED taxes as with your 401(k), I'm talking NO taxes.  This a perfectly legal growth strategy that the IRS will never tell you about.  My job is to teach you how to create wealth for yourself, meanwhile leave a legacy for your loved ones.  For more information, contact me at (804) 221-6891.  I look forward to helping you realize your dream!