people control your money, they could take unnecessary risks, not to mention all the management fees associated.
By purchasing and/or investing in assets you control, you get to determine your parameters and what you’re comfortable with. Whole life insurance and annuities are good examples of assets you can control. 6. Invest in Your Health Investing in your health isn’t just about living longer, it can also keep your costs down as you age. Many people experience more health changes as they age, and it can be most expensive when people are living on a fixed income. I was standing in line at the pharmacy when I saw a lady faint, right there in line, after she read the monthly bill would be over $800. By investing in your health early, you can improve your chance of good health in the future and hopefully minimize expenses later in life. What seems like an expense now, when it comes to your health, may actually be an investment for later if it keeps you from racking up major medical bills in your future. 7. Make Your Life Insurance Multitask If you didn’t know, a uniquely designed, high-grade, dividend paying whole-life insurance policy with an old-time mutual life company is the perfect multi-tasking tool. Not only does it provide you with a Death Benefit that gets paid to your heirs in time of need, but you also have access to some of that Death Benefit while you’re alive, in the form of Cash Value. Your cash value can be leveraged for anything you want, no questions asked. You can use it for emergencies, investments, vacations, and most high-grade policies have riders for long-term care expenses.
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