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Insure For Catastrophe In 2021 | New Year's Resolutions (Episode Three) 4 года назад


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Insure For Catastrophe In 2021 | New Year's Resolutions (Episode Three)

Sign up for our free New Year's Resolutions course: https://www.parallelwealth.com/newyea... -------------------------------- As we found out in 2020, we can never be 100% certain of what the future holds. While it can be an uncomfortable topic, it's extremely important to think about how you are insured against catastrophe. Here are two questions that you need to address in order to be prepared for the unthinkable: 1) If you pass away suddenly and unexpectedly, are your loved ones taken care of financially? 2) If you couldn't work due to injury or illness, how will your bills get paid? In the early stages of 2021, you should be re-evaluating your insurance coverage. Review your life, disability, and critical illness insurance, but lets also review your home, auto, travel, health, and any other insurances you may have...ensure your rates are fair and that the coverage still meets your needs. Lets go back to the first question. If you answer no, then it's time to find a local financial planner and start working on a plan. Please remember that insurance doesn't need to be complicated or expensive; if you want an idea of costs, you can go to http://www.winquote.net/. Now, on to question two.What job would you rather prefer...job A which provides you $80,000 but $0 if you become disabled, or job B which provides you $79,000 but $55,000 if you become disabled. You are sacrificing a little in the event that the unthinkable happens. No matter your risk tolerance, it is probably wise to think about disability insurance given this framework. ••••• If you have any questions about this video's topic or retirement planning in general, visit https://www.parallelwealth.com/ or use the links below to learn more about our services. ➡️Fee For Service Retirement Planning: https://www.parallelwealth.com/planning ➡️Retirement Income Program™: https://www.parallelwealth.com/invest... ➡️Parallel Wealth Masterclass: https://www.parallelwealth.com/education Additional 3rd Party Links and Resources: 🔗️Retirement Income for Life: Getting More without Saving More (Second Edition): https://amzn.to/3tvIdVN 🔗️Free Credit Report with Borrowell: https://bit.ly/borrowellPWFG 🔗️CPP Calculator: https://research-tools.pwlcapital.com... The above affiliate links are provided for your convenience. If you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each product and service we provide links to. ••••• DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes. The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.

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