Some [Financial] Safety & Security, Please (6)

If you haven't read the five previous blog posts about providing financial safety and security for you and your family, you might want to take the time to read this, this, also this, especially this, and then this.

I was on YouTube yesterday and searched for quality videos on how life insurance can be best presented as a way to lessen the impact of a financial dilemma like the loss of a loved one, especially the family's breadwinner.

Thankfully, I found this less-than-two-minute video on appreciating the value of the one thing that matters most to all of us - family - and how we can protect our financial well-being from any unforeseen event.

I do not own the video, obviously, but I know this is worth two minutes of your time that you can understand in video form what life insurance really is all about and why you shouldn't wait to get old to have one:

Mr. Winston Churchill does it right.

We make a living by what you get and we make a life by what we GIVE.

It's never too late to get one. Get yourself the right plan, for the right people, from the right financial advisor, and at the right company.


Once implemented, you will have for yourself financial safety and security that no other financial tool can provide.

What's your plan? Contact me.

P.S. If you want to know more about the plans and services which I can provide for you to secure your family and provide a bright future by making your money grow and work harder, visit the Investment Plans tab above or just click HERE. It is never too late to make that next step in building a solid financial foundation on the road to wealth. 

Some [Financial] Safety & Security, Please (5)

Basically, the main uses of life insurance are for protection of yourself, your family and your assets, and investment to provide you with long term savings and a comfortable retirement with the cash values and dividends that have accumulated over the years.

Now people have come to ask this one question: When is the right time to get life insurance?

To answer that, we always start with WHY.

WHY should I get life insurance? WHY is it really important to get one? WHY, do you think it would really benefit me?

I believe my previous posts on financial safety and security through this instrument has been well-explained. If not yet, feel free to contact me.

So back to WHEN.

When exactly do you need to have one?

Some [Financial] Safety & Security, Please (4)

The thing about life insurance is that its common objective is that while you are still working to make a living for you and you family, you can already safeguard the financial storm that can bring about in an individual in case of death and disability, accident or critical illness. While making sure the surviving family members live on and sustain the standard of living after the loss. At the same time, it can provide you with the funds necessary during your later years when your children are all grown up and you start to lean towards retirement

Eventually, as you grow older, the need for life insurance may lessen as your responsibilities have declined once your children are all grown up, having families of their own and planning for their respective families. Unless you are really financially free by the time you hit your desired retirement age, then you are left with no choice but to strive hard and continue to work.


Regardless of sex, race, socio-economic status and occupation, another purpose why life insurance can be of great benefit to people is...

2. Investment

Some [Financial] Safety & Security, Please (3)

One day someone came up to me and asked, "What is the right insurance plan for me?"

My answer to that would be "What is your plan?"


Life insurance serves different purposes, for different plans, for different hopes in the future.


In the end, it's all about "why you need it", and "how soon you should get one".


Remember the last time you saw something which looks valuable to your eyes? And after careful evaluation, whether you really need to buy it, its benefits to you, the affordability and warranty, you decided to purchase it?


Life insurance is indeed a need, just like that valuable item you saw in the supermarket. Some people just don't realize its value until their time is done here on earth, or when they really need it the most. Like I said on the previous post, the building blocks of wealth cannot stand without its foundation, which is insurance. And without it, you can see your wealth diminish and leave your family in financial rubble, which would end up in a scrambling of money and other financial instruments to keep up with the family's standard of living once you are gone.


So what are the different purposes / uses of life insurance? Let me count to you the ways.

Some [Financial] Safety & Security, Please (2)

A house can never be built without putting up a foundation to which it can stand on, or else a storm can just wash it away without warning. A business can never be set up without laying out the fundamental principles guiding the endeavor and every other factor that needs to be ruled in order to build it. A student may never be able to pass the exam without executing the most basic guideline in answering it - follow instructions.


In personal finance, a person may never be truly considered financially free if he does not arm himself with a foundation that helps build his wealth and protects him and his family from any financial disasters.


Friends, the road to wealth takes a long time to reach the destination (goal). Building your structure of financial freedom may take years, or even decades, to see it rise to the top and ready for use in achieving your needs and dreams in life. But without the proper support, base and foundation to keep it standing while you are building the structure, your financial value would collapse and put yourself, and probably your family, into rubble and financial depression that it may take a long period to recover, or maybe never.


This financial instrument that has the ability to protect you and your investments is insurance.

PYF, then Make It Grow

This series of blogs will talk to you about the importance of paying yourself first - the most powerful money management system I have ever known. Introduced to me in a seminar by a success coach last year, then tested and proven by the best selling personal finance authors I have come across in my self-education, this simple-yet-effective wealth management is the best thing that I've ever known about money and this can help me and you keep track of on the road to financial prosperity and freedom. And I wouldn't preach about this if I don't walk the talk.

If you got here by accident, I advise you go back to the introductory post about paying yourself first here so you could go along with the ride smoothly.

By far if you have been following this series of fortunate, and extremely basic, method to get your finances on the right track, just as you wanted, it might as well be very obvious as to what the last piece of the puzzle is going to be in this "pay yourself first" practice.


If you have gone through giving back and preparing for the unexpected, then this one right here can most likely be the key to unlocking the door to financial freedom. Of course, it takes a lot of discipline, patience, and faith to get it done.


Growing up as a kid, I always thought that money can simply be placed in what we call piggy banks, where you drop coins regularly or as needed to and make it act as your "savings account". Actually, that technique did not mean much to me for reasons I don't have to uncover.

As I matured up to the point when I finished college, I thought money can just come and go and while you have it, you ought to spend it, rather than lose it all (take it from someone who used to gamble and spend till the last centavo in college).


Then a seminar on money management, coupled with self-education on personal finance and trainings had me realize a number of things that have to be considered in relation to this post:

Mindset Over Training

Last Saturday was something I didn't expect to happen.

I kind of lacked sleep the whole day because of a party on top a mountain the night before, but I still had the guts to get up from my bed the next morning for work and for my postgraduate classes in the afternoon.