Here’s a realization that hit me while reviewing our X-Ray model - the Financialoscopy® tool that exposes your life for what it is - based upon your values, assets and cashflow.
Most contracts I’ve dealt with contain an element of loss potential. That’s exactly why people buy contracts or legally create them with the assistance of an attorney.
Think about the everyday contracts we all purchase:
- Automobile insurance contracts protect you from vehicle damage, medical bills, and liability losses.
- Homeowner’s insurance contracts cover fire, wind, theft, water damage, falling trees, losses — or even the loss of money when you may live elsewhere while your house is rebuilt.
- Liability and umbrella policy contracts shield you from lawsuits and judgment losses.
- Disability insurance contracts replace income loss, if you can no longer work.
- Health insurance contracts guard against catastrophic medical cost losses.
- Social Security and workers’ comp are contract-created by Federal and state governments to step in when injuries causes the loss of your paycheck.
- Retirement itself is a planned loss of income (i.e. When you retire, you lose your paychecks).
- Wills, trusts, and beneficiary designations contractually try to minimize loss due to probate costs, taxes, family fights, and loss of privacy.
Every single one of the contracts above exists because something bad might (or will) cause you a loss.
Now, let’s discuss a life insurance contract.
This is no longer an “if” contract — it is a “when” contract. We all know the “big trip” (i.e. death) is coming. We just don’t know the exact date.
That’s the game-changer.
With life insurance, you can stop hoarding and start spending. You can live for today by creating memories and providing for the people you love, while you’re still here — knowing that when the end comes, a check (often within weeks) can refill your account balances for everyone who matters to you.
Why would you cancel the one contract you know would pay out?
Let your life insurance contract become your ‘permission slip’. Live fully. Love generously. Spend intentionally. Because the loss of money at death is no longer a loss. Wealth could be recreated at exactly the right time – the time you don’t know, yet it’s there, waiting patiently to do what you want it to do.
Have you thought, “I don’t need life insurance anymore” You’re absolutely correct – You don’t need it.
Yet, it’s time to do the math and run the numbers; because seeing the leverage potential available to you may open your eyes to “want it”. Discover how this unique contract can make the rest of your life richer — and more enduring.
