With the exception of death and taxes, very few things in life are certain to happen. You can never be absolutely sure about the weather, what your children are going to do next or even if the New England Patriots will win on Sunday.
Even the "guarantees" offered by companies come with enough fine print and exceptions to disqualify them from being categorized as one of life's "sure things." Most of the time when a company "guarantees" satisfaction, it's only for a limited amount of time and requires you to jump through hoops to prove you actually purchased the product and didn't use it in any manner that invalidates the warranty.
Too often, guarantees are nothing more than hollow promises that never truly deliver what the buyer expects.
Yes, most guarantees are little more than hollow promises designed to give you a false sense of security; most are simply marketing gimmicks.
All of these falsely earnest (read: weaselly) assurances have created a serious problem: Most people ignore guarantees altogether and don't even bother trying to protect themselves, even when they are making important purchases and decisions that will affect the rest of their lives. This is especially true when it comes to where people put their money.
People too often take for granted that their money will be safe—guaranteed, even—when they invest and save.
Mortgage bonds are widely considered to be bastions of financial security. But even mortgage bonds, as seemingly reliable and boring as they are, fell to pieces during the last financial crisis. So did the real estate market, which was decimated when the housing bubble went down in flames, taking trillions of dollars worth of equity with it.
And then there was the stock market, which largely drives the economy. When stalwarts and seemingly "safe investments" such as Enron and WorldCom collapsed, so too did the stock market.
If investors learned anything from the Great Recession, it's that there are few, if any, financial guarantees. And even those that do come with guarantees aren't all they're cut out to be.
Consider banks, with their well-publicized FDIC insurance and guaranteed rates on CDs. Right now the only thing banks guarantee you is that the money you save will earn interest rates that don't come anywhere near keeping up with inflation.
Then there's term life insurance policies, which provide "guaranteed" death benefit term, but those policies almost always expire long before the insured does.
All of these hollow promises pose serious problems for people who don't pay close attention to where they're putting their money.
It is believed that Benjamin Franklin was the first to write about the certainties of death and taxes. It's quite possible that he would have included whole life insurance had the financial tool been around way back in 1789.
Much like death and taxes, whole life insurance produces results that are guaranteed. But unlike the other two, you are in control of the benefits reaped from whole life insurance:
As you can see, the guarantees associated with whole life insurance are vast and varied. So if you're the type of person who likes guarantees that don't involve death and taxes, you might be the type of person who would benefit from investing in whole life insurance.
After reading about the guarantees that come with whole life insurance, you might be thinking it sounds too good to be true—like it's just another slick marketing gimmick and hollow promise.
It's not, but just to make sure, take this little five-question quiz to determine if whole life insurance is guaranteed to work for you or not.
If you answered "True" to four or more of these questions, it is likely you will benefit from the guarantees afforded by whole life insurance.
Now, if you are like many people, you long ago tuned out advertisers, financial advisers and others who made hollow promises. And that's entirely understandable—after all, only two things in life have consistently been proven to be certain.
But it's a new world, one that Benjamin Franklin could have never imagined. That's why you owe it to yourself to learn more about whole life insurance policies and the benefits they guarantee to you and your family.
Please take the time to read Live your Life Insurance by Kim D. H. Butler. It's a book that explains exactly how you can use whole life insurance to live a more prosperous life.
You can also contact us today to discuss your options. You'll receive an honest assessment about whether or not whole life insurance policy is right for you. And you'll receive it with no obligations—guaranteed!
Sent from the Land of Possibilities!