I just want to talk about term life insurance.
I am going to make it my life's work to know everything about life insurance from a consumer's stand point, since I am not and never will be a life insurance sales person.
One of the important things to talk about is a
cash flow illustration. This is important as it gives a person the knowledge and understanding of how their cash flow might be disrupted if a spouse or child dies.
I love the pipeline illustration that Monty Loree writes about. a pipe line is a great way to illustrate how cash flows.
WATER PIPELINE = HOUSEHOLD CASHFLOWFortunately in our society water supply is not a big problem. Most households have plenty of water for their use. We take water supply for granted, as there is such a healthy supply. The pipelines that bring us the water are very important and they are engineered to withstand all of the use and problems that they will encounter over the years.
We're going to use the cash pipeline to illustrate many different aspects of financial planning. Pipelines are like our financial situations, especially when it comes to life insurance. Life insurance is one of the tools to use to reinforce the strength and durability of the cash pipeline.
For people who have pre-existing conditions such as disability and have questions regarding there qualification for
life Insurance and Disability insurance the best thing for them to do is to arrange to have the no cost, no obligation medical offered by the life insurance company in order to confirm there premiums and qualification. Something to keep in mind is most pre-existing conditions will not be covered by any new coverage taken out.
YOU'RE INVITED: If you live in any province of Canada, you're invited to discuss things here: Canada, Canadian, British Columbia (B.C.), Alberta (Alta), Saskatchewan (Sask), Manitoba (Man), Ontario (Ont), Quebec, Newfoundland (Nfld), Nova Scotia, Prince Edward Island (P.E.I.) , New Brunswick
