The Number One Way to Protect Your Investments
By Ron Freeman
National Insurance Advisors
Bottom line, we are all trying to get to a level of financial security as long as we’re still above ground, but many have forgotten the primary source of securing what we work our whole life for. If you want to cover your assets, Health Insurance should be your FIRST investment priority!
Why?
Ask yourself what would happen to your lifestyle if an unexpected event occurred that left you hospitalized for a few days, with a life-saving surgery added to the bill. We can have our money market accounts, IRAs, mutual funds, annuities and businesses all in place, but if we have loopholes in our healthcare coverage - or none at all - how do we plan on paying the tab? Selling our assets, or possibly bankruptcy, and now having to work longer than expected; in addition to the chance that it will be under less healthy conditions from that recent medical episode we didn’t plan on.
It’s all about the unexpected…
48% of bankruptcies in America last year were due to medical costs, and over 70% of those bankruptcies were folks who had some form of healthcare, unfortunately limited at best, or a medical discount plan at worst.
Adequate protection is vital and in the proper order:
1. Qualified Healthcare
2. Sufficient Life Insurance
3. GAP coverage
a. Disability Insurance
b. Critical Illness Supplements
c. Hospital Indemnity/Cancer Plans
d. Medicare Supplements
e. Long Term Care
Protecting your assets…
Once these elements are in place (depending on your individual set of circumstances), you can then feel more secure in knowing your investment portfolio and business ventures are not at risk. Ever know anyone who’s had a heart attack, stroke or cancer? Did their quality of life increase or decrease after the event, or that of their family if they didn’t survive the ordeal? It costs a lot more not to have healthcare and life insurance in place than it does to have it, especially to those we love and provide for.
Making smart decisions…
Option #1: Purchase your health insurance (or discount plan) over the phone or on the internet. No health concerns? No problem. Serious health concerns? There’s a pile of expenses from items not covered in your program that the over-the-phone sales person or internet source probably didn’t tell you about.
Option #2: Invest a little more time with an advisor who specializes in self-employed and small business owner programs, and design a plan from an unlimited source of health insurance companies to fit your needs and budget.
If you’re ready to talk with an experienced insurance advisor supported by the largest producing agency of individual healthcare solutions with a full-time highly trained staff, multiple Michigan offices and solidly educated advisors, contact:
Ronald S. Freeman, Regional Manager – Metro Detroit
rfreeman@nationalinsuranceadvisors.com
Or call Ron direct at (248) 467-1699
National Insurance Advisors Agency, Inc.National Insurance Advisors Agency, Inc. has recently completed its product expansion to include the remaining facets of your financial security by adding both Medicare Supplements for over age 65 and Long Term Care protection, also for the latter years. More details to come.
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