Welcome to Day 55 of the 100 Days of SHIFT Challenge! This week is our Financial Literacy Week! 💸💸🎉🎉🎉
Today, we're talking... LIFE INSURANCE. Now, this is something that's completely blind sided me in my life.
Life Insurance is something I've heard of here and there, but I didn't think it was anything applicable or necessary for my life. I also used to think it was only for like... rich yt ppl? I mean, yea, they're the ones who gatekept this information for generations (am I lying?)
However, it turns out that there is a type of Life Insurance where you are able to ACCESS your benefits while you're alive and not have to wait until you're dead. So, GREAT! Your money doesn't have to be only for your funeral.
Further, accessing this money is able to provide you with the funds you need if you happen to be in a situation where you can no longer work (due to illness, accident, etc).
Not only that, you are also able to use your policy in a way where you'd be able to access your funds without having to wait until you're 59.5 years old ready to retire, PLUS you'd be able to access this money (YOUR money) tax-free.
PLUSSS, you'd be able to use your own policy to put a downpayment on a house or your business if you wanted to (and if you qualify). This is how Walt Disney started Disneyland! (I'm telling you, yt ppl been knowing this information)
Get your pens & papers, sit down, listen, take notes, and ask questions!
Be sure to follow Eva at @eva_empowers on all social media platforms.
Message me or tag me in your stories @jiggy_yoon & @shift_thepodcast — I'd love to know how your journey is going!
Capital One: https://i.capitalone.com/G1hute7wx
Chase: https://www.referyourchasecard.com/18j/O3FYZY9A2C
Chase Southwest: https://www.referyourchasecard.com/226j/BYUIMDLT94
Discover: https://refer.discover.com/s/naeunyoon?advocate.partner_share_id=7675719827