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People fear government programs like Social Security becoming insolvent.
And for good reason: Sometimes banks run into financial troubles, and even collapse.
So maybe you’ve wondered: If I’m going to pay life insurance premiums for years on end, how can I be confident the company will have the money to pay the death benefit to my loved ones when I pass away?
Insurance companies are businesses. So, of course, there are no *guarantees* they won’t fail.
But in today’s episode, I’m going to pull back the curtain so you can see the different strategies insurance companies use to ensure they can deliver for you when you need it. Also, keep this in mind: While life insurance companies only fail once in a blue moon, if they do, another company always comes in to purchase their assets. Those assets are your life insurance contracts.
You’ll also discover one key difference between banks and insurance companies that should give you peace of mind about insurance (even if banks are having problems).
Listen now!
Show highlights include:
Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)
5
1919 ratings
People fear government programs like Social Security becoming insolvent.
And for good reason: Sometimes banks run into financial troubles, and even collapse.
So maybe you’ve wondered: If I’m going to pay life insurance premiums for years on end, how can I be confident the company will have the money to pay the death benefit to my loved ones when I pass away?
Insurance companies are businesses. So, of course, there are no *guarantees* they won’t fail.
But in today’s episode, I’m going to pull back the curtain so you can see the different strategies insurance companies use to ensure they can deliver for you when you need it. Also, keep this in mind: While life insurance companies only fail once in a blue moon, if they do, another company always comes in to purchase their assets. Those assets are your life insurance contracts.
You’ll also discover one key difference between banks and insurance companies that should give you peace of mind about insurance (even if banks are having problems).
Listen now!
Show highlights include:
Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)
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