https://www.youtube.com/watch?v=zMY8I8FxEJ4

Insurance is about more than protecting your stuff. It’s about protecting your human life value.Often, your life insurance needs rank pretty close on the motivation list with you need to change the oil in your car.Here’s the filtering mechanism your brain goes through when you hear it:  Not that pressing.  Things are going fine without it.  Why be inconvenienced to handle this non-urgent matter?  Not that relevant.  Out of sight, out of mind.  Dismiss.

Right?

But what if I told you that the reason to change your oil in your car was not about your car at all?  Changing your oil protects you, your peace of mind, and your ability to create value.

Table of contentsWhere Insurance Fits in Your Personal EconomyLast TimeReasons You Want Insurance#4) You Are Worth ProtectingWhat is Human Life Value (HLV)? How is Human Life Value Calculated For Life Insurance?An ExampleHuman Life Value Represents Your Ability to ProduceInsurance Protects Your Ability to Produce#5) Peace of Mind Allows You to Produce MoreHow Is Human Life Value Calculated?Expanding Human Life ValueYour Mindset Determines What You ProduceYour Human Life Value Never Ends#6) Protection Builds a Solid Foundation in Your Personal Economy#7) Insurance Ensures No One Life Event Can Make You PoorIn ConclusionTake Action to Protect Your HLVHere’s What You Can Expect NextThe Whole Series on Insurance ProtectionCreate Your Time and Money Freedom

Where Insurance Fits in Your Personal Economy

Let’s zoom out for a moment to remember where and why life insurance policies fit into your Cash Flow System.

Your foundation starts with keeping more of the money you make.  Second, you protect what you’ve built.  Finally, you increase your income to create time and money freedom and expand your legacy.

A Life insurance policy fits in the protection stage.  With it, your livelihood is no longer at risk, but secure, regardless of the life circumstances you face.

Your protection is like a roof on your financial house.  When the shingles are sufficient and cover the whole house, it keeps storms outside your house, preventing them from getting inside and destroying your belongings.  Similarly, when you have adequate insurance protection, your income and assets you’ve built are safe from financial storms that may occur in your life.

Without changing your oil, you run the risk of thousands of dollars of irreparable damage that can be done when a car runs out of oil.  Your nightmare of needing to replace a car fast is now upon you.  While buying a new car should be fun and exciting, you now have to spend hours searching for the right vehicle just to bring your life back into equilibrium and normalcy.  Basic transportation in your everyday life that was easy before now becomes a complicated algorithm of managing other people’s availabilities to find out how they can help you get from point A to point B.

This seemingly menial task of preventative maintenance is now all-important.  It’s not really about the car, but about protecting your peace of mind, and saving yourself the worry and frustration.

Similarly, insurance is about more than just protecting your stuff.  It’s about protecting you.

Last Time

In Why You Want Insurance Part 1 – Insurance Transfers Risk, we covered the first three of 11 reasons why you want insurance and discussed what insurance does.

When you don’t feel like you need insurance is the best time to secure it because when you do need it, you’ll wish you had as much as you could get.

Reasons You Want Insurance

#4) You Are Worth Protecting

Have you ever asked yourself, what is the most important thing that I have?

Money?  It could vanish tomorrow.  Health? Time?  Relationships?  Happiness? Purpose?  You’re getting closer.

Your most valuable asset is you.

You are the source of everything you create. You are the producer of all of your other assets: your home,