JIM KAIGHN INSURANCE AGENCY- HOME OF THE “INSURANCE DOCTOR” - Wealth -by Jim Kaighn

The article this month is about WEALTH, and how all people can attain it..We all know that there are basically three classes of people, rich, middle class and poor!! People can be born into each of these classes,
 or attain one tier to another by hard work, or go down tiers due to some unforeseen calamity in their life.. Each of the people in these tiers have different reasons in buying LIFE INSURANCE..The rich use it
to protect the total value of their vast estate, to cover estate death taxes so their heirs will inherit all the property willed to them and let the insurance pay the tax bills,,This scenario is a very quick overview of reasons why the rich do this..  The poor, if they can afford any cost all would use it to have money for funeral expenses, and other small bills.. But, most people in this class are there for a reason
that is their fault and do not care to do better for themselves, so will not get life insurance just to help out family members.. But those people in this class who got there and want to get out and try to make a better life for their family and themselves can use life insurance for ESTATE CREATION.. This also applies to the people in the middle class tier.. Life Insurance is the only contract that can benefit the person but
also their family..Most families I talk with either are trying to buy a home or ones that rent a house want to have that expense covered if they die early.. to make sure their family still will have a place to live without the fear of have no money to pay for it.. pay off the mortgage or have enough money set aside for rent for many years to come.. Most families do not have enough or any money set aside for emergencies, but the worst emergency that could come is loosing the breadwinners paycheck and having no money to live on..LIFE INSURANCE to the rescue.. properly designed, it can leave the remaining family with a very large influx of money to shelter the family from financial problems for a very long time.. BUT, it would have to be managed properly to last the surviving spouse and children..This is the ESTATE CREATION side of
INSURANCE PLANNING, which is what I do!! Also Life Insurance can be a very valuable tool for the insured to build a nice cash reserve for the future.. A value that can be used for retirement, for emergency fund,
for ESTATE CREATION for the insured themself..Thee are many policies that can help build wealth, many of them can guarantee that whatever funds are built up will NEVER LOSE VALUE, to GUARANTEE an increase in value every year.. Funds that you can borrow from, with no worries about your credit standing or how the economy is doing.. It is a time proven way you can build wealth, for yourself or for family IF PROPERLY DONE!!
Then, when the time comes you may enter into the realm very upper middle class or even RICH, THEN THE USE of LIFE INSURANCE is use for ESTATE CONSERVATION, as talked about at the beginning of this article..
Of course, the best way to clime the ladder to a better life is a good education, leading to a good job along with determined work ethic, one can achieve a goal they strive for or even higher..

So folks, the choice is yours, no one is going to give you what you want.  Use your ability to THINK and a strong belief in YOURSELF.. GO FOR IT. I can be reached at 252 202 5983 or 252 202 5983 in the Elizabeth City area or at 261- 1122 in the Dare County area. or at my e-mail "www.insdr@roadrunner.com" Thanks- JIM KAIGHN CLU,CHFC,RHU--HAPPY TRAILS TO YOU11
Thought of the month--Speak your truth quietly and clearly, and listen to others, even the dull and ignorant, they to have their story!!

Listen to Carolina Tradewinds Radio to hear Jim on an upcoming edition of Local Voices Unfiltered. 

http://carolinatradewindsradio.com