Financial Literacy With Tazz

Who still doesn’t have life insurance and need your children on your policy??

Let me help!

“What info is gathered in the application?”

Part 1 of the application includes the general questions about the applicant including name, age, address, birth date, gender, income, marital status, and occupation.

Part 2 includes medical info about the prospective insured.

Let me help you with your application today!!

Can you believe some people don’t even know what insurance is for?!

Well insurance simply transfers the risk of loss from an individual or business entity to an Insurance company, which in turn spreads the costs of unexpected losses to many individuals!!

Do you need help getting some type of insurance?? I’ll be glad to help!! Shoot me a message to set an appointment 🙌🏽

“What if I can’t afford to pay a premium every month?” [Part Two]

Know what’s even better than the Adjustable Life Insurance Policy??? Universal Life Insurance! Also known as Flexible Premium Adjustable Life 🙌🏽

Why is this even better?

Because the policyowner has the flexibility to increase the amount of premium paid into the policy and to later decrease it again. Heck, you can even SKIP paying a premium and guess what??? The policy WILL NOT lapse as long as there is a sufficient cash value at the time to cover the monthly deductions for cost of insurance!

HOWEVER!!

If the cash value is too small, the policy WILL EXPIRE 💯

And since the premium can be adjusted, the insurance companies will give you a choice to pay two types of premiums:

- The minimum premium or

- The target premium

Wanna know more about these types of premium?? Book an appointment with me today to learn more and see if this can work for you!!

Financial Literacy With Tazz updated their business hours.

Do you have life insurance? Your children? If no, why not?!

“What if I can’t afford to pay a premium every month?”

An adjustable life policy may be your best bet! This policy can assume the form of both term and permanent coverage! The policy owner can:

🖤 Increase or decrease the premium or the premium-paying period

🖤 Increase or decrease the face amount or

🖤 Change the period of protection!

Sound manageable? Book your appointment with me today!!

What I’m doing at 2am 🙌🏽 does this look intriguing to you? Or even too complicated for you to grasp? Let’s set aside about 45 minutes discuss!! I can educate you on what these policies can mean for you in your family AND IT WILL COST YOU NOTHING!! Don’t leave your family a huge bill after your feature that they can’t afford to pay 💯

Good morning ☀️

Tell me, and be real with me! If something were to happen to you RIGHT NOW, would your family be able to cough up over $100,000 for funeral costs? Burial?

No? Then you should be in a zoom meeting with me!! Just 45 minutes and I can tell you everything you need to know TOTALLY FREE!!!

Tell me:

What all do you know about Life Insurance? Do you feel that your knowledge is limited? If so, do you have 45 minutes for me to educate you? No, I won’t try to sell you anything 💯 but if you decide that you could use my services, I’d be glad to help! Just 45 mins of your time for a lifetime of knowledge 🖤 Let me help you get ahead of the curve!

Primerica only offers solutions we believe will help solve our clients’ most important financial needs, at competitive prices, including:

TERM LIFE INSURANCE

Since the beginning, Primerica has only offered term life insurance because we believe – and many experts agree – that term offers the most income protection at an affordable price. We are the second largest issuer of term life insurance coverage in North America, insuring over 5.5 million people through our life companies.

INVESTMENTS

For as little as $25 per month, you can start saving for the future. Investment opportunities include mutual funds, managed investments, annuities, business retirement plans, and education savings plans. Primerica has approximately 2.6 million client investment accounts. Not all products/services available in all states or provinces. A representative's ability to market products is subject to state and federal licensing and/or certification requirements.

AUTO & HOME

Through Primerica Secure– an auto and homeowner’s insurance referral program with Answer Financial® Inc., – our clients get competitive quotes from top-rated insurers in 10 minutes or less. Answer Financial clients report saving average of $509 annually.

PRE-PAID LEGAL

The Primerica Legal Protection Program, offered through Pre-Paid Legal Services, Inc. dba LegalShield ("LegalShield"), connects clients with a qualified Provider Law Firm in their state who provides support and services for legal needs, including will preparation.

IDENTITY THEFT

Millions of people experience identity fraud each year. IDTheftDefenseSM, offered by LegalShield, helps protect your identity, provides counseling and works to restore your identity should an identity theft event occur.

WHO IS PRIMERICA?

Back in 1977, Primerica’s founders recognized the pressing need for their friends, family and community members to have access to financial education and the right financial solutions that could help them live better lives and prepare for the future. Their middle–income market was – and still is – largely underserved by the financial services industry in favor of higher income clients. Freedom for Families was the goal because the basic HOW MONEY WORKS™ principles, which empower people to ask the right questions or make better decisions still aren’t often taught in schools.

Our mission is to help families earn more income and become properly protected, debt free and financially independent. Let’s schedule a zoom meeting and get the help you need today!

If you're like many people, you're in the dark about your finances. You pay your bills each month and do your best to prepare for the future. But the truth is, there's only so much money to go around and preparing for the future can be overwhelming.

One of the most important building blocks in establishing a firm financial foundation is determining the difference between "wants" and "needs." Sounds simple, doesn't it? A "want" is something you don't require for basic survival and a "need" is something you must have to live. Yet, sometimes it can be hard to tell where a "want" begins and a "need" ends - especially where immediate family is concerned. Financial health is all about the choices you make over the long term.

Like this page for more 💎

DEBT STACKING

By taking into account the interest rate and amount of debt, debt stacking identifies a way for you to pay off your debts. You begin by making consistent payments on all of your debts. The debt that debt stacking suggests that you pay off first is called your target account.

When you pay off the target account, you roll the amount you were paying toward your next target account. As each debt is paid off, you continue this process. Debt stacking allows you to make the same total monthly payment each month toward all of your debt and works best when you do not accrue any new debts.

You continue this process until you have paid off all of your debts. When you finish paying off your debts, you can apply the amount you were paying towards your debt toward creating wealth and financial independence!

Like this page for more 💎

COMPOUND INTEREST INVESTMENTS
The Power of Compound Interest shows how you can really put your money to work and watch it grow.

When you earn interest on savings, that interest then earns interest on itself and this amount is compounded monthly. The higher the interest, the more your money grows!

If you saved $200 each month, after 35 years, your money would have only grown to $148,680 at a three percent interest rate.

At a six percent interest rate, it would have grown to $286,370.

If you received a 12 percent interest rate on your savings, your money would have grown to $1.3 million!

The sooner you start to save, the greater the benefit of compound interest.

Like this page for more 💎

THE RULE OF 72

Do you know the Rule of 72? It's an easy way to calculate just how long it's going to take for your money to double.

Just take the number 72 and divide it by the interest rate you hope to earn. That number gives you the approximate number of years it will take for your investment to double.

As you can see, a one-time contribution of $10,000 doubles six more times at 12 percent than at 3 percent.

0
$10,000
$10,000
$10,000
6
$20,000
12

$20,000
$40,000
18


$80,000
24
$20,000
$40,000
$160,000
30


$320,000
36

$80,000
$320,000
42


$1,280,000
48
$40,000
$160,000
$2,560,000

How many doubling periods do you have in your life?

*This table serves as a demonstration of how the Rule of 72 concept works from a mathematical standpoint. It is not intended to represent an investment. The chart uses constant rates of return, unlike actual investments which will fluctuate in value. It does not include fees or taxes, which would lower performance. It is unlikely that an investment would grow 10% or greater on a consistent basis.

Like this page for more 💎

THE THEORY OF DECREASING RESPONSIBILITY

According to the Theory of Decreasing Responsibility, your need for life insurance peaks along with your family responsibilities.

When you're young, you may have children to support, a new mortgage payment and many other obligations. Yet, you haven't had the time to accumulate much money. This is the time when the death of a breadwinner or caretaker could be devastating and when you need coverage the most.

When you're older, you usually have fewer dependents and fewer financial responsibilities. Plus, you've had years to accumulate wealth through savings and investments. At this point, your need for insurance has reduced dramatically, and you have your own funds to see you through your retirement years.

Like this page for more 💎

THE COST OF WAITING TO SAVE FOR RETIREMENT!!!

Want to save $1 million by age 67? You'd better get started soon.

The longer you wait, the more you'll have to put away each month to reach your retirement goals.

27 years old? You have to put away $214 a month to reach $1 million.
Start at age 37, and you're putting away $541 a month to reach your goal.
Begin at age 47, and you'd have to put away $1,491 a month.
Wait until age 57, and you're putting away a hefty $5,168 a month.
Wait until the last minute (age 62) and you'd have to stash $13,258 a month to reach $1 million by age 67.
So, the sooner you start saving, the fewer dollars you'll have to put away each month to reach your retirement goals. Don't pay the high cost of waiting!

Like this page for more 💎

Think you don't make enough money to save some of it? Think again!

If you earn $25,000 a year for 40 years, you will have earned $1 million! Earn $35,000 for 40 years, and you've earned $1.4 million. And if you earn $45,000 for 40 years, you'd have made $1.8 million!

Pay yourself first and you can get ahead in the savings game. Here's what can happen when you save just $100 a month for 40 years:

At three percent interest, you would have about $93,000.
At five percent interest, you'd have about $153,240.
If you received a nine percent interest, you'd have about $472,000.
That's the power of paying yourself first! And remember, it's not what you earn - it's what you keep!

Like this page for more 💎