Contracts are critically important in modern society. Most of the problems that people face in life are due to the fact that they didn’t have the proper contracts in place. For our purposes, we’ll look at every type of insurance that you need in your life, as well as wills, trusts, and business entities. Most of the horror stories that you hear of people whose lives have gone horribly wrong financially involve a mistake in this area and so a wise plan establishes a firm foundation for Your Fruitful Tree with solid roots!
You’ll learn how each area of insurance works. Likewise, you’ll find out which methods of implementation are most profitable for your insurance company as opposed to which strategies offer you the best protection at the lowest cost. (You’ll find that many of the ways you currently carry your insurance are most advantageous to the insurance company and not exactly what you will want once you understand each policy better.) You’ll also learn how different policies can be incorporated to work together for a more efficient plan. Many people feel like they have everything taken care of through their employer, but once they investigate what they have they begin to see that this is not the case at all.
You’ll learn about:
- Automobile insurance
- Homeowner’s insurance
- Liability insurance
- Disability insurance
- Medical insurance
- Life insurance
- Wills
- Trusts
- Business entities
The goal is not to make you an expert in any of these areas, but instead to have an understanding of the ways in which each area works and how you can best implement a strategy which will increase your protection at the lowest cost possible. Often, clients are able to reduce their overall cost of insurance while dramatically increasing their coverage.
Knowing that you’ve done everything possible to protect your family and wealth from every possible disaster the world could throw at you alleviates any worry or stress associated with the “what ifs” of life and allows you to spend your time and energy focusing ahead on productive activities. Rather than being a target waiting for disaster to hit, Your Fruitful Tree is a secure house built on rock.
This is the second post in a new series about Your Fruitful Tree. To continue with this series, click on Pt 3. To read Part 1 click here.
Artwork credit: “The Roots”, original artwork by Don Tate