SAVING/INVESTING & LIFE INSURANCE (The Elevator Analogy) :
SAVING/INVESTING & LIFE INSURANCE (The Elevator Analogy) Let's suppose a man realizes that he needs $1,000,000 to provide adequate income for his family in the event of his early demise or for himself if he should live too long.
Being a loving, responsible father and husband, he is currently saving a part of his income with the hope of ultimately creating this capital for such eventualities. Furthermore, he hopes to have sufficient time in order to complete his plans.
Translating the scenario visually, let's compare his goal of saving $1,000,000 to that of reaching the 10th Floor of a building. Each floor representing $100,000. He can reach the 10th Floor in two ways. He can either take the stairs or use the elevator.
Using the “Stairs” to reach the 10th Floor can be compared to the goal of saving systematically until the desired amount is reached. There is no doubt that the goal can be reached provided he can save successfully, will be able to invest successfully whatever had been saved and he has sufficient time to complete his plans.
Under this method, however, if he should die prematurely or should get disabled, his family will only receive whatever had been saved plus interest earnings... never that amount as he had originally intended to accumulate. His other option is to use the “Elevator.” He only needs to press the 10th Floor button and no matter what happens along the way, that elevator will always bring him up to the desired floor. He will not be a “defaulter.”
In the business of living, loving and maintaining accustomed lifestyle, one such kind of a vehicle is LIFE INSURANCE.
SynergiaBusiness Presentations :
SynergiaBusiness Presentations Joaquin “Duke” G. Wilwayco8301 Ephraim Road, Austin, TX 78717Phone: (512) 799-2999
Fax: (512) 671-6377Email: dgwilwayco@aol.com