Ready Set Free

Please don’t treat or think about Life Insurance like you do car insurance. Shopping around for lower rates when you already own a policy is not always smart.

Every policy has a 2 year contestability period. That means if you pass away within the first 2 years of owning the policy, the insurance company may choose “investigate” the cause of death. The payout can be contested if the death contradicts the answers given on the original application.

Guaranteed issued life policies always have these terms built in to them. (Please know that even if the insurance company declines to make the full payout, the beneficiary will get the premiums that had been paid returned to them.)

Because life insurance underwriting is based on your age, s*x and health, it is always increasing due to your age, your s*x is a constant factor and your health usually declines as you get older which increases your rate or could make you overall ineligible.

Every time you switch life insurance polices, you are restarting your 2-year contestability period over again.

➡️ Life insurance will always be the cheapest when you buy it when you DON’T need it. At your youngest and/or healthiest time of your life.⬅️

In my next post, I will discuss the difference of life insurance and pre-need policies.

Here is the first US FDIC insured bank to offer cryptocurrencies to their account holders.

Please note, you can only buy and sell and hold it with the bank. You can not spend or move it away from their institution. So it is not true ownership. No keys, no cheese right? If you do not have access to your own private keys you really do not own it. Cryptocurrencies are meant to be used, spent, exchanged, traded etc.

Also that the are first bank to offer it to their EVERYDAY customers. All major banks have offered cryptocurrencies to their WEALTHY clients for many years already.

https://www.forbes.com/sites/jasonbrett/2021/09/01/with-coinbase-and-sap-vast-bank-offers-bitcoin-ethereum-cardano-and-litecoin/