Everybody wants to create financial success. This is a basic tenet of our society, a message taught to us from a very early age, and reinforced through the media, our families and our own pocketbook. Financial success can come from many sources, it can be the result of a well thought out plan, implemented over many years, it can come in the form of an inheritance, a new business or a divorce settlement. Regardless of how it is achieved, we are ingrained with the notion that having lots of money equates success, freedom and influence. Much of this is true, and creating wealth and security is an incredibly empowering experience.
Life Insurance really could have it’s own book, but there are basic types of life insurance you need to be familiar with in order to purchase adequate protection for your family. Everyone needs life insurance, in my opinion. There are the very few who are so absurdly wealthy that they are genuinely self insured, but they are few and far between.