Hello, welcome to the love healing service studio! My name is Carol. I'll share with you some life note and hope can help our life journey!
What is the concept of "insurance"? Insurance has two meanings: one is to take precautions! Another risk sharing! And Chinese people often use insurance to make money. This is a wrong idea. Why do I want to share insurance with you? Because when we buy the wrong insurance, we will have huge losses. We often see that many insurance agents just make money and never think about customers really need! By helping customers make the most valuable insurance policy. Repeating insurance policies and policy item errors is a waste! I took courses in American about Life insurance and Property and Casualty insurance , but I was not very interested in the insurance industry, so I gave up!
Why buy life insurance? That is, the interest rate is better than that of the bank, and one more protection for your body! When we buy life insurance, we should find good a agent because a good will follow your insurance claims not just ask you to pay premium.
Asian American landlords don't like buying home insurance! Generally, if you have a house to rent in the United States, you should buy tenant insurance. If the tenant destroys your house, and the tenant cannot pay the rent, the tenant insurance can be responsible. Just like the United States, you must buy third liability insurance if you buy a car. We are not protecting our own car and life, but the life of the other person. If a car accident is caused by our own dangerous driving and others make a claim against you, it will often lead to bankruptcy. Buying insurance is to prevent one's bankruptcy!
There is also a retirement mutual fund in the United States! I am not very suggestions about this, such as IRA and Ruth IRA, because in the past, many people have been working hard and buy retirement mutual funds. As a result, those fund managers have high level and risk operations, so that these hard-working people have their retirement accounts become negative equity! The managers of the retirement funds are very important. If they use the money of the funds for stock trading, they do not pay attention to operate the high level risk and loss money on the customers! There is also a kind of manager who is quite bad, losing money from clients and making a lot of money for themselves! So I’m not recommend for IRA or Ruth IRA. I know a lot of agents make more commissions from IRA and Ruth IRA.
The most popular type of insurance now-long-term care! Because every country is now aging, and long-term care insurance for aging is even more important! Why buy long-term care insurance? We all know that elderly people are the most susceptible group to get sick, and after retirement, many elderly people go to see a doctor almost every day, and seeing a doctor becomes their jobs! After the elderly retire, their incomes are reduced and they suffer a lot of illnesses. If they do not have long-term care, they will often drag their families down, and the last journey of their lives will be quite painful! Therefore, long-term care is becoming more and more important in this era!
When buying long-term care , we must pay great attention to: 1. Be young and have spare money, and don't cause you too heavy a burden! Why do I say this? There are unpredictable weather, and people have misfortunes and blessings! We don't know what will happen tomorrow? So, maybe if we buy long-term care, we don't use it for a day and bye! So, don't let long-term care cause you stress! 2. Long-term care insurance is a supplement, not all! You can't regard long-term care insurance as the only source of income for old age. Long-term care insurance is always to protect accidents, not to become the home of life! This is the concept of risk sharing in insurance! 3. Long-term care insurance is a subsidy for the risks we pay, but not all! Therefore, if necessary, you may still need to sell your own assets!
Ecclesiastes 11:2 Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.~ Our lives can depend on insurance to take precautions, but we don’t worry about rain every day in our lives! We all know that the plans cannot keep up with the changes! Insurance is to help us live more at ease, but not to trap ourselves in worries every day! And we must know ~ We can take away without a dollar in life! If you want to sell your assets, just sell your assets! Many elderly people choose euthanasia because they are afraid of life! This is quite a sad thing! Money is very important to the elderly, but not at all! If when we are young, we will invest in ourselves and invest our children or our neighbors. As Ecclesiastes said invest seven or eight people. We don’t need to spend all money on doctors when we are old. Medical school is so expensive. These doctors don’t make good money from the elderly. Whose money can they make? Therefore, the best investment is your own health and your children and neighbors. Physical health and mental health are very important! You have the good environment and social life will keep your health! God bless you!