For most people, when they think about life insurance, they start by getting it
despair. We get it, we’ve been there. That’s why we went to a
financial experts to manage.
Mike James is Vice President, Head of Life and Wealth at
NFP, a leading global insurance and financial advisor. A
A Boston native, born and raised in the Roxbury area, Mike “give
first” approach continues to have positive effects on organizations,
people, communities, and outcomes. He is motivated by luck
connecting people with solutions—and according to him, life insurance
Ownership is a great opportunity for everyone.
“Many people think that life insurance is something that has value for a
the death of a loved one,” says Mike. A death benefit is important, but term life insurance also offers savings in the form of savings within the policy. He added, “There are different types of life insurance, term or permanent, that you may want to consider for your
Here are some additional thoughts from Mike on the “why” behind
considering life insurance.
Life insurance and its value should be considered by everyone. It is so
especially in the Black community. “especially for women like her
they generally live longer and eventually become heads of the family
financial future.” Mike said. “This puts them in the driver’s seat
understand the importance of life insurance.” So, if you have no life
insurance today, it does not mean that you do not have to repeat as it is
change. There are several types of life insurance solutions that you may encounter
specific needs in different areas of your life.
Life insurance brings assurance in uncertain times. “My father died,
and he was the head of our family,” says Mike. He had life insurance
the rules that were given to my mother, who helped our family financially
responsibilities.” He explains that permanent life insurance was very valuable to him
family. If you buy early and it has an investment component, you
can accumulate profits. Instead, Mike used other funds
from his life plan to help with his children’s college education.
Its policies include life insurance and long-term care coverage. Like
By being his mother-in-law’s caregivers, he and his wife can now take advantage of long-term care benefits if the law requires long-term care.
“What I love is that life insurance has been with me all this time
my life,” Mike says.
Mike told us that he has many family members and friends who ask, “Why?
Do I want to pay for life insurance instead of saving, investing, or buying it?
more?” And for him, it’s short and long term
profit. “I try to make people think deeply. It’s not easy to do,
that’s why you need a trained professional to teach you
the real cost of having life insurance.
As a starting point he advises, “If it’s offered through an employer, get it like
how to justify yourself. It’s usually very simple and uncomplicated when you find it
along with the benefits of your employees. For those who cannot access it through them
work, it is important to get out of work. Our industry needs more people
in communities where they can talk intelligently about the benefits of life insurance.”
If you are ready to research life insurance, there are several
basic steps. “If you have a relationship with a financial institution or
experts, I encourage you to inquire about life insurance today. If you
does not have an existing relationship, NFP is a global insurance broker, and
we can help you connect! “… Mike said.
For help finding the right life insurance for you, get an estimate
as much as you want, and how much, go to the World.
Globally, NFP, and other third party companies are mentioned in this article
are separate and unrelated entities.