Yee Yin Fong’s Post

When Stacy first sat down with her financial professional to develop an estate plan, her goals were straight forward - she wanted to leave behind a legacy for her children and grandchildren without becoming a burden on them in her later years. She had invested diligently over the course of her career as an accountant and had a comfortable nest egg set aside for retirement. However, Stacy was concerned about the impact a chronic or critical illness could have on her financial stability and inheritance plans. The financial professional recommended that she purchase a life insurance policy with a chronic illness rider. This rider allowed Stacy to access a portion of the policy's death benefit if certified by a physician as unable to perform activities of daily living. While Stacy hoped she would never need it, she took comfort knowing there was a source of funds available if illness ever struck. Many years passed quietly and Stacy thrived well into her retirement, staying active and healthy. When Stacy was 82, she suffered a severe stroke that left her partially paralyzed. While her mind remained sharp, Stacy now required specialized care and would need to move out of her home into an assisted living facility. As Stacy’s assets dwindled under the weight of escalating medical and care bills, her son remembered the chronic illness rider. He contacted the life insurance company and helped Stacy file a claim for benefits. The tax-free payout from Stacy’s policy saved her remaining assets from depletion. She was able to move into a high-quality assisted living home near her family, where she enjoyed five more meaningful years before passing peacefully. Thanks to her foresight and strategic planning, Stacy still left a robust legacy to her heirs even after a prolonged illness - a testament to the power of utilizing living benefits. Schedule an appointment today for a complementary Financial Needs Analysis following which you will walk away with a customized financial solution tailored to your needs. Schedule here👉https://lnkd.in/dbTTPwgu #kelechiuguru #incomereplacement #livingbenefits #chronicillness Disclaimer! All names used are for illustration purposes, no connection to any real life situation or persons.

Join our "Family Legacy" Challenge! Here's how: 1️⃣ Think about the financial impact you now have on your family. College education? Dream vacation? Debt-free future? 2️⃣ Imagine their faces if they achieved those dreams. Feels good, right? 3️⃣ Now, be honest. Could they achieve them without you? Your biggest fan is your spouse: Could they manage the mortgage and bills without you? Your biggest fan is your child: Would their college dreams be put on hold? Your biggest fan is your parent: Would they face financial hardship you wouldn't want? Life insurance isn't just about protection, it's about empowerment. As a Life Insurance Senior Consultant, I help families build a safety net that launches their dreams, even if you're not there. Ready to become a Legacy Launcher? Let's chat in the comments and see how I can help you create a plan that secures your loved ones' bright future. https://lnkd.in/gfuX3mrN Through Good Times & Bad! - J.E #LifeInsurance #LegacyPlanning #LoveLeaveALegacy P.S. Share your ultimate family legacy goal in the comments! Let's inspire each other to make a lasting impact.

How disruptive would it be to your family if you weren’t able to work? Accidents and unexpected illnesses happen. And sometimes these things can derail you from doing all that you do, including earning a living. >>>Yeah, but I have disability insurance at work. Well, that’s helpful but it typically only covers about 60% of your income, often for only a short period of time. And if you leave your employer, your coverage will most likely end. When you obtain private disability income insurance, it’s yours to keep as long as you pay the premiums. Owning your own DI policy can supplement your group policy and put you in the best position to maintain your standard of living. And when your income is protected, you’re free to focus on healing and regaining your strength. Coverage usually costs between 1-3% of your salary, and benefits are paid out monthly typically after a waiting period. Your income is important. Protect it like you protect your home, autos, health, and life. To start the conversation and get a quote, schedule an intro call with me. _____ Adding clarity to your life with money. Retirement • Cash Flow • Net Worth • Estate • Education • Asset management • Risk management • Multigenerational • Morganization • Collaboration • What's next? Be ready!

Protecting Your Most Valuable Asset: Your Ability to Earn In life's grand tapestry, your career and ability to earn are not just about fulfilling ambitions but about ensuring security for yourself and those you hold dear. Yet, often overlooked is the thought of what happens if, unexpectedly, you find yourself unable to work due to an illness or injury. How would you ensure your financial stability and protect your lifestyle and dreams? The truth is, while we diligently insure our homes, cars, and other possessions, we tend to forget about safeguarding our most critical asset: our earning capacity. The possibility of a sudden illness or injury that could interrupt this ability is more common than many realize. It's not just a matter of health; it's about maintaining your independence, your financial security, and your family's well-being during challenging times. Imagine having a safety net that provides you with a portion of your income if you're unable to work because of a health issue. This isn’t about navigating hardships alone; it's about having the support to continue paying your bills, taking care of your family, and focusing on your recovery without the added stress of financial strain. Whether you're self-employed, a business owner, or part of the workforce, this safety net ensures that an unexpected health event doesn't derail your financial plans or compromise your lifestyle. It's about peace of mind, knowing that you and your family are protected, allowing you to focus on what truly matters - your health and recovery. We're talking about the critical step of securing disability insurance. It's an essential strategy for anyone who relies on their income to maintain their lifestyle and support their loved ones. Don't let an unforeseen event disrupt your life's plans and dreams. Let's chat about how you can protect your future and ensure that you're covered, no matter what life throws your way. Your ability to earn is precious. Let's safeguard it together. Email - Sgreen@legacyinsig.com / Web - legacyinsig.com / Direct - 561-305-1384 #FinancialSecurity #ProtectYourIncome #PeaceOfMind

🌟 𝗟𝗶𝗳𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗟𝗶𝗳𝗲 𝗦𝘁𝗮𝗴𝗲𝘀 🌟 Life insurance needs can change dramatically as we progress through different stages of life. Here’s how to tailor your coverage to fit your unique situation, from young professionals to retirees: 1. 𝗬𝗼𝘂𝗻𝗴 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀: Starting your career or just beginning to build a family? Now is a great time to secure life insurance that can provide financial protection for your loved ones in case of unexpected events. Focus on affordable term policies to cover debts, living expenses, and future needs. 2. 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗙𝗮𝗺𝗶𝗹𝗶𝗲𝘀: With a family to support, life insurance becomes even more crucial. Consider increasing your coverage to ensure that your dependents will be financially secure. Whole life or universal life policies can provide lifelong protection and build cash value. 3. 𝗠𝗶𝗱-𝗖𝗮𝗿𝗲𝗲𝗿 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀: As you advance in your career and accumulate assets, it's essential to revisit your life insurance needs. You might need higher coverage to protect your mortgage, retirement savings, and other investments. Evaluate options that offer both protection and growth opportunities. 4. 𝗡𝗲𝗮𝗿𝗶𝗻𝗴 𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁: Approaching retirement? Life insurance can play a role in estate planning and leaving a legacy. Consider policies that can help cover estate taxes, leave a financial gift to heirs, or fund charitable causes. 5. 𝗥𝗲𝘁𝗶𝗿𝗲𝗲𝘀: Even in retirement, life insurance can still be beneficial. It can help cover final expenses and ensure your legacy is preserved for your loved ones. Look into policies that offer flexible options based on your current financial situation. Regardless of your stage in life, selecting the right life insurance policy is crucial for peace of mind and financial stability. Book your paramedical exam with Medical Profiles today to stay informed about your health and make the best insurance choices for your situation. #LifeInsurance #FinancialPlanning #LifeStages #InsuranceNeeds #SecureYourFuture #PeaceOfMind #MedicalProfiles

A little over a year ago, I had one of those "wake up calls" that landed me in the hospital. I felt pressure in my chest that just wouldn't go away. - It was in the center of my chest, so I didn't think it was my heart. - But it wouldn't stop. - And my blood pressure was very high. I tried laying down - listening to music - resting - but nothing would relieve the pressure So probably like many of you, I reluctantly decided to call my doctor 😕 They said I had to go to the emergency room. Anything chest pain related required a visit to the hospital When I showed up at the hospital and told them I had pressure in my chest, it was like a 5-alarm fire 🔥🔥🔥🔥🔥 It was all hands on deck and within a minute I was in a wheelchair and into a bed with probes all over my chest. I have to give props to all the nurses and doctors at my hospital. 🏥 I was treated professionally and with care. After many tests, stress tests, ekgs and extensive monitoring, the conclusion was that my heart was fine. No problems. 🙌 It was just stress related. At the time I was doing daily stock options trading. My job was apparently beginning to impact me physically 🤷♂️ Maybe you can relate Why do I share this? Because just as easily it could have been something else. Life can change in a moment. I didn't "think" I was having a heart attack, but in all honesty, I didn't really know what was going on. With my current job, I daily deal with people thinking about retirement, life insurance and helping people ensure they are "ready" for whatever may happen. My question for you today is simple: Are you ready? 👉 Are you ready if something happened to you tomorrow? 👉 Do you have the life insurance that will take care of your loved ones? 👉 Are you ready financially if you could no longer work due to a disability or long-term illness? It doesn't take much time or money to ensure you are prepared financially for the unexpected. Life insurance with Living Benefits is a SIMPLE solution to a potentially BIG problem that families may unexpectedly face. DM me to find out how I can help you be ready for the unexpected. Blessings, Alan #lifeinsurance #retirement #lifeisshort

Safeguard Your Family's Tomorrow, Today #LIC Life's unpredictable nature can sometimes leave us feeling unsure about the future. But you can take control and create a safety net for your loved ones. Here's where a well-thought-out insurance plan comes in: Education, uninterrupted: Witness the joy of your children reaching their full potential by planning their educational expenses. Health care without worry: Medical emergencies can be stressful. Be prepared with a comprehensive health insurance plan that protects your family's well-being. Dreams turning into reality: Help your children achieve their marital aspirations without financial constraints. A secure retirement: Imagine your golden years filled with peace of mind, knowing you've planned for a comfortable retirement. Insurance acts as a financial shield, safeguarding your family against life's uncertainties. It gives you the power to: Face medical emergencies with confidence: Don't let unexpected medical bills derail your family's financial stability. Provide quality education for your children: Ensure your children have access to the best educational opportunities. Fulfill your children's dreams: Support your children's aspirations, be it higher education or their wedding. Retire with dignity: Live your post-retirement life comfortably without any financial worries. I'm a licensed LIC advisor, here to help you craft a personalized insurance plan that aligns with your family's unique needs and goals. Don't hesitate to direct message me to discuss your requirements and get expert guidance on securing your family's future. #FinancialPlanning #FamilySecurity #FuturePlanning #Investment #LifeGoals #entrepranuer #genz #newgeneration #job #health #takingcare #life #proffessional

🔒 **Secure Your Family's Future with Life Insurance** 🔒 Life insurance is a critical aspect of financial planning, safeguarding your family's well-being amidst uncertainties. At Georgia Safe Retirement Planners, we understand the complexities involved in determining whether both spouses need coverage. Here’s how we can assist you: 1️⃣ **Assess Your Financial Responsibilities** Evaluate your obligations—income replacement is vital if one spouse supports the household. Consider debts like mortgages or car loans, and factor in the economic value of stay-at-home parents, particularly concerning childcare and education. 2️⃣ **Choose the Right Type of Life Insurance** Decide between: - **Term Life Insurance**: Affordable coverage for a set period, ideal for temporary needs. - **Permanent Life Insurance**: Lifelong coverage that builds cash value, suited for long-term financial obligations. 3️⃣ **Balance Coverage Needs** Each spouse may require different coverage levels based on income and future needs. Striking a balance ensures both partners are protected adequately. ✨ **Our Commitment**: - **Comprehensive Needs Analysis**: A thorough review of your financial situation for optimal coverage. - **Custom Policy Options**: Tailored life insurance solutions to fit your budget. - **Ongoing Support**: Continuous guidance to keep your policy in line with your evolving financial goals. Life insurance is more than a financial tool; it’s about ensuring your loved ones are safeguarded from financial hardship. For most couples, having coverage for both spouses is a prudent choice for a secure future. 💬 Interested in exploring your life insurance options? Contact us for a free consultation, or read more here: [Georgia Safe Retirement Planners - Life Insurance](https://lnkd.in/ezrJ5TwH) #LifeInsurance #FinancialPlanning #GeorgiaSafeRetirementPlanners #FamilySecurity #InsuranceSolutions #RetirementPlanning #PeaceOfMind

🏡💼 Just the two of us we can make it if we try🫶 just the two of us👫 YOU AND I 💝 Of course! Imagine this: You're a couple, just the two of you, building your life together. You may think, "Why do we need insurance? We don't have kids yet." Here's why it matters even before kids come into the picture. 🟢Firstly, insurance isn't just about protecting children. It's about protecting each other. If one of you were to pass away, life insurance can provide financial support to the surviving partner. It can help cover bills, mortgage payments, and other expenses, easing the financial burden during a difficult time. 🟢Secondly, think about your future goals. Maybe you dream of buying a house or starting a business together. Insurance can be part of your financial plan to protect those dreams. For example, disability insurance can provide income if one of you is unable to work due to an illness or injury, helping you stay on track with your plans. 🟢Lastly, insurance can also play a role in your retirement planning. Certain types of life insurance policies , for example an Endowment Insurnace, which provides a guaranteed tax free lump at a certain age, which can use in the future to supplement your retirement income, actually be your retirement income, or cover unexpected expenses. So, even without kids, insurance can be a valuable tool in protecting your present and future together. It's about safeguarding each other and your dreams, no matter what life may bring. 🔆Follow and like for more insurance content #InsuranceForTwo #DreamBig #FinancialSecurity #future

Six years ago, our new client's life changed forever. Her husband was tragically killed in a car accident caused by a driver under the influence of drugs and alcohol. The driver was uninsured and eventually found guilty of first-degree manslaughter. Our client not only lost her loving husband and income support but also continues to suffer emotional pain. This devastating event left her facing numerous financial challenges: 🔹 She received only $25,000 under her uninsured motorist coverage - the minimum allowable in Oklahoma. 🔹 She couldn't claim widow's benefits for three years, as she was under 60. 🔹 Her husband's group term life insurance provided just $50,000. 🔹 The reduced pension she began receiving was far less than her husband's salary. 🔹 Living on a small Social Security disability income, she now had to make ends meet with a small pension, a rollover IRA, and her husband's 401(k), which together only replaced 50% of his pre-death earnings. If we had the opportunity to advise our client before this tragedy, we would have recommended: •Increasing her husband's life insurance, as the higher-income earner. •Raising uninsured motorist coverage to at least $500,000 - matching their net worth. •Boosting liability coverage on their home and auto insurance to $500,000 to protect their assets from litigation and preserve wealth. •Increase his investment into his 401k and so much more based upon goals and values. Financial planning is so much more than just saving for retirement. It's about protecting your family's future against unforeseen circumstances and being prepared before these events because life happens. We would have invited both our client and her husband to come in together to discuss their options and create a comprehensive plan that ensured they were well-protected and prepared for the worst-case scenario. Our goal for every client is to Plan,Accumulate, Grow, Preserve and Manage your Wealth. Please learn from our client's heartbreaking story and make sure you're prepared. A proactive approach to financial planning can make all the difference in the face of life's unexpected challenges. #FinancialPlanning #LifeInsurance #UninsuredMotoristCoverage #AssetProtection #TogetherWePlan