John Dearing, CFA’s Post

💡 For retail clients, the goal is often to cover the full loss. Microinsurance solutions instead should focus on immediate assistance rather than full compensation. 𝗥𝗲𝘁𝗮𝗶𝗹 𝘃𝘀 𝗺𝗶𝗰𝗿𝗼𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 🏥 Traditional insurance aims to indemnify, covering costs such as hospital bills or fire damage. 🆘 For microinsurance clients, insurance should be conceived primarily as an assistance. 𝗪𝗵𝘆? 💰 The premium you can charge to low-income clients is limited and will not suffice to cover an entire loss of crop or health treatment. 🚨 Moreover, low-income families have scarce financial means. If the insurer is not around when the hospital bill or funeral parlour needs to be paid, low-income families must tap into their scarce savings, take out an emergency loan or sell a cow or other assets. ↯ The value of microinsurance is reduced significantly in such a scenario. 𝗛𝗼𝘄 𝘁𝗼 𝗮𝗰𝘁? ⏩ Successful microinsurance solutions prioritise assistance over mere loss coverage. That requires a radically different approach to ▸the product design ▸how claims should be reported and processed ps. Do you know any #microinsurance solutions that are designed as an assistance? ⠀

Access to Cash: Having quick access to cash can be crucial during emergencies. Cash value life insurance policies offer a unique feature where a portion of your premiums is set aside into a cash value account. Over time, this cash value grows tax-deferred and can be accessed through loans or withdrawals. This feature can provide a financial safety net, offering liquidity when you need it most. However, it's important to understand the potential impact on your policy's death benefit and the interest rates associated with borrowing against your cash value. Want to know more? Contact us www.nis.vegas (702) 330 3337 [email protected] . . . #termlifeinsurance #savings #protection #Covered #secure #lasvegas #nevadacity #lasvegasinsurance #insurance #nis #nevada #nevadainsurance #lasvegasinsurance #lasvegas #insurancelife #insuranceagent #insuranceagency #termlife #termlifecoverage #savemoney #lifeinsurance #homeinsurance #solutions #solutionsforlife

Don’t buy life insurance… Statistics show that many families manage to cope without it. They often end up selling personal belongings to cover expenses, taking on extra jobs or side hustles, and moving in with relatives to cut costs. Many rely heavily on credit cards and loans to stay afloat, or turn to crowdfunding and community support. While 70% of families struggle financially after the loss of a breadwinner, they find ways to survive, just as yours will. #LifeInsurance #AutoInsurance #homeinsurance #financialplanning #insure_sense

Why Wealthy Families Use Whole Life Insurance Policies. They don’t use it only for the death benefit.. they use it to earn consistent growth, its completely TAX FREE, and they are able to use it as their OWN BANK ♾️🏦 borrow money at a low interest rate and invest it in Income Producing Assets 🏠 while Earning Uninterrupted Compound Interest in the WL policy. Therefore, leveraging the same money in 2 different places 🤯. Comment INIFINITE BANK ♾️🏦 if you like to learn more! #infinitebanking #beyourownbank #wl #iul #wholelife #guarantees #leverage #realestate #passiveincome #residualincome #fyp

Nothing is more important than securing your child's future. A child insurance plan gives a defined payout at a defined period of time to make the future of your child secure even in your absence. Contact us :- Websites : - https://lnkd.in/dzkQPUHv Call today If you have Question Ask us : 093157 11866 , 01204150300 #prahim #prahiminvestments #insurance #childinsurance #childfuture #FuturePlanning #secure #peaceofmind #termplan #terminsurance #InvestInYourself #quotes #financialadvice #InvestSmart #investments #InvestmentStrategy #savings #financialadvisor #adviser #financialservice #FinancialSuccess #SIP #termplaninsurance #termplans #planforfuture #funwithfamily #fillhappiness

👼 The “Multi-Generational Family Bank” is born by combining Trusts📜 & Infinite Banking 🏛 Life Insurance Policies on each family member 👨👨👦👦👩👧 within the irrevocable trust. These plans can be complex 🤔 & 🤑 expensive in terms of legal fees & administration, so it’s an ideal to work toward as your wealth grows. ☠Done correctly though, it is a way to speak beyond the grave and maintain some semblance of control with your wealth to ensure your values are transmuted down to future generations with the wealth that passes. 📱 DM us to learn more about how to customize infinite banking within these types of plans. #GenerationalWealth #Legacy #Trusts #FinancialFreedom #BeYourOwnBank #MoneyMatters #ThinkOutsideTheBank #InfiniteBankingStrategy #IBC #Insurance #WholeLifeInsurance #WholeLife #GenerationalWealth #Finance101 #FractionalBanking #Finance101 #Entrepreneur #Property #RealEstate #PayYourselfFirst

Is AARP aware of a practice of AARP The Hartford to charge higher premiums on home and car insurance under unproved and false claims of "factors from your credit report"? Upon examination of my credit report, none of the false claims included in my policy report were true. The resulting conversation with AARP The Hartford concluded with a reimbursement check from overcharged premium totaling over three thousand dollars. The updated reduced policy was issued with the same Notice Regarding Use of Consumer Reports: "The following factors from your credit report had the most significant influence on your insurance scores:    Lost or stolen credit cards    Presence of past late payments    Number of auto loans currently open    Number of real estate loans ever opened By improving the above factors, you can strengthen your insurance score, which can result in lower insurance premiums in the future." NONE of the four factors are true, they are not on my credit report from Trans Union. Trans Union is the agency that AARP The Hartford claims issued the report. Is this the AARP's definition of protecting older adults to help reduce poverty and financial hardship?

How long do I have to wait to access the cash value? It depends on the insurance company. Some companies allow policyholders for certain insurance products to receive policy loans in the first year of the contract. Other life insurance products like survivorship policy, for example, may not allow for policy loans until the second year of the contract. And still others allow loans after the first year, but not during. #InsuranceBusinessConcepts #Finance #IBC #LifeInsurance

Considering the slim profit pulled in by even the busiest dispensaries, cost-cutting measures are understandable, but insurance shouldn't be the first item on the block. Even when leasing a small location, it's recommended to budget for some property insurance. Working to set reasonable limits will afford adequate coverage without breaking the bank. 🌿 Learn more: https://buff.ly/3SFDON8 #Cannabis #Insurance #PropertyInsurance

Today marks a significant milestone for Cancer Survivors in Ireland as the Insurance Ireland Code of Practice for Underwriting Mortgage Protection Insurance for Cancer Survivors is introduced. The Code is applicable to both new and existing mortgage protection policies, ensuring fair treatment for all. Check out our blog from June 2023 in the comments for a plain English breakdown of the Code. #CancerSurvivors #InsuranceIreland #MortgageProtection #FairTreatment