Ready Set Free

Please don’t treat or think about Life Insurance like you do car insurance. Shopping around for lower rates when you already own a policy is not always smart.

Every policy has a 2 year contestability period. That means if you pass away within the first 2 years of owning the policy, the insurance company may choose “investigate” the cause of death. The payout can be contested if the death contradicts the answers given on the original application.

Guaranteed issued life policies always have these terms built in to them. (Please know that even if the insurance company declines to make the full payout, the beneficiary will get the premiums that had been paid returned to them.)

Because life insurance underwriting is based on your age, s*x and health, it is always increasing due to your age, your s*x is a constant factor and your health usually declines as you get older which increases your rate or could make you overall ineligible.

Every time you switch life insurance polices, you are restarting your 2-year contestability period over again.

➡️ Life insurance will always be the cheapest when you buy it when you DON’T need it. At your youngest and/or healthiest time of your life.⬅️

In my next post, I will discuss the difference of life insurance and pre-need policies.

Read and take action. 👇🏽

Please do AT LEAST ONE of the following 2 below. 👇🏽

1️⃣ Add a joint owner to your checking, money market and savings accounts at the bank.

➡️ OR

2️⃣ Add a beneficiary to your bank accounts.

Most banks DO NOT automatically include the beneficiary form when you establish your accounts. Usually you have to request one and many people are not aware of this.

If you have no beneficiary listed, proceeds are either sent to the state’s unclaimed property division or states may submit the funds to the probate court/process.

On a joint owner listed account, assets are not frozen at death of an owner and the other owner still maintains access.

Be sure to complete the beneficiary forms on all of your other asset accounts such as your 401k, 403b, IRA, CD, mutual funds, stock account, forex account and centralized cryptocurrencies etc at your bank, investment firm, brokerage firm, wallet providers and employer. (You will need to go into the location to complete the form or contact them to find out where to get the form and how to complete it.)

These steps are relatively easy to do, ask if you need help.

Please read and take action. 👇🏽

Your bank accounts should have either:

1️⃣ A Joint Owner listed on your account

➡️ OR

2️⃣ A beneficiary form on that account. (GO to the bank to inquire about it and fill one out.)

Most banks do not automatically include this form when you establish your account. If you have a beneficiary listed, funds in those accounts will transfer to the named person(s). If not, funds will be either sent to the state’s unclaimed property division or could be subject to probate (depending on your state.)

Joint owners would maintain all rights to the account upon the other owners death.

Be sure to do this for all of your retirement accounts too (401k, 403b, mutual funds, IRAs, CDs.) Accounts held at the bank, investment firm or at your employer, those proceeds will usually follow the same rules as your bank accounts in your state.

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So many changes, so much happening all at once? Where will the true real estate market prices settle?

This day, Kevin Wilson and I have a leisure conversation about our property history and where we imagine the real estate market will go from here.

Apple https://podcasts.apple.com/us/podcast/ready-set-free/id1538342715?i=1000541097738

Spotify https://open.spotify.com/episode/69FitdTGoXP3wq5acnsAtv?si=iXMlsZ2pTu2eGXeyJkbDWw

Captivate
https://player.captivate.fm/show/bd28fe03-e4d3-42d9-90b8-1df06aca3e7a/latest/

🗣🗣🗣 I’M BACKKKK!!

Tomorrow morning at our normal 6 am time slot.

Instead of stimulus checks, please give everyone bitcoin. Bravo to Major Stewart! 👏🏾👏🏾👏🏾❤️❤️❤️

Giving Bitcoin To A City With Mayor Jayson Stewart Jayson Stewart, mayor of Cool Valley, Missouri, discusses giving bitcoin to his constituents and why Bitcoin is fundamentally American.

Here is the first US FDIC insured bank to offer cryptocurrencies to their account holders.

Please note, you can only buy and sell and hold it with the bank. You can not spend or move it away from their institution. So it is not true ownership. No keys, no cheese right? If you do not have access to your own private keys you really do not own it. Cryptocurrencies are meant to be used, spent, exchanged, traded etc.

Also that the are first bank to offer it to their EVERYDAY customers. All major banks have offered cryptocurrencies to their WEALTHY clients for many years already.

https://www.forbes.com/sites/jasonbrett/2021/09/01/with-coinbase-and-sap-vast-bank-offers-bitcoin-ethereum-cardano-and-litecoin/