Black Stallion Insurance Brokerage

New video out now, check it out‼️

Does this sound like you? Learn more from the New Year’s Resolutions Study and send me a message to learn how I can help.

One of the things I love that is different about life insurance than health insurance or property and casualty insurance, is that they are indemnity contracts and life insurance contracts are aleatory contracts.

Indemnity: This means you are not allowed to gain or profit from a loss. This means if it costs $4444.44 to repair your car, $4444.44 is what pay, minus your deductible. If the medical bill is $962.52, $962.52 minus your copay is what they pay. If the replacement cost of your burnt down house is $355, 622, that is exactly what they pay, minus your deductible.

Aleatory: Aleatory contracts are based on the party being obligated, as long as certain events happen. Meaning, the insurance company will pay out a death benefit, as long as the premiums are paid and the insured dies. Aleatory contracts are also by nature, an unequal exchange of value. Meaning, you will ALWAYS get much more in cash value or death benefit, than you pay in premium. Which seems more beneficial to the consumer? Like share, and follow for more.

Living benefits — propelling life forward

Millennials are the largest living generation with approximately $2.5 trillion in spending power as of 2020. They are business owners/entrepreneurs at higher rates than any other generation, and also have a higher savings rate than any other generation.
While emotional and mental well-being are a top priority, COVID 19 has more recently increased their focus on financial well-being using life insurance.

Advantages include:
• Guaranteed income tax free death benefit to help cover financial debt
• Access to policy cash values to help provide liquidity for life’s unplanned risks
• An optional indemnity Long-Term Care benefit rider
• Optional Index Participation to boost policy cash values
• An optional Waiver of Premium rider

If you would like to learn more, send me a message now.

Americans are increasingly resolving to manage their money better.

Get insights from the New Year’s Resolutions Study and send me a message to learn more.

Is the current cost of living affecting your retirement strategy?