Cover your family’s six.

Guys I have debated whether or not to send this out. I don’t want to seem crass or opportunistic but it is truly weighing heavy on my heart.

“We weren’t prepared to lose him…” Cardinal’s Wife.

Men this sentence has sat heavier and heavier with me since I first read it. Being a part of F3 means being a High Impact Man. One part of being a High Impact Man is making sure your family’s six is covered. Your M’s and 2.0’s will never be prepared to lose you but you can make sure that they are prepared to lose you.

Men, if you don’t have life insurance/income protection now is the time to get it. We have seen firsthand how immediate and unplanned our lives can end. Please, please, please don’t disregard this message. It is easy to get, monthly costs as much as a dinner for a family of 5 to eat out, some is ALWAYS better than none, and it never hurts to look it over again to make sure you have enough.

A few tips for buying life insurance:

Stay away from products that have savings tied to them. Products named, Whole Life, Universal Life, Cash Value etc. Stick with Term Life Insurance.

You’ll want your term to carry you ideally to retirement age. At which point you will hopefully be self insured with your retirement savings.

Don’t sacrifice term (length of coverage) for amount of coverage. Can’t afford $500,000 for 20 years now, then get $500,000 for 10 years and renew later.

You typically want 10 times your bring home pay. I.e. Your salary is $60,000 per year but $50,000 hits your bank account, then you’ll want $500,000 in coverage. That amount can be put in an investment account that will allow your wife and kids to withdraw 10% or $50,000 per year for 10+/-. This will allow your family time to grieve, give them margin,keep your family in their home, keep cars, etc.

If your M works you’ll want the same scenario listed above for her. If not, she still brings value into your home and you will need to hire someone to help out for a while. So consider coverage either way.

If this is confusing or you want to know more please reach out to someone you know. If you don’t know anyone or would like help navigating this please reach out to me. This is my passion in life. Making sure that families’ financial houses are strong and shored up.
I will gladly look over anything you have free of charge to make sure you and your family are properly protected. Don’t read this and not act on it. Reach out to me or someone you know. Just cover your family’s six.