Insurance and The Lottery
It’s not uncommon for people to have the view that insurance is like the lottery … a big gamble.
For a person who has never filed a claim, I guess I understand them having this view. However, I want to examine this conclusion for just a moment.
According to information posted on the Internet:
The odds of winning the California Super Lotto Jackpot are 1 in 18 million! Other lotteries may have slightly better “odds”, such as 1 in 15 million! (Feel better now?) Here is another way of looking at it: If one person purchases 50 Lotto tickets each week, they will win the jackpot about once every 5,000 years.
How do those odds compare to the odds of an insurance claim being filed? For instance, what about the chances of ever needing disability income?
If you are currently 25 years of age, there is a 1 in 44 chance you will be disabled and unable to work at some point in your life. This statistic increases with age, so that, when you are 55 years of age, the chances have increased to 1 in 27!
Similarly, what about the chances of needing some type of in-home or facility care (non-hospital) when a person gets older? To answer this, I will quote from the respected, Wall Street Journal, which stated
… a couple turning 65 has a 75% chance that one of them will need long term care.
This high risk can also affect the entire family where the children are at risk of a negative inheritance, also according to the Wall Street Journal.
Along these same lines, The National Academy of Elder Law Attorneys did a study and compared the risk of needing long term care with the risk of other financially devastating risks, such as a major auto accident, or a fire in a person’s home. According to that study, the rates of risk were:
- Automobile accident 1 out of 240 [0.4%]
- Fire damaging your home 1 out of 1,200 [0.08%]
- Needing long term care assistance 1 out of 2 [50%]
Of course the chance of dying is 1 in 1 [100%].
The biggest difference between the two “products” is – the lottery appeals to peoples desires, while properly selected insurance provides “Real Solutions for Real Risks”. Sometimes the real reason we do not make decisions about insurance coverage, is that we “know” we can’t afford all the types of insurance we could buy, so we just kind of dismiss them all.
I am here to help you.
I will never pressure you to buy this or buy that. I will provide you objective and well-researched information to tailor the product to your need and circumstances. This is true whether you’ve bought insurance in the past, or if you’ve put off buying insurance. I will help youget the best value for your hard earned dollars.
What is the cost of the insurance? Obviously this depends on you and your needs, but one thing I will assure you: it’s a lot less than buying lottery tickets!
Just ask … I can help! Call me at 209-390-1163 and I will show you the best way for you.
Employers Save Big Bucks on Health Care
With the push toward required health insurance, and the ever changing Topsy-Turvy world of politics, how does an employer plan? And what can be done about the spiraling costs?
Actually the answer to both of these questions is the same. Plan for change, but do what is good for you and your employees now.
But it keeps going up and I’m trying to run a business”.
Exactly!
The answer is not in “the beltway”, nor in “the box”. It’s well outside the traditional thinking that we (meaning both you as an employer/employee and us Insurance Guys) are told to think.
It’s really quite simple. It has to do with reallocation of both monies and priorities. You actually can improve your overall package and save money - a lot of money!
Its kind of like the old “work smarter, not harder” adage. Just because some say to do it a certain way, this does not mean its correct. In fact, I want to state clearly that you should not accept what you’ve been told is correct … because in most cases, I find that it is not.
How much can you save? Depending on the size of your business, your prior choices and the ages of your employees, it could easily be 25% to 45% of your total benefits package!The best thing is this, most would agree that your package will be better than it was before.
I have actual examples I could share with you. But better than that, why not get a real illustration as it applies to your situation?
To see how much you can save, call me at 209-390-1163 or 866-301-9652 today and I will get to work with an illustration as it relates to your business.
Call me today and be saving money by next month.
Michael Myers
Save Time & Money in Tax Preparation
Have me prepare them for you.
I was watching a show on TV the other night and saw an ad from a large tax preparation business – you know who I mean …
They were explaining how inexpensive it is to have them do your taxes if you are a person with only one employer and a simple return. It was a nice advertisement. But did you know that I charge less?
I also saw an ad for purchasing tax software and touting how inexpensive it is. It too was a nice advertisement. But did you know that I charge less?
I have prepared taxes for over 25 years – and have done so professionally now for three years. The simple returns that the large company was advertising for – well, I will save you money. And if you are self-employed – this is an area that I specialize in. I will help you maximize your deductions and I also will point out how you might do things differently through the year to help you when its time to file your taxes.
I get my education from both the tax preparation industry as well as my decades of experience in the insurance industry. With this background, I can often find things that others might miss.
Why not give me a call at 209-390-1163 and let me show you how I can help you. You may very well save money. You will deal only with me, not a host of people that may or may not be there when you need them.
Want to save money on your group insuance?
I am excited to announce that by combining two company’s products, I have found a new way to save the average small business (down to 2 people including husband and wife firms) a whopping 35% or so. And the benefits are often better! This is so good you’ll be amazed! Call me for more information.
How To Reposition Your Insurance Dollars to Protect Your Most Important Asset
I write a lot to those retired. But I’d like to spend a little time talking to those of you still working.
What is your most important asset? Your home? Perhaps your health? What about your income?
Do you know anyone who has or had cancer, a heart attack, or a stroke? How about chronic backaches? Were you aware that conditions of the bones, joints, and muscles — such as bad backs or arthritis — are the leading cause of disability today? Did you know that cancer is the second leading cause of disability claims?
Why is this important? Because the chances of us facing such a reality is really quite high. We call that our PDQ – Personal Disablity Quotient. (Click on the link to figure your PDQ).
But if you have not protected your most important asset – all is not lost. I very likely can show you how to re-position the dollars you are currently spending to protect all the things that matter – and not leave out your most important asset in so doing.
Call me at 209-390-1163 or email me (michaelpmyers @ gmail.com) and I’ll show you what I can do for you.
