I have talked some about becoming your own banker. This is called The Infinite Banking Concept. This concept requires a shift in mindset. This is because we have all been conditioned to borrowing money. But think about the advantages, 1) no debt, 2) money for retirement, 3) an automatic (and growing) estate, 4) a real retirement without the higher taxes we all expect and 5) and a person saves a LOT of money.

So the concept goes like this: a person has paid off personal debt using this concept. They now purchase their automobiles/trucks using this concept, and yet the money continues to grow. What now?

Now they are in position to take it to the next level. Many things they could do, but one idea is to lease equipment to their own corporation. The equipment is in their personal name, and they reap a profit from their corporation from the interest built into the lease.

There a lots of scenarios like this. But the first step is learning how to get started. That’s what I am here for.

Call me and let me show you how this concept can work for you.

Michael P Myers
209-390-1163

Over the thirty years or so I have been working in sales, I have seen sales gurus come and go. Their advice sometimes has merit, sometimes it simply does not. Some are genuinely interested in helping others in sales learn what it is people want and need. Others just like the sound of their own voice.

One of the worse pieces of self-proclaimed wisdom is the strong idea that a sales person should never become “an unpaid consultant”.

I could not disagree more. Here is why:

Product – no matter what it is – insurance, financial services, legal aid, plumbing, carpentry … well, you get the idea, no matter what it is – it’s just a commodity.

Customers form their strongest relationships with people who give the most value. In today’s selling environment, what you sell — be it a product or service — is, in itself, the least valuable thing that you offer. In fact, it is probably viewed by most buyers as a commodity
But good advice is something people do not get from very many people. Good advice trumps whatever the product is by a 1,000 percent!

So ask me any question about insurance. I am here to help, even if I don’t have something that will be useful to you. The worst case scenario is I will point you in the right direction. And if I can help you, I will give you the choices you need to make a good decision you will be happy with for a long time.

Being in the insurance industry since 1978, I have listened to people’s concerns. And I understood.

• “I pay for life insurance, but I never get any benefit from it.”
• “Yes, I need Long Term Care Insurance, but I can’t afford it.”
• “I am worried about getting hurt or sick and not being able to work. But I can’t pay for life insurance and disability income insurance. It’s one or the other, so I guess it’s like insurance.”

In times past, I could understand why a person could feel that way. But today’s policies do more than yesterday’s policies.

I have a policy that I’d love to show you. It’s life insurance – but it’s also long term care insurance (and you won’t believe how good it is!), it’s also critical illness (cancer, etc), and it’s also disability income. You have got to see this for yourself!

If you work in law enforcement, or for the state government, you really need to look at this and compare it to your present program(s). You will be very pleasantly surprised!

Call me (209) 390-1163 or email me (michaelpmyers@gmail.com) and let me show you how good it is. You may even save money from what you are presently doing … it’s that good!

Michael

Disclaimer: From a legal standpoint, this is a life insurance policy. But it does the things I describe. This post is not intended to be a legal description. I provide that at the time of illustration (or before on request).

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.

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.

A recent experience got me to thinking…

Our local grocery store is owned and managed by a nice family. The family has been in the community for over 100 years. Apparently they rely a great deal on their delivery people to “decide” what they will carry in their grocery store. I do not know why they choose to do this, but, convenience aside … I think they make a mistake by allowing others to decide what products they will carry.

Why do I say this?

Here’s an example:  My family enjoys a particular brand of Chocolate Chip ice cream.  Apparently we are not the only ones, as it is usually the first flavor to sell out at the local market.  Now, the way I see it – “supply and demand” dictates that if a product “sells out” consistently – you might want to stock more of it and less of some other flavor that doesn’t sell as well.

Not at our local market.  At our local market when the demand increased for this particular item – the ice cream delivery person simply stopped stocking it. This makes his job easier I guess.  So now, when he delivers his stock, there is not as much he needs to unload.  I can only surmise that the delivery man must be a simple wage-earner.

Now I assume my local market earns money on each item sold. But I have noticed that they follow this same logic with other popular items they sell.  If it sells well, evidently in order to not have to stock quite so often, they just don’t carry it any more.   I guess your store shelves remain filled this way, you require less personnel for stocking, and the quiet, easy going manner in which you’ve always operated remains uninterrupted.  More time for fishing that way.

Here at mpmyers.com – we do not reason this way. We are here to serve you, our client. This means we are willing to work for you.  We sell you – not what is easiest for us – rather what our clients want and we work very hard to obtain exactly what you need. We take that very seriously, and we have for 30 years.

Next time you have an insurance need – call me. If I don’t have it, or can’t get it, I will likely be able to direct you someplace where you can get it. I won’t try to sell you Rocky Road – when what you want is Chocolate Chip.

For years, those of us in the insurance business who sought to put our clients first called ourselves “Brokers”. Now the term Broker is really a misnomer, for we are in fact – from a legal standpoint Agents.

With that thought in mind – call me an Agent of Change. Changes are coming, there is no stopping them. My job is to guide and advise you in how these things impact you.

Whether it be in the medical insurance field (under or over 65), employee benefits (or outsourcing employees), planning for long term care, or using old products such as life insurance in new and better ways – to “bank on yourselves” (you have to see this illustrated to understand how different and better this concept is over the old ways of doing things) – call me. I am here to help you. I am an Agent of Change.

Michael Myers

My wife and I just got back from a trip to her home town.  Her aunt passed away, so we attended the funeral.   My wife’s aunt had things well arranged ahead of time, and so things went very smoothly for the family with arranging for the funeral.

The family was free to concentrate on the things that mattered, remembering her, re-strengthening family ties and visiting with loved ones who were able to make the journey “home” to pay their last respects.  All of the business of funeral planning had been taken care of in advance.

Pre-planning and writing down one’s wishes only makes sense. And one does not need to be “old” to do this.  As it says in the book of Ecclesiastes:  “Time and unforeseen occurrence befalls us all.”  So, it is prudent to plan for the worst and hope for the best.

Do you have a Memorial Guide?  I feel so strongly about their importance, that much of what I offer with regards to completing one, I offer without charge (free).

 If a person’s circumstances change, they can update their Memorial Guide as the need exists. It literally only takes a few minutes to make a change.

Some people might say, “Oh, I have that in my will.”

While I highly recommend having a will, it is often the case that a will is not read until sometime after the funeral. One of the benefits of having a Memorial Guide prepared is that it provides your survivors information as to where your will is located as well as other important matters. (If you do not have a will, I can get you a discount on having one made. It costs less than one hundred dollars).

Your Memorial Guide also provides information as to how you are funding your last arrangements. This could be money you have that is set aside for this purpose or you may have funeral insurance* – a form of life insurance that is designed to provide funds quickly.  All of this important information is contained within your Memorial Guide.

*Funeral insurance is low cost and often available even in situations where traditional life insurance may not be possible.  Ask me about it, and I will be happy to tailor a plan to your specific needs.

I’m here to help you with this. I offer the Memorial Guide and advice free to all who ask for it. Give me a call or email me and I will provide you with your free Memorial Guide.

When people think of life insurance, many think of the time when they are raising their children, and this is a very good reason to purchase life insurance. When young, a reasonably large amount of insurance may be purchased for $25 to $40 per month. Nothing equals this for value in protecting one’s family.

However, life insurance has many uses, and at times what is a type of life insurance is thought of differently. Here are just five areas where life insurance may be utilized to accomplish a persons goal …

1. To assure a mortgage is paid, even if one dies prematurely. Various riders may also protect one’s income while sick or disabled in some way.
2. To provide funds for the children’s education and/or their future insurability (they will have insurance even if they later developed some sickness). The best part is, this is at a very low cost. It is not uncommon for Grandparents to fund this as a gift to their grandchildren.
3. To provide money to satisfy estate issues, in cases where a person has a large estate.
4. To provide funds for a buy-out in a partnership (should one partner die, leaving heirs as the new “partners”).
5. And not to be overlooked is the excellent job that life insurance provides in funding a person’s last wishes. Such things as funeral and health insurance deductibles and other expenses that can mount up when a person is ill. This type of “life insurance” can in many cases be issued even when others cannot. And the best part is, these types of “life insurance” do not get hung up in the claims process. They are designed for this purpose.

There are many other reasons to purchase life insurance. The important thing to know is that “life insurance” is a general term that includes many different products. What is good for one situation may not be good for another. I can help you with education on this, so that you will make a choice you will be happy about later.

The Wall Street Journal reported that court-appointed trustee Irving Picard is now looking to Madoff’s clients who got their money in previous years for them to ante up so that the money can be distributed “fairly”.  To this end, he has filed so-called “clawback” suits. In other words, although these people were completely innocent of any wrongdoing, Mr. Picard wants them to become victims also, so that everyone suffers equally. The implications of this are far reaching. How could anyone ever trust any investment if people like Mr. Picard are allowed to back date things?

If you are in this situation, you may wish to consider moving this money into “exempt” assets. One of those assets could be life insurance, annuities and other retirement accounts. You may want to do this quickly.

I can help you with this. Each case is different and will require my services as well as a qualified CPA or tax lawyer that can give you independent advice on this. Let me know if I can help you with this. I work closely with other professionals in complicated matters like this.

But whatever you do, do it now.