Tuesday, July 14, 2020

Where to Turn for Finance Help?

Dear Friend:

I would like to introduce myself to you I am Derek P. Bliedung founder and owner of Columbus Financial & Success Coach. I started this business in 2011 after facing my own economical and financial crisis. Today we find our selves in a worldwide Crisis dealing with coronavirus. Don't forget we all in this together! This is the time that strangers become friends because we all need to help each other. What I have learned from my personal crisis it can be applied to help all my new friends out of their personal crisis.

The most important question you all are asking what can I do for you? The first step is when you come to see us we will do a personal analysis of your situation and make a recommendation based on your financial needs. No cookie-cutter one size fits all here. We will perform a cost reduction debt management plan that will save you money from your current expenses. What are you going to do with all that additional money-saving? We will formulate a debt management plan that will eliminate all your debts, over time: (based on your comfort level). Next, we will come with a wealth-building strategy to start building saving for the short term, and an Investment strategy for your mid-range and long-term goals.

The second step is a personal development which I call the “3 pillars of Success”. Your life situations do not matter. There is always room for improvement. Even if they are at an entry-level job or underemployed. You still can be recognized for better performance on the job and will be granted a larger increase in pay: (a raise). I have spent the last 7 years wonder why is the rich have more money than myself? The answer is simple some of us comes naturally to know this secret. Where others have to learn these lessons. After studying the books of the most successful authors in the area of success, motivations, and spirituality. They all say different words and come from very different backgrounds and have different methodologies. But what came out extremely clearly is we have to work on what I call the “pillars of success”, to become successful in our own lives. What each of them failed to state in their teaching, If we would combine all these “3 pillars of success” we can start becoming more successful in our lIves. Take this one more step to combine it with a personalized financial strategy: (In my own unique financial coaching. financial planning, debt management, credit counseling, and wealth-building the strategy you will become an unstoppable machine.

The second most important question What does all this cost? In fact, our prices are reasonable since we focused on people suffering hardship. We offer 5 hours of professional coaching for less than many pay for cable, internet, and phone every month. We also offer 3-hour packages and per hour as well.

Contact me today by phone at 614-282-3165, by email.

 or find more information at my website.

Thank you,
My new friend

Psychology Consumer Spending

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Wednesday, July 1, 2020

What Are The Different Types of Life Insurance Policies And There Pros & Cons

What Are The Different Types of Life Insurance Policies And Their Pros & Cons

Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries when the insured dies. The insurance company promises a death benefit in exchange for premiums paid by the policyholder.

The different types of life insurance policies and their pros and cons may seem complicated, but it’s not that hard once you know the basics. Below are five (5) major types of life insurance policies:

Whole life insurance

Whole life insurance is exactly what it sounds like: life insurance for your whole life that pays out to your beneficiaries when you die. Premium payment costs are usually locked in at the time of purchase, meaning the payments won’t change while you own your policy. The younger and healthier you buy, the cheaper your payments will likely be.

Universal life insurance

Unlike whole life insurance, universal life insurance offers more flexibility, specifically when it comes to premium payments, the amount of the death benefit, and the savings/investment portion of the policy. Universal life insurance policyholders can change the amount and frequency of premiums payments, so long as the first premium payment is made. This allows you to build investment savings and have a life insurance policy at the same time.

Term life insurance

Term life insurance is life insurance that is only active for a time period. If you die during this period, the person or people you’ve named as beneficiaries get the cash payout of the policy. If you live past the term period, your coverage ends, and you get nothing back. However, many term life insurance policies let you convert them to a whole life insurance policy, so you don’t lose coverage.

Typically, term life insurance policy premium payments (what you pay per month or year into your policy) are not locked in at the time of purchase, so every five or ten years you own the policy, your premiums could rise. The benefit of term life insurance policies is that they’re often a much higher coverage amount than other kinds of life insurances, meaning your beneficiaries could get a lot more money than if you had whole life insurance policy. They also tend to be cheaper overall than whole life, unless you buy a whole life insurance policy when you’re young.

Variable life insurance

Variable life insurance can be described as permanent life insurance with an investment component. The policy’s cash value can be invested in sub-accounts, and this has the potential to grow as the investments in those sub-accounts grow. On the other hand, the cash value might decrease if the investments decline.

Accidental and dismemberment life insurance

Accidental and dismemberment life insurance is usually a rider to a health insurance or life insurance policy. The rider covers the unintentional death or dismemberment of the insured. Dismemberment includes the loss –or the loss of use – of body parts or functions (e.g., limbs, speech, eyesight, and hearing). Because of coverage limitations, prospective buyers should carefully read the terms of the policy. Because accidental and dismemberment life insurance is limited and generally covers unlikely events, it is supplemental life insurance and not an acceptable substitute for term life insurance.

Derek P.  Bliedung is a former Primerica licensee insurance agent who later started the Columbus Financial Success & Coach, to bring members of the society from financial hardship to financing thriving.