Life Insurance Essential Interview with Kissy Ariza, Life Insurance Rep.
I met with Kissy Ariza, a very personable and knowledgeable, high energy local NY area life insurance representative to ask some popular questions about getting life insurance. Many folks already understand the importance of having life insurance of some kind, somewhere with some company. Most of us even remember the “insurance man” who used to come around from time to time, and our parents bought whatever policies they could afford. Not so much in our busy lives today. Hence, there are a lot of misgivings and out right un-truths out there about insurance. One thing however is for sure, a good ironclad policy is a key part of any good personal financial planning.
Kissy Ariza was able to dispel some common misconceptions, verify some known truths and even offer some serious take away information. In this interview she gave some invaluable points that make it easy to understand why life insurance is such a big deal and necessary part of your finance arsenal.
“Buy when there’s blood in the streets, even if the blood is your own.” -Baron Rothschild
In this episode, being an opportunist when it comes to investing. Seeing opportunities in a down market environment, when things are at their worst, values are down and investing opportunities are ripe. Becoming a contrarian style investor, identifying intrinsic values and when to leap after them in several markets ranging from real estate to healthcare. Learn to look at every situation see past the cover and quantify the possibilities to invest and make money. In every climate whether there’s a political campaign or a protest at the very same campaign, someone is making a profit, someone had to make all of those signs and they weren’t made in China.
There there’s what’s known as “Luck”, while I don’t subscribe to the “Luck” thing… this saying makes a lot of sense to me, “Luck is when preparedness meets opportunity”. I mean, you were preparing for the opportunity, that makes you an opportunist in my book.
Whether there’s a catastrophe or a celebration, there’s someone being paid or making some modest profit. Funerals, weddings, sweet sixteens and graduations all use flowers, someone planning and executing for a price. As an opportunist, it becomes intuitive to see these things unfold and reap the benefits. While there isn’t a mile wide difference between exploiting and serving in many cases, there is a difference and those that serve rather than exploit as opportunists make out better over all and have long lasting results.
On today’s Right Now segment, a quick discussion on writing a will. No matter how much money you have or earn, a will may be more necessary than you think. People shy away from doing a will for all sorts of reasons, starting with believing because they’re not rich that there’s no need to make a will to just avoiding discussing the inevitable, death. However, anything you may want to leave from jewelry to cars, homes or keepsakes can and should be entered into a will. Any wishes for yourself and your belongings. For most people a will can be simple handwritten document taken to a notary and then filed with your local government, city hall can direct you on this. Another copy to be kept maybe in a safe deposit box.
Another thing to consider since you’re making a will is making a Healthcare Proxy or what’s known as an Advanced Directive. This document will tell others what your wishes are in the case you are still alive but are unable to make decisions for yourself. Int he case of a very bad accident or such, very ill and unconscious, on life support in some sort of coma. Do you want to be on life support, blood transfusions, etc. Same thing applies here if necessary, a handwritten document notarized and filed with the county clerk or local authority, city hall or whoever. And you can make changes updates or edits as much as you like and refile the document as often as you need to.
Check out a healthcare proxy template and living will forms provided by sharingyourwishes.org , it’ll give you some idea of what to include.