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Key Takeaways

  • There are several ways to protect your assets:
    • Setting up a business entity
    • Setting up a trust
    • Homesteading your house
  • The most important types of asset protection are life insurance and disability insurance because they protect your most important asset, your ability to earn an income.
  • You're not buying insurance because of what you can gain, but rather, what you could lose, without it.


Permanent Life Insurance: provides lifelong protection, and the ability to accumulate cash value on a tax-deferred basis. Unlike term insurance, a permanent insurance policy will remain in force for as long as you continue to pay your premiums.


Term Life Insurance: also known as pure life insurance, is life insurance that guarantees payment of a death benefit during a specified term. Once the term expires, the policyholder can either renew for another term, convert to permanent coverage, or allow the policy to terminate. Term life insurance policies provide a stated benefit upon the death of the insured, provided that the death occurs within a specific period.


Disability Insurance: provides income protection for those who become disabled and can no longer work for a long period of time. Employees who have paid the Federal Insurance Contributors Act (FICA) tax for a specified period of time, are able to claim the Social Security disability income insurance.


Use the link below for insurance strategies from our Resource Hub:


Use the link below to connect with a professional or apply to be a WizeFi professional:


Follow the instructions below to record your insurance accounts:

  1. Click "add insurance account" and choose your account type.
  2. Fill out each field accordingly and then click save.
  3. Continue this process until you've added all your insurance accounts.