Solomon Godwin

02/15/2023

This is 'Unreal'... If people fail to plan, they are planning to fail.

Watch Moment 82-year-old Walmart worker learns he can retire thanks to GoFundMe campaign Video Online, on GlobalNews.ca

01/16/2023

Reread it again

04/26/2022

This will be useful, thought I should share it.

As worries around inflation, home prices and savings rise, Canadians are losing confidence they'll have enough cash to retire as planned.

03/09/2021

I have worked hard with my team to dispel myths that the majority of people hold about life insurance.

As financial professionals, we have regularly strived to help members of our community get coverage. Here are the biggest misconceptions people have about life insurance.

𝟭. 𝗟𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝘀 𝗼𝗻𝗹𝘆 𝗳𝗼𝗿 𝗳𝗶𝗻𝗮𝗹 𝗲𝘅𝗽𝗲𝗻𝘀𝗲𝘀.
We frequently advise clients that they need more than just “burial insurance.”

Most people truly believe in life insurance, but sometimes they can’t see its usefulness beyond paying for a funeral. To help them see life insurance’s many benefits, We approach the topic with a financial-planning objective.

We discuss how it can help with income replacement, debt protection, paying for kids’ college educations, and more. We also stress the many ways that life insurance can help build wealth.

To learn more about these strategies, click this link http://m.me/therealgodwin

𝟮. 𝗟𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝘄𝗶𝗹𝗹 𝗹𝗲𝗮𝘃𝗲 𝗺𝘆 𝗸𝗶𝗱𝘀 𝗼𝗻 𝗘𝗮𝘀𝘆 𝗦𝘁𝗿𝗲𝗲𝘁.
Many hard-working people fear their kids will become unmotivated if they receive an unexpected windfall. I can understand this feeling.

A lot of us had to pull ourselves up by our own bootstraps. Fortunately, you can avoid that situation with proper estate planning and a living trust.

This can help ensure your kids grow up with that same hard work, determination, and grit that you did.

𝟯. 𝗜 𝗵𝗮𝘃𝗲 𝗲𝗻𝗼𝘂𝗴𝗵 𝗹𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗺𝘆 𝗷𝗼𝗯.
Coverage from your employer usually isn’t enough. Your employer can also trim or drop coverage at any time. Finally, you also lose that benefit if you change jobs, lose your job, or retire.

All these reasons underscore why most people need to supplement any coverage they get through their job.

𝟰. 𝗟𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗼𝗻𝗹𝘆 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗺𝗲 𝗶𝗳 𝗜 𝗱𝗶𝗲.
Many people fail to consider the many ways that life insurance can benefit them while they’re living.

I tell them about chronic illness riders and how cash value accumulation in permanent life insurance can support their other financial goals.

𝟱. 𝗜 𝗱𝗼𝗻’𝘁 𝗻𝗲𝗲𝗱 𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝗹𝗶𝗸𝗲 $𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗼𝗳 𝗰𝗼𝘃𝗲𝗿𝗮𝗴𝗲.
People often underestimate how much coverage their family really needs. That’s because expenses like a mortgage, car payments, future college tuition bills, and more can add up fast.

Fortunately, life insurance usually doesn’t cost anywhere near what most people think. People overestimate the cost of term life all the time. They’re usually pleasantly surprised at how affordable it really is.

Click here http://m.me/therealgodwin to learn more about what life insurance costs.

Working with a professional is a great way to learn more and get coverage. Click here http://m.me/therealgodwin to get a professional guide that suits your needs.

02/16/2021

No one wants to think about death, I get it.

A lot of people equate life insurance with death. And while it IS there if the worst were to happen, it can also do so many other things without breaking your budget while doing it.

1. It’s not as expensive as you think.

Many consumers believe that life insurance is either too complicated or too expensive to consider, creating a barrier to ownership with only 57 percent of people owning life insurance in 2019. In actuality, life insurance is inexpensive and much more accessible than you think. For a healthy 30-year-old, for example, they can get a 20-year term life insurance policy with $250,000 of coverage for about $13 a month.

When you break it down life that, it’s easier to budget for and less scary to think about.

2. It can build cash value for you.

Permanent life insurance has a cash value plus a dividend accumulation, which means it can build cash value over time in addition to providing a benefit to your beneficiaries.

Just like most retirement and tuition savings plans, cash values can accumulate on a tax-deferred basis and be used in the future for any purpose you wish—a down payment on a home, college tuition, or even income for your retirement.

3. It can help maximize your retirement.

If the financial obligations you had when you first purchased a permanent life insurance policy have ended, your policy can take on a new life and benefit your retirement. Structured correctly, your policy can provide supplemental retirement income via policy loans and withdrawals or even options for long-term care benefits.

Life insurance can also maximize a pension by supplementing a surviving spouse’s income, or established into a life insurance trust to allow you to pass on to your heirs outside of your estate (often avoiding both estate and income taxes).

So, what are the next step for you?

Click the message button at the top of this page and get a quick calculation to see how much life insurance you may qualify for to fit your needs.