Exploring Life Insurance beyond Family Security

The primary reason for individuals to get life insurance is financial security for their family. However, Richard Cayne of Meyer Asset Management Ltd Tokyo opines that the benefits of life insurance extend beyond financial security. A life insurance policy not only helps pay off daily expenses for your family, but can also help them avoid getting into legal or financial trouble later in life. Herein, we shall take a look at the various ways in which the cash received from a life insurance cover can come to the rescue of your loved ones.

Richard Cayne of Meyer Asset Management Ltd Tokyo says that since most individuals take personal loans during their lifetime, a life insurance cover helps their family pay off such debts in the event of their untimely demise. This way, in case the loan had been taken with respect to a property or a vehicle, the family can continue to retain the asset and pay off the remaining debt, even if they lose the main bread winner. Richard Cayne of Meyer Asset Management Ltd Tokyo mentions that besides daily expenses, taxes become a major hassle for families in the event of the demise of their main income producer. These taxes mostly pertain to an individual’s estate and can come to be an extra burden when income levels go down, which is why life insurance policies should be decided on only after taking such loans and taxes into account.

Another reason that investing in a life insurance policy makes more sense than leaving assets such as land or property for loved ones is liquidity and taxes. Richard Cayne of Meyer Asset Management Ltd Tokyo states that the amount released from a life insurance cover is tax-free, while the sale or transfer of most other assets entails a certain amount of taxes. This makes the money received from a life insurance policy all the more valuable, since it reaches the family on time, minus the hassle of having to pay taxes on the same. According to Richard Cayne of Meyer Asset Management Ltd Tokyo, a life insurance policy is quite beneficial to even those who are fortunate enough to live a full life. Since the amount released upon the completion of a policy is always more than what has been invested into it over a lifetime, Richard Cayne of Meyer Asset Management Ltd Tokyo says that it helps families create wealth, which can be an invaluable gift to loved ones in such competitive times.

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Richard Cayne Meyer of Asset Management Ltd Tokyo - Empowering Your Future with a Personal Financial Consultant

Most individuals in their twenties usually approach the subject of hiring a private financial consultant with much skepticism. The most usual argument being that they have ample time to plan out their finances as well as their future. However, Richard Cayne Meyer of Asset Management Ltd Tokyo strongly disagrees with the same and not without good reason. A practicing and experienced financial consultant himself, Richard Cayne Meyer of Asset Management Ltd Tokyo says that your twenties are exactly the right time to hire a consultant and plan your finances, since you do not have any added responsibilities of a family or children, which almost always slow down your investment capabilities as you grow older. Being single is the most opportune time to concentrate on one’s financial health and hiring a professional will most definitely equip you with an advantageous head-start.

Richard Cayne Meyer of Asset Management Ltd Tokyo says that even though you might have a good grip on your finances and be well-acquainted with your goals, the advice of a professional consultant will only help accelerate your growth. An experienced financial consultant will not only offer advice on which vehicles to park your money in with respect to your vision, but also bring in a strategic market perspective to the mix. According to Richard Cayne Meyer of Asset Management Ltd Tokyo, a financial consultant will offer you solutions based on a whole gamut of factors inclusive of your investment capacity, long term goals, risk appetite, economic trends and tax savings.

Furthermore, your personal financial consultant will not only advice you based upon the current market trends, but also go one step ahead to anticipate future prospects, so that you benefit in a most calculated and secure manner. Richard Cayne Meyer of Asset Management Ltd Tokyo says that the job of a personal financial consultant does not end once investments are made and the process is set in motion; rather it begins with the same. An experienced financial consultant like Richard Cayne Meyer of Asset Management Ltd Tokyo will always make sure to re-assess your investment plan every now and then in order to make sure that your assets are working the way they are supposed to. In case any asset stops showing promise of further growth, the consultant will go ahead and look for an alternate that offers you the same or better rate of return, so that all your financial goals are met in a timely manner. Richard Cayne Meyer of Asset Management Ltd Tokyo also mentions that the services of a financial consultant are necessary as these individuals make sure to give your goals a reality check every now and then, and help you create wealth in a most resourceful, yet sound manner.