Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - June 23, 2020

June 23, 2020
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News. Insights. Analysis. Inspiration.

Today's Key Question:

The article below from Business Insider talks about who should buy life insurance. It mentions people who have dependents.

People usually think of young children as dependents. For sure. But how about elderly parents? Do you know people taking care of their mother or father?

"Pandemic pricing' is here. Rents are dropping across the US"

From CNN:

* Most in demand now: home-office space, an in-unit washer and dryer and outdoor space, said Paces. "People's offices are closed until January and they are taking that into consideration when looking for apartments." 
After being indoors for so many months, outdoor space has become an especially attractive luxury. "It is a premium. Those apartments are going first," she said. "In a normal market, you think, I might use that a bit, but now you know you'll use it a lot."

"Letter: The curve has been flattened"

From Pocono record:

* We’ve learned much about Covid-19 since March: It’s greatest likelihood for causing death or severe illness is amongst the elderly, nursing home residents, and those with serious pre-existing conditions—most of whom can be reasonably protected.

"Building A Future-Proof Portfolio"

From Wealth Advisor:

* Every profession has been shaken to its core since the COVID-19 outbreak became a global pandemic in March, and stay-at-home guidelines challenged every single business model on the market. For investors, COVID-19 has served as a call to action to throw out the playbook and draw up new strategies founded not on past performance and precedents, but future needs and circumstances. As a managing director of a venture capital firm, I'm working to identify new investment opportunities in industries that stand up to a potential crisis. Here are some of the technologies/sectors my firm is leaning into and investing in to ensure our investors have exposure to the companies that will be relevant moving forward:

"As a financial planner, I always recommend life insurance to 3 types of people"

From Business Insider:

* However, the importance of owning life insurance if one is a caregiver for an elderly parent often gets overlooked. The goal of life insurance in this type of situation is to ensure the continued financial support for the dependent who might be widowed and/or experiencing health issues. 

Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here