Raising the Roof

June 12, 2019
Series Recap

As discussed over the past 4 articles in our All Under One Roof series, it pays to stress the importance of minimizing risk. Despite many of today’s more aressive wealth-building theories, there’s no better way to save than to put your financial confidence first.

Throughout this series, and with the help of industry professionals, you learned to visualize life’s critical protections as the roof of your financial home. With this powerful cover in place, it’s safe to move on to other structural elements.

Now, let’s reflect.

In looking back over this series’ topics, resolve to act timely and wisely. Whether you’re under-insured or have no safeguards to speak of, a quality financial professional can help you build your protections from the ground up. Before your next meeting, do a bit of homework. Then, be sure to bring up the following:

  • Preparing a last will and testament
  • Calculating your true Human Life Value*
  • Securing a term life policy
  • Protecting yourself against liability
  • Investing in an umbrella policy
  • Continuing to save money!

On the last point, did you know that putting aside 10% more than you currently do provides you more money than if you earn a few percent more? Instead of increasing your risk, increase your savings amount.

Finally, good luck pitching your protective roof! By committing to the ‘Protect first’ approach, your finances are shielded against life’s many ‘What if’ scenarios.

In the next InFocus series, we look forward to discussing your assets and liabilities. Representing the home’s interior, these core components will help you achieve the right balance for ultimate financial success. Sit tight—the best is yet to come!

*The HLV Theory states that one should maintain life insurance equal to the present value of all of their expected future earnings. Life insurance companies place limits on life insurance available to consumers based upon this formula and have created age-based multiples of current income as a guideline.


Series contributor:
Aba Berkowitz, BFG Associate

Aba has always been known as a good listener to all his peers. After seeing so many people strule with instability in the financial industry, he developed a passion to help people in need. These qualities carried him into a successful role as a financial representative backed by BFG. Not only is Berkowitz highly knowledgable about today’s life and insurance products, but he also possesses a distinct passion for educating young people on how to manifest a successful financial future for themselves, their spuses and children. Aba considers connecting with people a truly fulfilliing hobby – in fact, this keen ability is the very reason his clients walk away feeling 100% confident with their selected coverages. He seeks to leave a lasting mark on their lives, always pondering prior to advisement: “Is this the best option that I would choose for myself?”

Aba Berkowitz is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 7 Hanover Square, New York, NY 10004, 1-888-600-4667. Securities products and advisory services offered through PAS, member FINRA, SIPC. The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is an indirect, wholly-owned subsidiary of Guardian. Brooklyn Financial, which is the doing business as (DBA) name of Guardian Distributors, LLC, is an Agency of The Guardian Life Insurance Company of America® (Guardian), New York, NY. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.


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