"I don't have the money"

Let Uncle Sam help pay for your emergencies Cash is your best protection for emergencies Use a tax-FREE account-Save 30% on income taxes. Avoid securities fees & charges taking up to 63% of your money. Accumulate $55,000, $250,000, even $1,000,000. Don't let a financial emergency kill your financial dreams. Many financial plans have been destroyed by an unexpected, huge, catastrophic event that catches you without money. If your spouse is in an accident or your home burned or you die, how will your family move on from the devastation? Most emergencies can be handled by a combination of cash and insurance. Because some events can have catastrophic impact on your life, you need insurance. However, having the wrong kind of insurance can destroy your life. And certain situations demand cash since there is no or very expensive insurance available. Insurance shifts the financial burden from you in exchange for regular premiums. Wealthy people have a large policy but it doesn't cost them big bucks. They carry the right kind of coverage-a form of "self-insurance"-so they pay low premiums for years. They use this premium savings to build their emergency fund in a tax-FREE account and Uncle Sam helps out on taxes. They balance risk and reward so they save on the cost of insurance over time. They save premium for years in a tax-FREE account. Total catastrophic loss is a small risk. They are covered if their house burns down but use the savings to build cash. Since investing the money for your own gains instead of giving it to the insurance company will most likely produce a lower long term cost, partial self-insurance is their choice. Tax-FREE saves 30%. I will show you how to do this below. This strategy works for life insurance also. For example: