Ms. Thu Thao, a Vietnamese woman, shares her deep insights into working as a nails in the U.S., her concerns about old age, and the reasons that led her to purchase life insurance. Her story not only reflects the realities of the Vietnamese community in America but also serves as a valuable lesson in personal financial management.
Working as a Nails in the U.S. and Concerns About the Future
Ms. Thu Thao has been living and working as a nail technician in the U.S. for seven years, a common profession among the Vietnamese community. She realizes that, like many of her colleagues, she struggles with financial management and saving money: “I spend a lot but save very little.” This makes thoughts about the future an unavoidable concern: “What if one day while driving to work, something unexpected happens?”
Having witnessed losses within her family, Thao understands better than anyone the fragility of life. This has instilled a strong sense of independence and responsibility in her: “I have to take care of myself. My parents have passed away, and my siblings all have their own lives.”
These experiences have driven her to seek solutions to protect herself and her children from financial risks in the future: “I need to plan now rather than live in constant fear.”
Why She Chose Life Insurance
Initially, she was hesitant about purchasing life insurance. She had heard many negative stories from others in the nail industry, but after much thought and research, she decided to enroll in the IUL Secrets program: “I want to make sure that when I pass away, I don’t leave my children with debt,” she shared.
She also emphasizes that life insurance is not just an investment but a way to protect her children financially: “I may not be able to leave them a house or other large assets, but at the very least, I can secure a financial safety net for them when I am no longer here.”
Trust in Life Insurance
After joining the IUL Secrets program, she feels more at ease than ever: “Now I can travel worry-free. Even when I fly, I no longer feel scared because I know that if anything happens to me, insurance will take care of it.”
She also understands the challenges of getting life insurance at an older age: “When you’re healthy, it’s easier to buy insurance. If you wait until you’re sick, it becomes much harder.”
She highlights that purchasing life insurance is a smart decision, especially when considering the possibility of being unable to work due to illness: “Life insurance is one of the best ways to secure financial stability for yourself and your children.”
Financial Lessons from Ms. Thu Thao
- Don’t Wait for the “Perfect” Time: Don’t delay getting life insurance until you start experiencing health issues or reach an older age. “Right now, I’m healthy and can take care of myself – why not plan?” The best time to act is when you are still in good health, as it becomes much harder to obtain insurance later on.
- Invest in the Future: Life insurance is not just about protecting yourself; it also ensures financial stability and reduces the burden on future generations. “As a nail technician in the U.S., I may not leave behind great wealth, but at the very least, I can ensure that my children have some financial security when I’m gone.”
- Evaluate the Benefits: Life insurance is more than just an investment – it offers flexibility. Policyholders can withdraw funds in case of emergencies, such as illness or accidents.
- Don’t Rely Solely on Government Benefits: It is unwise to depend entirely on government assistance after retirement, as benefits may not always be available. Instead, start saving early and invest in reputable insurance companies.
- Have a Clear Savings Plan: Everyone should have a well-structured financial plan: “Set aside at least 10 – 20% of your income from working as a nail technician in the U.S. for savings or insurance.” This ensures financial security for the future and protects against unforeseen risks.
How to Calculate Life Insurance Costs
Here are some tips on how Ms. Thu Thao calculated her life insurance costs while working as a nail technician in the U.S.:
- Assess Your Financial Capacity: From your nail salon earnings, determine how much you can comfortably allocate to insurance each month without affecting essential expenses.
- Plan for a Manageable Budget: Start with an affordable contribution, such as $100 – $200 per month. “It’s like cutting back on expenses for one week, and then you’ll have peace of mind knowing you’re covered,” she said.
- Think Long-Term: Consider life insurance as a long-term savings fund that you can access when needed, particularly in emergencies, to avoid becoming a financial burden on your children.
- Understand Policy Benefits: Familiarize yourself with the benefits that come with a life insurance policy. “If you experience an accident or illness while working, you can withdraw money from the policy,” she noted.
Conclusion
Ms. Thu Thao’s story provides valuable insights into the lives of Vietnamese immigrants in the U.S., as well as their financial concerns and decisions. Life insurance is not just an investment – it’s peace of mind for both the individual and their family.
If you’re still unsure about life insurance programs, or if you’re concerned about costs and eligibility, contact Thinksmart Insurance at (678) 722 3447, send a message via Messenger, or leave an inquiry at Support@Thinksmartinsurance.com for free 24/7 consultation.
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