[fve]https://www.youtube.com/watch?v=pwT_EE7zZXI&list=PL2534A75E71B259C5&index=4[/fve]
Retirement
– 54% of American workers report having less than $25,000 in savings and investments,and 27% have less than $1,000 saved.
– According to a recent study, 43% of all American households are one crisis away from poverty,meaning saving for retirement is all but impossible.
– The average monthly Social Security check was about $1,177 at the beginning of 2011.To maintain lifestyle after retirement, 75% to 85% of pre-retirement income is needed.
Critical Illness
– The average total cost of recovering from a severe heart attack is about $1 million. The cost of a less severe heart attack is about $760,000. Amortized over 20 years, that’s $50,000 per year for a severe heart attack and $38,000 per year for a less severe heart attack.
– One in 5 Americans has some form of cardiovascular disease.
– Three-quarters of people who filed medically-related bankruptcy had health insurance, but got sick to the point they lost their job and their insurance.
– More than 60 percent of the 1.5 million Americans who will declare bankruptcy annually are forced into it by medical bills.
Chronic Illness
– In 2011, long-term nursing-home care topped more than $87,000 a year. In-home care costs even more. The current average length of stay in a long-term care facility is 2.4 years.
– 70% of retirees will face some form of chronic illness in the period from retirement to death.
Terminal Illness
– Upon being diagnosed with a terminal illness, those who go on disability typically only get 60 percent of their base pay. However, added expenses for medical procedures,professional services, extra living costs, and medical/life-insurance premiums can quickly add up to significantly more than a reduced pay amount will cover.
Life Insurance
– If the primary income earner in a household dies prematurely, most families will be financially devastated. Approximately 1 in 5 Americans die before the age of 65.
– More than 40% of families said they haven’t purchased life insurance because they have other financial priorities. A Kai-Zen Plan allows you to do both.
