Monthly Archives: October 2014

The mayonnaise jar & the beer, the mayonnaise jar, risk insurance, agent for life

The mayonnaise jar & the beer

A professor stood before his philosophy class and had some items in front of him. When the class began, wordlessly, he picked up a very large and empty mayonnaise jar and proceeded to fill it with golf balls. He then asked the students if the jar was full. They agreed that it was. !

So the professor then picked up a box of pebbles and poured them into the jar. He shook the jar lightly. The pebbles rolled into the open areas between golf balls. He then asked the students again if the jar was full. They agreed it was. !

The professor next picked up a box of sand and poured it into the jar. Of course, thesand filled up everything else. He asked once more if the jar was full. The students responded with an unanimous “yes.” !

The professor then produced two cans of beer from under the table and poured the entire contents into the jar, effectively filling the empty space between the sand. The students laughed. !

“Now,” said the professor, as the laughter subsided, “I want you to recognise that this jar represents your life. !

The golf balls are the important things–your family, your children, your health, your friends, your favourite passions- things that if everything else was lost and only they remained, your life would still be full.” !

The pebbles are the other things that matter like your job, your house, and your car.!

The sand is everything else–the small stuff. “If you put the sand into the jar first,” he continued, “there is no room for the pebbles or the golf balls.!

The same goes for life. If you spend all your time and energy on the small stuff, you will never have room for the things that are important to you.

“Pay attention to the things that are critical to your happiness. Play with your children. Take time to get medical checkups. Take your partner out to dinner. Play another 18 holes. There will always be time to clean the house, and fix the disposal.”

“Take care of the golf balls first, the things that really matter. Set your priorities. The rest is just sand.”

One of the students raised her hand and inquired what the beer represented. The professor smiled. “I’m glad you asked. It just goes to show you that no matter how full your life may seem, THERE’S ALWAYS ROOM FOR A COUPLE OF BEERS.”

I like this story as it puts our lives into perspective. There are so many things we don’t have the time or money for but if we really want it, we find a way.

Insurance doesn’t have to be a priority for you but making the time to have a conversation about ‘WHAT IF’ is very important.

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Life Insurance – Your Legacy?

Creating an inheritance for you might be as simple as leaving money or assets behind to help your adult children or grand-children out so they have a brighter future or, you might want to enhance the value of your estate and give more of an inheritance. Must you settle for giving what you have saved to date?

There are many different ways to leave your own legacy. Everyone has a unique family and financial situation. Your legacy gift of any size can be designed to match your personal circumstances. Life insurance is an advantageous and inexpensive way to create a legacy.

Most people think of Life insurance only as the means to pay out a mortgage however, by increasing your level of cover, you can also ensure your family are cared for by providing additional funds for their personal wishes or to ensure financial freedom.

There are three main questions you should ask yourself when determining how much life insurance you need:

  1. How much money will my family or other dependents need if I died tomorrow?
  2. How much money do I want them to have?
  3. How much can I afford?

Your Insurance Adviser can assist in ensuring your needs are met and save you time by finding the most suitable company to place your insurance with.

Your Life insurance, and possible payouts, should be mentioned in your will to ensure the proceeds go exactly where you want them to.

Update your will, update your insurance Update your insurance, update your will

Amanda Van Den Broek,
Financial Adviser