Receiving The Fruit Of Thy Labor ( Momimhar posted on April 22nd, 2013 )

In times of struggles in life, even a job is hard to find.  I am saying this because my parents and siblings have experienced difficulties in job hunting back home.  Here in the US, as long as you are able (yet even those who have disabilities) and not very picky, you can land a job.  And if blessed with a satisfying compensation, you will be able to pay for your apartment and car.  In addition, you can also pay for your insurance policies.

My family back home has a simple way of living day to day.  My parents do not have a stable job so they do not have the benefits that the regular workers should have.  No Social Security nor life insurance.  Why?  They do not have enough resources to pay for those.  I think workers here in the US are lucky to have those type of privileges (are they?).  It is because when they get old and not able to work anymore, they will be receiving the fruits of their labor.

But there are some senior citizens who get into A Life Settlement  process where they want to get a lump sum of money from their life insurance policies.  It seems to me that they surrender or sell their life insurance policies to a third party.  This way, they do not have to pay for its premiums.  Instead, they will get the money they want and use it to fund particular living expenses.  Sure seems complicated but, like I said, some seniors are doing it.  But whatever the reason is, it is always important to seek a helpful advice.

As we know it, we are not getting any younger.  So we should use our time wisely.  The money we earn from working or business should also be managed properly so our family and ourselves will benefit from good financial management.

COMMENTS: 28 Comments »

Categories: family, insurance benefits, money

28 responses

  1. Coolchillmom says:

    We all have to count our blessings
    We never think that others are dreaming of our compkaints

  2. Michele says:

    As someone who has worked in the US all her life–I have paid into Soc Sec all those years–it is not exactly a gift!! If they would give me back what I put in then I would have quite a stash in my bank account. Unfortunately it is not as easy to get a job right now-I know-I have been looking since January and nothing yet–

  3. Claire says:

    I agree we should spend wisely and be able to save in the future.

  4. Erin says:

    Yes, its so important to be wise with our finances and to use our time wisely. 🙂

  5. Gene says:

    It is a great idea to save for our future/retirement fund as soon as we started working. Not everyone has the resources to get an insurance plan with the government and private insurance can be really expensive. It’s best to have a savings and retirement fund at the same time.

  6. Makoy says:

    The way of living is really different in the US and in different parts of the world. Having employment benefits like insurance is such a blessing. For those who don’t have insurance, I suggest that you get one. It’s really not that expensive if you start early.

  7. seny says:

    I agree with you. That is why I am working my way on getting my family out in the Philippines.

  8. Tess says:

    Philippines is really a not beautiful place to live in unless you have a business or have a good permanent job. Luckily, my family is living comfortably with a stable business so I don’t have to worry about them. It is the other way around, they are more worry about how I am doing here in the US. They will be happy if we all stay for good in the Philly.

  9. Andrea Smith says:

    Being smart with you money is so impportant. My hsband just lots his job(for no reason) thank goodness we overpay our bills on purpose and have a little money saved so we will be ok.

  10. MzBaker says:

    I agree we have to plan wisely, sometimes that can be difficult though.

  11. jheylo says:

    I agree! we have the same situation. That’s why sometimes i wished that my parents and siblings are here too so they can benefit the things that benefited me. As a matter of fact though they are already old they can still work here but not in our homeland, too sad.

  12. When my Dad retired from his work, he got the lump sum and wasted it 🙁 I do not like that idea 🙁 I’d rather receive the partial funds every month and I think my husband will receive his retirement every month as well when he retires, that way he has money to look forward to every month 🙂

  13. April says:

    I agree. I am really try hard to have my own business in the Philippines so that i can take care of my parents someday.

  14. I know my dad took a lien on life insureance once to pay hospital bills. It comes in handy when needed.

  15. Every blessing, big or small should be recognized and be thankful for.

  16. Shydub says:

    there’s a rainbow after the storm, so in all our struggles and endeavor there is always a reward that we all deserve. Thanks for sharing this post

  17. Dhemz says:

    I completely agree…that’s why saving money is very important.

  18. Bless says:

    Saving for future and having insurance is really a great way to prepare for our future, and most of all spend our money wisely.

  19. Becca Wilson says:

    I know that finding just any job seems easy in the US, but to be truly happy and not just a drone, I think you should strive for one that you enjoy!

  20. Nova S says:

    I do hope that I will have my fair share someday, nor even hubby. the longer you work the better you get a good settlement.

  21. Most of the seniors here in the States is luckier than the seniors from other countries, they get treated really well.

  22. I’m glad my parents have their Social Security and my Dad has a stable job with all the benefits. Time is precious, we should spend it wisely!

  23. amiableamy says:

    well said … as long as we are not picky, we can land a job here. We have to work early so we can retire early right 🙂

  24. Shela says:

    I am with you, i wish i can bring my family here too so atleast i am not so worried about their day by day situation.

  25. Gven-Rose says:

    counting and thanking our blessing whether it’s a small or a big blessing is important..

  26. Working MAMA says:

    well said. saving for the future is really important esp if we have kids

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