The Proverbs 31 Show
The Proverbs 31 Show, by Leanni Tibbetts, is a faith-based podcast that empowers women around the globe by sharing inspiring stories, actionable insights, and authentic journeys of influential female leaders from diverse fields. The platform will foster a community of support, faith, and courage by highlighting voices that challenge norms and redefine success.
The Proverbs 31 Show
What Most People Miss About Life Insurance
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
What if life insurance is about more than preparing for the unexpected?
In today's episode, we sit down with Floriza Miller to explore a different perspective on life insurance.
Together, we unpack common misconceptions, the different types of life insurance available, and how it can become a practical financial tool for protecting your loved ones while planning wisely for the future.
Whether you're planning for your future or caring for the people you love, this conversation offers practical wisdom to help you make informed decisions with greater confidence and intention.
Watch the full episode to discover how thoughtful planning today can bring greater confidence and peace of mind for tomorrow.
Host: Leanni Tibbetts
Purpose Parter: Jacques Scott (Food Division)
Produced by @caymanstyle
Subscribe to The Proverbs 31 Show 💜
Ladies and gentlemen, we are joined today by Florissa, who I call Flo. Um, she is a life insurance is it agent? Advisor, agent. Yeah, advisor, and she is who I go to. All right. So she is exactly who I go to, and just a little, um, I'll preempt you a little bit by saying that the reason why I chose her was because I had previously gone to an insurance agent and um they didn't listen to me. They didn't really care to hear my concerns, they wanted to just sell me life insurance. And right after I bought it, I canceled it. And then later on I found Florisa who took the time to listen, to share, and to talk. So today we invited her on to do exactly what she did for me and help you all. Um, so Flo, if you could share a little bit about what you do and maybe how you got involved in the first place.
SPEAKER_00Thank you for having me. Yeah, like what you said, my name is Florissa Miller. I'm a life insurance advisor. My job is simple. My job is helping families to protect what matters most, having a life insurance, you know, in the unexpected events happen to protect their families, their income. So preparing and planning. That's what I do.
SPEAKER_01Yeah. Yeah. I'm just curious, um, how did you get involved?
SPEAKER_00Um really, it wasn't I never think about before or never planning to be a life insurance advisor, right? Shout out to my manager, Mark Hole. He's the one who see potential in me that you know I'm a people person. I said, you know, I can see that you're an empathic person. So he said, go join. I said, I'm so afraid. I said, I don't know what to do, but here I am. You know, it's helping people. My job is really important because it's very rewarding. Yeah, rewarding when it comes to money, right? Rewarding because you're helping families, yeah. You're helping people to protect their future.
SPEAKER_01Yeah. Yeah. Wow. Yeah, and that sounds like you. That sounds like you, because you definitely are a hundred percent very empathetic. Like I said, like your heart is so beautiful. Thank you so much. Yeah, you care for the people that you serve, um, which isn't something that you find all the time. Um, but what exactly is life insurance and why should someone get it? Because not everyone understands, which I didn't understand. Yeah, yeah.
SPEAKER_00Life is unpredictable, yeah. So in a blink of an eye, something happened. Accident, illness, right? Think about like what will happen to my family if you know something I get sick, uh pass away, the bill is still there, the income gone, but there's something there for them. It can pay the mortgage if you have a rent. If you have a young children that still have to go to school, or just uh you have a car loan. Many things. Life insurance is love in action. Yeah. You're protecting your families. It's about protecting your family.
SPEAKER_01You you mentioned that you can use it for like a mortgage. How can I use life insurance for a mortgage? What does that mean?
SPEAKER_00If you go to the bank and you want to borrow uh money to, you know, purchase a home, right? One of the requirements they would like you to have is a life insurance. Because life insurance is um, say you're um have a couple, you're married, right? And one of you passes away, then the life insurance will pay your mortgage. Okay. Right? Because if you don't have a life insurance, one salary is gone, it something happened. So they are your spouse, right? So the life insurance will come in place that will pay your mortgage. Okay. Right? So life insurance is very important. It's a your financial legacy. Because once you have a life insurance, it will protect everything. Like, you know, the mortgage, like I said, it will pay up the mortgage. Your loved ones will not be left struggling financially, right?
SPEAKER_01And it covers burial expenses.
SPEAKER_00Yes, and uh it can use with everything. It's a lump sum cash that will pay to the bank or will pay to the person insured. Okay. So, and it's up to your loved ones how to use it, to pay the mortgage, to pay the bills, or the living expenses, everyday, you know, everyday bills, or if you know, um the school fees, like I said. Yeah. Everything.
SPEAKER_01I know that there's different types of life insurance. I can't remember. I think it's fixed in terms. I don't know if there's more, if you can explain the difference between them.
SPEAKER_00There's a true life insurance, they call it term life. Uh-huh. And sorry. Term life and a whole life. Okay. Right? So term life is insured with a specific time. It's like 10, 20 years. Yeah. So it's most economical, it's more say affordable than the whole life. Okay. Right? So what happened is you can use that with a big um responsibility like mortgage. Okay. Just to protect your income. If there's a sudden loss, if there's an accident, it passes away, then your beneficiary will get that lump sum amount. Okay. Yeah. It's cheaper. Then people said, oh, Miss Blue, if the turn um ends, what will happen? But there's a riders called ROP. ROP means return or premium. So in the end of the years, if you outlive the policy, let's say you took 30 years, right? And you end um the term, and you're still alive, you outlive, God blesses you with a long life, then all the premium you paid, they will refund it to you.
SPEAKER_01Okay.
SPEAKER_00A lump sum cash.
SPEAKER_01Okay.
SPEAKER_00And then there's another add-on, they call it disability waiver.
SPEAKER_02Okay.
SPEAKER_00Disability waiver means in the unfortunate events that you get disabled, you get ill. Of course you cannot work now, but the bill don't stop. Then the insurance company is paying your premium for you so you can keep your insurance active.
SPEAKER_01Okay.
SPEAKER_00Yeah. Yeah. So that is the term life. Okay. So that whole life now it's covered you your entire life because there's um cash value and investment attached to this whole plan. Okay. Yeah. Okay. So but the premium is lactin. So it's good for no younger people because it's the premiums is cheaper.
SPEAKER_01If someone's considering life insurance, that life insurance isn't necessarily just for that person. It can be something that you could probably discuss with like your parents as well.
SPEAKER_00Oh yeah.
SPEAKER_01Yeah. Remember, I mentioned that before. Yeah. Yeah, the elderly. And then also you can get life insurance for your kids as well, right?
SPEAKER_00Oh yeah, it's good to have a life insurance for your kids because you're giving them an insurability. Because life can change within the six months or a year that next minute you are not insurable anymore because you get sick. Yeah. So kids is good because you put a little investment there, then they can use that towards their university when they become older, and then the premium is locked in. It's not going to change.
SPEAKER_01Yeah.
SPEAKER_00It will be the same amount forever.
SPEAKER_01Okay. So what are some of the other plans that you all have?
SPEAKER_00Yeah. So, like I mentioned, right? There's a two uh life insurance, the term life, and the whole life. So that's a debt benefits. Okay. That you're insured, and if God forbid something happened with you, your family will get that funds, right? Yes. So they will not laugh struggling financially. But there's one, they call it income protection. It's a living benefit. Critical, yeah. Okay. That's a critical illness insurance. Okay. You say like you, you're young, healthy, but life is unpredictable. Next minute you get ill, you went to the doctor and they said they found something, you got a cancer, heart attack, stroke, coma, paralysis, and so on, right? And more. Of course, you will survive. You might survive, but you can't work. Say you can't work.
SPEAKER_01Okay.
SPEAKER_00Imagine, let's say, a 38-year-old mom, she was diagnosed with breast cancer, right? She survived. This is just an example, right? It's happened recently. She survived, but she can't work for six months. So if you cannot work for six months, there's no income coming. Yeah. But the bills is still there. Yeah. So without critical illness, she drains her savings. Right? Or she goes into debt. Right? So critical illness is a lump sum payout.
SPEAKER_01Okay.
SPEAKER_00Yeah. That once you diagnose with those illness, you go to the insurance company and you claim that. And it's you can use that towards to pay your, you know, your mortgage, your rent, living expenses, food, a school piece. It's your payout. Okay. So, but there's an objective, you know, because people mix it up. Oh, Miss Blow, I have a health insurance already through my work. No. Health insurance and critical illness is totally different. Okay. So the health insurance is like when you go to the hospital, you go to the clinic, the doctor, you pay your copy, you still have to pay the copy, right? And the health insurance will pay whatever percentage. So, and then you still have to pay and you know, rum out of pocket. But this is different because they pay you a lump sum cash to use it towards your time that you are recovering. And you just focus on your recovery instead of focusing on the stress because of the bills coming. And there's no funds there. That is a critical illness. Okay. They call it income protection because you're protecting your income.
SPEAKER_01Yeah. Yeah. Okay. Okay. Understood.
SPEAKER_00And then there's another one, the final expenses insurance. Okay. Is a it's a small amount, but it's help. It's designed for the elderly people or the people that is already sick that you know they can no longer what's like the age for that? 18 to 75 years old. It's designed for them, like God forbid, something happened with you, your parents, your loved ones. You know, you don't need to struggle financially. You just focus on grieving, right? And you can buy that for your parents or for your auntie or whoever that you know, or we go and get the final expenses, the burial, or some bills, a little, you know, bills that you had to pay. There's money there. Yeah. Okay. It's you know, it's really sad to think about it, but that is a reality, right? Yeah. Because that is guaranteed, but we don't know when God is ready for us. Yeah. Just it's planning. Planning is stewardship because God gave us a purpose, God gave us loved ones, and we have to protect them through using this financial tool. Yeah. This is our financial legacy.
SPEAKER_01Yeah, I like to use the word tool. It's a tool.
SPEAKER_00Yeah, it's a financial tool that you know we can use it because unless you are really rich like Elon Musk. But this life insurance is um your financial legacy that you will give it to your beneficiary. Yeah. So beneficiary means is if I die, it goes to this person. Yeah, it goes to your loved ones. Like me, I have a life insurance. Hey, God is ready for me. I'm in a peace of mind that my husband, he will not struggle to pay my son educational fees. Okay. And then whatever the lifestyle that we're having right now, he can still keep that.
SPEAKER_01Yeah. Okay. Yeah. I hope it's yeah, yeah, it is. Okay. So those were two other ones.
SPEAKER_00The term life, the whole life, the critical illness, and the final expenses insurance. Okay. Yeah.
SPEAKER_01Yeah.
SPEAKER_00And some investment or savings. Think about your retirement. There's money there for you, plus your pension, right? It's adds on that you can save monthly. Okay.
SPEAKER_01Yeah. So if you don't know how to save, that's a good plan. That's a good plan for you if you're not sure how to save. Um definitely add that one on. That has that has helped me a lot. Life insurance is very important, and everyone needs a life insurance. Can you give some examples of like, you know, without calling any names, like some things that you like seen where insurance has been very helpful, you know, for people to have?
SPEAKER_00Yeah, I have one lady that um I, you know, I advised her to get um final expenses for her husband, 73 years old. And last year he passed away suddenly. And, you know, she was she was so sad, and she was telling me that she's happy that I help her, I convinced her because she could give him, she said, Flo, I gave him a really nice send off to show because my husband, me and my husband, you know, they love each other. She didn't worry about where they're going to get money from.
SPEAKER_01Yeah, the money.
SPEAKER_00The burial expenses is, you know, kind of expensive. And she said she's so happy that she just focused on grieving. Yeah. Yeah, that's her children don't have to be worried to help her to cover the cost because there's money there for him. And there's another one that's a young lady, 30 years old. She was diagnosed with cancer, and they had to go overseas, right? And there's money there for her, so she don't have to be worried that her parents, you know, have to go in to get a loan, yeah, or ask for GoFundMe. Yeah, yeah. Yeah. With this plan, you can keep your dignity just focus on, you know, medical treatment, yeah, recovery. You're already sick, and you if you're struggling and stress out because where's the funds coming and there's money there to have a peace of mind, right? So when a client calls me or text me up in WhatsApp flow, I am, you know, I'm so happy, I'm at peace right now that knowing that you set me up, that if something happens with me, my family will be okay tomorrow.
SPEAKER_01How does someone reach out to you, you know, to have this conversation one-on-one so that you can tailor it specifically for that person?
SPEAKER_00They can email me, they can call me anytime, do not hesitate. Um, if you are a person that with the life insurance when you were younger, and your situation now is changed, let's say you're married, you have kids, come and you know, call me. Maybe you need more coverage.
SPEAKER_01Okay.
SPEAKER_00Remember, because your situation when you took the life insurance when you were single, maybe it's different after a couple of years, right? You are underinsured because um life insurance are basically whatever your annual income, it should be 10 times or more.
SPEAKER_01Okay. All right.
SPEAKER_00So please call me. My number is 326-9343. You know, if you just want to set up and I explain it to you, no pressure, you don't want to do it yet. And we can you just plan it, plan it, plan, plan, plan, plan. Good.
SPEAKER_01Yeah. I'm just thinking about an abode who is watching you and is like, man, I think I want to do what she does.
SPEAKER_00Yeah, don't be afraid. It's I don't want to say the hard, it's very hard because that's how negative. We don't say negative words, yeah. We can say it's not easy in the beginning. Um, it's a very rewarding um job because you're helping people. Yeah, you're helping people to protect what's matters most, yeah. Your families, yeah, their income. Once you, you know, really show to the client that you really care, you'll be successful.
unknownYeah.
SPEAKER_00So try if you think that you wanted to do it, you can try.
SPEAKER_01I did I I was curious. So um is there any family where you see that you know they didn't go through the with the insurance or something like that, you know, and they kind of wish that they did after?
SPEAKER_00I have one sad story last November, yeah, last year. Okay. So she have um final expenses for her father. She's one and only child. She's been paying that. I've been calling her, maybe because we don't know what people's situation is. Yeah. I've been calling her all the time, reminding her that your dad's policy is going to lapse because I forgot to tell you the policy you have to pay monthly the premium. Okay. If you miss one month, then you can double up the next month. Okay. If you don't pay it out for say two or two months, then the policy will lapse, right? So when I text her Thursday, there's no reply. But she replied on Saturday. She said she's coming. I think she was away, she's coming on Monday. I don't know what happened. Uh I think she came on Monday, but she didn't pay for the policy. She texted me on the next day, Tuesday at 7:30 a.m. She said her dad passed away. So it's really sad. I might have a goose woman. I was so sad because you know, life is unpredictable. Like I said, we can't stop that now. But it's planning. And she'd been keeping that policy for, you know, God forbid something happened with her daddy. Yeah. It's really sad.
SPEAKER_01Yeah. So it is important to not just have it, but to maintain it.
SPEAKER_00Yeah, to maintain it. You could you can start with a small, you know, and eventually you can upgrade.
SPEAKER_01Yeah, because I will like I'll I'll share my side, which is that, you know, um I had a certain amount and um like the savings one, I had to cut that back a bit because at the time my income wasn't the same as it was before. So and then once I'm ready, then I could bump it up again.
SPEAKER_00Yeah, because every person has a different um situation, different needs, and different budget. Yeah. So like life insurance is not one size fits all plan, right? Yeah. So if your budget is this, I can advise you to have 10 times up your salary. But if the situation and the budget is not, you know, compromising, we can do something at least a little start with little.
SPEAKER_01Yeah. And that's a good thing about you too, because when I at the time I I didn't have as much as I wanted to, so I had to make sure that the policy was the amount that I could afford, and she took time and really did that for me.
SPEAKER_00So I don't work uh for commission. Yeah, that's important, but I work for people's needs and budgets and that situation right now. Yeah. And we can, you know, after you get that, maybe a couple of years, something change, you're more flexible your budget, then we can, you know, take it.
SPEAKER_01Yeah. Do you have like any final advice or any final words for anyone watching? They're kind of on the fence, they're not sure, they've heard about it, I don't know.
SPEAKER_00Like, yeah, that's yeah, that's all every day, you know. Um, I sit with people and understand their life. And if you're not sure, yes, just come and see me and we talk. There's no pressure, you don't have to buy the insurance right away. We just talk. We tell plan it, or maybe it's not today or not tomorrow. If you want it next month, we can plan that. Don't procrastinate because life is unpredictable. Could be your situation changed the next couple of months, you're not insurable anymore because you get sick. If you have a cancer, you had a heart attack, stroke, you are no longer insurable. You can't, you know. The insurance company will not put in a high risk to insure you because you are no longer insured. Yeah. And if you are married, you have kids, young families, and you know, try to have something. If you think, oh Miss Flow, my budget. No, you don't have to pay big bucks. Just something to protect. Yeah, planning is good.
SPEAKER_01Planning, planning, planning. Yeah, my dad has um this phrase, he says, if you fail the plan, you plan to fail. But thank you, Flo. Thank you for coming. Thank you for sharing, and um thank you for your heart to serve people because that is really what you're doing.
SPEAKER_00Thank you so much. I really appreciate for inviting me and just watching your show, and now I'm here. And I hope I touch people's lives and you know, open their heart to come and see me. No pressure, you know how to buy it. If you can't, just sit down with me. I always sit with people different. Sometimes I'm a life insurance advisor, sometimes I'm a counseling, sometimes like it's Christian sister. You know, you and me when we meet, we always talk about different things. Sometimes when we will cry, and that's so true. It's just come and see me, no pressure, just explore it, you know. Just we talk, that's it. Yeah, just have a chat. Yeah, can I have this? Yeah, it's yours.
SPEAKER_01We got some new goodies. We would like to thank our partners at Jake Scott's Food Division for keeping our guests fueled, um, as well as these conversations, really. But all of our guests get to enjoy all of these lovely refreshments after the show is filmed. So, thank you all so much for your partnership and the love and support. We really do appreciate you. Have you ever thought about diversifying your financial portfolio? Now, what do I mean by that? I mean setting up your family for financial success. Did you know that insurance, particularly life insurance, can be a financial tool that further advances your family? If you're kind of on the fence about it, I would highly recommend that you take a minute to talk to my friend Florissa. Book a call with her today.