Why People Buy Life Insurance?

For the Death Benefit: To replace earning power at death To pay for cash needs that arise at death As a Disciplined Savings Program*: To help pay for educational costs To supplement retirement income To take advantage of business opportunities For financial emergencies Because of the Risk of Waiting: To replace earning power at death To pay for cash needs that arise at death For... Read Article

Estate Shrinkage In Action

The bad news is that at death, a portion of your estate may be siphoned off to pay federal and state death taxes, as well as fees and final expenses required to administer your estate. Your family then receives what is remaining after these estate settlement costs have been paid. The high cost of dying: The good news is that with proper advance planning, you... Read Article

Life Expectancy And Retirement

Some people think that retirement planning isn’t important because they won’t live until retirement. Of 100 Men at Age Their Odds of Living to Retirement at Age 65 30 84% 40 85% 50 88% 60 94% Of 100 Women at Age Their Odds of Living to Retirement at Age 65 30 87% 40 88% 50 90% 60 95% Source: 2001 Commissioners’ Standard Ordinary Mortality Table;... Read Article

Show the One You Love That You Really Care

Valentine’s Day conjures up images of hearts, flowers and chocolates. But you can show the one you love that you care every day of the year, by ensuring that you have a life insurance policy. Your loved one will appreciate that you took the time to put this protection in place should an unexpected accident or illness occur. Life insurance provides your loved one with... Read Article

SOURCES OF FUNDS DURING A DISABILITY

What Sources of Funds May Be Available to Replace Your Earning Power During a Disability? Source Evaluation Savings If you save 10% of your income each year, it will take 10 years to set aside just one year’s income. Borrow What creditor is going to lend money to a disabled income earner? Liquidate Assets Assuming a market exists, a forced liquidation of assets can reduce... Read Article