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It is life insurance Awareness Month

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It is life insurance Awareness Month -
Life Insurance Awareness Month is observed every September. It is an educational initiative that helps you resolve some of the issues and the most common concerns related to the coverage of life insurance. The theme this year is "Life happens," something we hope you keep in mind when it comes to reviewing your life insurance coverage and become more educated to not let the life just happen.
the 2012 spokesman Buddy is the "cake boss" Valastro. After losing his father and being forced to leave school for keep the family business afloat, Buddy learned firsthand what happens when there is no life insurance protection. Buddy's story is one example of many that are shared during of life insurance awareness Month.
with the economy still struggling, many Americans may have or have had to choose between paying bills and the purchase of life insurance. the decision to go without life insurance could put families at financial risk during a period of emotional and financial stress, leaving them unprepared for the future. According to a study by LIMRA, three in 10 American households (35 million) are uninsured, and half say they need more life insurance. The survey also showed:
  • 95 million Americans have no life insurance, and those who make between $ 35,000 and $ 100,000 per year represent the largest group of these households
  • Seven out of 10 women agree to have a life insurance policy is a must and everyone should have.
  • a third of married women do not have life insurance, despite the fact that 7 out of 10 households are dual income.
  • over half of households in the generation X and Y need more life insurance.
As you face the strain of today's economy, consider how your family or business succeed if you were to die leaving no income and unpaid financial obligations. This is a problem that can be solved easily and economically by the use of life insurance.
During September, LIFE will share realLIFEstories real people who planned and prepared for the unexpected by purchasing life insurance to protect their loved ones. These families share their stories in the hope that it will educate and motivate others to take personal accountability through the use of life insurance and related products. Take action today to protect those you love.

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Stay on Starting Over and covered

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Stay on Starting Over and covered -

I am 41 years old. I'm at the end of the tail of what was an out if particular litigation amicable divorce and undrawn. And I'm scared.
You see, all my life, I had health insurance. I've never had to think about it much, to be honest, because it's just always been there, always been available to me. During my life I have been covered by the policies of my parents, and health insurance provided by my assistant graduate school, my work for the last 10 years by the work of my husband. I've never had to worry about going to the doctor, pay for a prescription or to undergo tests. And now I see how extremely privileged and lucky I was that I should not address these concerns.
But before the end of summer, in a month or two, that will be true. And no, it would not be an exaggeration to say that terrifies me.
My daughter will always be covered by the policy of my ex, which is certainly a relief and blessing. And my health is good, which should help to qualify for lower rates. But in this aspect of my life, as with many others, I am now faced with a lot of uncertainty, and no strong sense of what my options are and what the future would reserve.
What kind of health insurance can afford even I as an independent single mother? Will I be able to go to the doctor regularly, or only disaster? What type of prescription coverage someone with my income can get, and where will that leave me if I become seriously ill? How will I be able to bear the additional expenses?
Friends suggested that I consider COBRA, but from what I heard, the rates are generally higher than if I tried to write off and get the assurance of my own, since I am healthy. My first plan of attack is to approach the family insurance provider used those 10 years or more, and basically ask what they can offer me, and at what cost per month.
I found a few websites that appear to be information centers health care plans where you can purchase plans online, but I worry about going through a Web site for coverage. My biggest fear, however, is to have any real sense of the reasonable cost are the different types of coverage, I could get stuck with a plan that is not what I need.
How have those who 'have been in my position has found reasonable health insurance that meets your needs?
I also realize that I have to look at other types of insurance. Life insurance, for one, is something I've never had.
Where do you begin to approach these issues? I would love to hear your experiences, your ideas and suggestions on these subjects believe me, I can use them.

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"Mo 'Money, fewer problems" Insurance

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"Mo 'Money, fewer problems" Insurance -
You can call life insurance, but from that moment, I'll call, MMLP " Mo 'money, fewer problems "insurance! You die and your family become addicted to do what!
The fact of the matter is that MMLP is super important, especially if you have loving husbands or wives or racing plethora children all around your home. The last thing you want to do is put them in more trouble * * financially after losing their favorite person in the world! Be sure to give them the peace of mind so they can live a long life and stress when you left-it's the best thing you can leave!
Here are 4 reasons why MMLP is important (Apart from the love and memories, of course.) 

  1. When you die, it's going to cost money. Who depend on you.
  2. It is good to give your family peace of mind.
  3. It is good to give you total peace of mind while you are still alive! 😉
  4. And more importantly, you can always rule out other matters of your mom or dad (or personal finance blogger?) On why you do not act like an adult and obtain assurance 😉 Nice, huh?
The fact is, when you die your family will be crushed and the last thing on their mind is money. But when it all sinks in and they think more clearly, leaving you with hundreds of thousands of dollars will do some teensie best for them later, trust me. Imagine your home being 100% debt free? No mortgages or loans or anything? Or your children had their school fees all set up? Shoooooot ... Money can not bring you or kiss your family every night on the front, but it certainly can improve their lives forever and ever, no doubt about it.
So the question you should really think about at the moment is * how * you must be feeling that good. And sadly, it will be your comfort levels you and like any pro can tell you a magic number (but they still will try). Personally, we came up with our own numbers by asking us what our objectives were. And now that I look back at this position, I realize it's already been four years and we need to update it! Yikes ... I guess the Life Insurance Movement is for me and you, ha ha ...
Our goals with MMLP were as follows:
  1. We wanted to be completely debt free in no case among us went bye.
  2. we wanted to "set and forget" so you do not think about death every day ...
  3. and now we want to ensure all of $ baby together for the future and other spending spree that can come during his life if we left.
After talking with many people at the time, we also decided that temporary life insurance was the best bet for too Here's a quick summary on Wikipedia clause us youngins :.
term life insurance ... is life insurance that provides coverage at a fixed rate payments for a limited period of time, the relevant term ... If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific time period.
So basically, you pay a sum of money to cover a certain period of time, and when / if you die it pays X amount to the person you have linked at. Nice and simple. Here is how it currently breaks down to us (again, we need to call and adjust it):
  1. My plan MMLP :. $ 30.99 per month, which pays $ 350,000 if I die within 30 years
  2. The Plan of Mme. $ 24.57 per month, which pays $ 350,000 if she dies within 30 years
We came with that $ 350k figure because it would almost destroyed our entire mortgage at the time. And that was the main thing we wanted to have covered as it was (and still is) our # 1 spot painful financially. The future, we now want to make sure we have enough to cover future funeral expenses and tuition for our children (s) too likely mount our new number at about $ 450k, or maybe even head off half a cool million? We'll see how much it costs one month, however, and what options are updating our initial agreements (perhaps we need to pick up additional MMLP above those we have? I'm not too sure ... it is part of my duties)
another question is who nE * * need life insurance at all? Or is there no one who falls into this category? I always think that everyone needs, but whenever I get too confident maybe there are those who do not. Like maybe people who are single and / or no debt whatsoever? I do not think there is 100% of answers, but I think it is entirely at your own comfort levels. Some of us as being covered for everything out there, and others could care less. The only thing I will say is that * someone * will pay for your funeral at some point, and maybe other things? So it may be wise to get at least a little. It really does not cost that much.
If it helps, here are some resources that will much more in detail. I reviewed 'em too:
  • Life Insurance 101 Guide
  • Life Insurance Calculator needs
The point of all this if is to give LIFE SOME THOUGHT today. This is what I ask. If you already have, look at your situation again and see if it is enough. If you do not have it, ask yourself if it's time to change? Maybe you got married? Maybe you have had children? Maybe you want a fancy funeral with all kinds of parades and concerts in your honor? Or maybe you just want to leave some money to a special person in your life just for the hell of it?
Whatever the case to think for a second hot and then move on to your coffee and Facebook. :) There will probably be four years until I blog about it again, so you do not have to worry about me check on you, haha ​​... just promise me you think!
Note: This post originally appeared on the blog of money J. budget are $ exy during movement of life insurance, a one-day blogathon was co-sponsored by LIFE and was coordinated by Jeff Rose good financial Cents.

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This Is a Wake-Up Call

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This Is a Wake-Up Call -


Given the increasing role women play in society as professionals, breadwinners and as the dominant gender in old age, women need to be more aware and active in their financial planning.
women now represent the majority of college graduates, nearly half the workforce and are becoming the main breadwinners in many households. Yet most remain uneasy or uninvolved when just talk about insurance and money management.
Many women (single, married or with a partner) are mainstays in their homes, according to a 2012 study of 1,410 women and 604 men by Prudential. This study shows that women who are married or living with a partner, compared to 22% more money than their husbands or partners and their earning potential is growing. In 08, women contributed to 36% of family income, against around 27% in 1970, according to a 2011 survey of over 4,500 households by financial services research firm hearts and wallets.
A The evolution of landscape
A high divorce rates, more women exhausted men, means that 80% to 0% of women will be solely responsible their finances at some point in their lives.
The problem? financial responsibilities of women are growing faster than their knowledge, says Joan Cleveland, senior vice president of business development for individual life insurance at Prudential.
Numerous studies in the past decade have shown that women always feel less confident than men in their understanding of financial products, their ability to make financial decisions and their perception of their current economic situation, Prudential and hearts and portfolios of education among them.
women are 42% more likely than men to worry about having enough money for retirement; 49% say they are "very inexperienced" investment against 34% of men and 42% say they are "very uncomfortable" taking the investment risk compared with 28% of men the survey 2012 Hearts & Wallets of 5,460 households shows.
Some of them can be attributed to traditional gender roles, particularly among baby boomers. They are still in the generation where is accepted for a man to drive these decisions. Many lack knowledge because they must do so in the past.
But it can also be due to the financial services industry, which hosts mostly men in the way it presents and discusses information and products.
women like to learn in groups and consultations with their peers more than men and women find the most inhospitable jargon and tend to turn a deaf ear when things are explained from the perspective of performance. These kinds of details are important for women to recognize, as they often shape their financial priorities.
High Anxiety
The hearts and wallets 2012 study shows that having dependents increases financial stress for women more than it does for men. Among the women with children, 39% reported moderate or high anxiety about their financial situation in retirement compared to 29% of men with children.
Pershing recently published a guide describing how catering to women is important for the future success of companies and financial planners. It argues that financial advisers must file gender stereotypes and assumptions that women can not or does not want to understand the investment, and the need to take the time to develop closer relationships with female clients.
Counsellors must pay attention because women are 51% of the population, and the economic power they wield is huge. Insurance agents and advisors need to become better listeners, more empathetic and focus on financial education when working with women, but women must also face their apparent inability to grasp financial concepts .
Women must be more involved in the treatment of their investments, the protection of their income and the value of human life by insurance and retirement planning.

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Be prepared for your life to change: now accepting scholarship applications

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Be prepared for your life to change: now accepting scholarship applications -
At age 19, I lost my mother to cancer. Because she had no life insurance, I experienced many financial difficulties and found myself in desperate need of college funding. Melina
This is when I came across the life lessons fellowship program and applied. From the moment I received the scholarship $ 7.500 last year, my life had come full circle, and I was sent to a flawless trip I never thought possible.
I did not understand the importance of life insurance until I lost my mother. This whole trip made me realize how much life insurance is, my life would surely have turned life insurance differently had there been.
Part of the scholarship application process is to tell your story, how your life was affected because your parent had little or no life insurance. Before, my story was very difficult. Winning the award allowed me to broaden this perspective. Now, my story is fun because I know it will help other families avoid what happened to mine.
In addition to the video that shows my story, I am invited to speak to a wide audience nationally and internationally. This experience has also opened doors for me career-wise as well, for me too, became part of the life insurance industry by becoming a motivational speaker and landing an internship with New York Life.
My experience with life lessons Scholarship Program was the best thing that could ever happen to me. Sometimes we just need someone to believe in us, and the rest will take its course. I am able to go to school with peace of mind, I began to pick up the pieces of my life.
I encourage others who are in my situation to ask for one of these scholarships. If you have lost a parent who had little or no life insurance and you need financial assistance to get a college education, be sure to click this link and complete the request form, you can do it either in writing or by video. It took me three tries to apply before I received the scholarship, so keep it!
Keep in mind that wherever your life takes you, it's your experiences that make the stories of your life. Opportunity is different for everyone, but we all have to start somewhere. I understand the difficulty to share your loss history; but believe me when I say that there is nothing more rewarding than the time you realize your life is about to change.

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Have you planned for Pizza?

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Have you planned for Pizza? -


You are trying to determine how much money you need to save, net loans and grant money for your children's college expenses. You think you have a handle on this, but have you included pizza once a week? One meal per week means $ 2,000 spent on pizza when your son or daughter graduates from a four-year program. What about the occasional beer? OK, she is under 21, so we will do as soda. I bet you did not understand that in your number, because most families plan their college expenses based on the figures provided by the colleges and universities themselves, which are very loose estimates and the cost of essentials such as transportation and school textbooks of a degree.
The College Board reports that in 2010-2011, students could expect to spend an average of $ 1.137 on textbooks and supplies, and some textbooks can cost several hundred dollars.
Transport is another matter and can run several thousand dollars a year depending on whether your child lives on campus or commute. Or if it switches to what extent and what are the costs? What is the cost of fuel and maintenance of your vehicle?
What if your child decides to live in an apartment? Now you must add rent, insurance, groceries and utilities. What machine, cell phone and Internet service? The list is long.
Ahh! You knew this was going to be painful. But wait. What happens if you're not here to save or pay for it? What if you are hit by the proverbial bus?
I have a solution. It is called life insurance. It is a very cheap solution, and if you get hit by a bus, life insurance can supplement your savings and pay for the education of your child. If you do not have life insurance, you should. Just read one of our lessons in life-stories as Brittney LaCombe's see what happens when you do not.
Put life insurance in your planning. It's part of you take personal accountability for your family.

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a gift that will keep on giving

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a gift that will keep on giving -

The holidays are fast approaching, and high on the list of things to do is give the annual quest to find just the right gifts for your loved ones. You probably very specific criteria: You want something that meets their needs, not just satisfied their desires, and something that will last beyond the holiday season
You probably do not lack of gift ideas, but here. AOS something you may not have considered: get life insurance for yourself. Yes you. You see, life insurance is a way to show your love year Äôround, and is a gift that will keep on giving even when you are no longer here.
It, AOS the security donation , ensuring that those who rely on you now will be covered if something unexpected happen. For example, because Mike Rowe listened to his insurance agent and kept his existing life policy despite having financial difficulties, his wife and four children CindyLu were provided for when he died at age 47 with brain cancer.
It, AOS the gift of a future , an investment against your children, AOS potential and unexpected needs. The experience of Norm and Sandy page (another of LIFE realLIFEstories AOS) illustrates this in a very clear way. When the son couple OSA, Adam, was born with spina bifida, Norm and Sandy used part of the money value of their whole life policies to pay not only for medical items not covered by the health insurance, but also to help their son pursue his dream of getting a place on the national sledge hockey team US. He succeeded, and, at 18, Adam has won a gold medal at the Paralympics in Vancouver.
It, AOS the gift of love and a way to help relieve the pain that comes with loss. Both Missy Junk, orphaned at age 16, and John Butcher, whose wife of 37 years died of an undiagnosed heart disease, learned everything nothing can replace those who, AOVE parties, knowing that they cared enough to ensure their lives are proof of the love they had for those who remain.
Because life insurance is an investment, you want to ensure you buy the right amount and the right type for your needs and circumstances. Start by visiting 101 insurance and life insurance needs calculator online. Then contact a qualified insurance professional in your area to start the application process.
It, AOS the ideal gift to give to those you love!

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What Bambi has to do with life insurance?

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What Bambi has to do with life insurance? -


This is the time of year when many people pack their car with family and hit the road visit relatives. It is also time to collision deer, with many of these incidents ended with deadly consequences for drivers and passengers. This makes the deer one of the most dangerous animals in North America, according to an article by Doyle Rice USA TODAY.
The article tells the story of an extended family of 10 who was driving from Chicago to New Jersey when their van hit a deer on the Indiana Toll Road. When they stopped or slowed down, they were then hit by one point going 65 mph. Three adults and four children died in the accident, while three others were hospitalized.
The article goes on to say that according to the National Highway Traffic Safety Administration, there are about 1 million car accidents with deer each year kill 0 Americans, cause more than 10,000 personal injury, and result in $ 1 billion in vehicle damage. West Virginia tops the list of states where a driver is most likely to run into a deer, State Farm reports. The other states in the top 10 are Iowa, South Dakota, Pennsylvania, Michigan, Montana, Wisconsin, Minnesota, North Dakota and Wyoming.
What does all this have to do with insurance? Just think what position would you or your family if you were involved in an incident like the one described above and you had no life, disability or long-term care insurance? Make sure your car. If you are not sure your most valuable asset, your life?

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What we really like

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What we really like -
In pop culture, life insurance agents often flow into an unflattering light, but I'll tell you one of my favorite stories can change your perspective.
My brother-sister Anne's mother died several years ago. She was 75 and had lived a long and full life, which included raising five children on her own. Her husband had died when the children were small-Anne was small at the time.
Fortunately his father had had the foresight to buy life insurance. He realized, as a young man, it was important to set up a protection for his wife and five children, in case something should happen to her. His wife, however, was not satisfied with the money going towards the payment of premiums. She would have preferred him to go to anything other household needs were urgent, as money was tight at the time. Her husband, however, persisted with the cover. Within six months of purchase, he was diagnosed with melanoma; He died five years later.
The young widow has raised five children and sent them into the world, what would have been an almost insurmountable task without the money from the life insurance.
While certainly a compelling story, it does not end there.
When Anne was a result of his mother, someone came up and introduced himself. It was the agent who sold his father's life insurance. It came 50 years after his "sale", just to pay his respects and to see how these "children" were doing.
But the meeting went beyond even that. The officer was able to tell Anne to her father and how he was to his wife and children were supported. Anne was moved to tears, as was the first time in her life she had met a friend of his father who could tell him a story about the great character of his father.
This is what life insurance agents really are.

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Small businesses must act as large companies when it comes to

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Small businesses must act as large companies when it comes to -

 Insurance
Most professionals take into America-99.7 percent-are small businesses, according to the US Small Business Administration. Of these, 4.7 million employ 10 or fewer employees to true small businesses. And the truth of the matter is, small businesses need to do a thorough and thoughtful financial planning in the same way that large companies do.


My heart goes out to Brad. I just can not imagine surviving something like that.
Life insurance as the friend and adviser Steve Brad McClelland, CLU, CHFC, helped to establish was a lifesaver for him personally in the wake of the tragedy. "Money will not bring Lisa, Max or Owen back, but it makes the life I find myself easier. I must not work while I'm not ready, or sell my house because I can not pay the mortgage. I am able to think slowly for my future, "he said.
insurance that was in place for the company, including keyperson insurance, helped keep it going when it lost two of its major people-one to death, one in pain. It prevented the tragedy that took place this stormy day also stop the livelihood of all those working in the company.

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5 myths

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5 myths - Life Insurance
When talking about life insurance, it seems to cause a lot of fear and confusion. Unfortunately, common myths result cover too many people wait too long to buy or not buy at all. Clearing these myths can help you get the right coverage at the right price at the right time in your life
Myth # 1 :. There is no reason to buy life insurance when you are young. 

Many people believe they should wait until they have large debts to cover dependents to provide for before buying a policy of life insurance. The truth is there are many reasons to purchase a life insurance policy at a young age. If you provide financial support for elderly parents or siblings, you may want to consider. It may also be appropriate if you have a large debt that you would not want to spend the surviving family members if you were to die prematurely. Other types of insurance are a must, even for singles. If you borrow money to buy your car, the lender will require you to buy at least some insurance to protect your investment, and if you buy life insurance when you are young, it means lower premiums.
Myth 2 :. No medical insurance of the review of life is the best choice
although it may be a good choice for some, those who are healthy would do well to consider a policy traditional. The health examination might take a little more time, but taking this time can mean qualifying for the much lower rates. Traditionally underwritten policies also offer more options in terms of length of policy and coverage amounts, leaving the buyer to choose what they really need
Myth # 3: .. buyers must choose between term and permanent insurance
These are the two main types of life insurance, and choosing between them can be difficult. Life insurance, the most affordable type of insurance when originally purchased, is designed to meet temporary needs. It provides protection for a specific period of time (the "Term") and generally pays a benefit only if you die during the term. This type of insurance is often advisable when you need coverage that will disappear at a specific point in time. For example, you may decide that you only need coverage until your children graduate from college or a particular debt is paid, like your mortgage.
Permanent life insurance, by contrast, offers lifelong protection. As long as you pay the premiums, and no loans, withdrawals or redemptions are made, the total nominal value will be paid upon your death. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and price is for you to keep for a long period of time.
There is no telling what type of life insurance is best because the kind of coverage you need depends on your particular situation and financial goals. Often a combination of term and permanent insurance is the right solution
Myth # 4: .. Life insurance is expensive
There so many options for life insurance today that it can be affordable for almost everyone. The key is to shop around and get life insurance as soon as possible, the older you are, the higher the premium is likely to be. term life insurance policies are surprisingly affordable, and provide coverage when it is needed most.
Myth # 5. Life insurance is not available to the elderly.
Many companies offer life insurance for the elderly. Older people who lose work-related coverage they retire may be at a loss to provide for final expenses, but they can get coverage at affordable rates, and those who continue to work may still need a life insurance to cover loss of income when they die.
There are 95 million Americans have no life insurance, many because they do not understand the need or are confused about their ability to qualify. The truth behind the life insurance myths is that most people need life insurance, and it is easier and cheaper to get than most people think. Do not procrastinate. Do some research and make a decision to buy your life insurance today.

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What I Did For Love

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What I Did For Love -


I made the improbable jump music journalist blogger insurance a year ago, and it was partly because I had now a child. Journalism music had taken me to some of the most exhilarating after games, coaches and concerts that any 20 something could hope to experience, but it all melted into oblivion the first time I met the gaze of my daughter.

Children make you soft. Your views, fresh sages melt like ice in the sun from their eyes. And so I landed a content writing work, which I found to my delight that insurance and technology are just as fascinating as the music.
With my new job came a huge influx of knowledge on insurance, and I am sometimes surprised. One of the biggest shocks of my system was during a telephone conversation with a client who told me that you can get life insurance for something like $ 20 a month.
That night, I shopped for life insurance policies with the same zeal that I would once reserved for hunting an obscure, limited edition vinyl Robert Johnson. Children ... they change us.
When it came time to buy the policy that I chose, my infant daughter woke up with these whining break-your-heart that every mother lives and dies by. I nursed him back to sleep, slept, and returned to my computer to find that my enthusiasm for my life insurance policy found decreased and drew his last breath.
What was happening here? Should I not be happy with the chance to protect the future of my daughter for about $ 20 a month? Should I shouted this message on the roofs of every city in daycare?
And then it hit me ... I did not want to buy a life insurance policy because it would be an admission that perhaps something could happen to me, leaving my daughter alone. I would never curl hair or yell at him to call the boys. She would never lie on my knees and cry because one of the boys had been mean to her. For some reason, brushing off the idea felt safer. I protect it with the strength of my refusal.

Then I watched this video of Tracy Basden.
Yesterday, I called an agent here in Georgia. He found a policy term life of 30 years. It is $ 25 per month for $ 330,000 in coverage. My rate will never change. I have known a lot of sticker shock since I was a parent. And that was the sticker shock, too, but the good kind.
I'm not a perfect parent. My daughter does not eat 100% healthy, organic foods. And maybe I let him watch too many cartoons. But you know what? Buying life insurance is one thing I know I did it right.

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Divorce? What you need to know

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Over a million women will go through a divorce this year in the US, if the figures of the Census Bureau remain similar to last year, AOS.
  single woman at beach 


Divorce? What you need to know -
The emotional and psychological balance can not be measured, but the financial impact as possible.
financial bombs Besides the direct costs of a divorce which can be accessed on a spreadsheet, there are hidden there, if not recognized or addressed, could explode and destroy a woman, divorced AOS future carefully rebuilt.
There are countless financial pitfalls divorcing or divorced women face. I, AOM will highlight a few to watch:
Health Insurance
If your spouse was the one who carried out the health insurance benefits (and society has more than 20 employees), then you may be eligible to continue coverage under COBRA for 36 months. Meanwhile, you can find a job that offers health insurance coverage, or you can look for individual coverage on the open market. This solution is difficult if you have a preexisting condition. Some states do have a guaranteed program that waives a preexisting condition if you come from another plane. However, much is in the air with the reform of health care, so it preferable AOS to speak with an agent to understand your options.
life insurance
If you were covered as a dependent under your spouse's group plan, AOS, you, Äôll need to check to see if the benefits are portable (meaning that you can continue your coverage if you pay the premiums) or if coverage ends when you are no longer a dependent. If you are healthy, it makes sense whether an individual policy bought on your own is a better deal. It may be cheaper than carrying on group coverage. If you have a health problem, it makes sense to keep the benefits of the group if That, AOS possible.
If you have an individual policy, you can be OK, although it, Smart SOA to examine the amount to make sure it is adequate for your dependents, given your new marital status . In addition, in all cases, check your beneficiaries to ensure that your former spouse is no longer included, unless this is your intention.
qualified plans
Another common mistake is not to consider the beneficiary of a qualified plan (retirement account). Under federal law, your spouse is the beneficiary of your plan by default, unless a waiver is signed. When you go through a divorce, you need to make this change. Otherwise, if something were to happen to you and you were married, for example, your ex-spouse not your current spouse would get the money.
Disability Insurance
Disability Insurance, which provides income if you become ill or injured and unable to work, becomes critical when you are alone, as your support system has been halved. There are more than second or pay the same amount of savings and investments to rely on if something were to happen. This cover can often be obtained through your work; keep in mind that coverage ends when your work done. Or you can buy an individual policy on your own. Either way, the key is to know before something happens this type of coverage you have and how much of your income, it will cover.
In your 50s? Long-term care insurance
If you are in your 50s, it, Smart SOA to address the long-term care insurance. Historically, the most financially troubled individuals were older, divorced women, because they have less social security benefits have often been out of the workforce and many times do not have a pension. Long term care insurance is there for you if you need care, so you won, AOT need to tap into the money set aside for retirement.

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Six pension risk and make a plan to deal

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He advises that you should build a retirement income or survival kit personalized RISK. This is a retirement income plan that optimizes the use of your retirement resources while minimizing the risk of exhausting them. RISK provides specific advice on how to invest your assets to achieve the specific objectives of income while protecting against the six major risks you'll face in retirement.


Six pension risk and make a plan to deal -
Caleb J. Callahan, CFP, recently spoke at an industry meeting. He discussed the need for planning both before and after retirement takes place, in particular the distribution planning. I wanted to share his wisdom with you.
Once you retire and start typing your retirement income, you will still face a number of risks:
  1. Market risk - losing your savings
  2. longevity risk - exhaust your assets
  3. inflation risk - the uncertainty of the evolution of inflation in the areas of expenditure
  4. liquidity risk - flexibility to access cash
  5. health risk - health care expenditure
  6. risk Legacy - ability to transmit assets at death
once you understand these risks you'll face in retirement, you need to rank them in order of importance. After that, you must answer "yes" or "no" whether your current investment portfolio adequately addresses each of these risks. This will help you focus on key :? What should I do to respond to these risks and make sure that I can achieve my goals
The next step is best taken with the help of your advisor (or if you do not have it, you can search here). He or she can help you better understand the risks and the engineer of a revenue plan. That means building a retirement income allocation model that will be the basis of your retirement income plan.
According to Callahan, income allocation model should include everything in a traditional asset allocation plan, but it takes a step back to more effectively treat the six major risks. For example, an income distribution model includes not only the diversification of traditional asset management, it must also include the diversification among the guarantees Equity Income, life insurance, protection against inflation, care coverage long term and death benefits.
There is no single product that meets the six main risks to retirement, so the idea is to diversify between different products, including risk products on the basis, over the years retirement, respond effectively all.
Again, your advisor is the key for all. It's their job to help you understand the different components and products that make up your plan.
The last step is execution. It is important to have a plan that you can really understand and follow. A beautiful but complex plan that is in an intact drawer does not make you good. We are entering the era of personal responsibility for our own financial well-being. This is a good plan to help you start doing it.

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Take the Money and Run?

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Take the Money and Run?

- Recently, General Motors and Ford have made headlines with their pension buyout offers. Are you also facing the possibility of choosing a lump sum payment of your pension instead of the traditional option of annuity, which means it would be paid over time?

This is a trend likely here to stay, according to Robert Bloink, Esq., LL.M., William H. Byrnes, Esq., Who wrote about it in AdvisorOne. Here are their tips:

Before choosing whether to stay with the annuity option, which is seen as a safe bet by many, or opt for the lump sum, there is one thing you will need- professional advice.

The lump sum is a unique opportunity in a lifetime to customize your stream of income in retirement, but it is a little decision should make their own.

You might be willing to take the buyout, believing that you can invest in the stock market and beat the returns offered by your company pension. It's quite unlikely. We all know how the stock markets have performed in recent years, and it would be a stroke of luck for a novice investor to make significant gains in this way.

In addition, the lump sum will probably be more money than you've seen in some time. Also keep in mind that the lump sum offered today will be part of the amount you will receive a lifetime retirement benefits, not the whole amount .

If you rely on your pension for living expenses, it is essential to understand the need to manage these funds, rather than using the appearance large sum to live a more sophisticated life.

Why choose a lump sum?

So what should you do with this lump sum? With good management (and expectations well managed), the lump sum can provide an income stream to secure life. The main advantage of choosing the lump sum on retirement annuity payments is flexibility. While an annuity can remain the safest option for many of you, today annuity options are incredibly varied.

The pension offers a fixed monthly payment for life. In most cases, there is no adjustment for inflation or changes in interest rates. The professional management of a lump sum can also provide these protections.

For example, multi-year warranty periods offered with annuities can ease your worries about locking in an annuity at an interest rate that is too low. Called a scaling technique can enable you to protect against interest rate risk by choosing multiple rates during the retirement benefit guarantee period. If you are keen to participate in the equity markets, you may be able to do it safely through uncapped index annuities. This strategy links the benefits of the pension to a market index such as the S & P 500 or more market indexes for greater protection.

If you prefer the option of a lump sum because of the opportunity to leave a legacy, you can still buy an annuity and add a rider which provides enhanced death benefits. For those concerned about the expense of long-term care, annuities with chronic care riders are available.

And for those who just are not interested in an annuity option being, longevity annuities can provide insurance against survive current investments.

Although there are positive and negative aspects to any of these choices pension, unlike traditional fixed pension benefit, each lets you customize a retirement strategy for your unique objectives. Your individual financial situation, life expectancy and personal goals must be considered in assessing whether to accept a package deal, and once the offer is accepted, how to manage the product.

One thing is certain, however- if you accept the lump sum redemption, you will need professional financial advice, including a review of your life insurance and long term care needs. Reach out to your agent or professional advisor today before taking any decision, or if you need to find a counselor, go here.

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A successful life insurance movement!

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A successful life insurance movement! -
In preparation for Life Insurance Awareness Month, now in full swing! LIFE Foundation and cosponsored participated in motion Life Insurance, a blogathon a day to raise awareness of the importance of life insurance as part of a sound financial plan. A big thank you to the guru of the movement Jeff Rose good financial Cents. You can see the video below. Also thank you to all the bloggers who took part in the movement. There are many great posts here read at your leisure, but do not miss the hilarious smack-down wrestler video: # 24. Enjoy
  1. Money Crashers how much life insurance do I need: Many people know the importance of life insurance and how it can be so important to both that person and his family and friends, but most do not know all the factors to consider when deciding exactly how much insurance to get. The purpose of this article is to put life insurance in simple terms and to help people to understand exactly how much life insurance they really need
  2. Christian PF , the importance of life insurance :. Preparation part is for our benefit and part of it is to the advantage of our loved ones. In this case, you and I do not have any tangible benefit of buying life insurance, but peace to know that our loved ones will have a nice financial buffer is quite nice.
  3. The Military--Guide , military insurance: SGLI, VGLI, SBP, and other benefits. The basics of deciding military life insurance, and a large calculator military advantages
  4. Dividend Guy Blog , investment and cash flow strategies With insurance :. there are some ways to use insurance to generate cash flow or to use it as an investment strategy
  5. Intelligent Speculator Overview of the sector insurance: There are some great choices of actions between life insurance companies. Check them out in this review of the sector
  6. Experiglot , to determine the needs of your life insurance -. Thx to Excel: This is a simple and free tool excel to determine how much you need life insurance. You can even download the spreadsheet for free!
  7. The financial blogger whole life insurance Sucks ... And The Reason Why We Have One: In general, I certainly am not a big fan of life insurance whole as often too much for your needs. However, there are some situations where whole life insurance is simply the best product
  8. Insurance Does Matter 5 tips to get the best term life insurance quotes :. Here is a list of 5 laps to get the lowest insurance quote and always meet your insurance needs
  9. Fabulously Broke , life insurance by age: . depending on your age, did you know that your insurance needs change? There are products made for each generation. Learn about them in this position.
  10. Green House panda tree , you should consider life insurance in your 20s? We look at the idea to spend your money on life insurance in your 20s.
  11. Do not wait , should you invest your money in life insurance: With all the options for your money, where you should invest your retirement accounts
  12. net insurance of life , 7 reasons to use a term life independent insurance agent: This post explains why the use of an independent life insurance agent can add value the actual buyer. Many consumers are not aware of the process when looking for coverage and are not adequately reflected in the choices available. A good agent can help guide and advise clients in this most important purchases
  13. Every Day Minimalist Decluttering My insurance policies to save time and money. Insurance policies are often a mess and very difficult to understand. After a while, you get 4-5 contracts and you do not even know why you have them. Discover how I decluttered my insurance policies
  14. Rule Your Wallet Blog , why am I life insurance and why you should too: Life insurance is a important step in moving towards my family financial security. There are many advantages to buying life insurance and all my personal reasons for buying life insurance is the outline for you. I also covered the story of my family how we bought life insurance when we had very little money to put towards life insurance
  15. Lifeinsurancesage , So You Think You Know Life Insurance :. This post will talk. the essence of what life insurance is or is not
  16. Finance Young Adult , it is a life insurance policy is beautiful: Like George Bailey in the movie It's a wonderful life, there will be a day when you really think about life insurance. Hopefully you do your research before you need. Do you really need life insurance as a young adult in good health? [I will be doing a video entry as well to air on the go live date. Thanks!]
  17. Silver Life and More Life Insurance Movement - Why I Do not Need Life Insurance Right Now To determine how much insurance I feel I need a take a few factors into consideration. They understand my age, my property, my debts, which depends on me and, above all, how much money they would need to stay on track for a comfortable life should something terrible happen to me and I die.
  18. Wealthy Turtle , life insurance is an essential element of any financial plan: Mike Collins WealthyTurtle.com discusses the importance of including a life insurance policy as part of your overall financial plan. Without adequate life insurance your entire financial planning can be for nothing
  19. The College Investor Why young families need more life insurance than anyone else :. A look at why families with young children need more life insurance than any other class of persons.
  20. Parenting Family Money , should you buy life insurance for your child: most people do not like to think of life insurance and they are even more hesitant when it comes to a child. Buy life insurance for your child is something to think about at least
  21. Free From Broke , Term Life Insurance Versus Whole Life. What is term life insurance? How about whole life insurance? Take a look at what each one is and differences. It is important to understand the difference before you shop
  22. Stock Chase , insurance :. Insurance in my mind has a purpose, and one purpose only. To provide an income for your family in case of your untimely death
  23. Moms Plans , why you need life insurance: . Why I think people need life insurance based on my experience with my father died 38 years with very little life insurance.
  24. Best Rates In , your family is protected with adequate life insurance: life insurance is one of the policies that you should have - especially if you have to? charge. Are there people rely on you to provide for them? If yes, you need life insurance if you do not want to suffer a financial disaster if you die unexpectedly. They will already have their pain treated; you do not want to add financial burdens in addition to this
  25. examine , you have a domain if you have a life insurance. Life insurance creates an instant estate and many see a succession as something rich or wealthy owners. This article has highlighted the issue
  26. more money than the Month , 3 reasons why your life insurance based on work not enough :. For many years, I thought I was covered as far as life insurance is because I had a bit like an advantage at work. But count on a life insurance policy based on the work are not a god idea and here are 3 reasons.
  27. Chatswood , buyers-of-insurance-against-people-you-convince- to buy insurance: a frank description of the problem people who buy life insurance who want to be financially responsible, but can not quite do it - like a failed dieter - and how as a financial advisor for the life insurance you may be able to help
  28. the coach Target , life insurance :. Law of Love + FAQ About Life Insurance: Buying life insurance is something we avoid, but it is an act of love for our family. In addition, frequently asked questions (FAQs) on life insurance are included for educational purposes.
  29. Money under 30 , when is the right time to buy life insurance? Do you need life insurance? And, if so, when should you buy? If you wait until you have a family, or buy a little earlier than you can afford? Have you ever need a life insurance even if you do not have your own family? We answer these questions and more, dispel some common myths we hear about when to buy life insurance
  30. Quick Finance Stead How competitive life insurance Price :. The post teaches readers exactly what to look for to ensure you get the most competitive term life insurance plan, or at least, you'll be glad you
  31. 20S Finance Do I need more life insurance .: My post says when people should consider getting more life insurance and how to weigh the benefits and costs to determine if it is necessary.
  32. budgets are Sexy , it's time for you to get a life insurance .... Take 10 minutes to think about today MMLP ( "Mo 'Money, less problems "insurance) and I'll leave you alone for the next 4 years! 😉
  33. Club Thrifty The need for life insurance: the prospect of a Mortician: Every day I deal with people who have lost a loved one. Every day I hear the stories of how these people for their families. Unfortunately, almost every day I encounter families that loved one died and left them without the protection of life insurance.
  34. Hinermangroup , Dragging Your Feet's no way to take care of your family!:. a life insurance chat with men, especially young men
  35. Wisebread Life Insurance: What to Consider Before Replacing a policy ":" Set and forget "" should not necessarily be your motto for life insurance. Here's what to consider if you're shopping for a better policy.
  36. The term Guy Join the movement of life insurance: term Guy explains how he uses the term life insurance to ensure his children can go to college and to ensure the retirement of his wife should he die early.
  37. Lifeinsurancecanada Why I think life insurance is important for my family: A Canadian life insurance broker describes how he implements various types of life insurance (term, universal life, and the last joined die) to ensure a legacy, to ensure that his children can go to college, and secure its financial future and his wife.
  38. Donna Freedman Why I life insurance. My only child has health problems. I want to assure you that I leave something more than good memories
  39. Debt Hhole Black Inside The Debt Black Hole # 9 - Life Insurance Movement Memorial Spaceflight and cryopreservation :. In this special ninth episode of Inside the Black Hole debt, I mean the life insurance Movement started by Jeff Rose good financial Cents, give reasons why it is important for all Geeks for insurance -Life and provide some unique sci-fi sounding options for Geeks who- like myself want to do something special like a farewell or are- myself also really afraid of dying
  40. My123Cents , Wrestling with life: It is both a blog and a video submission. It is a bit tongue and cheek with video, have fun with the fight. The blog is more nuts and bolts. Thank you!
  41. Money Week Women , ask yourself: How much life insurance should I have? This post describes exactly what questions to ask to determine the amount of insurance you need - like "do i want life insurance just to cover my expenses or increase the wealth of my family?"
  42. Step away from the shopping center , I really hope you like Angry Birds: Anyone with a smart phone can find $ 20 a month to buy a term life insurance, but there a lot of people who prefer to waste money so they can throw "virtual birds" to "virtual pigs" in place to ensure their family is taken care of if they walk in front of a city bus all trying to beat their high score! ? This must change.
  43. Chuck Rylant , are you worth more dead than alive: We often buy life insurance because we were says we should, but we do not always understand exactly why or if we really need. We do not know how much insurance is right. . Today I will simplify life insurance, dispel myths, and save you money
  44. My family finances , why families need to get life insurance: Take it from a Guy Not Trying to sell you a policy, life insurance is often packed with misfortune pulse and although it is important to act and act quickly, is a marketing ploy that is completely unnecessary. There are many compelling reasons for buying life insurance; I frighten you.
  45. One Design Money Why is the important life insurance for my family: There are years something significant happened in my life. I got married and made me take seriously my finances and obtain life insurance to protect my family
  46. Cash Money Life , life insurance, Party a comprehensive financial plan. Life insurance should be part of financial planning for each individual. Unfortunately, many people overlook life insurance in favor of focusing on investments or other financial matters
  47. The Military Wallet , types of insurance -life for military :. We take a look at life different programs available for the military, including those offered by government agencies and military insurance
  48. High Yield Savings Accounts How to get life insurance no medical exam :. Many companies offer life insurance without requiring the individual to take a medical exam. But these policies do not always offer as much coverage as other insurance policies and may be more expensive. We cover this and help people know what to look
  49. Moneylicious Why life insurance is important. Life insurance is to provide peace of mind. Statistical information is not enough to motivate people to purcahse life insurance. You have to meet people where they are in their lives and tell their story
  50. Make love not debt Our life insurance decision. After we married, our first priority was to get life insurance. Here are the steps we took.
  51. Edward Antrobus How Life Insurance Do You Need? Life insurance is a real need that many people ignore. At the same time, you probably do not need as much as you think you do
  52. Three Thrifty Guys Do I need life insurance.?
  53. The Loonie Bin blog , when life happens: The importance of life insurance: We all know that talk insurance is as fun as using a metal blade on a hot day of summer, but personally I think his life insurance is the most important step that everyone can take when it comes to your well-being family
  54. Beating Broke , the life insurance Movement :. Covering the basics of life insurance, and urging you to have some, even if it is still not enough
  55. money plane SOS , the mathematics behind whole life and life insurance temporary:. What is the real difference between whole life and term life insurance? I expose the truth behind the costs and show how we have better long-term benefits than the other for the majority of young adults. Audio recording is also available
  56. I heart Budgets death. The only reason for life insurance: premature death. None of us want that to happen to us, but if it does, life insurance will allow your family to cry without a huge financial burden.
  57. Bible Money Matters 8 reasons why you should Buy Life Insurance Today (And 2 Why you should not) life insurance is something wrong with the comfortable, but it is one we all need to talk. Here are 8 reasons why you should buy a term life insurance today, and 2 reasons why you should not
  58. blog insurance by chris , a new perspective in the sale life insurance. How Jeff Rose of "Life Insurance Movement" and the death of a friend helped me gain a bold new perspective in the sale of life insurance
  59. My Money Blog , life insurance advice from a life actuary :. tips on buying life insurance for people who actually design insurance -.! actuaries Thanks
  60. Retire Happy Blog , life insurance is the foundation of your financial life: most people never want to talk about life insurance or see a life insurance agent, but is .. the foundation of a good financial plan Without life insurance, an unexpected early death could crumble the rest of the plan
  61. online Benefits Group Conversion Group life insurance: some plans allow conversion privileges and one of the most common examples of this is the conversion of a group life insurance plan in a personal
  62. Balance Junkie , Five Unconventional life insurance tips :. Some common problems around life insurance is if you need life insurance, how much and what type. Some other tips to think
  63. See Run debt , insurance for the rainiest of days .. A fear of death and a feeling of invincibility can not keep me from reality that life insurance is one of the most important investments you can make
  64. Married with debt Confessions of a movement of life insurance. rather than a guilt trip or lesson, John offers life insurance denominations, including being underinsured and fear of needles, making him pay a higher rate.
  65. Girls Just Wanna Have Funds life insurance: How much does your household need? We all learned in various situations that "it is better to have and not need it than need and not have it "; this is the most critical true when it comes to life insurance. But how much is enough? Also, how much is too
  66. Life happens Calling All Moms (and Dads) the Life Insurance Movement :? I do not think I will die prematurely, but how the hell do I know if this is true or just wishful thinking. The point is that I do not know. That's why I have life insurance. I want to ensure that if anything should happen to me, my husband could focus on increasing our son without having made infinitely more difficult with financial worries.
  67. Your Smart Money Moves life insurance: Why do you think $ 1 million is a lot of money: After a practitioner involved with life insurance in the last 21 years, I have unfortunately had to deliver my fair share of insurance checks. When I met people who have lost a loved one and now to build a financial plan, never once have I heard say, "Boy, I'm so angry my life insurance agent sold me too much insurance! "Instead, I hear horror stories of widows who do not understand why their husbands took no more life insurance. Or, they assured their spouse they would be" well taken charge "if something happened to them. This is the story of many families across America
  68. my Journey to Millions Why I purchased my whole life child and why I think everyone should consider doing so. Between logic and low cost of a decent mutual political life, I do not know why someone does not want to at least consider buying a life insurance policy on their child.
  69. Canadian Finance Blog Why life insurance is Important :. We do not really think about death, but life insurance is important because you never know what will happen next
  70. stupid Cents of insurance term life: Lots of coverage at a low cost: the term life insurance covers you only for a specified period. . A term life insurance policy is inexpensive and many come with a renewal option
  71. Personal Dividends , your family needs life insurance: Your family needs to life insurance because it provides financial support for them in case you lose your life, and peace of mind while you are alive
  72. Girls Just Wanna Have Funds , to marry:. What happens to life insurance policies: When you are married, much to both your life and the life of your partner get thrown together, including finance, households, families and a crowd other things you can not really predict. But one thing you can take care of taking care of your life insurance policies. There are some things that new couples can do to improve their coverage or life insurance or reduce the amount they pay in premiums.
  73. Girls Just Wanna Have Funds , women and life insurance: 4 reasons why we must be prepared for the inevitable: Many women have not or too little life insurance. Historically, women were almost never adequately secured
  74. Add-Vodka , the Life Insurance Movement. Indifferent I: Description of Daisy thoughts on life insurance when you are young and n 't have children.
  75. Financial Solutions If you can rename life insurance, what would you call it? If I could rename life insurance, I think I would call it Realization insurance. Why, life insurance has so many uses and without it, the achievements could not happen, like a childs education to continue, a house for relatives to live, a business partner able to continue its business, a brand real left, cottage to say in the family, an adult child with money for the property, grandchild being able to begin life with a good base, and so many other wonderful things that could happen with the assurance of realization.
  76. Payoff , 5 important reasons you need life insurance :. Why life insurance is important and benefits behind getting enough coverage
  77. Financial root , thinking about life insurance purchase? Start with "Why: Buying life insurance Begin?" Why "
  78. Roth IRA.com , the Life Insurance Movement (for pension investors ) looking at some of the parallels between life insurance and retirement savings
  79. consumerism Commentary life insurance. who needs it? I do not have the life insurance, but I do not have dependents, debt or expenses that can not be covered in my savings. but if it does not apply to you, think of life insurance
  80. Cultivating Wealth parents, please Cross life insurance Off Your List :. as future parents or parents with young children, you have heard that you should get a life insurance even . if you have some thanks to your work
  81. life insurance by Jeff , what is the right time to buy life insurance: the only time really begin thinking about life insurance is when certain life events occur. Whether the birth of another child or you lose a loved one, it is these events that get the wheels turning
  82. USMC Servicemembers Group Life Insurance - an advantage Great military :. The military have access to Servicemembers Group Life Insurance (SGLI). SGLI is an affordable group life insurance program that charges a flat rate to all members, regardless of age, sex, health, or other conditions. He did not exclusions from the war zone commonly found in traditional life insurance policies
  83. A solution to , why I need Life Insurance :. I knew I had to assess my personal financial plan once my wife and I decided that we would start having children. Part of this plan was to ensure that our family would be supported financially if I died before building a college fund for our children, had paid for a home, and had enough savings built in such so that my wife could raise our children if I am no longer there to provide income
  84. Consumerboomer How to compare policies of life insurance. !

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Believe me, you need

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Believe me, you need -

Note: This post originally appeared on the blog of Tonya Love of family and home during the life insurance Movement blogathon a day which was co-sponsored by lIFE and was coordinated by Jeff Rose good financial Cents .

Now I know what you think ... "Tonya, you are a home decor / DIY blogger. ... Really? Why would you blog about the life insurance? "

A few different reasons ...

  1. I believe in the importance of life insurance.
  2. My husband is a financial advisor who is specializing in life insurance.
  3. This is something that has personally touched my husband and family.

Maybe for you to understand really, we should just let him tell you the story. ... Take baby!

Hi everyone, my name is Bobby and I am married to the wonderful woman behind this here blog. Today I wanted to share my story with you.

When I was born in 1982, my father was just 22 years old. Do the responsible thing, he took out a term life insurance policy to protect his new family, just in case something unexpected should occur. A few years later, in 1985, my sister was born and the importance of life insurance has become even more relevant for our young family. My father knew that if something should happen to her, my mother would need all possible financial support.

Fast forward a few years later. ... I was 12, my sister was 9, and my father was diagnosed with a rare form of cancer at the age of only 34 years. The doctors gave him a year to live. He underwent numerous chemotherapy and radiation cycles. After only eight months ago, he lost his fight against the disease and died on his 35th birthday.

The life insurance proceeds that were paid to my mother after the death of my father took care of his funeral and paid his medical bills cost. When the time came, the money has also put me and my sister in college and we allowed to graduate without the burden of student loans.

there

Four years, I entered the life insurance business and every week I meet young families and business owners to discuss the importance of life insurance for financial security. As you can imagine, life insurance has played a complex role in my life. I feel as if it is my duty to carry on the legacy of my father and to share her story with every customer I meet.

If you are a young family with children, I can not stress how much life insurance is! Life is full of unexpected twists, and you never know when something might happen to you or your spouse. A question I ask my clients repeatedly:

"? What kind of financial situation of your family would be if you have not done at home from work today "

It is certainly not something we want to think, but definitely an important issue to consider, especially if your family depends solely on your income to pay bills, buy groceries, etc.

for me, I know if I do not do home from work today, my family financially be supported. I know I did my part to ensure that their future will be safe. I know that Tonya will not have to scramble to pay our bills. I know she will not have to worry about finding a job. I know the boys will have food to eat, clothes to wear, and that their college education will be paid in full. the 'life insurance gives our family a sense of security and peace of mind.

Please, if you do not have life insurance, pick up the phone and contact an advisor today! Believe me when I say, you need it!

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There's No Excuse Really!

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There's No Excuse Really! -
50 million.
Try to wrap your head around that number.
This is the population of California and Illinois combined to help put into perspective.
This is how many people have no life insurance coverage in the United States.
This number is staggering.
This number, together with many personal experiences that I have had people who do not have the sufficient insurance coverage or life insurance coverage to all life, was the motivation behind starting the life insurance movement otherwise known as #LifeAWARE.
Thirty-nine percent of American adults do not have life insurance, which, when you think about it, is crazy. Based on a new study, the most common explanation, alias "excuse" is that life insurance costs too. The reality is that over two thirds of those with life insurance are paying less than $ 100 a month to have, and a little less than half pay less than $ 50 a month.
Do you still think life insurance is too expensive? Think again!
It is difficult to get people motivated on a topic like life insurance, for obvious reasons. Who wants to talk about death? Life insurance is not to die; it is to care for those who are still alive when we left.
The Movement of life insurance, where more than 155 personal bloggers shared their personal stories and reasons why life insurance is so important, why reinforced all households with a family must be talk about.
Melissa Littlehouseinthevalley.com shared her story about how her father was diagnosed with cancer and lost his life at age 38 Although it has not bought a huge policy that would have left her family that much better, buy it enough to help the mother to take care of the mortgage.
Shawanda Greene Youhavemorethanyouthink.org shared his story of how his father bought life insurance, but not take care of the major detail to ensure that she and her mother were the beneficiaries. At his death, his sister called the beneficiary has received all the benefits, leaving his family in an emotional and financial loss.
For all young adults who feel they are invincible and that nothing will ever happen to them, they should take the time and read the story of Jason in Worksavelive.com. He shared the tragic story of how the wife of a close friend, who was eight months pregnant, had complications of labor. Complications were unfortunately not only the life of the child, but also his own. To compound the problem, she had no life insurance, leaving the surviving husband and first child struggling to pay medical bills and other expenses.
These are just some of the reasons why life insurance should be a dinner table conversation. There is no excuse for why you should not buy life insurance.
Get #LifeAWARE.

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College Make your child's education is more than just a dream

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College Make your child's education is more than just a dream -
It is undeniable that, as a parent, you want the best for your child: good health, happiness and a productive and satisfying careers. And one of the keys to achieving this future is education and training.
According to The College Payoff (a 2011 report of the Center on Education and the Workforce), "In 02, the degree holder of a bachelor could hope to earn more than 75% on a lifetime than someone with only a high school diploma. Today, this premium is 84%. "According to the report, while, on average, a high school graduate can expect to earn 1 $ 3 million over a lifetime, a person with a bachelor's degree can expect to gain a life of $ 2.3 million, while those with graduate degrees can be even greater.
But a college education is not cheap. an article on Kiplinger.com quotes a price tag $ 28,500 average for a year at a private college non-profit before adding additional costs such as room and board, books and other expenses. and because of inflation, these numbers will only increase.
Not surprisingly, in addition to obtaining loans students themselves, many students rely on their parents for financial support. But what happens when parents are not there to help them? In situation Chezerea Ortiz, the loss of his father, in his words, "crumbled the foundation of my family." Not only had she to bear the burden of his college expenses on herself, but she was also concerned about the future of his younger brother. You can see history here.
Fortunately, as the biggest beneficiary of the 2011 price life lessons Scholarship Program Chezerea (right) received $ 10,000 to help defray his college expenses. (You can read the stories of others life lessons scholarship recipients www.lifehappens.org/scholarship-recipients)
And even if she is grateful for the help, it also stressed the importance " to be sure that the people who depend on us will be able to take care of things when we left ... life insurance is really one of the few comforts that we can leave our families "
now, ask yourself :. what would happen to your child if you were gone? What kind of future could your child expect? Would he have to choose between giving up their career goals or incurring a massive student debt? If your answer to these questions is "I do not know," then you should consider adding life insurance and disability insurance to your portfolio.
Life Insurance
So you hope to be there when your child graduates from college, the truth is there are no guarantees.. Having a life insurance policy in place can help finance future education of your child, even when you are not there to provide direct cash assistance
life insurance falls into two categories. the term and permanent term life insurance is more affordable but only provides protection for a specific period of time (eg, 20 years) and generally pays a benefit only if you die during the term. This can be a good option if you have a need for a cover that will end at a specific point in time, such as when your last child of university graduates.
Permanent life insurance provides lifetime protection, accumulates the value of the cash and pay the full face value death. Under the policy, you may also be able to enjoy an accelerated death benefit in the event of a terminal illness, which allows you to draw a portion or all of the death benefit to manage spending common, the rest supplied to your beneficiaries upon your death.
disability
Although you are channeling a portion of your earnings into a college fund for your child, what will happen if you are disabled and can 't work? You have three chances out of 10 to suffer a disabling illness or accident keeps you out of work for 0 days or more during your career. What would happen if your salary was to stop? Would you have to dip into savings to make ends meet? And how do you keep putting money aside for the education of your children?
If you think that you could rely on the government, think again. The average monthly benefit paid by Social Security Disability Insurance (SSDI) is a little over $ 1100 per month, and most people who apply for benefits are initially denied. But if you have a disability insurance policy in place, you will receive an income if you are unable to work due to illness or injury, helping to ensure that your plans for the future of your child can still become reality. To learn more about disability insurance, visit www.protectyourpaycheck.org.
So you can dream of the day when gowned cap and your son or daughter graduates, be sure to keep your eyes wide open to the realities of the financial costs of education superior. Having a life insurance policy in place, supplemented by the additional security provided by disability insurance, you will ensure that future education of your child is more than just a dream.

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What is in your wallet?

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What is in your wallet? -
So there I was, hanging out at the bar dinner last Tuesday. Next to me was this guy with a flight of wine glasses. Out of curiosity, I had to ask: "What is your favorite? He gave a long look at the three glasses and said, "Pinot of Washington. It is light, smooth and silky. "We exchanged names and continued to talk for some time that we spent the night. Later, Monica, our server asked if we were finished and we both said it was time to call it a night Monica harvested our bills and we presented our respective bills
both reached for our portfolio, therefore, it occurred to me when I asked...: "Hey, Tom, what is the most important card in your wallet?" Tom looked into his wallet and pulled out a picture of his children and smiled "Tom, I get that. they are important in your life! Which card do you? "
Tom fingers through multiple credit cards and landed on his VISA card. He started shooting and then saw one." John, it is my health card. "
"Yeah, that's what I thought as well as ..."
Tom quickly adds: "Until"
I stopped and said: "... until I learned that my health insurance card paid everyone but me You see, when I had my accident waterskiing and was confined to one. hospital bed, my medical card paid the hospital and the doctors put me back together, but he has never, ever paid me my salary. that's when I learned that the most important card to have in my portfolio my card-the card paycheck protection that shows I have disability insurance. that's what I paid income when I was unable to work. "
I share this story because I think Tom's response could be the same for most people, including you. So I want to challenge you to think about what would happen if you became ill or injured and unable to work? How long would you be able to make ends meet without your paycheck? In my case, the accident left me unable to earn an income for an extended period of time. I'm in a desperate financial situation without the income that my disability insurance policy provided me. That's why you need to protect your income with disability insurance. Learn more about www.protectyourpaycheck.org.

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Estate planning a powerful tool for married couples

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Estate planning a powerful tool for married couples -

Like much of the economy-the talk of fiscal cliffs and all there is uncertainty about taxes in 2013. I wanted know about a planning strategy in the allotted time.

marital deduction (IRC sections 2056 and 2523) eliminates both the federal estate and gift tax on transfers of property between husband and wife, in fact treating them as a single economic unit. The amount of goods that can be transferred between them is unlimited, which means that the spouse may transfer all his property to the other spouse, during life or at death, and completely escape any federal estate or donation on the first transfer. However, the property transferred beyond the unified credit equivalent will ultimately be subject to the estate tax in the estate of the surviving spouse.

Through the use of the unlimited marital deduction, the combined assets of a married couple are not affected by the federal tax succession, which means that the total amount available for the support of the surviving spouse and maintenance after the death of the first spouse. On the death of the surviving spouse, the marital deduction may not be available, which means that the total value of the remainder of the estate of the surviving spouse will be exposed to the federal estate tax.

The Tax Relief Act 2010, however, provides for "portability" of the tax unified credit maximum inheritance between spouses. This means that the surviving spouse can choose to take advantage of any unused portion of the tax unified credit inheritance of a spouse who dies in 2011 or 2012 (the equivalent of $ 5 million in 2011). Consequently, with this election and prudent estate planning, married couples can effectively protect up to $ 10 million from the federal estate and gift tax-free use of the marital deduction planning techniques, but only if one spouse dies in 2011 or 2012. transferred beyond the $ 10 million unified credit equivalent combination will be subject to estate tax in the estate of the surviving spouse. (You may want to consider life insurance to pay the bill of tax due when the spouse dies.)

If the surviving spouse is predeceased by more than one spouse, the amount additional exclusion available for use by the surviving spouse is the lesser of $ 5 million, or unused exclusion of the last deceased spouse

IMPORTANT :. Since the 2010 Tax Relief Act "sunset" at the end of 2012, the portability of the unified credit exemption between spouses will not be available from 2013 if Congress takes action in the future.

If you want more information on how to make the most of the marital deduction, please contact your financial advisor or agent.

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You're retired. This is happening now with your finances?

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You're retired. This is happening now with your finances? -

According to the National Center for Health Statistics, the average life expectancy for an American today is 78½. However, many people can live 20 to 30 years past what is considered typical retirement age of 65, the challenge is how to organize your financial resources so that you will have sufficient income throughout these retirement years.

The median income of the retired population is around $ 18.700 for people 65 and older. In 2010, Social Security, on average, accounted for 40% of their income. Pensions and annuities accounted for 20%, property income accounted for 12% and the result of profit accounted for 27%.

According to the Social Security Administration, the average monthly benefit for retired workers was only $ 1,230 per month in early 2012. Can you pull on it?

A survey by the Employee Benefit Research Institute (EBRI) found that the percentage of workers saying they have saved for retirement fell by 75% in 09 to 65% in 2012. Only 42 % of respondents said they have tried to calculate how much money they need for retirement, and 16% of workers were not sure of having enough money for retirement.

When will you retire?
Although retirement usually occurs around age 65, the age does not necessarily indicate a complete end to employment. Many retirees continue to participate in the workforce for financial reasons and not financial.

You need to evaluate your current financial resources to determine if you have sufficient income during your retirement years. If the pension income provided is not sufficient, additional income must be allocated to save for retirement. You must understand the importance of saving for the future and start it as early as possible in life. If job changes occur, you should keep your retirement accounts as you move from job to job.

Because retirement planning is a multi-dimensional business, you should consider how best to distribute and preserve assets. Retirement planning does not end at retirement; the retirement planning has put the regime

You must be aware of the options available which include :.

  • health care resources such as supplements Medicare and Medicare Advantage
  • Life insurance for final expenses, income replacement, lack of assets, children with special needs, legacy planning and the needs of the estate tax
  • short-term and long-term care options for the protection of assets, the choice of care and needs survival of the Joint health
  • financial products such as life income annuity to provide income and beyond the normal life expectancy. You can live 30 or more years after retirement.

All these issues must be discussed with your agent and / or advisor to ensure you have the best advice and guidance for a secure retirement.

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Tweet, Tweet Here is the truth-

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Tweet, Tweet Here is the truth- -

Have you put off getting life insurance (or most of it) because you think that It is too expansive? You may want to reconsider when you learn this: Most people believe that life insurance costs nearly three times as much as he does, a new study says LIFE Foundation and LIMRA.

Take this example: the annual cost of 20, $ 250,000, political life in 30 years term for a healthy eating is about $ 150 per year, but Americans believe the cost $ 400!

Here are 10 more facts of the 2012 Barometer study insurance may surprise you. We actually "tweetable" so you can share: click that you would like to tweet and the tweet will be generated for you. And make sure to follow us on Twitter at @LIFE_Foundation.

More than three quarters of Americans believe most people need life insurance. Your family protected? http://bit.ly/tzTqa4

Americans overestimate the cost of life insurance by nearly 3 times! It is more affordable than you think. http://bit.ly/JBwv23

What do you expect? 1-2 Americans without life insurance say they need one! http://bit.ly/IhfF6t

The most important factor when buying life insurance? Be sure you understand what you are buying. http://bit.ly/tzTqa4

the most common excuse for not buying life insurance? Other financial priorities. Time to re-prioritize? http://bit.ly/IhvNqx

New Study: Nearly three quarters of Americans are concerned about the lack of money for a comfortable retirement. http://bit.ly/IhfRmi

Honey, I think you need life insurance. Nearly 3 to 10 testers want their spouse had more! http://bit.ly/IhfF6t

Nearly half of those who need life insurance say they have not bought because he did not have time of it. Oy! http://bit.ly/JrrCGB

Surfing USA! 9 out of 10 people aged 25-44 will use the Internet during the process of buying life insurance. http://bit.ly/tzTqa4

I have some questions for you. 2-3 Americans still prefer to buy life insurance face-to-face. http://bit.ly/InRu7m

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