Insurance Admin

When you love someone, it's the little things that make the difference like opening a car door, pulling a chair , wiping away tears and spending time listening to the talk of the day. It is also to protect and care for your partner and family, even when you're not there. Ensuring that children have coats in the morning, even if they say they are not cold; put a nutritious dinner on the table, even when he ate so fast you do not know what it is; and ensure financial security, even if they have never watched a checkbook.

Loving someone is keeping their best interests in mind, even if they are too young to know what it means.

Life insurance provides financial security for your loves ones at a time when they need it most. They are fragile and shaken by the void of departure has caused in their lives. The last thing they need is to worry about creditors.

Your letter of ultimate love

Hopefully you spend your life story and show your family that you love them in a million little ways. This should not stop when you pass. Life insurance is your ultimate love letter to them.

Remember the fireworks and butterflies when you met your significant other? Remember how you made a point to know his interests, sometimes placing them above your own? You move mountains for that person.

If only we had an angel, as George Bailey did in It's a Wonderful Life, which showed what things we would like for our family and friends, so we were not There. We can not know the pain they would endure when we left and, frankly, we do not want to think about it. But we try, for their sake, to imagine from a financial point of view. We try to imagine their needs and anticipate how we can help without being present. We define our roles in the family like this:

• My family relies on my income for spending on a daily
• I take care of the needs of each .. I not draw a salary, per se, but someone would have to do if I was not there. My husband could not do everything.
• My children go to university. These expenses must be addressed.
• My spouse will be devastated. There is no way he will be able to work right away.
• My family has no money to cover my final expenses or to cover taxes on my estate.

provide for financial needs of your family is one of the few things that you can control when it comes to premature death. It's peace of mind and a way for your family to know that you liked enough to protect their future.

Buy life insurance is like sending a love note from the beyond, as a last gift to our loved ones saying, "I would give the world to be with you but since I can not, I will do what I can and that is making sure you are covered financially. "

We don 't know how the love story ends, but taking care of the needs of our family will be a reminder of our love for them long after we left. in this scenario, life insurance becomes love insurance.

Most people, if asked, have trouble explain what disability really is. It is actually quite simple to define: Disability insurance protects your salary

If you become injured or ill and can not work, disability insurance pays you a portion of your salary until you can return to work .. a Life Happens survey revealed that most people could not do a month without their paycheck before financial difficulties would set. So it's easy to see how the disability is.

"It's fine," you say, "but here's why I do not need"

Reason 1: "I'm young and. healthy. A disability will never happen to me "

The truth :. You actually have three in 10 chance of suffering a disability that prevents you from working for 0 days or more at some point your career, according to a survey Happens life. You do not know which side of that statistic, you'll be on

Reason # 2 :.

Truth "I could count on government benefits." most long-term disabilities are the result of an injury or illness that is not work-related, and thus would not be eligible for workers' compensation. And if you plan on disability social security benefits, who pay an average of $ 1,100 per month, which let you live around the poverty level

Reason 3 :. "I have a disability coverage through work"

truth :. you can, but it is more than likely you do not. Most (70%) of private employers do not offer long-term disability insurance, according to the US Department of Labor

The bottom line is this :. If you work and rely on your paycheck, you need disability insurance.

Next steps

What you need to do is:

1. Find out what disability insurance coverage you have at work ( short term, long term, both or none). Your HR department can help you with that.

2. Make sure you know the coverage you really need by using this easy online disability insurance calculator needs. (Keep in mind: Your employer can give you coverage as a benefit, but it does not mean that it is enough)

3. Get individual disability insurance to fill gaps you might have to make sure that you are covered if something were to happen to you. An insurance agent sit down with you for free and help you find a policy that fits your needs and budget.

A new study Merrill Lynch / Age Wave found that 47% of respondents aged 50 and over who identified themselves as retirees working or planning to work during their retirement years. In addition, 72% of pre-retirees in this age group said their ideal retirement will include some form of work. Retirement, which was from 62 to 65 years, is now generally 65 to 69.

The financial crisis unforgotten can play a role in those years of prolonged labor. Many people panicked after the market crash, are out of stock and has never had before. They locked the losses they took then and are still trying to recover.

Often overlooked in these situations is the need for life insurance beyond the "normal" retirement years.

people are living longer these days and may be afraid of outliving their money. Even those who are financially are worried. One solution is to work a few more years. Work can be full or part time, depending on the health and interests of the individual, but often overlooked in these situations is the need for life insurance beyond the "normal" years of retirement.

If you still need to work to make ends meet after retirement, what happens to your surviving spouse and family members if you were to die? The need for income does not disappear.

The solution to this problem is life insurance that remains in effect after your normal retirement age. If you do not survive long enough to complete your financial goals for that comfortable retirement, life insurance can fill the gap and replace the income that has been lost.

You would not think to make half your car, home or other important personal property, would you? Yet when people are looking to buy a life insurance policy, a common perception is that only a small multiple of your income in terms of coverage is actually "necessary". However, it often falls short of what your potential real gain would be throughout your life. - Your so-called "value of human life"

value of human life Solomon Huebner, Ph.D. .D., an expert in early risk insurance and management economy and known as the "father of the insurance education", defined as "the accumulated monetary value of earning capacity resulting from economic forces that are embedded in our being: namely, character and health, our education, training and experience, our personality and the industry, our creative power and our driving force to achieve economic mind images. "*

your greatest asset

in simple terms, your full value of human life must take into account the financial sum all that you could have won or product in your life. It is probably your biggest asset and, therefore, the key legacy for your family, business interests and charitable.

The thoughts of Huebner reinforce that there are many benefits that a family can enjoy the income protection, such as buying a house and raising and educating children. While life insurance can never replace a person, the death benefit of the policy will help survivors financially in case of death of the insured.

It is estimated that it takes the average family at least five to seven years to get their finances back on track after the death of a breadwinner.

to assess the financial loss of your family would incur, try using this calculator value human life to find what your estimated lifetime income would be.

What you have at work is probably not enough

you may think that the insurance policy you have in your workplace can be sufficient, but it usually covers only about 1.5 times your annual salary. the average family at least five to seven years it is estimated that it takes to get their finances back on track after the death of a breadwinner. And sometimes it takes much more than that. the financial security of your family deserves a longer-term strategy.

The good news is that you should not do this alone. It is important to work with a professional financial representative you are comfortable and have a conversation about what is best for your current situation

Our lives are our most valuable asset. it's time to protect your family or business life insurance.

* S. S. Huebner, The Economy of Life Insurance page 5 (Executive Asset Mgmt. 3rd ed. 1996) (1927)

Preston Newby was youth minister. He and his wife, Tara, were driving with their son to visit family excited to announce a new baby on the way. In keeping with the kind of person Preston was, he stopped to help at the scene of an accident. That's when he was hit by another car and killed. He was only 24.

Fortunately, this young couple had their planning and bought a life insurance policy. Thus, despite the emotional turmoil that caused the death of Preston, Tara, a housewife, and her two son were financially able to continue as before. You can watch their story here.

How many other people have prepared as for the unexpected? Unfortunately, not enough: more than 95 million adult Americans have no life insurance

Many people think: "I'm young .. This will not happen to me. "Statistically, they may be right. However, they could be being one of the statistics. You do not know and that's the problem. The solution is life insurance.

If you people you love and who depends on you, or if you have financial obligations to meet, you need life insurance to protect against the "if" -at all stages of life.

single you may think you do not need life insurance, since you have no dependents, but if you owe money, you need ensures. your debts, including student loans, will not be transmitted to your family. in addition, life insurance will never be cheaper than when you're young and healthy

married :. as you begin your life together, you will likely incur joint financial obligations such as buying a house, in addition to monthly bills. It makes sense to protect your spouse with adequate life insurance. It is also a smart move to get coverage up now if you plan to have a family

Parents with children :. If you are in the middle of this stage, financial obligations abound. Many couples rely on two incomes to make ends meet and single parents can be one and only of their children. Life insurance is essential at this stage. When know how much you need, remember that the economic impact that you have on your family can be measured not only by how much you earn now, but by how much you earn during your working life. Life Happens' Human Life Value Calculator can help you determine what will be

empty nests / retired :. Your children are themselves and your mortgage is paid off, so you may think you do not need life insurance. However, many people have lost part of their retirement nest egg during the recent recession and may not have had time to rebuild it. Life insurance ensures that if something happens to you that your spouse or partner can still live comfortably in retirement, despite deficits

Remember, life insurance is a response simple to an important question :. Someone suffer financially if I had to die. If the answer is yes, it is time to sit down with an insurance agent.

As we round the year, we just want to say thank you for joining us here on the blog and we'd also like you and see your comments and feedback on our Facebook page , Twitter and other social media sites.

As a parting gift for 2014, here are some of our best posts that stimulated most of the comments, shares and likes. Enjoy

• advocacy Mother: "It is always difficult for me to share this story, but I think it's very important to let other young people know that no promise of tomorrow, and you need to prepare for that life insurance. Please do not wait. "His story.
• Having life insurance protects your family against financial hardship if you were there. Watch
• A father thought $ 10,000 was enough life insurance, because that would be it boils down to this :. life insurance is not for people who die "cover his funeral."; it is for the people who live so. Jeff Rose gave him a number of things to think about here.
• a mom gets a second chance. Would you? (Make sure you wait for the "flip"! )

If you are expecting a child and are considering life insurance, the first thing I must say is smart move! But if this is your first time looking for coverage, you may have questions. Some typical ones I've heard over the years:

1. What type of life insurance coverage is best for new parents-term or permanent? Before determining what type of coverage you need, you must first understand how death benefit you need to protect your family. You can easily calculate online to get an idea of ​​how much work you may need in this life is life insurance needs calculator passes.

Then you can go to kind of coverage- term or permanent meets your needs. One advantage of term life insurance is that it costs less permanent, at least initially. This makes it affordable for young families who may not have a lot of disposable income, but have a great need for coverage. Permanent insurance provides both permanent coverage and a function of cash accumulation, which can be a valuable source of money that you can tap into the future.

Often, the best solution may be a combination of term and permanent life insurance. The long-term policy can give you additional coverage during the years when the children are at home, with the permanent policy offering permanent coverage.

If you want a working idea of ​​what you might need, try our online product selector. Answering a few basic questions will give you a quick answer.

While a housewife is not compensated for his work ... it would be expensive to replace all these things she does.

2. Should you consider different types of coverage if you are working mum versus a housewife? Both working and stay at home moms need protection because they do for their families is so valuable. While a stay at home mom is not compensated for their work, if something were to happen to him, it would be expensive to replace all these things she does, from child care to home care to ensure the family gets when they have to go when they need to be there.

the difference between the two is that the working mother also contributes income, which can be critical for the family financially. This means that she needs to think about replacing that income when you consider how much life insurance coverage, it may need.

3. The company I work for offers life insurance, is it enough? Group insurance is a great thing to have, but it is limited in a number of ways. First, the coverage is often a lump sum like $ 50,000, or it may be one to two times your salary. This may seem a lot of money, but my question is this: Honestly, how long the money last? And what would happen to your family financially after missing?

Second, when you leave this job, you usually lose that coverage. If you do not have an individual policy you own, you will be leaving your family at risk. Think about how many times people change jobs, and you'll soon realize that group coverage, which is limited in scope and quantity, is not a proper life insurance plan.

Are there any restrictions that I have to consider now that I'm pregnant? If it is early in your pregnancy, and no medical complications, you should be able to get life insurance. If you are away and there are medical problems, it may difficult to obtain. The life insurance company may want to wait until your child is born. That's why I advise those who plan to have children to get coverage as soon as possible.

A healthy 30-year-old woman could get $ 250,000 in life insurance coverage for only 41 cents a day.

What can I expect to pay for life insurance? How much you pay for life insurance is based on a number of things, but especially the age and health. So it depends what age and your health! But here's an example: A healthy 30-year-old woman could get $ 250,000 in life insurance coverage (for a long-term policy in 20 years for a non-smoking) for only 41 cents day. That's certainly a lot of peace of mind for 41 cents.

And do not forget your husband or partner. The two of you could get $ 500,000 of combined coverage (using the example of two 30 years each for a term policy level 20 years $ 250,000) to the right at about $ 24 per month .

And my last piece advice: talk with a life insurance agent at this stage can be very useful. They can do a needs assessment and find the right type and amount of life insurance that works for your family budget. And what many people do not realize is that the agent will sit down and offer this advice for free, no strings attached. If you want to help find a professional life insurance, you can start here.

Let's be realistic. If you have adequate investment and retirement portfolio; if you have arranged for your health care costs; if not you have an account on you for financial support, maybe, just maybe you can afford to retire.

Did you know that 65 healthy man has a life expectancy of 87 and a woman, 89; and 38% of men and 50% of women will live to age 0, according to recent research on longevity risk and retirement.

So you still need life insurance as you head into retirement? Let's look at three reasons you might.

1 You have children and grandchildren-who-may need your support. How much would it cost to raise a child to 17 years? In households with incomes over $ 105,000, it is estimated at $ 399,780. Per child. No college expenses. combined fees may be $ 650,000 or more. How many children do you have? What happens when they go home to live after they graduate? How long will they stay? What happens if you are not there to pay these costs? Do you have adequate life insurance?

Grandparents provide the main financial support for one of 10 grandchildren, and 49% of parents aged 60 and over still provide financial assistance to an adult child. Does it still need life insurance protection? Absolutely!

2. You support your parents. What about adult children who are the support of parents who are 65 or over? About 15% of people aged 40 to 59 provide this support while still raising a young child or an adult child. For people 60 and older living with a parent, 50% of parents need help with day-to-day. Does the caregiver still need life insurance? What happens if caregivers are not there?

3. You will need to take into account the medical and long-term care in retirement. Now let's talk about the cost of medical care after retirement. According to Fidelity Investments, the average 65-year old couple will spend $ 220,000 in 2013 dollars in medical bills out of pocket during retirement. Have you planned your retirement planning? Keep in mind that this does not include the costs of long term care.

Long-Term Care is currently $ 250 per day in Tampa, Florida. That's $ 91,250 per year. The average 65 year-old woman will need this support for 3.7 years against 2.2 years for men, but I know a number of cases where the person was in a nursing home for 10 years or more. Have you planned for it?

Permanent life insurance accumulates cash value, you are able to access while you're alive for any financial needs you may have.

The solution
So, let's return to the permanent life insurance life insurance, also known as cash-life insurance value. Permanent insurance, unlike term life insurance provides lifetime protection, as long as you pay the premiums. Because it is designed to last a lifetime, permanent life insurance accumulates cash value, you are able to access while you're alive for any financial needs you may have.

He will be there when it is needed most and provides guarantees, versatility and flexibility to your changing life situations. Cash-value life insurance provides security, dignity and peace of mind and solves the problem of risk for pennies on the dollar.

If you love someone, need someone or have someone dependent on you, you need life insurance.

When you think about life insurance, which usually comes to mind is the benefit of death-money that is paid to your beneficiaries when you die. And this is certainly the main reason most people life insurance.

Keep in mind, however, there are two major types of insurance. Life insurance provides protection for a specific period of time (the "Term") such as 10 or 20 years, and usually pays a benefit only if you die during the term.

Permanent life insurance, by contrast, offers lifetime protection, as long as you pay the premiums. Because it is designed to last a lifetime, permanent life insurance generally accumulates cash value. That means there are significant benefits of living in permanent life insurance, the benefits you can leverage to finance the possibilities of life.

Here are five things you probably did not know you could do with the permanent life insurance.

1. Financing a college education. Over time, your policy accumulates cash value, and you can borrow against the value of money and use it to help pay for college or other secondary education. In fact, you can use the money for anything you want, but the example is here pay for college. No bank loan application. No form of financial aid. Just ask for the money and it is yours.

You can borrow against the value of money and use it to help pay for college or other secondary education.

Exploiting the combination of your policy cash value will impact your death benefits, so be sure to discuss your plans with your financial advisor.

2. Start a business. The harsh reality of starting a business is that banks do not lend money to companies without earnings. This means that you need to fund the business yourself, either from your own savings or by borrowing from friends and family. An often overlooked source of funds for a new business is the cash value of your life insurance policy. If Walt Disney can borrow from his life insurance to create Disneyland, you can use your life insurance to make your dreams come true too.

3. Take time to care for an elderly parent. A mine of talks coworker about how lucky she was to be able to get out of work early in his career to spend time to attend to family matters. She was able to do this in part because it could draw on the accumulated cash value of his life insurance policy.

Contrary to send a child to college or start a business, you can not control when these sorts of family emergencies, but you can make sure you are financially ready when it happens.

4. Get money if you have a chronic illness. If you become chronically ill, and stay badly enough that you can not perform two of six activities of daily life, some permanent life insurance policies can allow you quick access to the death benefit. You effectively get use money from your death benefit while you are alive, then your beneficiary will get any rest when you die.

Of course, this reduces the benefits to your beneficiaries so it is not a substitute for insurance long term care.

5. Expand your 401 (k). Due to the protection offered by your life insurance policy, you might be able to take a more aggressive allocation strategy in your 401K investments. Also, because you can tap into the cash value of your insurance policy to cover the first years of retirement, you can leave the money in your 401 (k) develop much more.

These ideas are not good for everyone. I mention them here only to illustrate some of the ways other people have resorted to living benefit their life insurance. Talk to your financial and professional advisors to ensure that they are appropriate for your situation, but know that life insurance is more than just paying a death benefit.

My wife and I had our first child in May. The moment they left us to take our beautiful daughter home from the hospital without a nurse to guide us was when we realized the responsibility found that a child brings!

For the last nine years working as a consultant, I help others to plan for the most important events of their lives, including marriage, children, retirement and leave a legacy for their family. By entering a new stage, I thought I would share some of the financial steps I've taken to help secure the financial future of my family.

Create a will and trust contingent. This is one of the most important first steps. Choosing a guardian for your children helps to ensure that they are raised by someone who you think share the same values. A contingent trust ensures that the money your child receives all of your hard work and planning is distributed according to your wishes instead of giving them complete control over everything the minute they turn 18.

update beneficiary forms. Make sure you check all your pension and insurance so something does not fall through the cracks. Many accounts with beneficiary designations will never pass through your will, so it is important that they are also updated.

start saving for college. There are different options available. You should consult a tax advisor and financial advisor to help determine which is best suited to the financial situation of your family. I opened a 529 plan for our daughter. The money in the plan can be used at almost any institution of higher education accredited in the world.

to purchase life insurance. My wife and I both have increased the amount of life insurance we have. We made a combination of term and permanent insurance to ensure we have the total we need at a price we can afford.

Buy disability insurance. When you're young, your potential future income is your greatest asset. Obtain disability insurance coverage as you can comfortably cover your income if you become ill or injured and can not work. A disability that lasts more than three months is much more common than you think.

Consider a small whole life insurance policy. I bought my daughter a policy. It accumulates tax-free savings and a guaranteed purchase option, which gives him the opportunity to purchase additional insurance when she is an adult, regardless of health status at that time.

Look FSA a dependent. many companies have such plans in place and are a way to pay for some of your care expenses with tax-free money. It is "use it or lose it" design, so you want to make sure you spend at least the amount you choose to have retained.

My goal as a counselor is to help families preserve wealth through several generations. These are some of the first steps you can take when you have a child to make sure you are on track to do so.

This article is intended for information purposes and should not be construed as a recommendation to buy or sell security products or securities. securities offered Ceros Financial Services, (not affiliated with Resource 1, Inc.). 1445 Research Boulevard, Suite 530, Rockville, MD 20850. (866) 842-3356 FINRA Member / SIPC

Before buying a 529 plan, you should consider if your state or the original state of your designated beneficiary offers any state tax or other benefits that are only available for investments in qualified tuition program such state.