Education Center
Below are brief summaries of some of the topics
that may arise as we explore your long- and short-term financial
goals. The information will give you something to consider
as you prepare for our initial review.
Accumulating Retirement Assets
Retirement can signify a lot of things to a lot of people:
sailing off into the sunset with your beloved; never having
to worry about waking up early to catch the morning train;
finger-painting with your grandkids. But to make these dreams
a reality, you'll need to create a nest egg that will make
your retirement years as comfortable, if not more, as when
you were working.
Essentially, it's never too early to think about saving for
your golden years. As the average lifespan increases, you
should be prepared to put aside more to accommodate a longer
retirement.
We understand the importance of having enough to spend during
your retirement. That’s why we offer a variety of insurance
and financial products that can help you fund your retirement,
and make the money you’ve worked for years to save go even
further.
Charitable Giving: The 10 Advantages Of Donating Life Insurance
Proceeds
- Your Gift Is Maximized. In addition to your current
outright gifts, life insurance offers the opportunity to
make a significant ultimate gift. Life insurance can help
create a major gift that otherwise may have been unaffordable.
- Your Legacy Lives On. You get tremendous satisfaction
helping your church, school, or other favorite charity.
And when you give the gift of life insurance, you are assured
that your support and its impact lives on. Your gift might
create a scholarship fund, or help continue a program well
into the future.
- Your Personal Assets Remain Intact. Using life insurance
as the gift helps avoid invading your assets, which are
intended to benefit and provide for your heirs. The premium
can fit easily into your annual or monthly budget. (Note
that you will need sufficient funds to pay the premiums
to keep the policy in force.)
- Your Charity Receives The Proceeds Of Your Gift Promptly.
Your gift of life insurance is not subject to probate delays
or estate settlement costs.
- Your Premiums Are Income Tax-deductible.* Your gifts
of premiums to purchase life insurance, if the policy is
owned by the charity, are income tax deductible to the extent
allowed by law. (Of course, the charity must qualify as
an exempt non-profit organization.)
- The Policy’s Proceeds Are Not Included In Your Estate.
Life insurance proceeds paid to the charity you name as
beneficiary are not included in your estate if the charity
owns the policy. Should you choose to retain ownership of
the policy, the policy’s proceeds are included in your estate,
but the amount paid to charity is estate tax deductible
as a “charitable bequest”.
- Your Charity Has Access To The Cash Value Of The Policy.
If your charity is the owner of a permanent life insurance
policy, any cash value build-up within the policy is available
to the charity for emergencies via policy loans, which will
reduce the available death benefit.
- Your Privacy Is Private. Since the gift of life insurance
is a private matter, it can be kept confidential, without
being exposed to public or family view, if that is a desire.
- Simple To Arrange. Your agent can show you several ways
to give the gift of life insurance, all assuring that your
intentions will be honored.
- Your Insurance Gift Is Backed By The Strength Of An
Insurance Company.
*Laws vary from state to state. Individuals should consult
with their own professional advisors concerning tax, legal
or accounting advice.
Creating a Lasting Legacy for Loved Ones
With hard work and careful planning during your income-earning
years, you may have built a healthy nest egg, sufficient to
ensure a comfortable, independent retirement. You may actually
be in the enviable position of being able to leave something
to those you love the most: your spouse, children, grandchildren,
and perhaps your favorite charities. Now's the time to seize
the moment and put together a plan that creates a legacy for
those you love.
Your Children's Education
Consider this scenario: The car's packed and the teary good-byes
have been exchanged. You may feel as though your baby's leaving
you, but this is one of the proudest moments of your life.
You've scrimped and saved to afford your child's education,
and now that the day is finally here, you can breathe a sigh
of relief. Thank goodness you planned ahead and started saving
early so that the next four years won't be so financially
stressful.
Now, consider the alternative: What if you didn't plan? Then
those next four years could be your worst nightmare, turning
into a juggling act of student and parent loans, financial
aid requests, and semesterly payments. Fortunately, we understand
the importance of funding your children's education, and,
therefore, offer a selection of products to help you meet
that goal.
Of course, we can't promise that you won't get the occasional
phone call, "Mom? Dad? I'm a little low on cash.…"
Safeguarding Your Home Mortgage
There's nothing like the feeling of owning your own home.
It's a part of the American Dream - to live in a home that
you can truly call your own. Between picking out curtains
and paint samples, you should also remember that your house
is an investment. Your home represents many things – a place
to raise a family, comfort, and a major financial commitment.
Like other valuable assets in your life, it too needs to be
protected. Realizing how important your house is to you and
your family is the first step. Deciding on ways to safeguard
your investment is an important step that will help guarantee
the joy of owning your home for years to come.
We can help alleviate some of the worry that comes with ownership.
One major concern may be that your family will face difficulties
paying off the mortgage in the event that you pass on. One
of the ways to help assure your family's financial security
is to consider life insurance products as mortgage protectors.
Products such as Permanent Life and Term Life insurance are
personally-owned and portable. If purchased in an adequate
amount, the death benefit can help retire the mortgage, and
also help provide money to cover other expenses. Ensuring
your family's future now will help ease your mind, and let
you concentrate on the really important things…like choosing
between carpet or hardwood floor for the dining room.
Need a little help in deciding which products and services
would be right for you and your family? Please use the contact
us button to e-mail us. We can help you analyze your
needs and recommend appropriate products.
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