What’s your excuse for not having life insurance?
If your excuse is: I’m young and in good health, so I don’t need to think about it, yet …
If your excuse is: I’m a stay-at-home parent, so we’re better off just buying insurance on my spouse who works …
If your excuse is: I’m a single parent, I can’t afford it …
There are a million reasons not to buy life insurance, and just one reason that you should … because you love someone and want to make sure they are protected financially. To find out how much life insurance you may need, call us today and we can assist you!
Time is NOW!
If You’re Just Starting Out Putting off the basics when you’re just starting out like reducing debt, starting a savings program and planning for retirement only makes things more difficult down the road. The sooner you start, the better off you are.
You’ll want to create an emergency fund equal to three to six months worth of basic living expenses. When you consider all the demands on your monthly budget, the thought of setting aside money for long-term savings probably seems daunting. Fortunately, time is on your side. Through the power of compounding interest, just $25 a week set aside over 15 years builds a nest egg of more than $31,000, assuming a 6% annual return.
If you haven’t already, enroll in your company’s 401(k) retirement savings plan. As this will likely be the primary source of your retirement savings, the earlier you start, the better. Many companies even match employee 401(k) contributions, so by not enrolling you’re essentially turning down free money.
Call us today! We can put you in the right direction!
Do you have a “self-completing” college fund program?
The actual total cost of four years of college education (i.e., tuition, fees, room and board) at an average public in-state university for the years 1979-83 was $10,945. The actual total cost of that same college education for the years 2009-13 was $66,370. Thus, the cost of obtaining a four-year degree has increased 6.19% per year over the last 30 years.
This means that your new baby will need almost $260,000 to finish a four-year public college when she starts in 18 years. How much have you saved for her college fund? How much will you save for her college fund?
If you earn 5% per year on your investments, you will need to save $739 per month to meet your goal, but what if something happens to you along the way? Do you have a self-completing college fund program? Did you know you could buy $250,000 of 20-year level term life insurance policy for less than $20 per month?
A permanent life insurance policy with a death benefit beyond age 100 is around $100 per month, and unlike term insurance, by year 20, the amount of premium paid and the cash surrender value are the same, meaning that at year 20, if you no longer need or want the policy, you can cash it in with a full refund of your premiums or continue to pay premiums, retain the death benefit and build more cash value for future use.
These are just two options for you to consider. There are many others that your agent or financial advisor can provide you.
Call us Today! 909- 593-8923
As a small-business owner, you’re responsible for two families: the one you have at home, and the one you have through work. No matter what your business, a well-conceived insurance and benefits program is essential. If you die or become disabled, insurance can help protect your family and your business.To get a sense of how well you’ve planned for these responsibilities, ask yourself these questions:
One of the first things any business owner needs to consider is how to protect against events that may threaten the future of the business, like the death or disability of a proprietor, partner or key employee.
Contact us today! 909-593-8923