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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