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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