Education Center
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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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