What is Lifetime Income? What is Guaranteed Income? Do you need it in #retirement?

With the numbers of baby boomers having reached, nearly reaching, and will reach in the near future, the need for guaranteed lifetime income is growing into a necessity. Factors contributing to the need of guaranteed lifetime income are so vital and increasing in importance and role in retirement planning.

A couple of those major factors are human beings are living longer. If humans are living longer, then the need for adequate funds is of even greater significance. Another factor, the cost of living is increasing, our lives are becoming more expensive and lifestyles are more expensive to maintain. Quality of living will increase too. 

Statistics show, healthcare costs will be a major concern in retirement. Another factor, which we will visit later, what happens if you need Long Term Care? What if you need Long Term Care in a Long Term Care facility? 

Social security benefits (SSI) are consistently, a hot topic. The SSI system, as we know it, will probably not be around by the time our children are retiring. I am not into scare tactics, but what would you do, if SSI benefit was not around for your retirement? This could be a change in your retirement planning. You need more than one or two sources of income in retirement.

Your needs will probably change throughout your lifetime, and possibly into your retirement. Needing more than one source of retirement income, to help prepare for the length of your retirement, is smart planning. 

Your investments may not grow, as anticipated, prior to retirement and possibly into retirement. Statistics show that every 20 years, the stock market averages 6.25% growth, but there are down-cycles along the way. As you approach retirement, the funds in your 401(k) may not grow, as expected. You may experience a down-cycle, right before your retirement, without enough time for the 401(k) to recover. 

Again, you need more than one source of retirement funds. So, what is guaranteed lifetime income? A sum of funds, that have grown tax-deferred, that are guaranteed and upon retirement at a set age, paid out in a monthly payment to you throughout retirement. The days of pensions, and possibly SSI (as we know it), and even some 401(k)s have made retirement a stressful experience, rather than pleasure, leisure, and enjoyment. 

You need retirement planning in 2019 and moving forward!

To learn more, read the Motley Fool article below:

3 Reasons You Can't "Set and Forget" Your Retirement Plan (click here):

You Need A Will #NationalMakeAWillMonth

August is #NationalMakeAWillMonth and although every day and month" is some "day or month, but this month is an awesome reminder to us all. WE NEED WILLS! And, our dependents need for you to have a will.

Many do not have a will, and that is not good. Those that depend on you and what you intend to leave them, upon your passing, will more than likely suffer, as a result. Your heirs will probably have to sit in a court room, as probate court will decide where and to whom gets what!

Probate court, lawyers, and other fees will eat at the funds, that may be also in place. Hopefully life insurance is in place, that passes to the beneficiaries without the requirement of probate court. While most life insurance policies pass to beneficiaries tax-free, going through probate court and dealing with lawyers and governmental fees is also like a tax!

There are items in this article below, that could help you plan. Although, a large majority of Americans do not need estate plans, there are items within estate planning, that all Americans do need! Wills are one of those items.

7 #EstatePlanning Tasks That You Should Not Put Off!

Also, check out this article from Protective Life, a company that we utilize, commonly, in planning on a monthly basis. This is for preparing a will, as a parent:

Creating Your Will

Take advantage of this month's reminder, begin your preparation this week. Your dependents will thank you later, you will thank yourself later. 

Inside your auto policy, do you really know what Accident Forgiveness means?

Accident Forgiveness

For many, accident forgiveness can be a wonderful thing. Usually, a forgiving, one-time benefit with insurance companies, accident forgiveness can partly erase a bad memory. For the most part, the companies that offer accident forgiveness do a good job. But, for even those companies that do a good job, do they explain everything involved in the policy? 

The answer to an insurance company explaining a benefit, and all that is entailed, is almost certainly not. You probably have a higher chance of winning a cake at a Catholic fundraising picnic, or at least a better chance than I do!

In all seriousness, the chances of being explained everything in the accident forgiveness benefit, in your policy, are low. And, if you are given an explanation about accident forgiveness, what are the chances the explanation was correct? 

I would go as far as to predict, many sales managers at highly recognizable companies cannot explain to a consumer what all is entailed in an accident forgiveness benefit of your policy. Truth is, accident forgiveness is relatively new to insurance companies, and agents.

One thing you may not know about accident forgiveness, as it pertains to who qualifies on a policy...teenage drivers and even adults, who have not been on the policy for a specified amount of time (as much as one year), do not qualify to receive the benefit of accident forgiveness.

What is sad for auto policyowners, many discover this, after the fact of having the accident. Even sadder, it is these policyowners who believed in the company, the benefit, and probably the agent but it is also the time they need the benefit the most. Who wins? The insurance company!

Bottomline? Ask questions, and do not accept 1/2 of an answer, do not stop until you have the complete and factual answer from the agent and insurance company.

"I have life insurance with my employer..."

Often times, insurance agents and brokers hear, "I have coverage, or a policy, through my employer." And, I am quite sure that these people are telling the truth and 100% accurate. It is what they do not know, I am troubled about.

The first cause for concern is, does he or she have enough coverage? Industry research points to top policies at employers totaling around $50,000 and I can assure you, that is not enough. The average employer is far below the $50,000 and that is definitely not enough. Many will say, this is a way an insurance salesperson is trying to get you to buy a policy.

For some agents and brokers, this is another opportunity to 'push a policy' or 'make a sale!' But for professionals, employer-provided life insurance policies cause a great deal of confusion in the average person's thought process, when it comes to having adequate amounts of life insurance for necessary estate planning or planning in general.

Estimates in the insurance industry estimate between 7-10 times the person's salary. For us, it is hard to put a number into an equation without knowing the whole story. That is why an evaluation, consultation, and thorough review is completely necessary. Often times, 7-10 times the salary is sufficient, but each plan and person is different.

Everyone is unique, and their planning is just as unique! Many people do not realize the parameters and rules of the employer-provided policy change, after he or she leaves, either from retirement, to take another job, or termination. If we assume the average employer is no greater than $50,000, we could also assume that final expenses alone would exhaust most of the available death benefit, when it is needed most.

And, if $50,000 death benefit has been mostly exhausted when needed most, what does that leave for the family and dependents? The answer is, very little death benefit remains after the final expenses, and for those that say, "I have life insurance with my employer," it is a harsh reminder that obtaining another $100,000 in 2019, it super easy and can be inexpensive.

Oh by the way, I never recommend to leave your insurance planning in the hands of a corporation, that is focused on profits. In 2019, companies are cutting costs anyway imaginable. True, companies are offering more lucrative benefit packages to attract new talent, more qualified employees. But never underestimate an entity, that sole purpose to generate revenue, at the lowest cost.

Peace of mind is well worth pennies on the dollar! Pennies on the dollar is the equation between what a consumer pays for a policy, in return for death benefit from a policy. Hard to place a dollar figure on peace of mind.

You need peace of mind!

There should be a large premium on peace of mind. Personally, achieving peace of mind and happiness are large personal and financial goals, of mine too. What can help you obtain peace of mind, in your everyday life?

Proper estate planning, budgeting, retirement planning can help produce financial wellness and build a legacy for your family. Peace of mind generates from the accumulation of those factors and those factors consist of numerous variables that are the sum of daily and lifestyle financial habits and goals.

Clients should work with an experienced and professional team, that begin with the end in mind and will work towards the ultimate goal, peace of mind. Professionals should do what is best for the client, above all else.

We have established proper insurance planning, investments, tax preparation, all are necessary components in the decisions of the team of experienced professionals, you choose to partner with, in the future. Of course, these components based on decisions, must be good, wise, and fiscal decisions for those clients.

Do I have adequate insurance levels? Do I need a revocable or irrevocable trust? When do I take and what do I do with Required Minimum Distributions (RMDs), from my retirement account? What items do I need in an estate plan? Do I need an estate plan? If not, do I need proper planning?

These all are legitimate questions, all must be answered. The need for a team, to help create peace of mind, is extraordinary! Everyday you delay, you are gambling with your financial future and the future of those you love and depend on you. That is not a scare tactic, that is reality! Please do not delay, another day.

Beneficiary Designation & One Thing That Could Happen...

Let's use, for example, a real life situation. A single mother, successful executive, and good wage earner, passed. Unfortunately, her estate planning was not in great shape. The client was intelligent and loved her child tremendously. She did have adequate life insurance in place, that covered her debt, final expenses, and provided for the child generously. 

The ex-spouse was still living, and they did have a good relationship. Normally, the child would be under the surviving parent, provided something was to happen to the custodial parent. Often times during reviews, and following evaluations, advice was stressed and expressed to the client. A major item, left unaddressed, was the beneficiary designation (Read more about beneficiary designation from Life Happens: https://lifehappens.org/blog/who-can-i-name-as-a-beneficiary-on-my-life-insurance-policy/ ).

The client left the generous life insurance death benefit to the child, as most parents would want the proceeds to go to the child. Although a trust was not established, probably due to the client's age, thinking "I have time." A great strategy would have been to establish a trust, placing the insurance policy inside the trust, and being able to designate how, when, and where the proceeds of the life insurance would be distributed.

As a result, given the manner in which things were left, the child's full care shifted to the surviving father. Although the father was a good father, the issue was, since the child was well under 18 years of age, the death benefit of the insurance policy was left to legal guardian/parent of the child and free to decide how those funds could be spent.

Fortunately, the surviving parent was a good father and the situation was a good one. But, what if the surviving parent was not a good parent? Can you imagine $1,000,000 in the hands of someone who could not be trusted and with a child, who just lost his or her mother? 

Definitely not what the mother would have wanted, but at the same time, could have been avoided with choosing to adhere to evaluations, recommendations, and experience being involved with a team in estate planning. Without a doubt, the mother was an awesome mother, and the father, fortunately, was a good father. 

This story had a happy as it could be ending to the story, but how many times does the situation go the other way? Single parents, please do not leave your situation to chance or gamble with loved ones. Find an insurance agent, experienced in estate planning, that happens to have a team that consists of professionals to get the proper planning put into place.

You need #lifeinsurance and another reason why and The 3 E's!!

Legacy means a great deal, to a great deal of people. Unfortunately, too many times this is not the case with life insurance and estate planning. From our original post: https://advocateinsurers.blogspot.com/2019/08/you-need-lifeinsurance-and-heres-one.html

we talked about life insurance is not purchased for you and while you are living, it is purchased for final expenses and people who count on you, while you are alive!

Having an ego, being stubborn, and a close-minded approach to proper planning for your death, is unacceptable. Possessing a minimal amount of life insurance to cover final expenses, debt, and providing loved ones with money to adjust to your passing is beyond unacceptable, it is almost inhumane!

To see an adult possess such a disregard for planning, peace of mind, and legacy is mind-boggling. Your loved ones should be allowed to grieve when the 'if' happens, and it will happen, just depends on the when!

Personally, have sat in a meeting with a husband, who said, "I don't care what happens, when I die." The really unfortunate thing is, his wife of 21 years was sitting next to him. Recalling of another situation, which the husband decided to wait on purchasing a policy, and was later diagnosed with Stage 4 Cancer. The couple needed a death benefit that, after performing the needs-based analysis, it showed a $250,000 and the husband only had $22,000.

Many times, the naked eye can evaluate the situation and see debt and poor financial habits are a major reason of a lack of proper planning and necessary insurance. As an agent, and planner, all you can do is Evaluate, Educate, and Endorse (The 3 E's). At the end of the day, people are going to do what they want to do, regardless of who they hurt.

Begin with the end in mind. Get professional consultation, and properly plan. Building a legacy, leaves no room for other options. Thanks for reading!

You need #lifeinsurance and here's one example of why!

A fun loving sales representative, who made $100,000 a year, who lived modestly and nearly debt-free. Much of the disposable income went to bad habits, unfortunately, bad in nature. However, despite bad financial habits, this was a good person, a son, father, and brother.

After meeting with the sales rep, and a performed a thorough review and a needs-based analysis. The lack of life insurance was obvious, even to the untrained eye...there was none in place. It was a sad situation, but there was not a spouse to be concerned with and only one child, who was out of the dependency stage.

The analysis highlighted the only debt was a newly purchased mortgage, totaling over $100,000 and with 25+ years remaining. Although the mortgage was light in nature, compared to many, the fact was there was no insurance in place to cover the debt, in case the "if" happened sooner than later.

401K value was modest as well, but would help with the debt and the sole beneficiary, the lack of an insurance policy was significant! The two other items that were quite evident, the lack of final expense funds and funds to pass onto the beneficiary, the older teenager.

As a result of the consultation, the sales representative did purchase a $50,000 10-year term policy. Although, $50k did not cover the mortgage, expenses, and pass on money to the older teenager, the amount of the term policy death benefit and 401k would help. Some life insurance is better than no life insurance!

Around a year later, a call received from the sales representative, generated a request to terminate the policy. Before instructing the client to contact the insurance company directly, a plea to reconsider the policy termination was given, as it was doing what was best for the client. The client insisted and the decision was final, terminate the policy with the company.

About six months after that, a family contacted the office, asking if the client had life insurance. The family member quickly told me that it was discovered there was Cancer (stage 4) diagnosis and was -terminal. Because there was a certified Power of Attorney, we could discuss the situation.

The conversation was highly uncomfortable, difficult, emotional, and purely sad. Another piece that was unpleasant, the 401K had been surrendered. If the policy was still in-force, at least the family could possibly utilize the accelerated death benefit and have access to nearly 75% of the death benefit, helping the family afford treatments, bills, and buy some time to sell the home and avoid the discussed pending foreclosure.

It is definitely a sad situation, but one that is highly avoidable. Yes, some better financial habits would have helped. Yes, a cancer policy would have also helped greatly. The life insurance policy would have helped those responsible for the care and affairs. Please apply for life insurance today! You are never more insurable, than you are today.

10 Things You Should Know About #lifeinsurance from Life Happens

10 Things You Should Know About Life Insurance (click here):

All about the kids & families, even as a #professional #relationships #studentathletes

Holding a Masters of Science in Sport Administration, I am fan of sports, deeply rooted in the advocacy of the #studentathlete and their identity after competing.

While compliance was my focus during coursework, the student-athlete remains the source of my passion and provides tremendous insight, as to why I do what I do.

As a servant leader, follower of Christ, and educated, I put my money where my mouth is. In that, I decided to obtain my masters from Liberty University.

The journey in launching the Louisville Prospects Foundation, Inc. was to advocate for student-athletes and their families. The ultimate goal was and is to help generate scholarship dollars to pay for school, using basketball.

In 2010, my mentor in estate planning listened to my idea. He told me, after listening to me talk about it daily, “if you do not start this, I will.”

Nine years later, we have helped generate over $17M in scholarships/student aid, helping families and student-athletes avoid costly tuition and student loan debt.

Although we are proud of our efforts, there is much more to do. There remains other avenues in which to help student-athletes.

Helping student-athletes by other means than teaching basketball and obtaining scholarships, means more work and planning, must be done.

This publication marks that next era of my work, and for many, if it is truly your passion, it is not work. Following this publication, I will continue laying the foundation to help student-athletes but now, beyond the hardwood!

First, using reverse-engineering, I will look at life during & following basketball for student-athletes, after signing that scholarship, walking on or whatever avenue they have followed.

Many have followed a path in order to live out their dreams and reach their goals of playing collegiate basketball, from NCAA Division I to Community College, and all those in between.

The journey begins with research, practical analysis, and plenty of interviews and guests invited to provide insight of their personal journey.

That is what fascinates me, the individual journey, their passion, and their ‘why!’ I will attempt to do my best to articulate this in such a manner that excites and interests the readers.

There will be a Godly aspect, as I am a servant leader. I hope not to alienate, rather inspire you to tag along for the journey and possibly motivate readers to view differently, the student-athlete.

Thank you for reading. I would truly love and appreciate if you shared this and offered feedback.

God’s speed!

Follow us on Facebook @LouProspectsFou

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Seven #EstatePlanning Tasks That You Should Not Put Off!

My mentor used to tell me, all the time..."it is not what is in the will, it is what is not!" So, to me, meeting with professionals is imperative and should be treated with a great sense of urgency! Over the years, I have accumulated what I think are the most important steps that should be addressed this week!

1. Meet with Professionals
2. Will and Trust Origination
3. Durable Power of Attorney (POA)
4. Beneficiary Designations
5. Letter of Intent
6. Healthcare Power of Attorney
7. Guardianship Designations

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*As a follow-up, we will be discussing what each of these items are and how they are important to your life and situation.

LASTLY, ESTABLISH A WILL AND IF YOU HAVE ONE, HAVE IT REVIEWED.

Since 2014-15, the IRS only allows one IRA rollover per 12-month period and what does not apply...

*Please, we are not tax professionals and highly advise consultation with your tax professional or one we can connect you with, here locally.

The IRS, in Announcement 2014-15, has indicated it will follow the recent Tax Court decision in Bobrow v. Commissioner, which held that a taxpayer may make only one tax-free, 60-day rollover between IRAs within each 12-month period, regardless of how many IRAs he or she maintains. However, the IRS will not apply this new interpretation to any rollover that involves an IRA distribution occurring before January 1, 2015.

IRA one-rollover-per-year rule: 

You generally cannot make more than one rollover from the same IRA within a 1-year period. You also cannot make a rollover during this 1-year period from the IRA to which the distribution was rolled over.

Beginning after January 1, 2015, you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own.

The one-per year limit does not apply to:

• rollovers from traditional IRAs to Roth IRAs (conversions)
• trustee-to-trustee transfers to another IRA
• IRA-to-plan rollovers
• plan-to-IRA rollovers
• plan-to-plan rollovers

Possible tax ramifications:

• you must include in gross income any previously untaxed amounts distributed from an IRA if you made an IRA-to-IRA rollover (other than a rollover from a traditional IRA to a Roth IRA) in the preceding 12 months, and
• you may be subject to the 10% early withdrawal tax on the amount you include in gross income.

The irony of this action by the IRS, reasons to switch IRA's in numerous volumes are pretty much nonexistent. Maybe this is to protect the consumer or saver, and if it is, it probably deserves applause. 

Since 2014-15, only one IRA rollover allowed during 12-month period:

When should you shop home and auto insurance rates?

ANNUALLY!

Whether you think $1.7M is out of reach for #retirement...instead of buying stupid shit, save!

What is your fear, financially? Saving enough for retirement? Credit card debt? Peace of Mind for loved ones, in case something happens to you? Or is it as simple as paying the rent, or car payment, or putting food on the table?

For this blog, we'll focus on peace of mind and retirement. We can easily solve the peace of mind issue, with a combination of insurance and proper estate planning, or a simple will. We can simply take out enough life insurance (term or permanent is irrelevant for now). Sufficient life insurance strategies suffice the peace of mind for loved ones and family, in case the 'if' happens to you, prematurely.

The retirement issue is far more complex. The first move would be to reduce and eliminate debt, wasting money on buying stupid shit, and ramp up savings to at least an adequate level. First, as part of an evaluation with our agency and network of professionals, would be for us to listen and ask, "what type(s) of money do you have?" An example of this can be found at: What type of money do you have?

An important part of the consultation, evaluation, and analysis is learning the goals of the client. Ideas, creativity, and strategies of the professionals performing the analysis mean very little. The role of the consultant is to implement a strategy based upon those discovered goals. With Advocate Insurers, the client is the only thing, their goals are our goals.

We touch lightly on the retirement strategies here, and solving the Peace of Mind issue. But spurring the conservation, promoting interest, and inspiring individuals to think beyond today is the goal. Whether you believe it will take $1.7M to retire or not, the article from Allesandro Malito of Market Watch may open up dialogue that is uncomfortable for many in America. Check out her article below, by following the link.

Americans may have guessed the amount they need to save for retirement — but they’ll probably never get there (via Alessandro Malito of Market Watch)

What type of #insurance plan do I need? Begin with the end in mind!

What type of life insurance plan do I need?

Consultations and evaluations by professionals are not always opportunities to increase sells. For many, it is the foundation for clients and where the introduction of your needs meets the practical and professional feedback and analysis.

What sets our agency apart from others is our company culture and mission. Professional and practical feedback and analysis provided, has been woven into it a needs-based selling platform. Needs-based selling platform only means, the client is getting what they need, not what helps the commissions of the company or agent involved.

So, what type of insurance plan do you need? That is a question that has many different answers, for many different people. We take an estate planning approach, and that benefits the client because we begin the process, consultation and analysis with the end in mind.

For all clients, there exists so many factors intertwined into the equation of the plan, that giving one cookie cutter or template answer, does not align with our culture or approach. Our focus is on the client, his or her experience and the end-goal.

My mentor devoted a great deal of time ingraining the importance of doing what is best for the client. Now that I have launched a new agency, that focus has not wavered. Talk with your agent, or give us a call. If it is your agent, challenge him or her to provide the service and expertise you need, and make sure they listen instead of talk.

Stay-at-home parents...do you need #lifeinsurance?

If you are blessed to be able to stay-at-home with those children, do you and your partner feel you need life insurance? The answer, based on my expertise, is yes, and yes without a doubt! 

You make it possible for your partner to go to his or her job, while raising the children. Your role also frees up disposable income that may have been allocated for childcare. Childcare is quite expensive in 2019. 

By assuming this role, your partner can focus on their career, job, business, or entrepreneurial pursuits. This role acceptance makes you a tremendously valuable asset, not only to the kids but to the income generated and amount of time that is freed up in the partner's schedule. 

If something were to happen to you, the stay-at-home parent, the life of the partner would drastically be altered forever! 

Covering the cost of labor associated with raising children is one example. Let's face it, it is work taking care of our children. It can be a lot of fun, but laboring at time, no doubt. 

Let's have the conversation, no matter who gets uncomfortable.

*Click on the link from LifeHappens below. They provide 9 reasons why life insurance is a good idea for stay-at-home parents:

9 reasons why stay-at-home parents need life insurance via LifeHappens

DYK: You may be able to add a rider to your #lifeinsurance policy enabling you/beneficiary to access funds prior to death?

Many insurance companies and their life insurance policies have what is called, an "accelerated death benefit (ADB)." An ADB allows the policyowner/beneficiary to access death benefit (usually up to 75% of face value).

Why is this important? If the insured has been diagnosed terminally ill and can only perform certain human capabilities, policyowners and beneficiaries may be able to access up to 75% of the policy death benefit (DB).

Furthermore, if the insured has medical bills and financial stress associated with the diagnosis, then early access to the death benefit, may make a tremendous amount of sense and financially responsible.

For additional information, research ADB or message us for further details.

Captive vs. Independent #Insurance Agents?

I must disclose, first, that there are many great captive agents, who work for very reputable insurance companies and they do a tremendous and professional job, for their clients. Yes, as with several things in life, there are bad ones, who make it hard for others. Same could be said for independent agents.

What are two types of #insurance agents? Why is it important to know the difference? In the industry of insurance, there are captive and independent agents. Captive agents, while many are very good at what they do, and conduct business on behalf of major insurance companies, they are restricted as to the companies they represent.

Those major companies restrict what companies they can write business for and the rates for those companies could not work to your advantage. Another practice of some captive agents is, what I refer to as, pushing policies. Often times these particular agents do not sell on a needs-based structure. The client can suffer.

An independent agent may represent a wide variety of companies and are able to shop those insurance companies to locate a good policy, at a very competitive rate. Caution, cheapest is not always best with insurance. Any agent can strip out additional coverage levels to lower the premium and then show you a comparison that looks cheaper.

An example of lowering coverage levels, to offer a cheaper premium can be found on t.v. & radio and to compare only take about 15 minutes. You probably see that on social media and hear it on your favorite podcast, all the time. One thing you won’t see with Advocate Insurers, we do not push policies.

We do consultative, needs-based selling to ensure the client gets only, what they need, while minimizing risk. Give us a call, send a direct message on social media, or shoot us an email and we’ll represent you and your family, the manner in which you should be represented. It is our guarantee.

Insurance | Retirement | Planning

Join the #kentuckianakonnect #networking group! @kentuckianakon1 #Indiana #Kentucky #Tennessee

Advocate Insurers launches this year, and our networking group has also been established and is tipping off! This networking group is being constructed on the foundation of doing what is best for our clients, and our members of the networking group. Below is the Advocate Insurers Facebook page and where additional information, can be located. We are targeting early summer to begin meeting. Contact us for additional information...

Advocate Insurers Facebook Page (click here):

Members (Originating):

James Schmitt-Realtor for Louisville Market Realtors: "Putting Your Needs First!"
Jeff Byrne-Staff Accountant for Durbin Associates in Tax and Accounting
Kevin Kempf-Owner of Precision Auto Care & Transmission
Adam Lucas-Owner of Red Bolt Sports Design & Media
Clay Ables-Owner of Ables Production Inc.(Video/Social Media)

**************************************************

Spots Available (seeking):
Real Estate Banking Officer
Commercial/Personal Banking Officer
Financial Planner
Real Estate Attorney
Estate Planning Attorney
Divorce Attorney
Commercial Realtor
Staffing Company Representative
Wedding/Event Planner
Funeral Home Director
Chiropractor
Optometrist
Physical/Massage Therapist
Travel Agent

What is #insurability? How is it important to you, your #family, and your #estateplanning

You are never more insurable, than you are today! This is a fact. But what does insurability mean? According to Lincoln Financial, insurability means that either a particular type of risk can be insured or whether an individual can be insured, due to and based on circumstances.

Now let’s apply that to everyday life...often times humans experience a life changing situation.

A person can be diagnosed with cancer, heart disease and often other diseases that make the possibility of obtaining a life insurance policy, nearly impossible.

What is even more impossible, when becoming uninsurable, obtaining a life policy with a sizable death benefit. These can be considered pre-exiting conditions to the insurance companies and documented in the Medical Information Bureau (MIB) report.

The MIB report becomes part of your DNA and is every bit of importance, as your credit report.

What course of action should be taken? Take advantage of young age and good health, insure early. You’re never more insurable than you are today, meaning, do not put off getting life insurance till later. Live a healthy lifestyle, exercise and do not smoke. Seek out professional advice.

Should I use my #insurancepolicy Roadside Assistance?

Quite simply, NO! And, if you do, only in a true emergency. It is a ‘ding’ on your policy history and rates. Many insurance companies may raise your rates, following the utilization of the feature. Our advice, get AAA or research another option. Protect your good auto rates and continue to shop rates ANNUALLY! These are things your auto insurance company does NOT want you to know.

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What is your #family #legacy?

Advocate Insurers, as part of our culture, is designed to help educate our clients throughout the insurance process and various stages of their lives. Today, we will look at the legacy you want to leave behind for your most valuable assets, your family.

What is your #family #legacy? Most of us REALLY love our spouse and children. Most of us, want them secure, protected and to have every opportunity to live a long and prosperous life!

We know that when we leave this earth, how much time we spent at the office, shop or agency really won’t matter.

What will matter is what the quality of life we will leave behind, for those loved ones. The result of that quality, will be our legacy!

Will they be able to mourn sour passing, without worrying about how the mortgage will be paid, or schooling paid for, in the near future?

That is the legacy I am working extremely hard at making sure is sound. I do not want pass debt onto them, I don’t want them to worry, and certainly want them to maintain their quality of life after I pass.

My family is my legacy. The service and value my agency brings to our clients, is my responsibility and part of my legacy.

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This Giant List of 100+ Marketing Stats Reveals What Actually Works via @VisualCap

This Giant List of 100+ Marketing Stats Reveals What Actually Works via @VisualCap

Advocate Insurers offering #Insurance in Auto, Home, Commercial, Life and Annuities w/Guaranteed Lifetime Income

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