Avoid The Thirthieth Percentile!

September is life insurance awareness month, so the American Bar Endowment wants to make sure that you and your loved ones are prepared for the inevitable but sometimes unexpected slap of death.

There is a common misconception that life insurance is meant only for older persons – this could not be farther from the truth. Life insurance is not a guarantor of death; rather, it is a safety net. It gives you peace of mind that should death arise, you and/or your family can grieve instead of worrying about how hospital bills, loans, and other debts left behind by loved ones will be paid for.

Life insurance benefits survivors in many ways: it can pay off mortgages – keeping your loved ones in their home, fund or pre-fund a child’s college education, provide the capital needed to keep your law practice going; the list goes does not end. Knowing this, why have you not covered yourself yet?

Research statistics provided by a LIMRA study shows that 30 percent of US households have no life insurance at all. What does this mean? This means that in a group of 10 breadwinners, three of them would likely leave their families struggling with financial debts when they are deceased. Do not be a part of that 30 percent! Obtain life insurance today from trusted insurers that will cover you and your family even when you are no longer around to do so.

Sources:

http://www.lifehappens.org/life-insurance-awareness-month/

http://www.limra.com/liam/

 

 

 

 

Children Need To Be Covered Too!

School is back in session! The new school year may mean several things for you as a parent depending on the age of your child. For parents with kids who started the first grade, this is likely an emotional time; for parents with pre-adolescent children, the new school year has likely brought great relief, as you no longer have to worry about babysitters and finding activities to keep your child occupied while you are at work.

Parents of college-bound students probably experienced something entirely different because their children, who were first graders one time ago and required babysitters at some point of their lives, are now adults; soon to be [financially] independent. However, that moment of complete financial independence has not arrived yet, which means, you still need to do whatever you can to make sure your child is taken care of and covered… and what better way to cover your child than to make sure he or she (and their property) is insured?

A common misconception among parents of college-age children is that their insurance policies will cover their children while at college; unfortunately, this is not always the case. Many homeowner policies will cover a student’s possessions in the event of theft, fire, and vandalism, but only if the student resides in a school-sponsored dorm.

For students residing in off-campus housing, coverage by existing homeowner policies is even more difficult. It is not too late for parents to obtain renters policies to cover their children’s belongings in the event that property is stolen or damaged due to fire, theft, or other unforeseen circumstances.

Although classes have resumed, you should still insure that your child is covered while in school and away from your watchful eyes. Be sure to visit our website to learn more about the various plans we offer that will provide you and your children coverage and peace of mind.

September is Life Insurance Awareness Month

It’s important to review your life insurance coverage on a regular basis to make sure you have adequate protection and September is a good time to do this.  It’s Life Insurance Awareness Month, sponsored by the non-profit Life and Health Insurance Foundation for Education. For Life Insurance Awareness Month 2010 we’d like to ask you, what are your life’s wondrous moments? Watch the video above and then let us know what moments you are helping to protect for your loved ones by having life insurance.