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No More 9-5

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No More 9-5

Our lives change daily and sometimes super-fast and dramatically. It isn’t as ‘easy’ as it was back in the day. The 9-5 lifestyle of the man working and the woman at home has changed. Yes, it still happens, but it is not as common as it once was. It has become more common for both parents to work outside the home, because of the increase in the cost of living and the need to cover all expenses. Trying to cover basic needs can be overwhelming. Keeping a roof over your head, gas in the car and food in the fridge is a herculean task in itself, let alone trying to afford private school tuition for your kids or paying off college loans or even simply building up the savings account so you can cover unexpected costs like repairs for your car.

Imagine if you didn’t have all the income you needed to cover all your expenses. Imagine of you were suddenly left without the second income – or worse, left without your spouse due to a sudden and unexpected death. The stress of thinking how hard that would be on your loved ones is why we talk so often about the importance of having a life insurance policy that will support your family when you die. There is a lot of comfort in knowing your family won’t have to struggle through a financial mess, that your kids will be taken care of, that your small business will still survive.

There are plenty of options when it comes to your life insurance. We offer a very personalized service – as personalized as you want. Whether you speak to use directly purchase online, we hope you get a life insurance policy sooner rather than later.

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30 and Thriving

Uh oh…is 30 quickly approaching or GASP – has it already arrived?
16, 18, 21, 20 40, and so on. These tend to be what many people consider to be major steps and age/birthday celebrations in life. Of course these are only few among numerous milestones, but you get what we are saying.
So many people that I know made and make a very big deal out of turning 30. I don’t personally see what the big deal is, but to each their own. I do however see and underst and the big deal behind making sure you have all your ducks in a row when it comes to insurance and finances at that age. I came across a great article with some very useful information that I wanted to pass along – focusing on personal finances.

1. When you reach 30 it is actually past time to start saving for retirement. Don’t ignore this! You REALLY do need to start saving!
2. Look into long-term investments
3. Check credit score, know your credit score, and know what’s on your credit report
4. Learn how to fix credit report errors – and FIX THEM!
5. Make/revise a budget and stick to it.
6. Build an emergency savings account that you never touch and don’t tell anyone about. Let it build and let it be!
7. Revisit your student loan status and see if you can consolidate, lower rates, or make bigger payments
8. Search for lower credit card interest rates or consider get rid of the cards all together
9. Meet with an agent and determine if you need life insurance
10. Stop working a ‘job’ and find your
11. Is it time to rent or to own?

This To-Do list could and should be significantly longer, but it is an excellent starting point to kick-off your 30’s with a string sense of you financial status and the direction to take in order to strengthen your status.
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Cheap Insurance Life

Permanent life insurance provides lifetime insurance protection (does not expire), but the premiums must be paid on time. Most permanent policies offer a savings or investment component combined with the insurance coverage. This component, in turn, causes premiums to be higher than those of term insurance. The investment may offer a fixed interest rate or may be in the form of money market securities, bonds or mutual funds. This savings portion of the policy allows the policy owner to build a cash value within the policy which can be borrowed or distributed at some time in the future.

The characteristics of Permanent Life Insurance are: permanent insurance protection, it is more expensive to own; it builds cash value, loans are permitted against the policy; it has favorable tax treatment of policy earnings and it has
level premiums.

There are three basic types of permanent insurance: whole life, variable life and universal life. The two most common are whole life and universal life. Whole life insurance provides lifetime protection, for which you pay a predetermined premium. Cash values usually have a minimum guaranteed rate of interest and the death benefit is a fixed amount. Whole life insurance is the most expensive life-insurance product available. “Universal life insurance separates the investment and the death benefit portions. The investment choices available usually include some type of equity investments, which may make your cash value accumulate quicker. As the you can usually change your premiums and death benefits to suit your current budget”.

Final Tips

• Consider buying a “break point” level of insurance coverage – better premium rates are given at coverage levels of $100,000, $250,000, $500,000 and $1,000,000.

• Make sure you obtain an illustration for the policy that you have chosen. If the insurer will not provide you with one, look for another insurance company.

• Always shop for a level-premium policy. Nobody likes a surprise increase in their premium payments! So, before you buy term or permanent insurance make sure your illustration shows that your premium payment is guaranteed not to increase over the duration of your coverage.

• Don’t be sold on permanent insurance for the investment or cash-value feature. For the first two to 10 years, your premiums are paying the agent’s commission anyways. Most policies don’t start to build respectable cash value until their 12th year, so ask yourself if the feature is really worth it.

• Determine your desired duration of coverage so that you purchase the correct type of policy and keep your premium payments affordable. If you only need insurance for 10 years, then buy term. Also, check out multiple-quality insurance companies for their rates.

• Don’t be taken with riders. A very few number of policies ever pay under these riders, so avoid things like the accidental death and waiver of premium riders since they will only jack up your premiums.

• For 24 hours before your medical exam, keep sugar and caffeine out of your system. It’s best to schedule your exam early in the morning, and don’t consume anything but water for at least eight hours beforeh and.

• If your premiums are much too high due to medical reasons or you are denied coverage, check if a group plan is available through your company. These group plans require no medical exam or physical.

When seeking insurance, don’t rush into buying expensive permanent life insurance before considering if term life insurance sufficiently meets your needs. Unfortunately, in many cases the fees charged for policies with investment features far outweigh the benefits. When you purchase life insurance, you’re betting that you’ll live, but also securing peace of mind in case you’re wrong. Don’t leave your family unprotected in the sudden event of your death – after all, they are your most important assets.

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Auto Coverage Analyzer

Buying a car means taking a well thought out decision. However, sometimes taking a well-thought, wise decision gets difficult. This is even more so, when it involves a big investment decision like buying car and insuring it. One wrong decision and you might end up in a financial soup. Once you have already bought a car or you have owned a car for sometime now, it is time for getting it insured.

Factors

Now, when we come to think of car or for that matter any auto insurance there are quite a few factors that have to be considered before settling for a particular market offer. Analyzing these factors would determine which auto insurance policy suits your needs the best. Or else you might end up paying too high premium or not taking enough coverage for your automobile. First of all one has to consider what is the purpose of owning it. Whether it is for personal use, used as public transport such as private taxi, or used in transportation of heavy duty or light duty industrial goods or is it put to some other use. Age is also a major consideration. Old vehicles have to pay higher premium as compared to the new one. Type and model of the vehicle also play a major role. Like wise there are N number of factors that need to be checked out.

Getting The Right Insurance

When you buy auto insurance online there are large numbers of sites that offer auto insurance on each site there are quite a few number of market offers. This makes online shopping for the right kind of auto insurance a tedious task. However, there are some sites that provide automated tools that assist you in determining what kind of auto insurance would work the best for you and how much coverage do you need. These tools or auto coverage analyzer can go a long way in helping you save a whole lot of money on auto insurance.

Wrong auto insurance would leave you paying amounts that are too high and paying extra for coverage you may not need. On the other h and, if you choose amounts that are too low, you risk being uncovered in case of an accident. Thus, whether you’re shopping for new auto insurance or renewing your existing policy, Auto Coverage Analyzer can help you make the right coverage choices. All you have to do is answer a few question about your financial st andings and your automobile conditions, price tag, coverage needs etc and the auto coverage analyzer would automatically generate coverage category wise auto policy value recommendations and explanation as to why is it needed.

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Barbara Farone’s Background Helped Prepare Her

[youtube]http://youtu.be/wnVvIKw5R24[/youtube]Barbara met and married her husb and, Vance, 1965. She worked in, and retired from, the nursing home industry and so was familiar with aging and different individual needs. Because of this background, it was important for her to purchase long-term care insurance policies for herself and Vance in the event that one or both of them became ill. Shortly after she purchased these policies, she experienced a heart attack and was then diagnosed with brain cancer. They both assumed that Vance — in excellent health — would be Barbara’s caretaker. Vance was diagnosed with progressive dementia in 2001 and required around-the-clock care at his home in Atwater Village by 2005. As expressed by Barbara, this policy gives a patient and a family “choices” and the ability to remain at home, if desired.

Susman Insurance Agency

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