No one knows what the future holds. Hopefully, only good things are in store for you.
But realistically, bad things will happen too.
Even if you don’t consider yourself a cautious person, you take little steps every day to improve the odds that good things will happen and guard against the possibility of bad things happening.
You wear seat belts.
You lock your doors when you leave home.
You try to eat well and exercise.
In other words, you may not be able to control the future, but you can stand up to it. You don’t have to get wet when it rains. You can carry an umbrella.
True, it’s easy to take these little steps. The bigger steps, though, can require contemplating some pretty unpleasant things.
What would happen to your family if you became ill or injured and couldn’t work? Or, worse yet, if you died? Or if your spouse died?
Standing up to the future means making sure you and your family can carry on, even in the face of a disaster. That’s where life insurance and other forms of insurance come in.
Life insurance won’t guarantee you’ll never face a tragic situation, just as wearing a seat belt won’t keep you from crashing your car. But it will provide your family with financial protection. And whatever hopes and dreams you have for your loved ones can still be realized, even if the worst were to happen.
That’s why we say LIFE Happens. It really does. No matter what the future throws at you. September is Life Insurance Awareness Month and we here at Northeast Financial Strategies are offering Complimentary Life Insurance Reviews – contact us for your appointment now!
If you run a corporation or partnership and took an extension to file income tax returns, you have until today, September 15, to file. The due date applies to any business the fiscal year of which is also the calendar year.
The IRS said it continues to see strong growth in corporations and partnerships shifting from paper returns to e-filing. As of August 30, more than 6 million corporations and partnerships e-filed returns this year, almost an 8 percent overall increase from the prior year. The IRS had received 78,762 e-filed returns from large partnerships, an 11 percent jump over the same time in 2014.
Most large corporations and partnerships already e-file: Corporations with $10 million or more in total assets are generally required to e-file Forms 1120 and 1120S. Partnerships with more than 100 partners are also generally required to e-file their returns.
E-filing has also shown strong growth this year among businesses not required to use it, the IRS said, adding that it expects to receive millions more e-filed returns by the deadline.
Please contact our office you need to get your corporation filed today.
So, why do you need life insurance?
What often comes to mind when thinking about life insurance is that you can use it to pay final expenses. You’ve seen the commercials: Funeral expenses, burial costs and medical bills can add up to a hefty amount. The last thing you want is for your loved ones to shoulder this extra burden. Life insurance can be used to plan for these final expenses. Permanent life insurance is available in various amounts, so you can pick a death benefit that meets your needs.
But there are other considerations to keep in mind. You can use life insurance …
As mortgage protection. Whether you live by yourself, with a spouse or significant other, you may want to buy life insurance as mortgage protection. Think about it: You don’t want the person you live with to be homeless if you die unexpectedly, do you? Term life insurance can be used to pay off an outstanding mortgage balance. Just select a term that matches the length of your mortgage payment period. Some companies even offer decreasing term insurance, which means the death benefit decreases along with your mortgage balance.
For income replacement. You and your significant other may have planned for a future based on two incomes, but what if one of you passes away unexpectedly? Life insurance can be used to replace the lost income so the survivor can maintain the same standard of living.
For college funding. Yeah, I know. You don’t have kids, so this one only applies if you do or if you have grandchildren you want to help. Have you seen the tuition rates lately? Life insurance can help fund a college education. If you die, the death benefit may be invested and potentially grow to the needed amount by the time your children or grandchildren reach college age. If you have permanent policies, the cash value may be used to help fund tuition costs. Feel better knowing that you helped prepare for their future—even if you are not there to see it.
There are also a few provisions—additional benefits, if you will—that you may not be aware of.
Probate protection. If the beneficiary of a life insurance policy is a named person and not your estate, the death benefit is free from probate costs.
Incontestability. After the policy has been in force for two years, it becomes incontestable, meaning that the policy cannot be revoked, unless it was fraudulently obtained.
Free from the claims of creditors. In many states, the cash values of the life insurance policy are free from the claims of creditors if the policy is personally owned.
So, are you starting to see the need for life insurance? You will call me right now, right? The number is 800-560-4637 x14. Don’t put it off! Remember, the younger you are when you get insurance, the lower the cost and the easier it is to get approved.
September 11th, 2001 changed the lives of many. Never forget that terrible day when we lost over 3000 of our family and friends in the tragic events.
