by NFS | Nov 18, 2020 | Archives, Blog Posts
Papers stuffed in drawers. File cabinets in disarray. Stacks of newsletters and other paperwork lying around. Does this sound like your office or financial junk drawer?
Now is a great time to get organized. Here are three simple steps to help get your finances in order before the end of 2020.
STEP 1
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Lay it All Out
Getting on track begins by examining what you have and then determining what you may need to consolidate.
Begin by taking a look at something that is often overlooked: Your insurance. Do you need less insurance or more of it? It is critical to safeguard your family and your assets and think about how to protect your legacy. |
STEP 2
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Examine the Darkest Corners
Many have taken a “set it and forget” approach to retirement savings. We have allowed 401(k) accounts from old jobs to linger. It is time to take a closer look and answer some important questions: Are you saving enough? Are you invested correctly? Are you assuming more risks than needed, or letting fear hinder your returns?
It is time to update, consolidate and take action. |
STEP 3
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Get Started and Ask for Help
Becoming organized may feel like a chore, but it is time well spent for you and your family. The hardest part is taking the first step, but it gets easier when we do it together. Call or email to get started.
Who do you know that may benefit from a financial clean up? Feel free to forward this email to family members, friends or colleagues and we can all begin 2021 with a fresh financial start. |
by NFS | Sep 2, 2020 | Archives, Blog Posts
The sluggish economy continues to put financial strain on many of us. So it just makes sense to examine our budgets and look for ways to trim the fat from our monthly expenses and put more into savings, if possible.
That’s a great way to help stabilize your finances, but it’s also important that you have a financial safety net in place in case something were to happen to you. Life insurance is one of the few guarantees your family could rely on to maintain their quality of life if you were no longer there to provide for them.
There are 95 million adult Americans without life insurance, according to LIMRA, an insurance industry research group. The fact is, the vast majority of Americans need life insurance and, sadly, most people either have none or not enough. If someone depends on you financially, you need life insurance. It’s that simple.
September is Life Insurance Awareness Month, making it the perfect time to take stock of your life insurance needs. And there are three additional reasons why now is the best time to look into getting life insurance.
You’ll never be younger than you are now. While that may sound obvious, youth is on your side when it comes to life insurance. It makes good financial sense to get coverage when you’re young and healthy, as premiums are based on your age and health. For most policies, your premiums will be locked in at that rate over the life of the policy, and can’t be raised due to a change in your health status.
It’s affordable, with rates near historic lows. People overestimate the cost of life insurance by nearly three times, according to a recent study conducted by LIMRA and the LIFE Foundation, a nonprofit insurance education organization. In fact, life insurance rates remain near historic lows; the cost of basic term life insurance has fallen by nearly 50 percent over the past decade. For example, a healthy 30-year-old can buy a 20-year, $250,000 level-term policy for about $13 per month.
Life happens. One day life is going along smoothly, and the next, you’re thrown a curve ball. No one knows what the future holds. None of us expect to die prematurely, but the truth is roughly 600,000 people die each year in the prime of their lives. That’s why today is always the best day to take care of your life insurance needs.
Life Insurance Awareness Month is the ideal time for a life insurance review. I urge everyone to take a few minutes out of their busy schedules to make sure they have adequate life insurance protection.
Consumers can get a general sense of their life insurance needs by going to www.lifehappens.org/lifecalculator and using the online calculator offered by the LIFE Foundation. The next step should be to contact a local insurance professional, who can conduct a more comprehensive needs analysis and help you find the right products to fit your specific needs and budget.
Held each September, Life Insurance Awareness Month is an industry-wide effort that is coordinated by the nonprofit LIFE Foundation. The campaign was created in response to growing concern about the large number of Americans who lack adequate life insurance protection. Roughly 95 million adult Americans have no life insurance, and most with coverage have less than most insurance experts recommend. For more information on life insurance, visit LIFE’s website at www.lifehappens.org.
Call us at 800-560-4637 and we can help you through the entire life insurance process!
