Upload File

are you insured? · registered investment advisor and affiliated insurance agency. life insurance...

  • Home
  • Documents
  • Are You Insured? · Registered Investment Advisor and affiliated insurance agency. Life insurance can also be valuable while you are alive. A policy with cash value components may
2
311 West Walnut Street PO Box 664 Ogden, IA 50212 515-275-2856 111 North Commercial Avenue Eagle Grove, IA 50533 515-603-6300 1601 Golden Aspen Drive #106G Ames, IA 50010 800-747-4710 Fax: 515-275-4080 Website: www.icaiowa.com Are You Insured? Too many Americans have no life insurance. Their loved ones may pay dearly for that choice. Provided by Keith W Berg & Adam Good September is National Life Insurance Awareness Month – a good time to think about the value and importance of insuring yourself. According to a recent Bankrate survey, 42% of Americans have no life insurance at all. They may not know that life insurance coverage has become much more affordable than it once was. 1 Many people ask if life insurance is really worth the cost; maybe you are among them. The simple answer to that question is yes. It can be stunningly cheap: a healthy, non-smoking man in his thirties may pay less than $45 a month for a $1 million 20-year term policy. Permanent life insurance costs more than term life insurance, but permanent life policies can build cash value over time; term policies cannot. 2 Life insurance is about managing risk, and if other people rely on you financially, you need to have it in place in case your passing puts them at financial risk. When a spouse or parent dies, there are financial matters to address: a sudden lack of income for a household, bills and mortgages or rent to pay, final expenses such as funeral or cremation costs, and the cost of children’s education. Without adequate life insurance coverage, a household is hard-pressed to meet these immediate, financially draining challenges. Many growing families have inadequate life insurance coverage. The Bankrate survey discovered that 37% of parents with children under age 18 had no policy at all. Some younger families find coverage through group plans, but perhaps not enough: 32% of the survey respondents raising minor children said that the death benefits on their life insurance contracts were $100,000 or less. 1 The problem of inadequate coverage seems to plague households of all ages. A five-figure life insurance payout can pay for a funeral, but it will not offer much economic insulation to a family after a wage earner dies. Bankrate found that 47% of the Americans who have life insurance have policies with coverage amounts of $100,000 or lower. Twenty-one percent of Americans have policies with death benefits of $25,000 or lower. 1 How much coverage is adequate for you? Ideally, you should determine that with the help of an insurance professional. As a rough rule of thumb, the death benefit on a policy should be about 15 times your income. If you are considering a term life policy, the term should not end before your envisioned retirement age. 2

Upload: others

Post on 26-Jun-2020

0 views

Category:

Documents


0 download

Report

TRANSCRIPT

Page 1: Are You Insured? · Registered Investment Advisor and affiliated insurance agency. Life insurance can also be valuable while you are alive. A policy with cash value components may

311WestWalnutStreet�POBox664�Ogden,IA50212�515-275-2856111NorthCommercialAvenue�EagleGrove,IA50533�515-603-6300

1601GoldenAspenDrive#106G�Ames,IA50010�800-747-4710Fax:515-275-4080�Website:www.icaiowa.com

AreYouInsured?

ToomanyAmericanshavenolifeinsurance.Theirlovedonesmaypaydearlyforthatchoice.

ProvidedbyKeithWBerg&AdamGood

SeptemberisNationalLifeInsuranceAwarenessMonth–agoodtimetothinkaboutthevalueandimportanceofinsuringyourself.AccordingtoarecentBankratesurvey,42%ofAmericanshavenolifeinsuranceatall.Theymaynotknowthatlifeinsurancecoveragehasbecomemuchmoreaffordablethanitoncewas.1Manypeopleaskiflifeinsuranceisreallyworththecost;maybeyouareamongthem.Thesimpleanswertothatquestionisyes.Itcanbestunninglycheap:ahealthy,non-smokingmaninhisthirtiesmaypaylessthan$45amonthfora$1million20-yeartermpolicy.Permanentlifeinsurancecostsmorethantermlifeinsurance,butpermanentlifepoliciescanbuildcashvalueovertime;termpoliciescannot.2Lifeinsuranceisaboutmanagingrisk,andifotherpeoplerelyonyoufinancially,youneedtohaveitinplaceincaseyourpassingputsthematfinancialrisk.Whenaspouseorparentdies,therearefinancialmatterstoaddress:asuddenlackofincomeforahousehold,billsandmortgagesorrenttopay,finalexpensessuchasfuneralorcremationcosts,andthecostofchildren’seducation.Withoutadequatelifeinsurancecoverage,ahouseholdishard-pressedtomeettheseimmediate,financiallydrainingchallenges.Manygrowingfamilieshaveinadequatelifeinsurancecoverage.TheBankratesurveydiscoveredthat37%ofparentswithchildrenunderage18hadnopolicyatall.Someyoungerfamiliesfindcoveragethroughgroupplans,butperhapsnotenough:32%ofthesurveyrespondentsraisingminorchildrensaidthatthedeathbenefitsontheirlifeinsurancecontractswere$100,000orless.1Theproblemofinadequatecoverageseemstoplaguehouseholdsofallages.Afive-figurelifeinsurancepayoutcanpayforafuneral,butitwillnotoffermucheconomicinsulationtoafamilyafterawageearnerdies.Bankratefoundthat47%oftheAmericanswhohavelifeinsurancehavepolicieswithcoverageamountsof$100,000orlower.Twenty-onepercentofAmericanshavepolicieswithdeathbenefitsof$25,000orlower.1Howmuchcoverageisadequateforyou?Ideally,youshoulddeterminethatwiththehelpofaninsuranceprofessional.Asaroughruleofthumb,thedeathbenefitonapolicyshouldbeabout15timesyourincome.Ifyouareconsideringatermlifepolicy,thetermshouldnotendbeforeyourenvisionedretirementage.2

Page 2: Are You Insured? · Registered Investment Advisor and affiliated insurance agency. Life insurance can also be valuable while you are alive. A policy with cash value components may

ThismaterialwaspreparedbyMarketingPro,Inc.,anddoesnotnecessarilyrepresenttheviewsofthepresentingparty,northeiraffiliates.Thisinformationhasbeenderivedfromsourcesbelievedtobeaccurate.Pleasenote-investinginvolvesrisk,andpastperformanceisnoguaranteeoffutureresults.Thepublisherisnotengagedinrenderinglegal,accountingorotherprofessionalservices.Ifassistanceisneeded,thereaderisadvisedtoengagetheservicesofacompetentprofessional.Thisinformationshouldnotbeconstruedasinvestment,taxorlegaladviceandmaynotbereliedonforthepurposeofavoidinganyFederaltaxpenalty.Thisisneitherasolicitationnorrecommendationtopurchaseorsellanyinvestmentorinsuranceproductorservice,andshouldnotberelieduponassuch.Allindicesareunmanagedandarenotillustrativeofanyparticularinvestment.Securities, advisory services and insurance products offered through Investment Centers of America, Inc. (ICA), member FINRA, SIPC, aRegisteredInvestmentAdvisorandaffiliatedinsuranceagency.

Lifeinsurancecanalsobevaluablewhileyouarealive.Apolicywithcashvaluecomponentsmaygrowovertime.Afterawhile,youmaybeabletoborrowagainstthecashvalue.Sometimesthepayoutamountonthesetypesofpoliciescanbeadjustedaswellasthesizeofthepremiums.Ofcourse,youmustkeeppayingthepremiumstokeepanykindofpermanentlifeortermlifepolicyinforce.3Whileyoumaydecideyoupreferonekindofpolicyoveranother,theimportantthingistohavecoverageinplace–notjusttoreassureyourself,butthoseyoulove.Lifeinsurancecanhelpaspouseorafamilymaintainfinancialequilibriumatatimewhenitismostneeded.Citations.1-bankrate.com/finance/insurance/money-pulse-0715.aspx[7/8/15]2-forbes.com/sites/timmaurer/2016/01/05/10-things-you-absolutely-need-to-know-about-life-insurance/[1/5/16]3-nerdwallet.com/blog/insurance/should-you-consider-cash-value-life-insurance/[5/6/15]

RegisteredRepresentativesKeithW.Berg,CFS,MSFS

[email protected]

[email protected]

www.icaiowa.com


Canadian Tire Accident Plus Insurance - canadalifeinsure.ca€¦ · canadian tire accident plus insurance insured individual: john sample insured individual's date of birth: february

TRANSPORT CLEAN UP Insured through: Centriq Insurance Co. Ltd · Insured through: Centriq Insurance Co. Ltd . Page | 2 . INDEX . The Transport Clean-Up Policy Page No 3 . On-Site

INSURANCE BILLINGSLEY 2017 - Amazon S32018-2019/... · 2018-10-03 · 4 - Name insured: person who is written in on the insurance K specifically identified - Unnamed insured: person

Insurance Benefits Financing Insured persons Benefit

Insurance Insured Retirement Plan - BMO Bank of Montreal BMO Insurance Insured... · The BMO Insurance Insured Retirement Plan . 3 . ... software including the built-in life expectancy

Individual Disability Insurance – Series 700 Product ... · Proposed insured over age 60 (Multi-Life) We will consider disability income insurance coverage for a proposed insured

Self-Insured Health Insurance Fund (“HIF”)

S.M.A.R.T. Presentation January 4, 2012 · Fully Insured v. Self Insured Fully Insured • Pay Insurance Company Premium Per Employee ... • Pay Premiums to County • TPA – 4%

HOME CONTENTS INSURANCE - AAMI€¦ · AAMI Home Contents Insurance offers cover for insured event ‘Flood’ In addition to the other 13 insured events, AAMI Home Contents Insurance

Non-Group Health Insurance: Many Insured Americans with High

Conditions of Insurance · Part I. General Conditions of Insurance and Contractual Information for Travel Insurance (GCIT) 9 The insured persons 9 1. Who is an insured person? 9 2

1 OVERVIEW OVERVIEW Indian Agriculture Agriculture Risks Crop Insurance: Evolution Crop Insurance: Types of Products & Perils Insured Crop Insurance:

Engineering Insurance - Covéa · Engineering Insurance Limited ("The Company") agree to indemnify the Insured named in The Schedule (referred to herein as “The Insured”) against

Self-Insurance Quarterly Workshop Paul Flowers – Director, Self-Insured Department David Sievert – Audit Supervisor, Self-Insured Department

Annual Marine Cargo Insurance - zurich.com.au · Annual Marine Cargo Insurance. Page 6 of 44 3.4 Subject matter insured subject matter insured means the insured goods including packaging

Chapter 8 FDIC Insurance and Regulation of U.S. … insured by the Federal Deposit Insurance Corporation (FDIC).1 Instead, the foreign bank must now organize or acquire an insured

You are insured by Generali, Hungary’s leading insurance company. Your insurance includes: health insurance, in case you are sick travel insurance,

The BMO Insurance Corporate Insured Retirement Plan · several opportunities using The BMO Insurance Corporate Insured Retirement Plan that you may want to consider for your business

Self-Insurance Quarterly Workshop Dave Sievert – Interim Director, Self Insured Department

New Travel Insurance Policy Wording · 2020. 7. 13. · Section Cover Sums insured Excess Sums insured Excess Sums insured Excess 1 Emergency medical and repatriation expenses - Hospital

Section 3. The Life Insurance Policy - contract between insurance company and insured -major elements of a life insurance policy -name of the insured

Stochastic Reserving · Life insurance The insured risk depends directly on the life of the insured. General (or Non-Life) insurance The insured risk does not depends directly on

Insurance Act 2015 What does it mean for you as an Insured? · Insurance Act 2015 – What does it mean for you as an Insured? ... Warranties – Insurance Act 2015 ... abolishes

Plans insured by Humana Insurance Company HSA 100% plan · 2017. 9. 22. · Texas Preferred Provider Benefit Plans HumanaOne Plans insured by Humana Insurance Company HSA 100% plan

Electronic Equipment - Proposal Form - Orient Insurance · PROPOSAL FORM - ELECTRONIC EQUIPMENT Name of Insured: Address of Insured: Period of Insurance Proposed: From: o'clock Situation

Transamerica Life Insurance Company...ICC18 T-AP-WL10IC-0518 Page 1 of 19 Proposed Primary Insured Transamerica Life Insurance Company 1 Proposed Primary Insured Personal Information

Arkansas · 2017-08-29 · (B) "Industrial insured" does not mean "industrial life insurance" as used in § 23-82-101 et seq.; (14)(A) "Industrial insured captive insurance company"

Federally insured by NCUA. · Insurance products are offered through the Citadel Agency, LLC a licensed insurance agency affiliated with Citadel. The Citadel Agency, LLC will receive

Tata AIA Life Insurance Maha Raksha Supreme Insured as to

Burglary - Proposal Form - Orient Insurance · BURGLARY - PROPOSAL FORM Name of Insured. Address of Insured: Period of Insurance Proposed: From: o'clock Situation of Risk: (if more

RULES OF HULL AND MACHINERY INSURANCE - · PDF fileRULES OF HULL AND MACHINERY INSURANCE 1. General stipulations 2. Object of insurance 3. Insurance risk. Insured events 4. Sum insured

Understanding Self-Insured Group Health Plansstartyourowninsurancecompany.com/wp-content/uploads/2014/08/... · Understanding Self-Insured Group Health Plans ... stop-loss insurance

BEAZLEY DIRECTORS’ AND OFFICERS’ LIABILITY INSURANCE · In the event that the insured is prevented from notifying any claim or insured event to the insurer (after the insured

I. INTRO · Web viewSelf-insured i.e., no commercial insurance; deduction (limited) available for medical expenses. 106(a) ... bet between insured and life insurance company—just

(BAM Insured) Ratings: S&P Insured: AA MUR: Aa3 · (BAM Insured) Ratings: S&P Insured: "AA" MUR: "Aa3" NEW ISSUE BOOK-ENTRY FORM ONLY See "RATINGS" and "BOND INSURANCE" herein. In