 |
Selected Newsletter Articles
Business Owners Profiled
B-2-B Forums
Financial Growth Strategies
Tips, Tools, & Tactics
Strategic Conversations
Leadership Development
Experience Exchange
Managing Differences
Contact Us
Our Media Profile
"Doing It Right"
Article Directory
Our Site Map
|
Take Control Of The Internet! Connect with prospects, vendors, suppliers, customers, the media - put the Internet to do for you TODAY!
Leadership University
Professional development systems for individuals and organizations!
Small Business Marketing Attract new customers, sell more to your existing customers, and bring them back more often!
Add Instant Audio...
to your web site. It will revolutionize how you connect with prospects, customers & clients!
Generate Targeted Traffic Use your own words to generate new, additional, relevant web site traffic!
Email Marketing Resources Manage all your email, newsletters, messages, and mailings from ONE user-friendly Message Control Center!
Article Marketing
Submit your articles to editors and publishers around the world, creating free publicity, free traffic, & increased sales! .
Strategic Conversations
Enhanced communications for life. Revolutionize your professional & business effectiveness!
Database Marketing System
Keep in continual contact with your prospects and clients. Competitively priced for companies and professionals!
CPR For The Soul ...
Forget about trying to change yourself by creating "adding" resources to your strengths and gifts.
Sales Training Process
Learn how to find, identify, and sell to the people most likely to buy your products and services!
Marketing YOUR Professional Services...
unusual marketing strategies for attracting all the clients you can handle! |
© 2006 www.iBizResources.com
® All rights reserved
|
|
 |
Financial Back-to-School Basic for Mom and Dad
Read What Others Are Saying. Add Your Comments Too!
(ARA) - Each fall, millions of moms and dads spend countless hours purchasing back-to-school necessities for their children. While some parents equip their child with the latest gizmo -- a personal digital assistant (PDA) or cell phone, for example -- most know that “the basics” like paper, pencils and folders are essential learning tools to secure their children’s future.
Unfortunately, many parents ignore a simple financial back-to-school basic. They often buy the latest gadget for their kids but then fail to carry a critical component for their family’s future and their children’s education -- namely, adequate life insurance coverage.
“If a parent is worried about his or her child’s education, he or she should also worry about having the financial protection underpinning those plans that life insurance can offer,” says Todd Gillingham, JD, CLU, ChFC, a partner with Thrivent Financial for Lutherans. “Without adequate insurance protection, every parent’s best laid education plans will fall apart under the financial burden left on their surviving children.”
Regardless of your income or assets, life insurance is the key to protecting the financial future of your loved ones and “should be the foundation on which other goals are built,” says Gillingham.
Surveys show that roughly one-third of American adults have no life insurance protection and, of those with coverage, nearly one-third have coverage that is less than one time their annual income -- not nearly enough for long-term family protection. Four in 10 single parents have no life insurance coverage of any kind. Perhaps this is why the Life and Health Insurance Foundation for Education found that nearly half of Americans (48 percent) say they are worried that if they die tomorrow their loved ones would not be financially secure.
“Various funding vehicles such as 529 plans and Coverdell education accounts can often grab the headlines,” says Gillingham. “While these are important ways of saving, they can lead parents to mistakenly ignore their life insurance needs. Such an oversight can be financially devastating.”
Without the protection life insurance offers, financial security is often illusory. In the case of premature death, life insurance helps families pay for living expenses -- including mortgage and education payments -- when the income of a loved one is lost. Without this protection, the resulting financial stress frequently undermines all other goals.
Beyond daily expenses, life insurance protects against sharp reductions in future pension and social security payments by replacing assets cut short by premature death. For example, anticipated assets in an individual’s retirement plan may be reduced by 50 percent or more simply because the individual’s death interrupts the long-term growth of the assets within the individual’s plan. Business owners and those with significant assets also use life insurance to pass those assets to their children in a tax-efficient manner or as a vehicle for charitable gifts to nonprofit organizations. Without life insurance’s special tax privileges, many families would lose the family business or not be able to leave a lasting legacy to the cause or organization of their choosing.
“These benefits aside, the fundamental reason for life insurance remains the protection of your family and your financial programs,” says Thrivent Financial’s Gillingham. “Death often strikes when we don’t expect it, so goals that require continuing funding such as a child’s education are especially vulnerable to death’s effects.”
While shopping for school supplies this fall, remember this back-to-school lesson -- the essentials come first. Says Gillingham, “adequate life insurance is one back-to-school basic parents should simply not live without.”
To learn more, contact a financial services professional, or visit www.thrivent.com/insurance/life.
Courtesy of ARA Content
About the author:
Courtesy of ARA Content
By: ARA
Reader's Comments:
Warning: main(comment.php) [function.main]: failed to open stream: No such file or directory in /home/wdm/public_html/life_insurance/Financial_BacktoSchool_Basic_for_Mom_and_Dad.html on line 226
Warning: main(comment.php) [function.main]: failed to open stream: No such file or directory in /home/wdm/public_html/life_insurance/Financial_BacktoSchool_Basic_for_Mom_and_Dad.html on line 226
Warning: main() [function.include]: Failed opening 'comment.php' for inclusion (include_path='.:/usr/lib/php:/usr/local/lib/php') in /home/wdm/public_html/life_insurance/Financial_BacktoSchool_Basic_for_Mom_and_Dad.html on line 226
<< Back to More Articles
|
|
