You’ve worked hard to save for a comfortable and fulfilling retirement — preparing both financially and emotionally for that stage in life. But, what if a long-term illness or injury before retirement keeps you from working — for several months, a year or longer? Not being able to work could have a significant impact on: • Your retirement contributions• Your employer’s contributions. Fortunately, DI Retirement Security can help make sure you don’t have to “downsize” your retirement plans. Now Disability Insurance to complete your Retirement Plan. Call my office at 215-886-2122, lets talk about the completion of your retirement plan.
No Financial Plan Is Complete Without Risk Management. Do You Have Questions About Your Life Insurance Needs? Call my office at 215-886-2122, We Can Help You With Answers.
- It’s too expensive. Concern over cost is one of the most common reasons people give for forgoing life insurance. And that’s too bad when you consider that many people overestimate the cost of life insurance. That includes Millennials: As a guide, a healthy 30-year-old can get a $250,000 20-year level term life insurance policy for about $13 a month.
- I don’t have any kids. Does your spouse or partner depend on your paycheck to help pay for living expenses? Or do you have a sick parent or relative who would need to hire a caretaker if you weren’t around? These are just a few of the (many) reasons to consider life insurance if you’re childless.
- I’m too young and healthy to worry about life insurance. No one is invincible or knows what tomorrow may bring. If anyone depends on you to make ends meet, you’ll want to consider life insurance. Plus, young and healthy people tend to get great rates–and can often lock in coverage in case their health takes a turn for the worse later in life.
- I’m too old to need life insurance. We all know age is just a number, and that’s certainly the case when someone would face a financial hit without you in the picture.
- My health isn’t great. There are lots of life insurance options for anyone in less than optimal health, so don’t assume you can’t get coverage if you have diabetes or high blood pressure, for example. The key is typically to have the condition under control with a physician’s guidance and medication if needed.
- I smoke. There are many companies that offer life insurance for smokers–just know that you’ll end up paying more than nonsmokers.
- I don’t work outside of the house. Whether you’re caring for young children or aging parents (or both!), you provide invaluable services that would be expensive to replace. Life insurance can help ensure the ones you leave behind get the care they need.
- I don’t have the time to get coverage. These days, it’s easy to get a quote, all you need do is call our office and most applications are e-signed. And there are even policies out there that don’t mandate a medical exam, often called simplified underwriting.
- I don’t know what kind of coverage I need or how much. That’s what four in 10 people give as an excuse, according to the Barometer Study. Our office is glad to sit down with you or have a phone conversation and explain your options.
Give our office a call to discuss your Life Insurance needs at 215-886-2122.
Michael L. Schwartz, RFC®, CWS®, CFS, a registered principal offering securities and advisory services through Independent Financial
Group, LLC., A Registered Broker/Dealer and R visor,
Member FINRA-SIPC. Schwartz Financial and Independent
Financial Group, LLC are separate entities.
Does your life insurance policy offer this benefit at no additional cost:
How the Rider Works
A portion of your policy death benefit may be paid to help you and your family cope with the strain of a chronic illness if a U.S. licensed healthcare practitioner who is not the insured, policyholder, beneficiary or relative thereof, has certified in the last 12 months that the insured:
- is unable to perform two of the six recognized activities of daily living (bathing, continence, dressing, eating, toileting, and transferring)without substantial assistance for a period of at least 90 consecutive days, or;
- has a severe cognitive impairment that requires substantial supervision by another person to protect the insured from threats to health and safety for a period of at least 90 consecutive days
To receive benefits under the rider, the healthcare practitioner must also certify that continuous care in an eligible facility or at home is expected to be required for the remainder of the insured’s life.
Want to do a Life Insurance Review give our office a call at 215-886-2122.