Congratulations on graduating! This is a pivotal moment in life. Consider your options to set yourself up for success. Pivot.com extends free offers to students graduating from high school and college graduates. Please visit us at Offers.Pivot.com. We look forward to walking with you through Life's Pivotal Moments!
Friday, April 17, 2015
Tuesday, March 31, 2015
Graduation - One of Life's Pivotal Moments to Consider Your Future
Graduation is a Pivotal Moment. Life changes give us an opportunity to realize that current insurance coverage might not meet your needs - or that a lack of coverage may need to be remedied. Life insurance isn't just for established adults - it's for everyone who has responsibilities such as a car payment, mortgage or student loans. Purchasing life insurance and being fully insured is a great way to secure your financial future.
Graduation Pivotal Moments
As you enter the world of car payments and career changes, it's probable that you don't have life insurance. Your parents may have had a life insurance policy on your behalf, but as you graduate and enter the real world, it's time to insure yourself. Just as you pay for your own car or health insurance, life insurance can be something you purchase as well. Sometimes, your employer or health insurance provider may provide a life insurance option, which is often a great start. However, even if you have a life insurance policy provided through your employer, purchasing additional life insurance is a great idea. After all, when it comes to life insurance, you want a safety net that is big enough for every need you and your future family might have. So really, as you build a life for yourself, there are several life insurance questions you can consider. For example, you'll want to gather information about your current life insurance coverage, and if you don't have coverage, you'll want to consider if a life insurance policy is right for you. You may also want to take a look at any life insurance coverage you do have, whether it's through your parents, your employer, or your health plan. Determine if you have enough life insurance coverage to take care of your financial responsibilities if something were to happen to you. Just like you, your life insurance package will be unique. After all, do you need the same life insurance coverage as your downstairs neighbor, who owns her own business? Or do you need the same coverage as your college professor who has three children? Each person's life insurance need is different. So, as you consider what your life insurance needs are, you can work with an insurance professional who understands your situation and your future plans.
There are two primary types of policies, and you can typically personalize each type of life insurance policy based on your needs. Whole life insurance policies cover you from the time the policy is purchased until the end of the policyholder's life, regardless of age. The term life insurance policy is usually less expensive than permanent or whole life, but term plans only cover a specific time period - for example, from purchase to age 65. Term policies get increasingly more expensive with age, so most younger policyholders decide to purchase the longest term available to lock in the best monthly premium price possible.
The next thing to consider: How much life insurance is right for you? As we have already mentioned, each person's life insurance needs are unique. An industry rule of thumb you can consider as a baseline for your situation is that you should purchase enough life insurance to replace five to seven years of your salary at a minimum. However, you may have other financial obligations you're responsible for - such as the purchase of a new car or your first home. So, if your goal is for your family to have no financial concerns if something were to happen to you, you'll want to consult with a life insurance professional to determine the coverage that's right for you.
Many recent graduates may think that because they're on a tight budget, life insurance isn't an affordable option. As you consider your financial future, you will realize that you can not afford not to be covered. The younger you are when you buy your life insurance policy, the more affordable it often is. So waiting to make an important financial decision such as purchasing life insurance could cost you. Don't make a costly mistake by waiting to consider life insurance coverage. Investigating life insurance options now will likely surprise you with how affordable being covered can be.
Before buying any life insurance policy, research the company you're considering purchasing your policy from. Life insurance can be an emotional decision, but it's also a business transaction. You should work with a reliable company that has a track record of offering the best for their policyholders. One thing you can do, to be certain you're working with a reputable insurance company, is to check rating agencies. Standard and Poor's and A.M. Best, rate insurance companies on their claims paying abilities. There is more to consider then just price, when reviewing life insurance coverage. You want your insurance company to be there for you for the long term.
Life insurance is a serious decision, and considering options may take time. If you work with a life insurance professional who walks you through insurance industry terms, you will be able to make a smart decision that protects you and your future.
Life insurance is not a matter of if, it's when. Get an instant life insurance quote at Pivot.com. Our goal at Pivot is to provide you with the best life insurance policy to fit your specific family situation and financial goals. We want to be a partner that walks through all of Life's Pivotal Moments with you.
There are two primary types of policies, and you can typically personalize each type of life insurance policy based on your needs. Whole life insurance policies cover you from the time the policy is purchased until the end of the policyholder's life, regardless of age. The term life insurance policy is usually less expensive than permanent or whole life, but term plans only cover a specific time period - for example, from purchase to age 65. Term policies get increasingly more expensive with age, so most younger policyholders decide to purchase the longest term available to lock in the best monthly premium price possible.
The next thing to consider: How much life insurance is right for you? As we have already mentioned, each person's life insurance needs are unique. An industry rule of thumb you can consider as a baseline for your situation is that you should purchase enough life insurance to replace five to seven years of your salary at a minimum. However, you may have other financial obligations you're responsible for - such as the purchase of a new car or your first home. So, if your goal is for your family to have no financial concerns if something were to happen to you, you'll want to consult with a life insurance professional to determine the coverage that's right for you.
Many recent graduates may think that because they're on a tight budget, life insurance isn't an affordable option. As you consider your financial future, you will realize that you can not afford not to be covered. The younger you are when you buy your life insurance policy, the more affordable it often is. So waiting to make an important financial decision such as purchasing life insurance could cost you. Don't make a costly mistake by waiting to consider life insurance coverage. Investigating life insurance options now will likely surprise you with how affordable being covered can be.
Before buying any life insurance policy, research the company you're considering purchasing your policy from. Life insurance can be an emotional decision, but it's also a business transaction. You should work with a reliable company that has a track record of offering the best for their policyholders. One thing you can do, to be certain you're working with a reputable insurance company, is to check rating agencies. Standard and Poor's and A.M. Best, rate insurance companies on their claims paying abilities. There is more to consider then just price, when reviewing life insurance coverage. You want your insurance company to be there for you for the long term.
Life insurance is a serious decision, and considering options may take time. If you work with a life insurance professional who walks you through insurance industry terms, you will be able to make a smart decision that protects you and your future.
Life insurance is not a matter of if, it's when. Get an instant life insurance quote at Pivot.com. Our goal at Pivot is to provide you with the best life insurance policy to fit your specific family situation and financial goals. We want to be a partner that walks through all of Life's Pivotal Moments with you.
Friday, March 27, 2015
Planning for Retirement Savings with Life Insurance
Are you heading into retirement? Are you thinking about your savings, your family's well being? You may be considering places to retire on your current budget. When preparing for retirment, life insurance is important. It is something that you should consider regardless of where you are in the retirement process.
There are many times in life that should bring life insurance into focus. Buying your first home, having a baby, getting a promotion, and more are all life changes, or pivotal moments, that should make you wonder - Do I have the right kind of life insurance? Depending on the policy you had before and the changes you're undergoing, the life insurance coverage you have might not meet your family's current needs.
Life insurance can be a difficult topic to consider, and it may not seem as urgent as other things do when retirement is looming. However, determining your life insurance set up now will help you continue to build a promising future for your spouse and children, even after you retire. And if you have a life insurance policy provided to you by your employer, retirement is especially the right time to determine your life insurance policy basics and what you should have - and in many cases, additional life insurance is most likely necessary in order to have the best coverage available. After all the purpose of life insurance is to provide your family with a safety net that is big enough for every need your family might have.
So, who needs life insurance?
Do you have anyone relying on you? Do you have enough life insurance? There are different types of coverage to consider. You can buy these policies at any time, throughout your life.
Whole life insurance policies can also be borrowed against without taxation, so if you're investing funds prior to retirement, whole life insurance is a great option. Whole life insurance typically also involves some type of investment or money market account, which over time can increase the value of your life insurance policy.
On the other hand, term life insurance policies are less expensive, only cover a specific time period of time, such as from the time of purchase until the event of death or through a certain age. While term life insurance is a great way to cover your family at a lower cost, it's important to work with a life insurance professional to make sure you have the coverage you need and that you aren't under-insured. The type of life insurance that's right for you depends on your financial situation, your goals, your budget, and many other factors.
How do you determine the life insurance policy for you?
A typical industry standard is to purchase enough life insurance to replace five to seven years of your salary, however, many families plan for more than this depending on their lifestyle, the number of kids they have, the age of their children, if you have a mortgage, and much more. If you're retiring, you can use your average salary as a way yo estimate what five to seven years of income would be, but it's best to work with a life insurance professional to make sure you have all your bases covered.It's also important to note that not all life insurance providers are created equally.
When you're comparing two different life insurance policies and contemplating which to purchase, you may think you're comparing apples to apples - but that may not be the case. Working with a life insurance specialist will help you examine all your options and understand your choice on a deep level.
Life insurance isn't something to be taken lightly, especially as you near retirement. Give yourself peace of mind by selecting life insurance that fits you and your family. Then, you can enjoy your retirement knowing that your family's future is secure.
There are many times in life that should bring life insurance into focus. Buying your first home, having a baby, getting a promotion, and more are all life changes, or pivotal moments, that should make you wonder - Do I have the right kind of life insurance? Depending on the policy you had before and the changes you're undergoing, the life insurance coverage you have might not meet your family's current needs.
So, who needs life insurance?
Do you have anyone relying on you? Do you have enough life insurance? There are different types of coverage to consider. You can buy these policies at any time, throughout your life.
Whole life insurance policies can also be borrowed against without taxation, so if you're investing funds prior to retirement, whole life insurance is a great option. Whole life insurance typically also involves some type of investment or money market account, which over time can increase the value of your life insurance policy.
On the other hand, term life insurance policies are less expensive, only cover a specific time period of time, such as from the time of purchase until the event of death or through a certain age. While term life insurance is a great way to cover your family at a lower cost, it's important to work with a life insurance professional to make sure you have the coverage you need and that you aren't under-insured. The type of life insurance that's right for you depends on your financial situation, your goals, your budget, and many other factors.
How do you determine the life insurance policy for you?
A typical industry standard is to purchase enough life insurance to replace five to seven years of your salary, however, many families plan for more than this depending on their lifestyle, the number of kids they have, the age of their children, if you have a mortgage, and much more. If you're retiring, you can use your average salary as a way yo estimate what five to seven years of income would be, but it's best to work with a life insurance professional to make sure you have all your bases covered.It's also important to note that not all life insurance providers are created equally.
When you're comparing two different life insurance policies and contemplating which to purchase, you may think you're comparing apples to apples - but that may not be the case. Working with a life insurance specialist will help you examine all your options and understand your choice on a deep level.
Life insurance isn't something to be taken lightly, especially as you near retirement. Give yourself peace of mind by selecting life insurance that fits you and your family. Then, you can enjoy your retirement knowing that your family's future is secure.
Monday, March 2, 2015
Retirement Planning Bucketlist: 25 Things to Do Before You Retire
Planning for retirement? Your bucketlist:
25 Things to Do Before Your Retire
1. Eliminate Debt
Your retirement savings should be used for everyday living expenses. Of course, you should also have some set aside for emergencies But this will be difficult if you're still paying off debt. As soon as possible, obtain a copy of your credit report and take a detailed look at each account. If you still owe on accounts, make arrangements with your creditors to satisfy the balance. Take care of the accounts with the highest interest rates first, then work your way down the list.
2. Pay Off Your Mortgage
Getting rid of mortgage debt should be high on your retirement bucketlist. This is often the debt with the lowest interest rate, so you should tackle this after you've paid off items like credit cards. Retirement will likely be more enjoyable when you can live in your home without having to worry about a monthly mortgage payment.
3.Get Term Life Insurance
Take out a life insurance policy before you retire. Choose a policy with the longest term, so you can be sure you and your family are covered for an extended period of time, even if you unfortunately pass away. At the end of your term, talk to your insurance provider about the adjustment in your terms or conditions.
4.Think About Long-Term Care Insurance
It may be best to take out more than one term life insurance policy. This is so important to have in place in the event that you need long-term care at home or in a nursing home. Medical costs can definitely add up for your family, and you don't want to put a strain on your retirement finances or burden your loved ones.
5.Consider Moving
Make your retirement comfortable by moving into a new home. It may be a good idea to add this to your retirement checklist if you have a large home, but your children have moved out. You may choose to downsize to cut down on home-related costs. Or, you can select a one-story home so it will be easier for you to get around in your house.
6.Get a Variable Annuity
This financial tool can make planning for retirement much easier. It provides you with an additional source of income, and you won't have to worry about immediate annuitization when you retire.
7.Plan Your Estate
No one likes the idea of putting together a will, but this should definitely be on your retirement bucketlst. Make sure you know how your assets are organized, and clearly dictate which relatives will handle your affairs or take over your property and valuable goods when you pass away.
8.Create A College Fund
Retirement planning is much easier when your children's college education is taken care of. Start a college fund when your kids are small, so by the time they graduate from high school, you'll have the funds to take care of all or at least a good portion of their education without getting into debt at retirement.
9.See A Financial Planner
Meet with a financial planner years before you plan to retire. You may learn about profitable investments and get pointers for spending a saving your money wisely. This can reduce the likelihood that you'll go into debt when you retire.
10.Create A Budget
Even though you probably know how much is in your IRA or 401K, it's best to create a structured retirement budget. This keeps you from overspending and helps you plan for vacations so you can enjoy your retirement.
11.Get Rid of Student Loans
As you're saving for your children's college education, make sure you've paid your student loans off by the time you retire. This is often a major debt that can loom over you for years, so begin the repayment process as soon as you can.
12.Survey the Job Market
If you're not sure whether you want to retire in your current career, take a look at the job market as part of your retirement bucketlist. If you're a few years from retirement, you may want to switch to a more rewarding career. If opportunities are scarce, it's best to stay in your current position so you can retire in a time frame that works for you.
13.Work Part-Time
Retirement doesn't mean that you sit home all day. Your current employer may be open to you working on contract of part-time. Or, look for other part-time opportunities that interest you. This can help you bring in extra income while helping you to be productive.
14.Improve Your Health
Getting your health in order is essential for your retirement. Start eating better and exercising
15.Plan Your Adventures
If you want to engage in international travel or make business investments, plan these things out before retirement. This helps you organize your finances and your time so you can carry out your plans successfully.
16. Review Your Financial Plan
Even if you've already devised a plan for your finances, review it often before retirement. Things can change quickly due to life events, and you want to make sure you're as prepared as possible.
17. Retirement Savings Budget
Give as much as you can to your retirement savings account. Remember, this will be your income one day, and you don't want to limit your retirement adventures due to poor financial planning.
18. Take Up New Hobbies
Years before retirement, engage in hobbies you're interested in. This keeps you from feeling bored and restless once you're no longer working and helps to enhance your mind and health.
19. Invest In Your Relationships
Once you retire, you'll be spending a lot more time with your spouse, friends and relatives. Invest in these relationships now, so that your retirement will be a fulfilling experience for everyone.
20. Work Hard and Smart
Give your best to your career and go after all the achievements you want. When you retire, you want to know that you've truly had a full and satisfying professional life. This makes retirement much more rewarding.
21. Apply for Social Security
In addition to your retirement savings, Social Security can provide the financial assistance you need to pay bills or take care of health-related costs.
22. Reduce TaxesYou may want to consider switching your 401Ks to Roth IRAs, since this account allows you to withdraw your money without taxation. Taxes can definitely add up, and you want to keep as much of your income as possible.
23. Review Your Health Care Plan
Upon retirement, you may need more or less coverage. Well before you retire, take a look at your health care policy to make sure you're properly covered.
24. Experience the Finer Things
Splurge every once in a while. Eat a gourmet meal or stay in a four-star hotel. While saving is important, you should get a taste of the great things you want to do when you retire.
25. Take Pictures
Finally, take lots of pictures. Chronicle your life so you'll have beautiful images to look through once you retire.
Thursday, February 12, 2015
Monday, February 9, 2015
Love Stories - Top 25 Questions to Ask Your Fiancé
Getting married? Download Top 25 Things to Ask Your Fiancé before you get married!
Thursday, January 29, 2015
Getting Married Top 10 to Dos!
Congratulations on your engagement! Getting married is one of Life's Pivotal Moments.
You have a great adventure in front of you! Pivot would like to extend an engagement gift to you: Get the Top 10 Things to Do Before Your I Dos today to start your marriage off on the right track.
You have a great adventure in front of you! Pivot would like to extend an engagement gift to you: Get the Top 10 Things to Do Before Your I Dos today to start your marriage off on the right track.
Tuesday, January 13, 2015
What Does Life Insurance Have to do With the Cost of Raising a Child?
It's no secret that raising a family is expensive but what does that have to do with life insurance? Plenty actually, but we will get to that shortly.
A recent US Department of Education annual report on the subject found that a middle-income family raising a child born in 2014 can expect to spend about $241,080 over the next 17 years, that's for one child. Given that the average family has 2.01 children, you can double(or more)that figure),sticker shock to be sure. Though these costs can vary based on a child's geographic location and family income, it's a very good estimate.
This kind of realistic information regarding the long term costs associated with raising a family can be helpful when thinking about how much term life insurance you need. It's best to talk with a knowledgeable life insurance marketplace specialist from a reputable company to decide what best meets your needs but in general, your life insurance need is determined as some multiple of your annual income. 15-20 times is generally a good starting point. While this is a good starting point, knowledge us power and knowing the approximate costs associated with a mortgage, heath care, child care and education can get you closer to the amount of life insurance coverage you would truly need to ensure that your family is well taken care of should the unthinkable happen. .
Raising a family is a wonderful ,sometimes challenging and as we've seen, expensive adventure. Make sure you've taken steps to secure your family's future for the ride.
A recent US Department of Education annual report on the subject found that a middle-income family raising a child born in 2014 can expect to spend about $241,080 over the next 17 years, that's for one child. Given that the average family has 2.01 children, you can double(or more)that figure),sticker shock to be sure. Though these costs can vary based on a child's geographic location and family income, it's a very good estimate.
This kind of realistic information regarding the long term costs associated with raising a family can be helpful when thinking about how much term life insurance you need. It's best to talk with a knowledgeable life insurance marketplace specialist from a reputable company to decide what best meets your needs but in general, your life insurance need is determined as some multiple of your annual income. 15-20 times is generally a good starting point. While this is a good starting point, knowledge us power and knowing the approximate costs associated with a mortgage, heath care, child care and education can get you closer to the amount of life insurance coverage you would truly need to ensure that your family is well taken care of should the unthinkable happen. .
Raising a family is a wonderful ,sometimes challenging and as we've seen, expensive adventure. Make sure you've taken steps to secure your family's future for the ride.
Tuesday, January 6, 2015
Planning Early for Retirement with Life Insurance and Savings Provides Big Benefits
You are young, just out of a college maybe a few years into your career and feeling like you have all the time in the world. Prepare for retirement? The reasons why you might feel that way are numerous. Maybe, you feel like you are just too young, or maybe you feel you can't afford life insurance or to save money every month . Common concerns and sentiments to be sure but the fact is, the earlier you start the easier planning for retirement the easier and less stressful it will be.
If you have an employer sponsored 401k,that's a great place to start. A 401k with matching funds provided by your employer, even better! Another advantage that most people who are just starting out have are low taxes. If you are just beginning your career and expect to climb tax brackets as time goes on, this is a great time to put some after-tax money into a Roth IRA. Money in a Roth grows tax-free and is typically not taxed when you take distributions. Pay taxes today for the right to avoid high, and potentially very high taxes in the future. If your employer has a Roth 401k, invest there. The plan is like any other Roth IRA save for the fact that contributions are withdrawn from your after-tax paycheck.
If you don't have a 401k through an employer but have money to invest (graduation gift, wedding present,inheritance, etc.) start with a Roth IRA through respected brokerage or financial institution offering low-fee investments. If you are working as a freelancer or consultant, basically anything where you receive a 1099,looking into a self-employed IRA, which provides benefits where taxes are concerned.
Another key piece to the retirement puzzle is the right life insurance policy. As with the 401K ,IRA or saving in general,where life insurance is concerned, your youth is on your side. The earlier you get life insurance in place, the more comprehensive, and less expensive it will be.
Life insurance underwriters use a laundry list of criteria in the life insurance application process. Many of these factors include health and wellness issues. Simply stated the younger you are the less likely you are to suffer from serious medical issues or have symptoms of serious issues such as high cholesterol, high blood pressure or even insulin resistance. Putting a policy in place while you are young ensures that you are more likely to get the coverage you want.
At the end of the day, no matter how old(or young) you are, if you aren't already saving and planning, now is the time to start! Time is indeed on your side, but you have to take advantage of it. Planning for the future now can save you a great deal of money and provide serious peace of mind.
Friday, December 26, 2014
Celebrating New Year Traditions with Healthy Holiday Recipes - From Our PivotCare Team Family to Yours!
These healthy holiday dessert recipes will keep your family happy and healthy this holiday season! Start your new year out right and keep your new year resolutions on track! Enjoy this free holiday dessert recipes download from our PivotCare Team Family to Yours! Happy Holidays!
Celebrate healthy family holiday traditions with Pivot.com - Download new healthy holiday desserts and holiday ideas to share with your family this holiday season. Enjoy gluten free, delicious and indulgent options to choose from. Find gluten free gingerbread, decadent chocolate cupcakes, dairy free eggnog, healthy desserts for everyone!
From our family to yours, Happy Holidays!
Pivot - Your Life Insurance Marketplace
Celebrate healthy family holiday traditions with Pivot.com - Download new healthy holiday desserts and holiday ideas to share with your family this holiday season. Enjoy gluten free, delicious and indulgent options to choose from. Find gluten free gingerbread, decadent chocolate cupcakes, dairy free eggnog, healthy desserts for everyone!
From our family to yours, Happy Holidays!
Pivot - Your Life Insurance Marketplace
Tuesday, December 16, 2014
Having A Baby? Don't Put Off Decisions About Life Insurance
Becoming a parent is one of the most exciting and life changing experiences couples and individuals have. As your baby's due date approaches, think past all the tiny clothes,nursery decor,baby showers,bottles and baby gear,and give some thought to securing your new baby's future with life insurance.
Many people don't ever think about the need for life insurance before having a baby. There are many reasons for this,maybe you are single and no one else is depending on you, or perhaps your spouse earns as much as or more than you and would be fine should something happen to you. No matter why you've put off life insurance,bringing a child into the equation changes everything. Securing life insurance can be an important piece of being a responsible parent.
First, your baby is depending on you for everything,food,clothing,love and financial support. It’s going to be a long time until your child grows up and is financially independent. If tragedy were to strike and you were unable to be there to provide, could your family get by? A life insurance policy can help make sure that there would be enough money coming in even if something happens to you.
Second, your household may be transitioning if you or your spouse is planning to stop working and stay at home with the baby. You may be getting by on only one income instead of two, making it even more important for the working parent to take out a life insurance policy. If something should happen to the working parent, the surviving parent and your child would still have an income.
Starting a family gives your life a whole new meaning. Do your best to be prepare for the unexpected by securing life insurance that will help protect your child should something happen to you.
Friday, December 12, 2014
Raising a Happy Family with Healthy Holiday Dessert Recipes
Happy Holidays! Celebrate healthy family holiday traditions with Pivot.com - Download new healthy holiday desserts and holiday ideas to share with your family this holiday season. Download gluten free, delicious and indulgent options to choose from. Find holiday dessert recipes like gluten free gingerbread, decadent chocolate cupcakes, dairy free eggnog, healthy desserts for everyone! From our family to yours, Happy Holidays! www.Pivot.com - Your Life Insurance Marketplace
Tuesday, December 2, 2014
Starting A New Chapter-Life Insurance After Graduation
If you’re headed toward graduation, life insurance may not be the first thing you think about as you leave college for the real world. There are so many things that cross your mind when you’re about to be on your own. Not only do you have to find a job, an apartment, and more - you also have to start paying your own bills and learning how to manage your finances. However, graduation is one of those times to begin thinking about life insurance .
Life changes, or Pivotal Moments, give us an opportunity to realize that current insurance coverage might not meet your needs - or that a lack of coverage may need to be remedied. Life insurance isn’t just for established adults - it’s for everyone who has responsibilities such as a car payment, mortgage or student loans. Purchasing life insurance and being fully insured is a great way to secure your financial future.
As you enter the world of car payments and career changes, it’s probable that you don’t have life insurance. Your parents may have had a life insurance policy on your behalf, but as you graduate and enter the real world, it’s time to insure yourself. Just as you pay for your own car or health insurance, life insurance can be something you purchase as well. Sometimes, your employer or health insurance provider may provide a life insurance option, which is often a great start. However, even if you have a life insurance policy provided through your employer, purchasing additional life insurance is a great idea. After all, when it comes to life insurance, you want a safety net that is big enough for every need you and your future family might have. So really, as you build a life for yourself, there are several life insurance questions you can consider. For example, you’ll want to gather information about your current life insurance coverage, and if you don’t have coverage, you’ll want to consider if a life insurance policy is right for you. You may also want to take a look at any life insurance coverage you do have, whether it’s through your parents, your employer, or your health plan. Then, determine if you have enough life insurance coverage to take care of your financial responsibilities if something were to happen to you.
Just like you, your life insurance package will be unique. After all, do you need the same life insurance coverage as your downstairs neighbor, who owns her own business? Or do you need the same coverage as your college professor who has three children? The answer is, of course not. Each person’s life insurance need is different! So, as you consider what your life insurance needs are, you can work with a PivotCare team life insurance professional who understands your situation and your future plans.
There are some basic elements that are important for you to know. For example, there are two primary types of policies, and you can typically personalize each type of life insurance policy based on your needs. Permanent life insurance policies cover you from the time the policy is purchased until the end of the policyholder’s life, regardless of age. Term life insurance policies are usually less expensive than permanent life insurance policies, but term plans only cover a specific time period - for example, from purchase to age 65. Something to keep in mind for new college graduates is that term policies get increasingly more expensive with age, so most younger policyholders decide to purchase the longest term available to lock in the best monthly premium price possible.
The next thing to consider: How much life insurance is right for you? As we have already mentioned, each person’s life insurance needs are unique. An industry rule of thumb you can consider as a baseline for your situation is that you should purchase enough life insurance to replace five to seven years of your salary at a minimum. However, you may have other financial obligations you’re responsible for - such as the purchase of a new car or your first home. So, if your goal is for your family to have no financial concerns if something were to happen to you, you’ll want to consult with a PivotCare team life insurance professional to determine the coverage that’s right for you. (Place link to insurance calculator here).
Many recent graduates may think that because they’re on a tight budget, life insurance isn’t an affordable option. It may sounds cliché, but you can’t afford not to be covered. Securing your financial future is something that can never be put on the back burner. Plus, the younger you are when you buy your life insurance policy, the more affordable it often is. So waiting to make an important financial decision such as purchasing life insurance could cost you. Don’t make a costly mistake by waiting to consider life insurance coverage. Investigating life insurance options now will likely surprise you with how affordable being covered can be.
Before buying any life insurance policy, research the company you’re considering purchasing your policy from. Life insurance can be an emotional decision, but it’s also a business transaction. You should work with a reliable company that has a track record of offering the best for their policyholders. One thing you can do to be certain you’re working with a reputable firm is to check rating agencies such as Standard and Poor’s and A.M. Best, which rate insurance companies regarding their claims paying abilities. After all, there’s more to life insurance coverage than just having the best price. You want your life insurance company to be there for you for the long term.
Most importantly, when you consider the specific coverage that’s right for you, you can call our PivotCare team and work with a life insurance professional who you can trust, and who gets what you want out of life. Life insurance may be a serious decision, and it can intimidate people too - but it shouldn’t! If you work with a PivotCare team life insurance professional who explains things to you in terms you can understand, you will be able to make a smart decision that gives you extra security, now and into the future.
Tuesday, November 25, 2014
We Don't Have Children - Do We Really Need Life Insurance?
Tens of millions of American's have no life insurance. The economy is likely partly to blame but some, like married couples who don't have children, are lacking insurance because they believe there is no need for them to have it.
The simplest way to decide if you need life insurance is to consider whether anyone would suffer financially, if you passed away. There is always the possibility that you might not need life insurance if both you and your partner are employed full time and have no dependents or financial obligations from previous relationships. If one of you were to died, the other may have no issue meeting all of his or her financial obligations. Having said that, there are many reasons why a couple, even one without children, should think about having life insurance . A few examples are outlined below.
1. Buying a house that requires both of your incomes, is generally a bad financial decision but if that is your reality,having a policy that would pay off your mortgage is a smart idea. Dealing with the death of a spouse is hard enough without the added pressure of financial stress and tough decisions regarding the surviving spouse's ability to stay in his or her home.
2. Debt, credit card or otherwise is another reason to consider life insurance. Just because some debts are in spouse’s name does not necessarily absolve the other from the responsibility for that debt. In a community property state, a spouse’s debts incurred after getting married may be the responsibility of the other spouse as well; state laws vary. In states not governed by community property law, many creditors will write off the debts of a deceased person when he or she held the credit card in his or her name only, but not always.
3. Lack of savings is a big reason to consider life insurance. You may want enough life insurance to cover funeral and other final expenses and if you don't have that money in savings when and if something happens, you will be truly glad you thought ahead and had coverage in place..
4. Protection against future non-insurability can be avoided by purchasing a life insurance policy sooner rather than later. If you developed some type of illness while you did not have life insurance, you may not be able to get a policy. Buying a policy while you’re healthy prevents this from happening.
5. Premiums for life insurance will typically go up as you get older. Buy policies now, and you’ll lock in the lower cost. Of course, you’ll also pay premiums for a longer period of time. You have to weigh the pros and cons.
There are many reasons to consider life insurance as a married couple, whether you have children or not. Contact a Pivot Life Insurance Marketplace specialist to find out what's right for you.
Tuesday, November 18, 2014
Healthy Thanksgiving Recipes From Our PivotCare Team Family to Yours
Healthy and Easy Recipes Your Family will Love!
Thanksgiving is a wonderful time of year to gather with
family and friends and remember what is really important in life. Giving thanks and expressing gratitude for the relationships that nurture
us, our good health and our happiness is essential. Beyond that, Thanksgiving would not be
Thanksgiving without family traditions and our favorite recipes.
The PivotCare Team would like to share some of our favorite
family recipes with you! Happy
Thanksgiving!
Turkey, dressing, potatoes, pumpkin pie, the list could go on and on. Almost everyone has a dish they need to make their Thanksgiving complete. The PivotCare Team is excited to share their must-haves with you.
Ken Buccico’s Pumpkin Mousse
2 quarts of milk
4 packages of instant sugar free vanilla pudding
2 containers of fat free cool whip
2 cans of pumpkin
2 tsp. of pumpkin spice or to taste
Mix the milk and pudding as usual until it is firm Add the 2 cans of pumpkin mix, add the cool whip and mix. Add the pumpkin spice to taste and a drop or two of vanilla. Enjoy!!
Subscribe to:
Posts (Atom)