Happy October!! Fall is in the Air!
Nothing about life insurance is "One Size Fits All". Customization is key. Whether you are looking for a custom pair of jeans or ordering your morning coffee, you want options.
You should not expect anything less when it comes to financial security.
The choice is simple and it is HERE at All Risk Insurance Solutions!
Insurance is the cheapest way to protect those that are important to you from financial loss. In the state of NV, your employer may only provide a maximum of three days off from work if a family member dies. Could you go back to work if you lost a family member after 3 days? Bereavement leave refers to the time an employee takes away from work as a result of the death of a family member or loved one.
The COVID-19’s pandemic has brought us face-to-face with our vulnerabilities and possible long-term effects and risks to all age groups. COVID-19 enlightens the important of how life insurance can protect your family's future.
COVID-19 gives reason to worry about not being insurable because of some potential health issues they may develop later in life. It is best to get life insurance while you have no illness prevalent inside your body.
Jim and Bonnie Grant, Licensed Insurance Agents
223 South Water Street, Suite B, Henderson, NV 89015
Call us for an Quote at (702) 541-0882
Life insurance is about taking care of loved ones. It’s about meeting responsibilities and keeping promises. You view your decision to purchase life insurance from your family's point of view, not your own. You see life insurance is a tool that protects your spouse and children from the potentially devastating financial losses that can result if you die prematurely.
Life insurance is for the living. It's not about you. Your life insurance is invested in is in place to protect and provide financial relief for those who must carry on without you. It’s about them.
Life insurance is an expression of love and caring. Because you care about your family, you want to ensure the financial security of family members if you’re suddenly not around to provide it.
Should you die, the proceeds will help you keep the promises you have made to the people who are important to you.
By protecting their financial future, you’re enabling your loved ones to maintain their lifestyle, if something unexpected should happen to you.
Life insurance buys time and options.
Life Insurance prevents you from having to:
Too often, when an income earner dies, survivors are forced to make tough, dramatic decisions—and to do so quickly. They have to make the decisions at a time when they may not be emotionally in a position to make good choices. Life insurance gives survivors a chance to adjust over time rather than having to move to a downsized home or find a new job right away.
Your life insurance gives your family choices by providing the benefits to help pay off debts, to help meet housing payments and ongoing living expenses, to help fund college educations for your children or grandchildren, and much, much more.
What is at stake if a family loses the breadwinner after a tragic death or debilitating disease? How will the bills get paid?
What would happen to a parent if their child dies after an accident? Will you be able to go back to work the next day? If not, how will the bills get get paid?
Reality is Real.
We all want our kids to live long, healthy lives... Child life insurance covers the life of a minor and is typically purchased by a parent or grandparent.
A life insurance policy for a child is a contract with an insurance company. Premiums are paid (typically monthly or annually) in return for the promise that the insurance company will pay a death benefit if the child dies.
The younger your child is when you buy a policy, the cheaper it will be. Premiums tend to be guaranteed, so they won’t increase over time.
It guarantees insurability. The biggest selling point of a life insurance policy for a child is that you’re guaranteeing that your child will have coverage even if he or she develops a health condition later in life. Plus, insurers often offer riders (at an additional cost) that will allow you or your child to purchase more coverage in the future without having to go through a medical exam or proving insurability.
It allows you to lock in a low rate. You’ll never get a lower rate on life insurance than when a child is a newborn. Rates will increase with each year of life. Of course, you or your child will be paying premiums over a longer period of time. The monthly rate is lower today than it will be at the next age.
It provides funds for funeral expenses. The chances of a child dying are low, so funeral costs are not a good reason to buy life insurance on a child. But if that happens, a life insurance policy will provide funds to help cover the cost of final expenses. It also could allow the family to afford to take time off from work to mourn the loss of a child.
Learn more about this type of life insurance, and find out if it’s the right choice for your family.
If you don't have life insurance, all expenses of the household becomes the deductible!
Let me lay this out. You are the breadwinner. Your spouse stays home with the kids. Let's say something happens to your spouse. Who is going to take the kids to soccer practice? Who is going to stay with the kids after school?
If something happens to your spouse, life insurance can fill that void. The kids may need a nanny or you could incorporate day care. The life insurance money will help with the expenses. Day care can cost $300 a week. A properly structured life insurance policy will make sure your kids go to college and soccer or football, etc.
On the other hand, let's say someone runs a red light and T-bones you and you die. You are the breadwinner of the family. You never make it home. Even if your spouse works, will they be able to totally take care of ALL of the expenses that both of you paid together?
Term Insurance is the simplest form of life insurance. It pays only if death occurs during the term of the policy, which is usually from one to 30 years. Most term policies have no other benefit provisions.
There are two basic types of term life insurance policies: level term and decreasing term.
Term insurance comes in two basic varieties—level term and decreasing term. These days, almost everyone buys level term insurance. The terms “level” and “decreasing” refer to the death benefit amount during the term of the policy.
A level term policy pays the same benefit amount if death occurs at any point during the term.
Yearly renewable term, once popular, is no longer a top seller. The most popular type is now 20-year term. Most companies will not sell term insurance to an applicant for a term that ends past his or her 80th birthday.
If a policy is “renewable,” that means it continues in force for an additional term or terms, up to a specified age, even if the health of the insured (or other factors) would cause him or her to be rejected if he or she applied for a new life insurance policy.
Generally, the premium for the policy is based on the insured person’s age and health at the policy’s start, and the premium remains the same (level) for the length of the term. So, premiums for 5-year renewable term can be level for 5 years, then to a new rate reflecting the new age of the insured, and so on every five years. Some longer term policies will guarantee that the premium will not increase during the term; others don’t make that guarantee, enabling the insurance company to raise the rate during the policy’s term.
Some term policies are convertible. This means that the policies owner has the right to change it into a permanent type of life insurance without additional evidence of insurability.
In most types of term insurance, including homeowners and auto insurance, if you haven’t had a claim under the policy by the time it expires, you get no refund of the premium. Your premium bought the protection that you had but didn’t need, and you’ve received fair value.
Some term life insurance consumers have been unhappy at this outcome, so some insurers have created term life with a “return of premium” feature. The premiums for the insurance with this feature are often significantly higher than for policies without it, and they generally require that you keep the policy in force to its term or else you forfeit the return of premium benefit. Some policies will return the base premium but not the extra premium (for the return benefit), and others will return both.
Whole life or permanent insurance pays a death benefit whenever you die—even if you live to 100! There are three major types of whole life or permanent life insurance—traditional whole life, universal life, and variable universal life, and there are variations within each type.
In the case of traditional whole life, both the death benefit and the premium are designed to stay the same (level) throughout the life of the policy. The cost per $1,000 of benefit increases as the insured person ages, and it obviously gets very high when the insured lives to 80 and beyond. The insurance company could charge a premium that increases each year, but that would make it very hard for most people to afford life insurance at advanced ages. So the company keeps the premium level by charging a premium that, in the early years, is higher than what’s needed to pay claims, investing that money, and then using it to supplement the level premium to help pay the cost of life insurance for older people.
By law, when these “overpayments” reach a certain amount, they must be available to the policyholder as a cash value if he or she decides not to continue with the original plan. The cash value is an alternative, not an additional, benefit under the policy.
In the 1970s and 1980s, life insurance companies introduced two variations on the traditional whole life product—universal life insurance and variable universal life insurance.
This is the most common type of permanent insurance policy. It offers a death benefit along with a savings account. If you pick this type of life insurance policy, you are agreeing to pay a certain amount in premiums on a regular basis for a specific death benefit. The savings element would grow based on dividends the company pays to you.
This type of policy offers you more flexibility than whole life insurance. You may be able to increase the death benefit, if you pass a medical examination. The savings vehicle (called a cash value account) generally earns a money market rate of interest. After money has accumulated in your account, you will also have the option of altering your premium payments – providing there is enough money in your account to cover the costs. This can be a useful feature if your economic situation has suddenly changed. However, you would need to keep in mind that if you stop or reduce your premiums and the saving accumulation gets used up, the policy might lapse and your life insurance coverage will end. You should check with your agent before deciding not to make premium payments for extended periods because you might not have enough cash value to pay the monthly charges to prevent a policy lapse.
When Life insurance is planned and properly structured and in force, these problems can be alleviated at least somewhat. Many ask me how much is life insurance. If you buy when you are young, it is the cheapest it will ever be. As your life changes or as more debt is acquired, life insurance policies may be step-laddered to create several levels of protection for those that are important to you.
Every year you are alive, life insurance gets more expensive. You are older!
It is better to get it today because you will age.
Life insurance is based on your health at the time of issue.
Will your health always be the way it is today? The COVID-19 pandemic has been a wake-up call for many about the need for life insurance.
Your family is precious to you. Protect their future and keep it bright with life insurance protection. Call (702) 541-0882 to get a quote. We can give a quote over the phone but I will tell you that getting life insurance is a personal matter. Let's do it right and in person. I will set a special appointment to meet with you personally. Bonnie
If something happened to you unexpectedly,
The reasons behind buying life insurance can be difficult to think about. It can be as simple as making a decision to protect the future of the ones you love just in case the unforeseen happens. It would provide the money to fulfil the goals.
I came across this true story many years ago. I updated it to include more benefits that are important.
I fulfill many promises.
I help man see visions, dream dreams, and achieve economic immortality.
I am education for children.
I am savings during hard times in life.
I help my business when I need to grow NOW.
I am also property that can increase in value from year-to-year.
I lend money when you need it most with no questions asked.
I pay off mortgages so that the family can remain together in its own home.
I assure fathers the daring to live and the moral right to die.
I can show what flexibility really is.
I create, manage, and distribute property.
I guarantee the continuity of my business....
I take care of my family, vs. the lawyers and the Internal Revenue Service.
I protect the jobs of employees in case something happens to me--the boss.
I help my employees' family move on and live.
I conserve the employer’s investment.
I provide cash if illness, injury, old age, or death cuts off my income.
I am a certificate of character, an evidence of good citizenship, and unimpeachable title to the right of self-government.
It prevents me from having to move in with my parents or my kids.
I am protected by the laws that prevent creditors from assessing the money I give to your loved ones.
I bring dignity, peace of mind, and security to latter years of life.
I am here for those you love.
Sincerely, Your Life Insurance Policy
from Insurance Splash
She is only 7 years old, and she’s bewildered. Her daddy died a few months ago, and the world has been different ever since.
She used to come running home from school, eager to tell her mother all of the excitement of life in the second grade. Now she goes reluctantly to the elderly woman who “keeps” her until her mother gets home from work.
She used to have a new spring outfit every year. This year her mother let the hem out of last year’s dress, and cried when she found she had to buy her a new spring coat.
She used to go downtown with her parents every Saturday. First, they would go to the library, and then they’d buy a “Little Surprise” for her, or they’d all have a chocolate soda at the drugstore. Now she and her mother just go the library. There haven’t been any little surprises since Christmas, and chocolate sodas occur only when her uncle comes to visit.
She used to go to ballet class with the other little girls she knows. Now she listens wistfully when they talk about their costumes for recital. (It would be such fun to be dressed up like a peppermint stick!)
She used to curl up on the sofa beside her mother every night for a bedtime story. Now her mother says, “I’m too tired to read tonight, honey. Please go on to bed like a good girl.”
She used to coax her parents into picnic suppers in the nearby park once or twice a week when the weather was nice. Now her mother always says, “I’m sorry, dear; but I don’t have time to bother with it.” Now she has quit asking.
She used to laugh and romp and sing with a little girl’s uncomplicated happiness in being alive. Now she’s quiet and subdued, as she puzzles over the many changes in her world.
SHE IS ONLY SEVEN YEARS OLD, AND SHE’S PAYING FOR THE LIFE INSURANCE HER PARENTS NEVER BOUGHT.
Your life insurance policy can deliver a specified sum of money at the exact time of need. Upon your death, your family can be assured that the amount you’ve chosen—perhaps hundreds of thousands of dollars, maybe even millions—will be there almost immediately. And that death benefit is generally
If you are not completely certain that your coverage is in line with your family’s needs, please contact All Risk Insurance Solutions Inc. When you meet, you’ll work together to determine how much coverage you need, review what products and policies are right for you, and review cost comparisons.
Your decision today could help them later. not subject to federal income taxes. For example, a $500,000 policy provides $500,000 in death benefit proceeds.
With life insurance, you can know that no matter what tomorrow may bring, you can help support your family or your business.
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