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It's LIAM month...is your family protected?
No, it's not the name of a member of a former popular boy band. September is Life Insurance Awareness Month (LIAM). It shares the month with National Guide Dog Month, National Honey Month and Leukemia Awareness Month just to mention a few. We have all heard of life insurance so the awareness is obviously there. What may not be there is the steps to do something about it. Here are some interesting facts about Life Insurance:
- 75 million American families count on life insurers to protect their financial futures
- Life insurance products pay out an average of $1.5 billion every day in the U.S. Social Security pays out an average of $1.9 billion each day.
- 2.5 million U.S. jobs are directly supported by the life insurance industry
- Life insurers have $4.5 trillion invested in the U.S. economy, making the industry one of the largest sources of capital in the nation
- The life insurance industry is the #1 investor in corporate bonds.
With so many choices available when it comes to planning for the future it's hard to know what is the right choice for you and your family right now. Indexed Universal Life, for example, protects your family in the event of your untimely death, while at the same time gives you a steady income when you retire- a tax-free death benefit to your family and a tax-free retirement income to you for the rest of your life. It's also permanent, meaning that you won't lose it when you change jobs. In addition it covers you in the case of a critical illness (cancer, hear attack, stroke) and also in case of long-term care needs. Consider it life insurance you don't have to die to use! Let us show you the benefits of life insurance to benefit both you and your family. Contact us for more information.
Yes, we do life insurance too!
Recently I was talking to a client and she asked if I offer life insurance. I thought by now everyone would know that in addition to offering 403b's, IRA's, Roth IRA's and other savings plans for the past 23 years that yes, we have also offered life insurance. Life insurance these days not only offers a tax-free death benefit to your family upon your death, but also tax-free retirement income to you while you live! In addition, it includes long-term care and critical illness (heart attack, cancer, stroke, etc.) benefits at no extra charge! Contact us for more information.
Get a pay raise? Shelter it from taxes
Several school districts have either approved or are in negotiations for pay increases for both classified and certificated employees. Depending on your pay, this could mean hundreds of extra dollars each month in addition to "retro" pay. Taxes will take a considerable portion of the pay raise, so why not add to your 403b, thus keeping your taxes low, earn high er interest, and build your retirement savings that much faster? Do you know a school employee who isn't contributing? Let us know and we can help.
Earn a 5% interest bonus on each deposit for 7 years!
If you're not already getting a 5% interest bonus on your money, now may be the time to start. Introducing the Paramount 5 which credits you a 5% interest bonus on each deposit you make into your 403b, IRA ,ROTH, or SEP IRA. You will also be credited additional interest based on the S&P 500 and a fixed interest account.
"Community Partners" wanted
Do you (or someone you know) have a small business and would like to give back to the community? If so, we want you as a part of our Community Partner Network program. This network of individuals and business owners will donate time and services to schools and organizations throughout the community. In exchange, the business will receive free advertising and promotional recognition. It may be donating items for a school carnival or canned-food to a homeless shelter. If interested, or if you know someone who would be, please contact us.
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