By: R.R. Brown
Buying life insurance is one of the most important things you can do to protect your family's future. But even insurance agents admit: it is not the most enjoyable topic to talk about. Despite that, however, it is essential to make the time, have the talk, and take the action needed to get life insurance. Here are a few ways to make discussing it with your spouse easier.
First, calculate your assets, income, and expenses. Have an idea of how much life insurance coverage your family needs. At the same time, calculate how much coverage your family can afford.. . . "Discussing Insurance" continues.
Insurance Aside, We All Leave a Legacy
Bob Larranaga
“The memory of the righteous is blessed; But the name of the wicked shall rot." (Proverbs 10:7)
Rich or poor, famous or infamous, we all leave behind a legacy that cannot be measured in dollars and sense alone. The way we use our time and talent and interact with others can ripple out and touch the lives of more people than we can scarcely imagine. For example, suppose you were to send an email message to 25 friends asking them to pray for all the unemployed and underemployed. Then, suppose each person you emailed did the same thing tomorrow and so on for 25 days, with each recipient sending the same message to 25 more people. In less than a month your original prayer would have touched the lives of 9,765,625 people. And that would be just a small part of your legacy.
Read other Recent Posts on stewardship and add a comment.
Philanthropic Giving with Charitable Remainder Trusts
By Alan Augulis
There was an interesting challenge issued earlier this year by two iconic figures who in a very real sense represent the quintessence of extraordinary wealth in the United States. Bill Gates and Warren Buffet came out and asked the wealthiest individuals in the country, especially the people who have been named by Forbes as the 400 richest Americans, to make a pledge to give half of their wealth to charities.
It should be added that Buffet has announced that he intends to gradually give away virtually all of his assets . . . "Charitable Giving" continues.
"Trust in Jehovah with all thy heart, And lean not upon thine own understanding." (Proverbs 3:5)
Rule of
Thumb
Thumb
Protect loved ones with enough life insurance to cover expenses they can't meet without your income; i.e., the home mortgage, college, and five to ten year's living expenses. See Life Insurance Needs Estimator.
10 Reasons to Buy Disability Insurance
By: Mitch Reynolds, MBA
1. Becoming disabled is your biggest risk.
The chance you might suffer from a long-term disability in your life is about 50%. That means one in two Canadians will experience a long-term disability in their lifetime. The younger you are, the greater the risk. This is because there are many more years ahead of you to work, and the risk of injury is much higher in younger years. If you do suffer from a disability that lasts longer than 90 days, the average time off work is 2.9 years!
2. Group disability insurance is limited.
Even if you have a group disability insurance policy, chances are you don't have the full coverage you might think you have. Here are a some reasons why your group disability policy might be limited: you earn bonus or incentive income that is not part of your regular salary, and is not insured; your group plan has limits or a cap on monthly benefits, and your earnings far exceed the monthly cap; you are a professional with specialized skills who would be forced to take ANY type of work after 24 months on disability if you are still not able to do the job you were trained for; your group disability policy only covers TOTAL disability, so if you come back to work part time you lose all your benefits . . ."Disability Insurance" continues.
Do You Need Long-term Care Insurance?
By: Amit Kheterpal
This year nearly nine million people over the age of 65 will receive long-term care for chronic illnesses or injuries. Eventually, 40 percent of those who reach 65 will enter a nursing home and about ten percent will remain there for five years or more. The cost of long-term care can be staggering.
Generally, Medicare doesn't pay for long-term care. It pays only for medically necessary skilled. . . "Long-term Care" continues.
By: Mitch Reynolds, MBA
1. Becoming disabled is your biggest risk.
The chance you might suffer from a long-term disability in your life is about 50%. That means one in two Canadians will experience a long-term disability in their lifetime. The younger you are, the greater the risk. This is because there are many more years ahead of you to work, and the risk of injury is much higher in younger years. If you do suffer from a disability that lasts longer than 90 days, the average time off work is 2.9 years!
2. Group disability insurance is limited.
Even if you have a group disability insurance policy, chances are you don't have the full coverage you might think you have. Here are a some reasons why your group disability policy might be limited: you earn bonus or incentive income that is not part of your regular salary, and is not insured; your group plan has limits or a cap on monthly benefits, and your earnings far exceed the monthly cap; you are a professional with specialized skills who would be forced to take ANY type of work after 24 months on disability if you are still not able to do the job you were trained for; your group disability policy only covers TOTAL disability, so if you come back to work part time you lose all your benefits . . ."Disability Insurance" continues.
Do You Need Long-term Care Insurance?
By: Amit Kheterpal
This year nearly nine million people over the age of 65 will receive long-term care for chronic illnesses or injuries. Eventually, 40 percent of those who reach 65 will enter a nursing home and about ten percent will remain there for five years or more. The cost of long-term care can be staggering.
Generally, Medicare doesn't pay for long-term care. It pays only for medically necessary skilled. . . "Long-term Care" continues.