As part of Life Insurance Awareness Month, we would like to take this opportunity to shed light on the valuable benefits of purchasing life insurance. This is a chance to ensure your family is protected, accommodated, and comfortable in the event of your absence. Allow us to share some of the ways life insurance can take care of your family and potentially mitigate pressing expenses.
Income Replacement: If you’re the primary earner, your family depends on your livelihood. Life insurance can help your family cover the costs of expenses such as:
Mortgage: A mortgage may prove to be difficult to pay for as your family transitions to living life in your absence. The death benefit could help cover this cost while they adjust.
College Expenses: The death benefit could help cover tuition expenses for your children. It may take your spouse some time to find a job in your absence. Even then, there will be other expenses to account for and this benefit would allow your children to continue college with a smoother transition after their mourning period.
Child Care: If your spouse must work additional hours in your absence to supplement income or require assistance watching over young children, there may be a need for child care services. The death benefit can help pay for this expense.
Final Expenses: Your life insurance can also cover expenses related to your death, including:
- Last Rights
- Medical expenses you leave behind that may not have been covered by health insurance.
Life insurance will offer your family some peace of mind while going through this sad and difficult time. Everyone’s situation is different, so feel free to contact us and we can tailor a plan that best fits your family’s needs in your absence.
As most of you know, we are moving to our new office in Garden City, NY. We have been planning our move over the last 8 months to ensure a smooth transition for us and for you as well. We know at some point in your life you will encounter a move of some sort, whether it is personal or professional. We want to share with you some tips we used, as well as some we learned along the way, to have your move go as easy as possible.
- Get organized by creating a checklist with time frames
- Start packing early. Remember to get packing materials such as boxes, tape, etc.
- Donate anything you won’t need in your new place. Get a receipt for a tax deduction. If you can’t donate it then we suggest you throw it away!
- Sell other items online or have a garage sale. Remember to check with your town as you may need to have a permit to have a garage sale. Again start early – this option takes time
- Notify all utility companies
- Contact the post office and have your mail forwarded
- Notify friends, family, clients, doctors, veterinarians, etc of your new contact information
- Obtain references from moving companies before hiring
- Obtain a Certificate of Insurance from your moving company to be sure they are covered for at least Liability and Workers Compensation
- Discuss purchasing insurance for your belongings with your moving company as there is limited coverage for this move on your current policy.
- Update stationary, letterhead, business cards, etc. This is a good time to be creative and change your logo
- Update your driver’s license, car registrations and vehicle titles
- Cancel any services- such as bottled water deliveries, newspaper deliveries, automatic deliveries, etc
- Notify Your Insurance Agent of your move. Your coverage will need to be tailored to meet the needs of your new place. You may even need to rewrite your existing policy to a new policy.
And please remember to stay calm so you are prepared for any last minute or unexpected changes. We can guarantee that WILL happen.
Good luck with your future move!
Don’t forget to check out our Countdown to our Garden City Move on Facebook and Google+.