LONG-TERM CARE
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www.sperosfinancial.com 602-531-5141
Tuesday, June 30, 2015
www.sperosfinancial Life Insurance Tip of the Day!
4 Advantages of Term Life Insurance
Navigating
the ins and outs of life insurance can be confusing and intimidating,
especially if you’re looking for your first policy. Term life insurance can be a good fit, particularly for
young families on a budget looking for coverage for a set amount of time. Term
life insurance offers four important advantages.
Less expensive
Term life insurance is more
affordable than whole life insurance because it offers protection for a
predetermined time. The life insurance company is hoping it will never pay out
because you will outlive the term and the policy will expire. Whole life
insurance premiums, by
comparison, are higher because the policies pay out no matter when you die.
More flexible
You have many options when it
comes to term life insurance. Coverage can last as little as one year, as with
annual renewable term life. Or you can lock in rates for as few as five years
if you need to cover a short-term debt like tuition expenses while your child
is in college. Policies also come in 10-, 15-, 20- and 30-year terms. If, for
example, you want a policy that would cover your mortgage and your
children’s college tuition, a 30-year policy might be a good match. As these
needs disappear over time, so might your need for a policy.
Good for young families
Because term life doesn’t build
cash value and only covers a specific period, it’s generally less expensive
than whole life insurance and a better value for young families. Many young
families are financially stressed, shouldering the costs of caring for small
children, a mortgage, perhaps an auto loan, saving for college and retirement
and other expenses. Term life insurance can provide peace of mind without
gutting your wallet.
Simplicity
Term life insurance is easy to
understand, which makes it simple to shop around and compare rates. You need to
make only three main decisions: coverage amount, length of term and preferred
company. As long as you pay the premium, you’re covered for the duration of the
policy.
For many people, term life
insurance is a simple, affordable way to safeguard the financial health of
loved ones if something happens to you.
Source
vsperos@sperosfinancial.com 602-531-5141 Vasilios "Voss" Speros
Thursday, June 25, 2015
www.sperosfinancial.com Vintate Postage
VINTAGE POSTAGE
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https://www.sperosfinancial.com 602-531-5141 vsperos@sperosfinancial.com
Wednesday, June 24, 2015
www.sperosfinancial.com Tip for the Day!
LONG-TERM CARE INSURANCE
Vasilios "Voss" Speros
https://www.sperosfinancial.com 602-531-5141 vsperos@sperosfinancial.com
www.sperosfinancial.com Tip of the day!
NOT CALCULATING HOW LONG YOUR RETIREMENT WILL BE
There's
no way to know how long you'll live, but it's always better to err on the side
of over planning. The alternative is you'll outlive your retirement funds.
Source:
Tuesday, June 23, 2015
Vasilios "Voss" Speros Tip of the Day!
Immediate Annuity
Vasilios "Voss" Speros
You may choose to enter into an
annuity contract with an insurance company to help pay for Long-Term Care
services. In exchange for a single, the insurance company will send you an
annuity, which is a series of regular payments over a specified and
defined period of time.
If you have an immediate Long-Term Care
annuity, the insurance company will send you a specified monthly income in
return for a single premium payment.
This option is available regardless of
your current health status. If you do not qualify for Long-Term Care
Insurance because of age or poor health or if you are already receiving
Long-Term Care, you can still purchase an annuity.
The insurance company converts your
single premium payment into a guaranteed monthly income stream for a specified
period of time or for the rest of your life. How much you receive in income
each month depends on the amount of your initial premium, your age, and
gender. Since women tend to live longer than men, women generally
receive a smaller monthly payment over a longer period of time than do men
of the same age.
source:
Vasilios "Voss" Speros 602-531-5141 LinkedIn
www.sperosfinancial.com Tip of the Day!
UNREALISTIC EXPECTATIONS FOR RETIREMENT
Vasilios "Voss" Speros
www.sperosfinancial.com
Consider
the true costs of planning for retirement and be honest: What kind of lifestyle
do you want? Draft a budget that's realistic and face the present reality of
what you'll have to sacrifice to get there.
www.sperosfinancial.com Tip of the day!
PAYING OFF DEBT BEFORE SAVING
Vasilios "Voss" Speros
www.sperosfinancial.com
When
faced with the prospect of saving for the future or paying down debt, many
struggle with deciding which takes precedence. However, because time is so
crucial when saving for retirement — even if it's a few decade off — it's best
to devise a strategy that allows you to pay down debt while still making some
headway, however minor, toward retirement.
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