our professionals : INSURANCE SPECIALISTS
CHANCES ARE YOU NEED LIFE INSURANCE :
SEPTEMBER IS LIFE INSURANCE AWARENESS MONTH
By J . B . Gross of J . B . Gross Insurance
AUGUST 2018 PARKER COUNTY TODAY
74
Life insurance is a simple answer to a very difficult question--How will my family or my business manage financially when I die ? It ’ s a subject no one really wants to think about . But if someone depends on you financially , it ’ s a question you cannot avoid . There are many types of life insurance , but for all types the bottom line is the same-- they pay cash to your family after you die , allowing loved ones to remain financially secure . Life insurance payments can be used to cover daily living expenses , mortgage payments , outstanding loans , college tuition and other essential expenses . If you ’ ve worked hard to establish a solid financial framework for your family — investments , home equity , a savings plan , retirement accounts — the insurance is the foundation upon which it all rests . It can guard against the need for your loved ones to make drastic changes to future plans when you die . Certain types of life insurance even have a built-in cash accumulation feature that can help you reach savings goals . Most Americans need life insurance , and many who already have it may need to update their coverage .
HOW MUCH IS ENOUGH ? A majority of people asked believe they would feel the financial impact from the death of the primary wage earner within a month of their passing . When you consider all the things that life insurance proceeds need to fund and how long the money will be needed , you begin to realize that your true need for coverage is often 10 or 15 times your gross annual income , sometimes even more .
INSURANCE PROCEEDS CAN FUND MANY TYPES OF EXPENSES IMMEDIATE EXPENSES
• Funeral costs
• Uncovered Medical expenses
• Mortgage
• Car loans
• Taxes
• Credit card debt
• Estate settlement costs
ONGOING EXPENSES
• Food
• Housing
• Utilities
• Transportation
• Health Care
• Clothing
• Insurance
• Income to family
FUTURE EXPENSES
• College
• Retirement At JB Gross Insurance , we use a worksheet to help you get a general sense of how much life insurance you will need to protect your loved ones , assuming that you died today . Before buying life insurance , it makes sense to consult with an insurance professional for a more thorough analysis of your needs .
WHAT KIND OF INSURANCE PROTECTION SHOULD YOU BUY ? The most basic feature of a life insurance policy is the death benefit : the lump-sum payment your beneficiaries would receive if you were to die . It ’ s the core reason to own life insurance — but not the only one . Some types of life insurance offer riders or other features that can play an important role in your financial strategy , such as the ability to accumulate cash value that grows over time . I have placed a lot of life insurance over my career . I have also delivered many death benefits to families that someone loved enough to plan for this inevitable occurrence . Life Hint - Remember , you can ’ t get life insurance once you need it !! If you would like to discuss how you need to plan for your family or business ’ needs call JB Gross Insurance . JB GROSS INSURANCE 1703 SANTA FE DRIVE WEATHERFORD www . jbgross . com 817-613-1098
our professionals: INSURANCE SPECIALISTS
CHANCES ARE
YOU NEED LIFE
INSURANCE:
SEPTEMBER IS LIFE
INSURANCE AWARENESS
MONTH
By J.B. Gross of J.B. Gross Insurance
Life insurance is a simple answer to a very difficult ques-
tion--How will my family or my business manage finan-
cially when I die? It’s a subject no one really wants to
think about. But if someone depends on you financially,
it’s a question you cannot avoid.
There are many types of life insurance, but for all types
the bottom line is the same-- they pay cash to your family
after you die, allowing loved ones to remain financially
secure. Life insurance payments can be used to cover
daily living expenses, mortgage payments, outstanding
loans, college tuition and other essential expenses.
If you’ve worked hard to establish a solid financial
framework for your family—investments, home equity, a
savings plan, retirement accounts—the insurance is the
foundation upon which it all rests. It can guard against
the need for your loved ones to make drastic changes to
future plans when you die. Certain types of life insurance
even have a built-in cash accumulation feature that can
help you reach savings goals.
Most Americans need life insurance, and many who
already have it may need to update their coverage.
HOW MUCH IS ENOUGH?
A majority of people asked believe they would feel the
financial impact from the death of the primary wage earn-
er within a month of their passing. When you consider all
the things that life insurance proceeds need to fund and
how long the money will be needed, you begin to realize
that your true need for coverage is often 10 or 15 times
your gross annual income, sometimes even more.
74
INSURANCE PROCEEDS CAN FUND MANY TYPES OF
EXPENSES
IMMEDIATE EXPENSES
• Funeral costs
• Uncovered Medical expenses
• Mortgage
• Car loans
• Taxes
• Credit card debt
• Estate settlement costs
ONGOING EXPENSES
• Food
• Housing
• Utilities
• Transportation
• Health Care
• Clothing
• Insurance
• Income to family
FUTURE EXPENSES
• College
• Retirement
At JB Gross Insurance, we use a worksheet to help you get
a general sense of how much life insurance you will need
to protect your loved ones, assuming that you died today.
Before buying life insurance, it makes sense to consult with
an insurance professional for a more thorough analysis of
your needs.
WHAT KIND OF INSURANCE PROTECTION SHOULD
YOU BUY?
The most basic feature of a life insurance policy is the death
benefit: the lump-sum payment your beneficiaries would
receive if you were to die. �N( �2F�R6�&R&V6��F��v�ƖfP���7W&�6^( F'WB��BF�R��ǒ��R�6��RG�W2�bƖfR��7W"Ц�6R�ffW"&�FW'2�"�F�W"fVGW&W2F�B6�������'F�@�&��R����W"f���6��7G&FVw��7V6�2F�R&�ƗG�F�67RЦ�V�FR66�f�VRF�Bw&�w2�fW"F��Rऒ�fR�6VB��B�bƖfR��7W&�6R�fW"ג6&VW"���fP��6�FVƗfW&VB��FVF�&V�Vf�G2F�f֖ƖW2F�B6��V��P���fVBV��Vv�F���f�"F��2��Wf�F&�R�67W'&V�6R�ƖfR���B�&V�V�&W"���R6�( �BvWBƖfR��7W&�6R��6P���R�VVB�B��b��Rv�V�BƖ�RF�F�67W72��r��R�VVBF���f�"��W �f֖ǒ�"'W6��W7>( ��VVG26���"w&�72��7W&�6Rत"u$�52��5U$�4Rs24�DdRE$�dP�tTD�U$d�$@�wwr�&w&�72�6���r�c2��