Click here to close now.




















Welcome!

News Feed Item

Protect Your Financial Future

MISSION, KS -- (Marketwired) -- 03/07/14 -- (Family Features) Life is a series of milestones, and at each stage the financial protection of assets, dreams, and goals is important. However, many American families are at risk of not being able to pay a mortgage, or childcare expenses, or save for college or retirement if something were to happen to a family's primary income earner.

Prepare for the unexpected
Whether you are raising a family, moving to a larger home, or planning for college tuition payments and retirement, life insurance is an important consideration for protecting your family and assets. LIMRA, a life insurance industry research organization, reported in 2011 that one in three U.S. households has no life insurance at all. For those that do, life insurance holders only own enough on average to replace household income for 3 1/2 years, while the recommended industry rule of thumb is around seven to 10 years.

"Life Insurance is absolutely critical for families who want to secure their financial futures," said Cynthia Tidwell, CEO and president of Royal Neighbors of America, one of America's first women-led life insurers. "At every stage of your life, consider who depends on you and what expenses will need to be met to protect the ones you love. Women in particular undervalue their worth in a household and also need coverage."

Protection for every family
According to a 2013 Pew study, women are the sole or primary breadwinners in a record 40 percent of U.S. households. LIMRA also recently reported women's life insurance coverage is only 69 percent of the average coverage on men.

"Whether they work in or outside the home, we challenge women to value their worth and get life insurance coverage so they can protect their family's finances if something were to happen," Tidwell added.

Four ways life insurance protects families
1. Pays your debts.
If something happens to you, life insurance can help pay off debts such as a mortgage, credit cards, auto, or other loans. Consider life insurance as part of your financial plan.

2. Covers daily living expenses.
Don't forget daycare, tuition, grocery, and energy bills. According to LIMRA, in 2011 nearly two-thirds of financial decision-makers admit they would have trouble paying everyday bills within a few months of a spouse dying prematurely.

3. Helps save for the unexpected (and expected).
Many different life insurance policies have cash savings options to help pay for expenses such as college tuition, weddings, or starting up a business. Look for permanent or whole life policies with cash value accumulation options.

4. Pays for funeral expenses.
No one likes to leave a family with expensive funeral costs. The average funeral costs about $7,000, as estimated by the National Funeral Directors Association in 2012.

How much life insurance do you need?
Log on to www.royalneighbors.org for more information. You'll find financial information, an overview of life insurance options and interactive calculators to determine the life insurance coverage that's best for you, retirement savings and how much to save for college expenses.

Types of Life Insurance
Life insurance is an important part of financial planning, helping those you leave behind in the event of an untimely death. Life insurance can help pay off mortgages, loans, and college tuition or ensure your family can maintain their quality of life. The types vary and it is recommended that you speak with an insurance professional to ensure you have the right coverage for your life stage.

  • Term insurance provides coverage at a fixed premium amount for a specific period of time. It is often the first and most affordable choice families make to protect assets, like a home, for 10, 20 or 30 years. Term insurance may be right if you are just getting started and your budget is tight; you want to secure your home by choosing a term period to protect mortgage payments; or you want to protect those who depend on you until they can provide for themselves.
  • Whole life insurance is permanent insurance. It provides lifelong coverage for your entire life, at fixed payments that are level, predictable, and do not increase. If you make payments on time, your coverage cannot be cancelled, even if your health changes. This type of policy can also accumulate cash value that is available in the form of a loan for expenses such as college costs, a wedding or other unplanned needs.
  • Universal life insurance adds flexibility to the benefits of permanent life insurance. Universal life (UL) products can provide financial protection with permanent life insurance, but offer flexible options. You can often tailor your premium payments, or build cash value for other financial goals such as college or retirement or change the death benefit.

Quick Checklist
Be prepared for the unexpected by taking these important steps to make sure your loved ones are protected financially.

  • Verify your beneficiaries. It's important to review your beneficiaries periodically to ensure the information is up to date.
  • Select a durable power of attorney. Appoint a trusted person to make financial or healthcare decisions on your behalf.
  • Update your will. Make sure your will accurately reflects any substantial changes in your family or assets.
  • Compile a list of documents. Create a master list outlining how to access your financial, personal, and legal records.

About Family Features Editorial Syndicate
This and other food and lifestyle content can be found at www.editors.familyfeatures.com. Family Features is a leading provider of free food and lifestyle content for use in print and online publications. Register with no obligation to access a variety of formatted and unformatted features, accompanying photos, and automatically updating Web content solutions.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2537773

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Public Cloud IaaS started its life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in adop...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at @DevOpsSummit, Haseeb Budhani, CEO and Co-founder of Soha, shared five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the friction an...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to tran...
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at DevOps Summit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Countless business models have spawned from the IaaS industry. Resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his General Session at 16th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, broke down what we've got to work with and discuss the benefits and pitfalls to discover how we can best use them to d...
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
SYS-CON Events announced today that Agema Systems will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Agema Systems is the leading provider of critical white-box rack solutions to data centers through the major integrators and value added distribution channels.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...