Life Insurance Marketplace

Graduation Day - Your Pivotal Moment in Life

2015-04-17T12:38:00.000-07:00

Congratulations on graduating! This is a pivotal moment in life. Consider your options to set yourself up for success. Pivot.com extends free offers to students graduating from high school and college graduates. Please visit us at Offers.Pivot.com. We look forward to walking with you through Life's Pivotal Moments!

Graduation - One of Life's Pivotal Moments to Consider Your Future

2015-03-31T09:04:00.000-07:00

Graduation is a Pivotal Moment. Life changes give us an opportunity to realize that current insurance coverage might not meet your needs - or that a lack of coverage may need to be remedied. Life insurance isn't just for established adults - it's for everyone who has responsibilities such as a car payment, mortgage or student loans. Purchasing life insurance and being fully insured is a great way to secure your financial future.

Graduation Pivotal Moments As you enter the world of car payments and career changes, it's probable that you don't have life insurance. Your parents may have had a life insurance policy on your behalf, but as you graduate and enter the real world, it's time to insure yourself. Just as you pay for your own car or health insurance, life insurance can be something you purchase as well. Sometimes, your employer or health insurance provider may provide a life insurance option, which is often a great start. However, even if you have a life insurance policy provided through your employer, purchasing additional life insurance is a great idea. After all, when it comes to life insurance, you want a safety net that is big enough for every need you and your future family might have. So really, as you build a life for yourself, there are several life insurance questions you can consider. For example, you'll want to gather information about your current life insurance coverage, and if you don't have coverage, you'll want to consider if a life insurance policy is right for you. You may also want to take a look at any life insurance coverage you do have, whether it's through your parents, your employer, or your health plan. Determine if you have enough life insurance coverage to take care of your financial responsibilities if something were to happen to you. Just like you, your life insurance package will be unique. After all, do you need the same life insurance coverage as your downstairs neighbor, who owns her own business? Or do you need the same coverage as your college professor who has three children? Each person's life insurance need is different. So, as you consider what your life insurance needs are, you can work with an insurance professional who understands your situation and your future plans.

There are two primary types of policies, and you can typically personalize each type of life insurance policy based on your needs. Whole life insurance policies cover you from the time the policy is purchased until the end of the policyholder's life, regardless of age. The term life insurance policy is usually less expensive than permanent or whole life, but term plans only cover a specific time period - for example, from purchase to age 65. Term policies get increasingly more expensive with age, so most younger policyholders decide to purchase the longest term available to lock in the best monthly premium price possible.

The next thing to consider: How much life insurance is right for you? As we have already mentioned, each person's life insurance needs are unique. An industry rule of thumb you can consider as a baseline for your situation is that you should purchase enough life insurance to replace five to seven years of your salary at a minimum. However, you may have other financial obligations you're responsible for - such as the purchase of a new car or your first home. So, if your goal is for your family to have no financial concerns if something were to happen to you, you'll want to consult with a life insurance professional to determine the coverage that's right for you.

Many recent graduates may think that because they're on a tight budget, life insurance isn't an affordable option. As you consider your financial future, you will realize that you can not afford not to be covered. The younger you are when you buy your life insurance policy, the more affordable it often is. So waiting to make an important financial decision such as purchasing life insurance could cost you. Don't make a costly mistake by waiting to consider life insurance coverage. Investigating life insurance options now will likely surprise you with how affordable being covered can be.

Before buying any life insurance policy, research the company you're considering purchasing your policy from. Life insurance can be an emotional decision, but it's also a business transaction. You should work with a reliable company that has a track record of offering the best for their policyholders. One thing you can do, to be certain you're working with a reputable insurance company, is to check rating agencies. Standard and Poor's and A.M. Best, rate insurance companies on their claims paying abilities. There is more to consider then just price, when reviewing life insurance coverage. You want your insurance company to be there for you for the long term.

Life insurance is a serious decision, and considering options may take time. If you work with a life insurance professional who walks you through insurance industry terms, you will be able to make a smart decision that protects you and your future.

Life insurance is not a matter of if, it's when. Get an instant life insurance quote at Pivot.com. Our goal at Pivot is to provide you with the best life insurance policy to fit your specific family situation and financial goals. We want to be a partner that walks through all of Life's Pivotal Moments with you.

Planning for Retirement Savings with Life Insurance

2015-03-27T10:00:00.000-07:00

Are you heading into retirement? Are you thinking about your savings, your family's well being? You may be considering places to retire on your current budget. When preparing for retirment, life insurance is important. It is something that you should consider regardless of where you are in the retirement process.

There are many times in life that should bring life insurance into focus. Buying your first home, having a baby, getting a promotion, and more are all life changes, or pivotal moments, that should make you wonder - Do I have the right kind of life insurance? Depending on the policy you had before and the changes you're undergoing, the life insurance coverage you have might not meet your family's current needs.

Life insurance can be a difficult topic to consider, and it may not seem as urgent as other things do when retirement is looming. However, determining your life insurance set up now will help you continue to build a promising future for your spouse and children, even after you retire. And if you have a life insurance policy provided to you by your employer, retirement is especially the right time to determine your life insurance policy basics and what you should have - and in many cases, additional life insurance is most likely necessary in order to have the best coverage available. After all the purpose of life insurance is to provide your family with a safety net that is big enough for every need your family might have.

So, who needs life insurance?

Do you have anyone relying on you? Do you have enough life insurance? There are different types of coverage to consider. You can buy these policies at any time, throughout your life.

Whole life insurance policies can also be borrowed against without taxation, so if you're investing funds prior to retirement, whole life insurance is a great option. Whole life insurance typically also involves some type of investment or money market account, which over time can increase the value of your life insurance policy.

On the other hand, term life insurance policies are less expensive, only cover a specific time period of time, such as from the time of purchase until the event of death or through a certain age. While term life insurance is a great way to cover your family at a lower cost, it's important to work with a life insurance professional to make sure you have the coverage you need and that you aren't under-insured. The type of life insurance that's right for you depends on your financial situation, your goals, your budget, and many other factors.

How do you determine the life insurance policy for you?

A typical industry standard is to purchase enough life insurance to replace five to seven years of your salary, however, many families plan for more than this depending on their lifestyle, the number of kids they have, the age of their children, if you have a mortgage, and much more. If you're retiring, you can use your average salary as a way yo estimate what five to seven years of income would be, but it's best to work with a life insurance professional to make sure you have all your bases covered.It's also important to note that not all life insurance providers are created equally.
When you're comparing two different life insurance policies and contemplating which to purchase, you may think you're comparing apples to apples - but that may not be the case. Working with a life insurance specialist will help you examine all your options and understand your choice on a deep level.

Life insurance isn't something to be taken lightly, especially as you near retirement. Give yourself peace of mind by selecting life insurance that fits you and your family. Then, you can enjoy your retirement knowing that your family's future is secure.

Retirement Planning Bucketlist: 25 Things to Do Before You Retire

2015-03-02T17:12:00.000-08:00

Planning for retirement? Your bucketlist:

25 Things to Do Before Your Retire

Whether you're a few years away from retirement or are in the prime of your career, you likely have at least a rough draft of your retirement checklist. Planning for retirement can be both daunting and exciting. But if you have a solid idea of what needs to be taken care of before you celebrate your retirement party, you're more likely to approach this phase of life with ease. Here are 25 things to handle when it comes to retirement planning.

1. Eliminate Debt
Your retirement savings should be used for everyday living expenses. Of course, you should also have some set aside for emergencies But this will be difficult if you're still paying off debt. As soon as possible, obtain a copy of your credit report and take a detailed look at each account. If you still owe on accounts, make arrangements with your creditors to satisfy the balance. Take care of the accounts with the highest interest rates first, then work your way down the list.

2. Pay Off Your Mortgage
Getting rid of mortgage debt should be high on your retirement bucketlist. This is often the debt with the lowest interest rate, so you should tackle this after you've paid off items like credit cards. Retirement will likely be more enjoyable when you can live in your home without having to worry about a monthly mortgage payment.

3.Get Term Life Insurance
Take out a life insurance policy before you retire. Choose a policy with the longest term, so you can be sure you and your family are covered for an extended period of time, even if you unfortunately pass away. At the end of your term, talk to your insurance provider about the adjustment in your terms or conditions.

4.Think About Long-Term Care Insurance
It may be best to take out more than one term life insurance policy. This is so important to have in place in the event that you need long-term care at home or in a nursing home. Medical costs can definitely add up for your family, and you don't want to put a strain on your retirement finances or burden your loved ones.

5.Consider Moving
Make your retirement comfortable by moving into a new home. It may be a good idea to add this to your retirement checklist if you have a large home, but your children have moved out. You may choose to downsize to cut down on home-related costs. Or, you can select a one-story home so it will be easier for you to get around in your house.

6.Get a Variable Annuity
This financial tool can make planning for retirement much easier. It provides you with an additional source of income, and you won't have to worry about immediate annuitization when you retire.

7.Plan Your Estate
No one likes the idea of putting together a will, but this should definitely be on your retirement bucketlst. Make sure you know how your assets are organized, and clearly dictate which relatives will handle your affairs or take over your property and valuable goods when you pass away.

8.Create A College Fund
Retirement planning is much easier when your children's college education is taken care of. Start a college fund when your kids are small, so by the time they graduate from high school, you'll have the funds to take care of all or at least a good portion of their education without getting into debt at retirement.

9.See A Financial Planner
Meet with a financial planner years before you plan to retire. You may learn about profitable investments and get pointers for spending a saving your money wisely. This can reduce the likelihood that you'll go into debt when you retire.

10.Create A Budget
Even though you probably know how much is in your IRA or 401K, it's best to create a structured retirement budget. This keeps you from overspending and helps you plan for vacations so you can enjoy your retirement.

11.Get Rid of Student Loans
As you're saving for your children's college education, make sure you've paid your student loans off by the time you retire. This is often a major debt that can loom over you for years, so begin the repayment process as soon as you can.

12.Survey the Job Market
If you're not sure whether you want to retire in your current career, take a look at the job market as part of your retirement bucketlist. If you're a few years from retirement, you may want to switch to a more rewarding career. If opportunities are scarce, it's best to stay in your current position so you can retire in a time frame that works for you.

13.Work Part-Time
Retirement doesn't mean that you sit home all day. Your current employer may be open to you working on contract of part-time. Or, look for other part-time opportunities that interest you. This can help you bring in extra income while helping you to be productive.

14.Improve Your Health
Getting your health in order is essential for your retirement. Start eating better and exercising

regularly. You want to enjoy your years off work and cut down on medical care costs.

15.Plan Your Adventures
If you want to engage in international travel or make business investments, plan these things out before retirement. This helps you organize your finances and your time so you can carry out your plans successfully.

16. Review Your Financial Plan
Even if you've already devised a plan for your finances, review it often before retirement. Things can change quickly due to life events, and you want to make sure you're as prepared as possible.

17. Retirement Savings Budget
Give as much as you can to your retirement savings account. Remember, this will be your income one day, and you don't want to limit your retirement adventures due to poor financial planning.

18. Take Up New Hobbies
Years before retirement, engage in hobbies you're interested in. This keeps you from feeling bored and restless once you're no longer working and helps to enhance your mind and health.

19. Invest In Your Relationships
Once you retire, you'll be spending a lot more time with your spouse, friends and relatives. Invest in these relationships now, so that your retirement will be a fulfilling experience for everyone.

20. Work Hard and Smart
Give your best to your career and go after all the achievements you want. When you retire, you want to know that you've truly had a full and satisfying professional life. This makes retirement much more rewarding.

21. Apply for Social Security
In addition to your retirement savings, Social Security can provide the financial assistance you need to pay bills or take care of health-related costs.

22. Reduce Taxes
You may want to consider switching your 401Ks to Roth IRAs, since this account allows you to withdraw your money without taxation. Taxes can definitely add up, and you want to keep as much of your income as possible.

23. Review Your Health Care Plan
Upon retirement, you may need more or less coverage. Well before you retire, take a look at your health care policy to make sure you're properly covered.

24. Experience the Finer Things
Splurge every once in a while. Eat a gourmet meal or stay in a four-star hotel. While saving is important, you should get a taste of the great things you want to do when you retire.

25. Take Pictures
Finally, take lots of pictures. Chronicle your life so you'll have beautiful images to look through once you retire.

Love Marriage & Life Insurance for Life's Pivotal Moments

2015-02-12T09:40:00.000-08:00

Love Stories - Top 25 Questions to Ask Your Fiancé

2015-02-09T14:26:00.000-08:00

Getting married? Download Top 25 Things to Ask Your Fiancé before you get married!

Getting Married Top 10 to Dos!

2015-01-29T13:45:00.000-08:00

Congratulations on your engagement! Getting married is one of Life's Pivotal Moments.

You have a great adventure in front of you! Pivot would like to extend an engagement gift to you: Get the Top 10 Things to Do Before Your I Dos today to start your marriage off on the right track.

What Does Life Insurance Have to do With the Cost of Raising a Child?

2015-01-13T18:44:00.001-08:00

It's no secret that raising a family is expensive but what does that have to do with life insurance? Plenty actually, but we will get to that shortly.

A recent US Department of Education annual report on the subject found that a middle-income family raising a child born in 2014 can expect to spend about $241,080 over the next 17 years, that's for one child. Given that the average family has 2.01 children, you can double(or more)that figure),sticker shock to be sure. Though these costs can vary based on a child's geographic location and family income, it's a very good estimate.

This kind of realistic information regarding the long term costs associated with raising a family can be helpful when thinking about how much term life insurance you need. It's best to talk with a knowledgeable life insurance marketplace specialist from a reputable company to decide what best meets your needs but in general, your life insurance need is determined as some multiple of your annual income. 15-20 times is generally a good starting point. While this is a good starting point, knowledge us power and knowing the approximate costs associated with a mortgage, heath care, child care and education can get you closer to the amount of life insurance coverage you would truly need to ensure that your family is well taken care of should the unthinkable happen. .

Raising a family is a wonderful ,sometimes challenging and as we've seen, expensive adventure. Make sure you've taken steps to secure your family's future for the ride.

Planning Early for Retirement with Life Insurance and Savings Provides Big Benefits

2015-01-06T16:16:00.000-08:00

You are young, just out of a college maybe a few years into your career and feeling like you have all the time in the world. Prepare for retirement? The reasons why you might feel that way are numerous. Maybe, you feel like you are just too young, or maybe you feel you can't afford life insurance or to save money every month . Common concerns and sentiments to be sure but the fact is, the earlier you start the easier planning for retirement the easier and less stressful it will be.

If you have an employer sponsored 401k,that's a great place to start. A 401k with matching funds provided by your employer, even better! Another advantage that most people who are just starting out have are low taxes. If you are just beginning your career and expect to climb tax brackets as time goes on, this is a great time to put some after-tax money into a Roth IRA. Money in a Roth grows tax-free and is typically not taxed when you take distributions. Pay taxes today for the right to avoid high, and potentially very high taxes in the future. If your employer has a Roth 401k, invest there. The plan is like any other Roth IRA save for the fact that contributions are withdrawn from your after-tax paycheck.

If you don't have a 401k through an employer but have money to invest (graduation gift, wedding present,inheritance, etc.) start with a Roth IRA through respected brokerage or financial institution offering low-fee investments. If you are working as a freelancer or consultant, basically anything where you receive a 1099,looking into a self-employed IRA, which provides benefits where taxes are concerned.

Another key piece to the retirement puzzle is the right life insurance policy. As with the 401K ,IRA or saving in general,where life insurance is concerned, your youth is on your side. The earlier you get life insurance in place, the more comprehensive, and less expensive it will be.

Life insurance underwriters use a laundry list of criteria in the life insurance application process. Many of these factors include health and wellness issues. Simply stated the younger you are the less likely you are to suffer from serious medical issues or have symptoms of serious issues such as high cholesterol, high blood pressure or even insulin resistance. Putting a policy in place while you are young ensures that you are more likely to get the coverage you want.

At the end of the day, no matter how old(or young) you are, if you aren't already saving and planning, now is the time to start! Time is indeed on your side, but you have to take advantage of it. Planning for the future now can save you a great deal of money and provide serious peace of mind.

Celebrating New Year Traditions with Healthy Holiday Recipes - From Our PivotCare Team Family to Yours!

2014-12-26T08:08:00.001-08:00

These healthy holiday dessert recipes will keep your family happy and healthy this holiday season! Start your new year out right and keep your new year resolutions on track! Enjoy this free holiday dessert recipes download from our PivotCare Team Family to Yours! Happy Holidays!

Celebrate healthy family holiday traditions with Pivot.com - Download new healthy holiday desserts and holiday ideas to share with your family this holiday season. Enjoy gluten free, delicious and indulgent options to choose from. Find gluten free gingerbread, decadent chocolate cupcakes, dairy free eggnog, healthy desserts for everyone!

From our family to yours, Happy Holidays!
Pivot - Your Life Insurance Marketplace

Having A Baby? Don't Put Off Decisions About Life Insurance

2014-12-16T07:11:00.001-08:00

Becoming a parent is one of the most exciting and life changing experiences couples and individuals have. As your baby's due date approaches, think past all the tiny clothes,nursery decor,baby showers,bottles and baby gear,and give some thought to securing your new baby's future with life insurance.

Many people don't ever think about the need for life insurance before having a baby. There are many reasons for this,maybe you are single and no one else is depending on you, or perhaps your spouse earns as much as or more than you and would be fine should something happen to you. No matter why you've put off life insurance,bringing a child into the equation changes everything. Securing life insurance can be an important piece of being a responsible parent.

First, your baby is depending on you for everything,food,clothing,love and financial support. It’s going to be a long time until your child grows up and is financially independent. If tragedy were to strike and you were unable to be there to provide, could your family get by? A life insurance policy can help make sure that there would be enough money coming in even if something happens to you.

Second, your household may be transitioning if you or your spouse is planning to stop working and stay at home with the baby. You may be getting by on only one income instead of two, making it even more important for the working parent to take out a life insurance policy. If something should happen to the working parent, the surviving parent and your child would still have an income.

Starting a family gives your life a whole new meaning. Do your best to be prepare for the unexpected by securing life insurance that will help protect your child should something happen to you.

Raising a Happy Family with Healthy Holiday Dessert Recipes

2014-12-12T09:52:00.003-08:00

Happy Holidays! Celebrate healthy family holiday traditions with Pivot.com - Download new healthy holiday desserts and holiday ideas to share with your family this holiday season. Download gluten free, delicious and indulgent options to choose from. Find holiday dessert recipes like gluten free gingerbread, decadent chocolate cupcakes, dairy free eggnog, healthy desserts for everyone! From our family to yours, Happy Holidays! www.Pivot.com - Your Life Insurance Marketplace

Starting A New Chapter-Life Insurance After Graduation

2014-12-02T08:50:00.000-08:00

If you’re headed toward graduation, life insurance may not be the first thing you think about as you leave college for the real world. There are so many things that cross your mind when you’re about to be on your own. Not only do you have to find a job, an apartment, and more - you also have to start paying your own bills and learning how to manage your finances. However, graduation is one of those times to begin thinking about life insurance.

Life changes, or Pivotal Moments, give us an opportunity to realize that current insurance coverage might not meet your needs - or that a lack of coverage may need to be remedied. Life insurance isn’t just for established adults - it’s for everyone who has responsibilities such as a car payment, mortgage or student loans. Purchasing life insurance and being fully insured is a great way to secure your financial future.

As you enter the world of car payments and career changes, it’s probable that you don’t have life insurance. Your parents may have had a life insurance policy on your behalf, but as you graduate and enter the real world, it’s time to insure yourself. Just as you pay for your own car or health insurance, life insurance can be something you purchase as well. Sometimes, your employer or health insurance provider may provide a life insurance option, which is often a great start. However, even if you have a life insurance policy provided through your employer, purchasing additional life insurance is a great idea. After all, when it comes to life insurance, you want a safety net that is big enough for every need you and your future family might have. So really, as you build a life for yourself, there are several life insurance questions you can consider. For example, you’ll want to gather information about your current life insurance coverage, and if you don’t have coverage, you’ll want to consider if a life insurance policy is right for you. You may also want to take a look at any life insurance coverage you do have, whether it’s through your parents, your employer, or your health plan. Then, determine if you have enough life insurance coverage to take care of your financial responsibilities if something were to happen to you.

Just like you, your life insurance package will be unique. After all, do you need the same life insurance coverage as your downstairs neighbor, who owns her own business? Or do you need the same coverage as your college professor who has three children? The answer is, of course not. Each person’s life insurance need is different! So, as you consider what your life insurance needs are, you can work with a PivotCare team life insurance professional who understands your situation and your future plans.

There are some basic elements that are important for you to know. For example, there are two primary types of policies, and you can typically personalize each type of life insurance policy based on your needs. Permanent life insurance policies cover you from the time the policy is purchased until the end of the policyholder’s life, regardless of age. Term life insurance policies are usually less expensive than permanent life insurance policies, but term plans only cover a specific time period - for example, from purchase to age 65. Something to keep in mind for new college graduates is that term policies get increasingly more expensive with age, so most younger policyholders decide to purchase the longest term available to lock in the best monthly premium price possible.

The next thing to consider: How much life insurance is right for you? As we have already mentioned, each person’s life insurance needs are unique. An industry rule of thumb you can consider as a baseline for your situation is that you should purchase enough life insurance to replace five to seven years of your salary at a minimum. However, you may have other financial obligations you’re responsible for - such as the purchase of a new car or your first home. So, if your goal is for your family to have no financial concerns if something were to happen to you, you’ll want to consult with a PivotCare team life insurance professional to determine the coverage that’s right for you. (Place link to insurance calculator here).

Many recent graduates may think that because they’re on a tight budget, life insurance isn’t an affordable option. It may sounds cliché, but you can’t afford not to be covered. Securing your financial future is something that can never be put on the back burner. Plus, the younger you are when you buy your life insurance policy, the more affordable it often is. So waiting to make an important financial decision such as purchasing life insurance could cost you. Don’t make a costly mistake by waiting to consider life insurance coverage. Investigating life insurance options now will likely surprise you with how affordable being covered can be.

Before buying any life insurance policy, research the company you’re considering purchasing your policy from. Life insurance can be an emotional decision, but it’s also a business transaction. You should work with a reliable company that has a track record of offering the best for their policyholders. One thing you can do to be certain you’re working with a reputable firm is to check rating agencies such as Standard and Poor’s and A.M. Best, which rate insurance companies regarding their claims paying abilities. After all, there’s more to life insurance coverage than just having the best price. You want your life insurance company to be there for you for the long term.

Most importantly, when you consider the specific coverage that’s right for you, you can call our PivotCare team and work with a life insurance professional who you can trust, and who gets what you want out of life. Life insurance may be a serious decision, and it can intimidate people too - but it shouldn’t! If you work with a PivotCare team life insurance professional who explains things to you in terms you can understand, you will be able to make a smart decision that gives you extra security, now and into the future.

We Don't Have Children - Do We Really Need Life Insurance?

2014-11-25T18:30:00.000-08:00

Tens of millions of American's have no life insurance. The economy is likely partly to blame but some, like married couples who don't have children, are lacking insurance because they believe there is no need for them to have it.

The simplest way to decide if you need life insurance is to consider whether anyone would suffer financially, if you passed away. There is always the possibility that you might not need life insurance if both you and your partner are employed full time and have no dependents or financial obligations from previous relationships. If one of you were to died, the other may have no issue meeting all of his or her financial obligations. Having said that, there are many reasons why a couple, even one without children, should think about having life insurance . A few examples are outlined below.

1. Buying a house that requires both of your incomes, is generally a bad financial decision but if that is your reality,having a policy that would pay off your mortgage is a smart idea. Dealing with the death of a spouse is hard enough without the added pressure of financial stress and tough decisions regarding the surviving spouse's ability to stay in his or her home.

2. Debt, credit card or otherwise is another reason to consider life insurance. Just because some debts are in spouse’s name does not necessarily absolve the other from the responsibility for that debt. In a community property state, a spouse’s debts incurred after getting married may be the responsibility of the other spouse as well; state laws vary. In states not governed by community property law, many creditors will write off the debts of a deceased person when he or she held the credit card in his or her name only, but not always.

3. Lack of savings is a big reason to consider life insurance. You may want enough life insurance to cover funeral and other final expenses and if you don't have that money in savings when and if something happens, you will be truly glad you thought ahead and had coverage in place..

4. Protection against future non-insurability can be avoided by purchasing a life insurance policy sooner rather than later. If you developed some type of illness while you did not have life insurance, you may not be able to get a policy. Buying a policy while you’re healthy prevents this from happening.

5. Premiums for life insurance will typically go up as you get older. Buy policies now, and you’ll lock in the lower cost. Of course, you’ll also pay premiums for a longer period of time. You have to weigh the pros and cons.

There are many reasons to consider life insurance as a married couple, whether you have children or not. Contact a Pivot Life Insurance Marketplace specialist to find out what's right for you.

Healthy Thanksgiving Recipes From Our PivotCare Team Family to Yours

2014-11-18T19:07:00.000-08:00

Healthy and Easy Recipes Your Family will Love!

Thanksgiving is a wonderful time of year to gather with family and friends and remember what is really important in life. Giving thanks and expressing gratitude for the relationships that nurture us, our good health and our happiness is essential. Beyond that, Thanksgiving would not be Thanksgiving without family traditions and our favorite recipes.

The PivotCare Team would like to share some of our favorite family recipes with you! Happy Thanksgiving!

Turkey, dressing, potatoes, pumpkin pie, the list could go on and on. Almost everyone has a dish they need to make their Thanksgiving complete. The PivotCare Team is excited to share their must-haves with you.

Ken Buccico’s Pumpkin Mousse

2 quarts of milk

4 packages of instant sugar free vanilla pudding

2 containers of fat free cool whip

2 cans of pumpkin

2 tsp. of pumpkin spice or to taste

Mix the milk and pudding as usual until it is firm Add the 2 cans of pumpkin mix, add the cool whip and mix. Add the pumpkin spice to taste and a drop or two of vanilla. Enjoy!!

Life Insurance Can Give You a Firm Financial Foundation for Raising a Family

2014-11-11T13:23:00.000-08:00

Raising your family is a rewarding - and challenging - experience. Being a parent to your kids and a partner to your significant other is important and meaningful. There’s nothing better than spending quality time with your family. Whether you’re about to welcome your first child to the world or you’ve been raising your family for years, your life insurance agent is here to help you make sure you have the right protection and plans in place to meet your family’s needs.

Life insurance can give you a firm financial foundation. When you have children, it is more important than ever to consider purchasing life insurance. And if you already have life insurance, you should work with your trusted insurance agent to make sure you have enough. In some instances, life insurance can provide benefits while you’re living. Life insurance also helps your family after you are gone, with things like the mortgage and auto payments, child care and even college costs. There are a wide variety of life insurance policies, including term or permanent coverage, designed to meet your changing needs as you raise your family.

Term life insurance usually provides the most life insurance coverage for the least cost since you can purchase it to cover a set period of time, for example from the time of purchase to age 65. Term life insurance can help cover your family’s needs during those years when you are buying a home, raising a family, sending your kids to college or building a business. If you decide to go with a term life insurance policy, it is imperative that your length of coverage is carefully planned and calculated to your family’s specific needs. On the other hand, a permanent life insurance policy runs from the time of purchase until the end of the policyholder’s life, regardless of the age when the plan is purchased. There are two variations of permanent life insurance which help you build cash value that you can borrow if you need to: whole and universal life insurance. Whole life insurance combines your life insurance policy with an investment fund, and universal life insurance combines your policy with a money market investment. While you’re living, the life insurance cash value accumulates on a tax-deferred basis. Upon your death, benefits from a permanent plan can be paid to your beneficiaries in a lump sum or through flexible payment options.

If you think you can’t afford life insurance, think again. The truth is that you can’t afford not to have it. Imagine how your family would make ends meet without being able to rely on your income. Would they have to sell your home, or dip into retirement funds? Life insurance helps you avoid these difficult decisions by providing your family with financial security if you should pass away. Working with a life insurance specialist will help you ensure that your family is covered no matter which type of life insurance policy you decide to buy.

See more on our PivotCare Team at Pivot.com, your Life Insurance Marketplace for Life's Pivotal Moments. Get a free life insurance quote today!

Include Life Insurance When Planning for Baby

2014-11-06T10:47:00.001-08:00

When you’re thinking about having a baby, life insurance may not be top of mind for you. After all, there are so many things that cross your mind - and wind up on your to do list - when you’re about to become a parent. Just a few of the things you might have to do are select car seats, strollers, a crib, daycare and more. However, there are several times in life when life insurance should be top of mind for you. When you come across major life changes, or Pivotal Moments, you have an opportunity to realize that your current life insurance coverage might not meet current family needs - especially if your family is growing. That’s why your local life insurance expert is here! Life insurance can be a difficult topic to talk about for some of us, but in your area you can find a life insurance expert who is ready to talk to you about your family’s needs. Being fully insured is a great way to make certain your family’s future is secure and that you have peace of mind as your new baby enters your life.

Did you know that more often than not, new parents don’t have enough life insurance to cover the addition of a family member? Even with life insurance policies provided through your employer, that coverage often does not work when you add a newborn to the family. Therefore, purchasing additional life insurance is a great way for you to secure your family’s future. After all, when it comes to life insurance, you want to create a safety net that is large enough for every need your family might have should the unthinkable happen and you pass away. When you are adding a baby to your family, there are several life insurance questions to consider, such as: Do I have life insurance? If I have life insurance, do I have enough? What would it take to cover my family’s financial concerns if I were no longer alive to provide for them?

Your life insurance plan should be just like you: unique. Each family’s life insurance needs are different, so you should work with an insurance provider who understands that the needs, hopes, and dreams that belong to your family are unique to you. It’s also important that you understand the basics of life insurance, so that you can make an informed decision about your family’s future.

So let’s discuss the basics of life insurance. There are two primary types of life insurance policies, and there are ways to personalize each type of plan based on your family’s needs. Permanent life insurance policies run from the time of purchase until the end of the policyholder’s life, regardless of the age you are when you purchase the plan. Two variations to permanent life insurance are whole life insurance and universal life insurance. Whole life insurance combines your life insurance policy with an investment fund, and universal life insurance combines your policy with a money market investment. On the other hand, term life insurance policies are often less expensive than permanent policies, but term policies only cover a specific time period - for example, from the time of purchase to age 65. For a term life insurance plan, there is no investment component which often makes term policies more affordable for many people. If you decide to go with a term life insurance policy, it is imperative that your length of coverage is carefully planned and calculated to your family’s specific needs. Working with a life insurance specialist will help you ensure that your family is covered no matter which type of life insurance policy you decide to buy.

So, do you know how much insurance is right for you and your family? While each family’s needs are different, a typical industry standard is to purchase enough life insurance to replace five to seven years of your salary at a minimum. Knowing this, it’s also important to consider that many families have to also have the financial ability to cover their mortgage, car payments, college tuition, and other monthly bills. So you may need to buy additional life insurance coverage to make sure that these costs are covered. Ideally, your goal in buying a life insurance policy should be for your family to maintain their current lifestyle in the event of your passing. While this may be a difficult concept to grasp for many people, life insurance advisors at Pivot specialize in this type of knowledge. Approaching life insurance from the perspective of wanting your family’s lifestyle to remain constant even if the unthinkable should happen, it’s easy to see how important it is to work with a trusted life insurance provider. We’ll use industry knowledge and proven results to find the life insurance coverage plan that’s right for you and your family.

Having a baby is a monumental change - a Pivotal Moment. You are about to bring another life into this world, and this newborn is going to depend solely on you for everything. And as a new parent, you’ll have so many things on your mind. Between midnight feedings and finding the right daycare, you shouldn’t have to worry about your financial future. Having the right life insurance coverage is crucial to your peace of mind as a new parent.

As you prepare for your new baby, you’ll likely be checking things off your to do list. Make sure one item on your list is to call your local life insurance advisor. They will listen to your needs and plans for the future, and will provide you with life insurance options that work for your budget and lifestyle. When it comes to life insurance, it’s important to work with an insurance provider who you know and trust, and who understands your needs. Life insurance is a serious decision, with lots of aspects to consider, and by working with a trusted advisor, you’re making a great decision for your family’s future. Call your local advisor today to find the right life insurance plan for you and your growing
family.

See more on our PivotCare Team at Pivot.com, your Life Insurance Marketplace for Life's Pivotal Moments. Get a free life insurance quote today!

PivotCare Team - Favorite Halloween Costumes

2014-10-30T18:06:00.002-07:00

The PivotCare Team families enjoy celebrating Halloween. You will find some of the best Halloween costumes for babies and children, via our friends at Pinterest/PivotInsurance. The only thing better than a baby is a baby in a great Halloween costume. Below are some of our favorite creative ideas for babies and toddlers.

1.Oompa Loompa

Green hair and a Wonka Bar? It doesn’t get much cuter!

2. Holly Golightly from Breakfast At Tiffany

Audrey Hepburn's iconic character has some serious competition from this tiny fashionista.

3.Scuba Diver

This darling little one is making a splash in this amazing costume complete with paci-powered scuba equipment.

4.Haunted House

5.Gumball Machine

A delightful do-it-yourself costume that is sure to stand out.

6.Clark Kent/Superman

It’s a bird,it’s a plane,it’s….the cutest thing we’ve ever seen!

7.The Very Hungry Caterpillar and Beautiful Butterfly

Brother and sister preciousness based on the beloved children’s book

8.Pinata

9.Pink Poodle

The sweetest dog on the block !

Elvis

It’s good to be (the) King!

See more on our PivotCare Team at Pivot.com, your Life Insurance Marketplace for Life's Pivotal Moments. Get a free life insurance quote today!

Planning for Retirement-Is Your Life Insurance Working for You?

2014-10-28T14:25:00.000-07:00

Life is full of moments when life insurance should be reconsidered or reevaluated. These times are Pivotal Moments - those instances when you’ve reached a turning point or a milestone, and when the foundation of your life changes. Having a baby, buying your first home, and receiving a promotion at work are just a few of these pivotal moments. Another of these moments is when you decide to retire.

Your retirement is most likely something that is well thought out, and for many it feels like it can’t get here soon enough. Life insurance may not be top-of-mind during this time, but it’s something that should be considered carefully once you decide to retire. Retirement is often met with many changes in lifestyle, especially when it comes to your daily lifestyle. Life insurance and whether or not you make changes to your life insurance policy are things you should evaluate when retirement is on your horizon. Retirement is well deserved and should be enjoyed to the fullest. Having your life insurance arranged the right way, for your specific situation, will help you enjoy your retirement worry-free.

What should you do with your life insurance policy when you decide to retire? Some couples cancel their life insurance policies as they enter into retirement. The thought process here is that if retirement is well planned for, there would be no immediate loss of income for the surviving partner, should the policyholder pass away. However this may be an unrealistic expectation and for many retirees, life insurance can make a big difference financially and emotionally if the life insurance policyholder passes away. There are many expenses that arise, such as funeral costs, that could be covered more easily by a life insurance policy. Having the right life insurance coverage for your situation helps protect your family against unforeseen costs.

In planning for retirement, there are many steps that must be taken. However, we should point out that simply the act of planning is key. When you near retirement, hopefully you’re taking a close look at your financial investments and commitments. Also, you should be closely considering non-financial factors such as your health, your lifestyle, and your plans for the future, especially any major financial investments you may be making. All of these things and more should factor into your retirement planning, which is why you should speak with a professional life insurance representative when evaluating if your life insurance coverage is still right for you. With the help of a professional life insurance expert, you can determine the type of life insurance policy that’s best for you, and the variations of the policy that fit your specific situation as a retiree. Your life insurance advisor will help you ensure that your family’s future is financially secure in the event of your passing. Retirement for many is often referred to as the greatest years of one’s life. Having adequate life insurance can help you truly enjoy your retirement years to the fullest.

Learn more at Pivot.com, your Life Insurance Marketplace for Life's Pivotal Moments. Get a free life insurance quote today!

Decisions About Life Insurance Come with Marriage

2014-10-16T11:13:00.000-07:00

When thinking about your impending marriage you are probably thinking about all of the ways that you will be merging two households and lives for that matter. With so many things to think about, make sure decisions about life insurance aren’t lost in the shuffle. If either of you have life insurance policies already, may have some decisions to make regarding what you want to do with them when you get married.

The first step is to look at your life insurance policy and see if it would be better served by putting it together with your new spouse’s. There are some things that you should remember when you are combining life insurance policies with your new spouse. First of all, when you are examining your life insurance policies, you want to be sure that you are able to benefit from the way that things are set up. For instance, if you have a life insurance policy through work, you might not be able to add your spouse. Talk with your current provider to see what you are able to do with your insurance policy.

If you have purchased life insurance privately before you get married, you want to see if your policies will work if you put them together. Some married couples find it much easier to leave their policies separate, because that way they can be sure that they are both covered. If something happens to one of them, the other will still have the same policy.

On the other hand, many couples end up ending separate policies opting for joint policies instead. It is a good option because they will be able to be covered together and it is usually less expensive. If you both already have policies, you might be able to find a better deal by choose to go with a joint policy.

Life insurance is just another way of loving and protecting each other under even the most unimaginable situations in your marriage .With the right policy in place you can rest easy, knowing that if something should happen to you, your spouse be taken care of.

If you’re engaged, make one of your first steps calling your local life insurance marketplace professional. Your local agent can advise you and your significant other on your existing policies and or new coverage within your budget, as well as how much life insurance you should have in relation to your income, assets, and other factors.

See more on Pivot.com, your life insurance marketplace for life insurance when getting married. Get a free life insurance quote today!

Bringing Life Insurance Into Focus for Retirement

2014-10-07T07:43:00.000-07:00

When you’re heading into retirement, there are many things that will likely be top of mind for you besides life insurance. For example, you’ll be thinking about your savings, your family’s well being, your upcoming spare time, and so much more. Even if life insurance isn’t something you think about when you’re edging into retirement, it’s important nonetheless and something that you should consider regardless of where you are in the retirement process.

There are many times in life that should bring life insurance into focus. Buying your first home, having a baby, getting a promotion, and more are all life changes, or pivotal moments, that should make you wonder - Do I have the right kind of life insurance? Depending on the policy you had before and the changes you’re undergoing, the life insurance coverage you have might not meet your family’s current needs. Life insurance can be a difficult topic to consider, and it may not seem as urgent as other things do when retirement is looming. However, determining your life insurance set up now will help you continue to build a promising future for your spouse and children, even after you retire. And if you have a life insurance policy provided to you by your employer, retirement is especially the right time to determine your life insurance policy basics and what you should have - and in many cases, additional life insurance is most likely necessary in order to have the best coverage available. After all the purpose of life insurance is to provide your family with a safety net that is big enough for every need your family might have.

So, who needs life insurance? Let’s ask this instead - do you have anyone relying on you? If you do, then you need life insurance. Life insurance is meant to provide for families after a death. So, the question goes beyond, do you need life insurance… Do you have enough life insurance?

There are different types of coverage to consider. Each life insurance type can potentially be customized further to your specifications. Permanent, or whole, life insurance policies are built to run from the time of purchase until the event of death, regardless of age. You can buy these policies at any time, although it’s more common for younger adults to purchase permanent life insurance policies. Permanent life insurance policies can also be borrowed against without taxation, so if you’re investing funds prior to retirement, permanent life insurance is a great option. Permanent life insurance typically also involves some type of investment or money market account, which over time can increase the value of your life insurance policy. On the other hand, term life insurance policies are cheaper, but only cover a specific time period - such as from the time of purchase until the event of death or to a certain age. While term life insurance is a great way to cover your family at a lower cost, it’s important to work with a life insurance professional to make sure you have the coverage you need and that you aren’t under-insured. The type of life insurance that’s right for you depends on your financial situation, your goals, your budget, and many other factors.

So how do you go about determining the right life insurance policy for you and your family? A typical industry standard is to purchase enough life insurance to replace five to seven years of your salary, however, many families plan for more than this depending on their lifestyle, the number of kids they have, the age of their children, if you have a mortgage, and much more. If you’re retiring, you can use your average salary as a way to estimate what five to seven years of income would be, but it’s best to work with a life insurance professional to make sure you have all your bases covered.

It’s also important to note that not all life insurance providers are created equally. When you’re comparing two different life insurance policies and contemplating which to purchase, you may think you’re comparing apples to apples - but that may not be the case. Working with a life insurance specialist will help you examine all your options and understand your choice on a deep level. Life insurance isn’t something to be taken lightly, especially as you near retirement. Give yourself peace of mind by selecting life insurance that fits you and your family. Then, you can enjoy your retirement knowing that your family’s future is secure.

Visit Pivot.com, your life insurance marketplace today for a free life insurance quote.

Getting Married? Get Life Insurance

2014-09-23T07:53:00.001-07:00

Life insurance is one of those things in life that comes along when you have other things going on in your life. When life hands us pivotal moments - moments that change everything, such as buying your first home or getting married - it’s often a very busy time. During these times are usually when we realize that our current life insurance may not cover our growing needs. Life insurance isn’t always top of mind, but it’s important and should be a higher priority, especially during these changing times. After all, marriage is a big deal - and it’s typically the first time that many of us take on the responsibility of caring for someone else.

Life insurance is especially important when you decide to get married. But of course, when you’re planning a wedding and perhaps even moving in together, life insurance isn’t the first thing you think about. You’ll be looking for a wedding venue, deciding who to invite to your wedding, consolidating your belongings, and so much more. You may also be combining incomes, retirement funds, home loan documents, and more. Marriage creates a lot of paperwork and requires a lot of planning, so shouldn’t you also plan your new life insurance coverage right along with everything else?

As you enter married life, you should be thinking about life insurance sooner rather than later. If something unexpected were to happen to you, your life insurance is how you would be able to secure your significant other’s financial security. When considering the right life insurance for you and your expanding family, it’s important to remember that your life insurance plan should be just like you and your marriage: unique. Each family’s life insurance need is different, so rather than simply guessing what you should have in life insurance coverage, you should work with an insurance provider who understands that the needs of you and your future spouse are unique to you.

There are two basic types of life insurance policies - permanent and term - with ways to customize each type of plan based on your needs and goals for the future. Permanent life insurance policies run from the time of purchase until the end of the policyholder’s life, regardless of their age. On the other hand, term life insurance policies are typically less expensive than permanent policies, but only cover a specific time period - for example, from purchase to age 65. These policies are typically less expensive due in part to the fact that they insurance you for a more limited amount of time.

When you’re getting married, talking to your spouse about life insurance may be difficult or even awkward. No one wants to talk about dying! But you’ll be glad that you and your significant other had these discussions after you determine the best life insurance for your situation. With life insurance comes peace of mind, and purchasing life insurance means that you’re providing your significant other with financial security and peace of mind.

Learn more about life insurance when getting married at Pivot.com, your life insurance marketplace. Get your free life insurance quote today!

Having a Baby? It's Time to Evaluate Life Insurance Needs

2014-09-18T12:18:00.002-07:00

If you and your significant other are about to have your first baby, life insurance may not be top of mind. Many couples find that there are plenty of things that cross your mind and that seem more important than life insurance, such as purchasing a crib and baby furniture, clothes, diapers, car seats, strollers, and so many more important items. There are innumerable things that cross your mind when you’re about to become a parent. Not only do you have to buy those necessary items for your baby, but you are probably also thinking about day care, school districts, whether your house gives you room to grow, and more. However, there are many times in life that life insurance does need to be top of mind. Life changes, or Pivotal Moments, give people an opportunity to realize that their current life insurance coverage might not meet their family’s needs - especially if your family is growing! Life insurance can be a difficult topic to talk about for some of us, but being fully insured is a great way to make certain your family’s future is secure.

As you enter into the world of parenthood, you should be thinking about life insurance sooner rather than later. For many new parents, it’s likely that you don’t have enough life insurance coverage, or you won’t have enough if you wait to buy until after your baby is born. Some people are lucky enough to have a life insurance policy provided through their employer, which is a great start. But considering additional life insurance is a great idea. When it comes to life insurance, you want a safety net that is big enough for every need your family might have if you were not there to care for them. So really, when you are having a baby, there are several life insurance questions to consider - do I have life insurance? and, do I have enough?

When considering the right life insurance for you and your family, it’s important to remember that your life insurance plan should be just like you and your needs: unique. Each family’s life insurance need is different, so instead of just guessing what you should have in life insurance coverage, you should work with an insurance provider who understands that the needs of your family are unique to you.

Let’s start by discussing the basics of life insurance. There are two basic types of life insurance policies - permanent and term - with ways to potentially personalize or modify each type of plan based on your needs and goals for the future. Permanent life insurance policies run from the time of purchase until the end of the policyholder’s life, regardless of age. These policies tend to be more costly, in part because of the wide range of coverage. Many permanent policies also come with investment options, which can provide some extra long-term financial security. On the other hand, term life insurance policies are typically less expensive than permanent policies, but only cover a specific time period - for example, from purchase to age 65. These policies are typically less expensive due in part to the fact that they insurance you for a more limited amount of time.

Next, let’s discuss how much insurance is right for you and your family. As we mentioned before, each family’s needs are different. However, a typical industry rule of thumb is to start calculating your life insurance needs by planning to purchase enough life insurance to replace five to seven years of your salary at an absolute minimum - or more if you can afford it. In addition to this consideration, it’s important to keep in mind that many families today have a mortgage, car payments, and other monthly bills. And, if you have a baby on the way, there are college funds to think about too, and extra healthcare, among other extra expenses. If you want to cover these expenses in addition to your salary, you should work with a professional to calculate the estimated life insurance coverage you will need. And of course, there are ways to estimate these costs for the future by using life insurance calculators in addition to expert-level advice. But it bears repeating that this is where a life insurance professional’s help comes in handy. If your goal is for your family to maintain their current lifestyle in the event of your passing, it’s crucial to work with an educated and trusted advisor who can calculate the coverage that’s right for your family and leave no room for error.

Thinking about life insurance when you’re about to have a baby can seem intimidating for many people. However, it shouldn’t be, for a few reasons. First, life insurance is one of the most meaningful things you can do for your family to show them how much you love them. What better way to show your love than to take steps to make sure your family is covered and comfortable in the event of your passing? And second, when you have the ability to work with a trusted and experienced life insurance industry professional, you can tackle your biggest life insurance questions head on. No matter what your situation is, your life insurance professional will help you sort through it and decide on the coverage that best fits your needs and budget.

And it simply must be repeated that most importantly, when you are considering the specific life insurance coverage that’s right for you and your growing family, you’ll want to work with an insurance provider who you know and trust, and who understands your needs. Resist the urge to do a quick internet search and buy the first life insurance policy that you see online. Deciding on a life insurance plan is a serious decision, with lots of aspects to consider, both financial and personal. So it’s important to work with a life insurance provider who can help you uncover what’s right for you and your family’s future. After all, your life insurance expert is here for you to be an advisor and consultant, so you can focus on all the other tasks you have ahead of you before your baby arrives. If you have a baby on the way, reach out to a life insurance professional today!

Get a free life insurance policy quote today at Pivot.com!

How Much Life Insurance Does My Family Really Need?

2014-09-11T06:13:00.000-07:00

Do you know how much life insurance your family needs? There are many times when you should think about life insurance. Life changes, or in other words, pivotal moments, are times when you might realize that something significant in your life has changed, but your life insurance has not. Maybe you bought your first home, or got a big promotion at work, or perhaps you’re having your first baby. Do you have enough life insurance to cover your family if something were to happen to you?

Life insurance may be uncomfortable or intimidating to talk about, but it’s crucial if you want to ensure the safety of your financial future. Even if you have a life insurance policy provided to you by your employer, additional life insurance is most likely necessary. When it comes to your life insurance, you want a safety net that is big enough for every need your family might have.

Do you have life insurance? If you have it, do you have enough? Life insurance was created to provide for families after a death. It’s a way for you to ensure that your children and significant other are able to live their life to the fullest, even if you are not there physically to provide for them. When it comes to determining how much life insurance your family needs, every family is unique and has different needs. For example, let’s say that a family has a mother who works, a father who stays at home with the kids, and two children. Although the primary earner should have life insurance, it’s also a good idea to consider the costs affiliated with handling the needs of the household on a daily basis, and to take these costs into consideration when determining how much life insurance to purchase. Or, let’s say that a family has two working parents and one child. This family undoubtedly has different needs than the previous example, and those needs should be carefully considered when determining the right life insurance to purchase. For these reasons and many others, it’s best to work with a life insurance professional when determining how much life insurance is appropriate for your family.

When you’re considering the amount of life insurance that’s right for your family, it’s also important to consider the types of life insurance that are available. There are two main types of life insurance: term and permanent. Term life insurance policies typically last for a certain time period, for example from the time of purchase to age 65. Permanent life insurance policies typically run from the time or purchase to the time of death, regardless of age. Term policies are generally more affordable, while permanent policies cost more, but offer other benefits. The type of life insurance that’s best for you truly depends on the unique needs of your family and how you want to provide for them in the future.

Life insurance is a complex matter, so when you’re ready to buy more or add on to your current coverage, contact your local life insurance professional to ensure you’re purchasing the best life insurance policy for your family.

Get a free life insurance estimate today at Pivot.com, your life insurance marketplace!

How Much is Enough? Estimating Life Insurance Coverage Needs

2014-09-02T11:33:00.000-07:00

Life insurance can be a tricky topic for many people, but it doesn’t have to be. How much life insurance do you need? When do you plan on retiring? What types of life insurance can help you plan for your future, post-retirement needs? These questions and more are something everyone should consider. But you don’t have to do it alone! You can reach out to your local life insurance professional for guidance.

So first, let’s discuss who needs life insurance. If you have anyone who depends on you - a spouse, or a child for example - you need life insurance. Additionally, if you own any assets, such as a home, you need life insurance. Life insurance protects the assets you own, and it can also help provide for your family in the event that you were to pass away. While death is most certainly not an easy thing to consider, it’s important to keep in mind that determining the life insurance package that’s right for you and your family also can provide peace of mind. Life insurance is made to provide for your family after a death, and it’s a way for you to ensure that your family is able to live their life to the fullest - even if you are not there physically to provide for them.

When considering how much life insurance is enough, the first thing to take into consideration is the type of life insurance you intend to purchase. Permanent life insurance usually runs from the time of purchase until the event of your death, regardless of your age. Term life insurance policies are usually more affordable, but only cover a specific time period - such as from purchase until the age of 65. Both permanent and term life insurance policies can also usually be customized to some degree, so your life insurance plan can fit your specific needs and budget.

There are supposed standard formulas to considering how much life insurance is right for you - such as buying coverage that equals eight to ten times your salary. But the truth is, every person’s life insurance needs are different. For example, two people may earn equal salaries, but their individual needs, such as their financial assets, their debt to income ratio, their health, whether or not they have children, and more can all affect their life insurance decision. Plus, we all experience different pivotal moments in life - moments that can be monumental or subtle, but are nonetheless life changing. These pivotal moments, such as buying your first home, paying off your car, having your first baby, and more, can make a big impact on your life insurance choices.

One philosophy to determining the amount of life insurance you need is to assess whether you need extra coverage or add-ons to your chosen policy only after you project your life insurance needs in relation to four categories: final expenses, mortgages and other debts, education expenses such as college tuition for your children. and income replacement - or in other words, a monthly amount that your family could use until your significant other reaches retirement age. To clarify these life insurance components further, final expenses relate to how much you expect your funeral and any related expenses to cost. Some funerals cost a few thousand dollars, but costs can increase significantly depending on your wishes. Mortgages and any other debts is a fairly straightforward calculation, but college or education expenses can be more difficult to estimate - especially if your children aren’t near college-age. And salary replacement can be tough to determine as well. While you can certainly make your best estimate, it’s smart to work with a life insurance professional to determine how much life insurance is right for you. After all, rather than take your best guess and buy a policy online, wouldn’t you rather partner with an expert who understands the life insurance industry and perhaps more importantly, who understands YOU? Of course you would!

Another benefit of working with a life insurance professional to determine the right amount of life insurance coverage for you is that they can help you determine what your monthly premium amount will be based on the life insurance package you want to purchase. Your life insurance professional can also help you determine if you should buy one type of life insurance now and convert it to another type of life insurance policy later - and what types of life insurance packages are eligible for that type of conversion.

Determining how much life insurance can be challenging, but by following the basic guidelines we’ve set here and by working with a life insurance professional, you can determine the amount of life insurance that’s perfect for you.

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We Don't Have Children - Do We Really Need Life Insurance?

Healthy Thanksgiving Recipes From Our PivotCare Team Family to Yours

Healthy and Easy Recipes Your Family will Love!

Ken Buccico’s Pumpkin Mousse

Life Insurance Can Give You a Firm Financial Foundation for Raising a Family

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Include Life Insurance When Planning for Baby

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PivotCare Team - Favorite Halloween Costumes

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Planning for Retirement-Is Your Life Insurance Working for You?

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Decisions About Life Insurance Come with Marriage

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Bringing Life Insurance Into Focus for Retirement

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Getting Married? Get Life Insurance

Learn more about life insurance when getting married at Pivot.com, your life insurance marketplace. Get your free life insurance quote today!

Having a Baby? It's Time to Evaluate Life Insurance Needs

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How Much Life Insurance Does My Family Really Need?

How Much is Enough? Estimating Life Insurance Coverage Needs

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See more on our PivotCare Team at Pivot.com, your Life Insurance Marketplace for Life's Pivotal Moments. Get a free life insurance quote today!

See more on our PivotCare Team at Pivot.com, your Life Insurance Marketplace for Life's Pivotal Moments. Get a free life insurance quote today!

See more on our PivotCare Team at Pivot.com, your Life Insurance Marketplace for Life's Pivotal Moments. Get a free life insurance quote today!