Brought to you compliments of Sarah M. Place, MBA
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May 2005
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Saturday, February 4, 2012
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Thanks for the Help
In reviewing the development of my clientele, I have reached the conclusion that many of you have been quietly assisting me. I know that I am just one of the many professionals to whom you entrust your well-being, and am proud that my success comes from my clients and professional colleagues mentioning me to their friends and associates. I appreciate your confidence in me. You can be sure that I will demonstrate the same courtesy and integrity to your associates and friends that you have come to expect from me.
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Coming to Grips with Life Insurance
Life insurance is one of those things you
know you should pay more attention to, but can never seem to get
around to doing. Part of the reason is an unwillingness to deal
with our own mortality. But the vast array of insurance choices
also makes it difficult to make decisions. To help overcome these
obstacles, consider these points.
[FULL ARTICLE]
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How Much Do You Need?
This is a subject that most people would
just prefer to ignore. After all, it requires you to face your
own mortality and then make some hard decisions about how you
want to provide for your family after your death. A recent study
found that 39% of surviving families did not have any life insurance.
Of those who had insurance, the average amount was just 2.1 times
personal income. Thus, two-thirds of surviving spouses felt that
there was a devastating or major impact on their family's personal
situation after their spouse's death (Source: National Underwriter,
July 5, 2004).
[FULL ARTICLE]
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Reevaluate Your Life Insurance at Retirement
s retirement age approaches, it's usually
a good time to reassess your life insurance policies, since your
needs may change then. With your children on their own and no
earned income to replace, you may no longer need a large life
insurance policy. Especially if your insurance premiums are high,
you may be tempted to cancel the policy, take the cash surrender
value, and enjoy retirement. Before you do so, make sure there
aren't other uses for your life insurance policy. Some possibilities
include.
[FULL ARTICLE]
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Getting Organized for Heirs
Even if you have a formal estate plan, organizing
your personal paperwork and informing heirs of basic decisions
will make it easier for heirs to handle your estate after your
death. Without an organized approach, your preferences
for funeral arrangements may not be followed, friends or family
may not be notified of your death, or items with sentimental value
may not be properly passed on. Without organized financial records,
your heirs may not locate all assets, with the possibility that
stocks, bonds, bank accounts, real estate, or insurance policy
benefits may go unclaimed.
[FULL ARTICLE]
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What Are HSAs?
Effective starting in 2004, health savings
accounts (HSAs) provide a way to help save on medical costs. To qualify, you must be covered by a health
insurance policy with a minimum deductible of $1,000 for individuals
and $2,000 for families in 2005. Maximum out-of-pocket costs for
the medical insurance plan, including deductibles and copayments,
must not exceed $5,100 for individuals and $10,200 for families
in 2005.
[FULL ARTICLE]
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Sarah has over fifteen years experience in the financial services industry. She received her MBA at St. Mary's University Graduate School of Business in San Antonio, TX and her bachelor’s degree in Economics–Finance at Bentley College in Waltham, MA. The firm she founded, Place Trade Financial, Inc., (Member NASD, SIPC) is an active member of the Securities Industry Association (SIA).
Feel free to contact Sarah via e-mail at
sarah@placetrade.com
or visit our Web site
www.placetrade.com
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Published by
Sarah M. Place
Copyright © 2005 Place Trade Financial, Inc., Member NASD/SIPC. All rights reserved.
This newsletter intends to offer factual and up-to-date information on the subjects discussed, but should not be regarded as a complete analysis of these subjects. The appropriate professional advisors should be consulted before implementing any options presented. No party assumes liability for any loss or damage resulting from errors or omissions or reliance on or use of this material.
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TELL A FRIEND
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