Obamacare ... I care

Hospital indemnity ... not Health Insurance but makes it better

It pays a set amount per day or per visit – if you're confined to a hospital bed or visit the ER.  Health Insurance pays for medical services.  Hospital Indemnity pays you.  It helps pay copays and pays you for emergency room visits or unexpected Injuries.

Affordable Care Act - Will the number of choices drop?

If choices drop premiums may increase.  This may increase your deductible.  Hospital Indemnity would help meet your deductible and unexpected expenses.




Ever got paid for just laying in bed?

Imagine missing work because your child got hurt playing hockey.  You have Health Insurance and that's great - It'll cover the ER visit.  But Hospital Indemnity pays you money for the visit to the ER.  And if you get admitted, it'll pay for each day you're in the hospital.  The money can go towards other bills, or to upgrade to a private room in the hospital.  It can be used for copays or other bills.  Parents with kids in sports know Hospital Indemnity  policies make up for the annoying ER visits.





It's not Health Insurance but makes it better 

It's supplemental and the cost is usually under $20 per month ... totally worth it.
A 3 day stay in the Hospital pays you $720.00.  Not bad for just laying in bed.

        
Teresa

Rainy Day

Childcare is more expensive than in state college tuition 

If your spouse is at home raising the children and you're the breadwinner think about having Term Life insurance in place during the children's formative years.  The cost of childcare would cause a huge financial strain on the working parent if the stay at home spouse died.  Life would drastically change if  the surviving working parent needed live-in childcare.

Life Events

Life doesn't stand still.  Your life is probably not the same now as it was 5 years ago.  People get married, have babies, or get divorced and remarry, becoming blended families.  It's a good idea to re-evaluate Life Insurance policies every year to make sure beneficiaries are up to date.  Also consider increasing coverage if  the family grew.

 Better Rate

Better shape and / or losing weight and quitting smoking can qualify for a better rate.  If you didn't qualify or were quoted a higher rate because of health problem, look into a rate reconsideration.  This might reduce your premium, which saves you money or lets you increase coverage for the the same price - Nice!

[hugs]

Teresa

King of the Road

No LIFE Insurance... No Riding.

76 annual Daytona Bike week -Taking place now through March 19.

SUM is your best friend 

UM and SUM coverage should match your Bodily Injury.  SUM will pay your medical bills if someone hits you while Uninsured or Underinsured .  Picture getting into an accident with a driver who lapsed their insurance because they were late on a payment.  SUM can be your best friend.

Spring Forward, Fall Back

Spring is around the bend [pun]. If you plan on putting your motorcycle on the road, you should buy LIFE insurance now and guarantee your insurability  while you're healthy to lock into the best possible rate.

Somebody's  got to talk about it 

Adding a successor, AKA secondary beneficiary to your life Insurance Policy ensures the Life policy be paid to a secondary beneficiary, in the event the primary beneficiary dies before the insured or along with the insured.

25 Times

The NHTSA estimates you are 25 times more likely to die in a motorcycle crash in comparison to a car.  But most insurance companies will not penalize you if you ride.  Unlike sky Diving and  car racing.

Stats

4,693 motorcycle crashes were fatal in 2015 and 60% occured in the Spring.
Florida leads nation in Motorcycle fatalities.  Only 47% of riders wear helmets.

Last but not least, who didn't binge watch Sons ... on Netflix?

[Hugs]
Teresa 

Stephanie Sgroi State Farm

Ain't got no ... And are we selfish

Unless you've been living under a rock you've heard about GOFUNDME accounts.  From raising money for a single mom in the community, to helping pay for a cute kitten's rare surgery.  I feel especially heartbroken when I hear about a child sick with the "C" word or a family who lost everything when a parent died.  

Did you know it's a business

GOFUNDME charges for using their platform.  They deduct 5% from each donation plus a processing fee of 3% from each donation.  

Getting out of control

There's approximately 8M requests daily on GOFUNDME for unexpected and tragic losses.  So many that some people aren't able to raise any money. 

Sooner rather than Later

Life Insurance allows your family to carry on financially if you die.  Life doesn't stand still and an unexpected death brings unexpected expenses.  Usually families aren't prepared for it emotionally or financially.  Plan ahead and guarantee your insurability now before it's too late.

Term Vs Whole

Term Life policies typically give you more coverage at a more affordable premium.  

Whole Life policies are long term policies.  The major pro is that you lock into the age you are when you buy and have coverage up to the age of 100...your hole life! 

Whole Life insurance lets you protect your assets and build cash value that you can use later in life by borrowing against it.  If you have an unexpected expense, you won't need to depend on charity of others from a GOFUNDME you can just borrow against your Whole Life policy. 

Are we selfish 

30% of Millennials think saving for a vacation is more important than buying Life Insurance.  Sadly that's a lot of future GOFUNDME accounts.

You think you can't afford it...then you definitely need it today.  

If you can't afford to pay a bill that typically costs between $25 and $50 per month, how is your family going to pay all of the other expenses like housing, food and gas if you die?

 Ain't got no Life Insurance, don't be selfish.

[hugs]

Teresa