Category: Life Insurance

Life Insurance - An Act of Love

2/19/2016

Nothing says love quite like Reese's hearts, a baby dressed in pink and pearls, and...life insurance.

Life insurance means more than money. It means planning for the future of you and your loved ones, providing that peace of mind that everything will be okay for those who depend on you, even if you aren't there in person.

Take a few minutes to watch this brief overview on life insurance provided by the Insurance Information Institute.

For additional information, refer back to our post on the advantages of life insurance here, and our post on the different types of life insurance available here.

At ALINK Insurance Services, we will assist and help you determine the type and amount of life insurance that is appropriate for you and your family. Give us a call today at any of our offices listed below and we can help you select the best life insurance coverage for your needs.

Denver Metro/Parker: 303-752-6479
Colorado Springs: 719-473-6262
Greeley: 970-475-0900
Surrounding States: 877-643-6148

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Life Insurance. Don't Wait.

9/1/2015

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September is Life Insurance Awareness month. Too many Americans do not have adequate life insurance protection. According to the industry research group LIMRA, 95 million adult Americans have no life insurance whatsoever.

Ask yourself this: What if you were suddenly gone and your family had to manage on their own? When was the last time you did the math to make sure your loved ones would be financially sound? Have you checked with your employer to find out what kind of life insurance benefit you have through work and whether you have the option to increase your coverage? When was the last time you had your life insurance needs reviewed by an insurance professional?

Here's the bottom line: A majority of families either have no life insurance or not enough, leaving them one accident or terminal illness away from a financial catastrophe for their loved ones.

Life insurance can do some pretty amazing things for people. It can buy loved ones time to grieve. It can pay off debts and loans, providing surviving family members with the chance to move on with a clean slate. It can keep families in their homes and pre-fund a child’s college education. It can keep a family business in the family. It can provide a stream of income for a family to live on for a period of time. First things first, though: you need to own life insurance.

ALINK Insurance Services wants to make sure Americans are reminded of the need to include life insurance in their financial plans. We are joined in this educational initiative by more than 100 of the nation’s leading insurance companies and industry groups, this is important, people! Don't wait until it's too late. Give us a call today to discuss your life insurance options, we're your link to security!

Denver Metro/Parker: 303-752-6479
Colorado Springs: 719-473-6262
Greeley: 970-475-0900
Surrounding States: 877-643-6148

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Life Insurance – Protect the Ones You Love

2/20/2015

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The end of February is drawing near, but just because Valentine’s Day is over doesn't mean we have to stop showing our loved ones we care. Protect the ones you love with life insurance!

The necessity of life insurance depends on your own personal and financial needs. After learning about WHO needs life insurance and after reviewing some of the key advantages of life insurance here, it’s time to determine what type of life insurance you need.

At ALINK Insurance Services, we assist and help you determine the type and amount of life insurance that is appropriate for you and your family. We can help you select the best life insurance coverage for your needs. There are several different types of life insurance products available – the most common include:

Term Life Insurance

Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent (whole) life insurance, and is available in varying time periods with fixed premiums from a one year (annual renewable term) to 20-year (level term) period. Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

Whole Life Insurance

Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.

Universal Life Insurance

Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

So what type of life insurance is best for you? Talk with our team at ALINK Insurance Services today at:

Denver Metro/Parker: 303-752-6479
Colorado Springs: 719-473-6262
Greeley: 970-475-0900
Surrounding States: 877-643-6148

We can assist in identifying the best protection for you!

We’re your link to security!

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Life Insurance = Love Insurance

2/12/2015

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February is the month of LOVE. Aside from the romantic Valentine’s Day dinners, roses, chocolates, candies, and love notes, what a perfect time to make sure the ones you love are protected!

Having the right life insurance is pivotal in planning for the future of you and your loved ones. Life insurance can help you fulfill promises you've made to your family when you are gone. ALINK Insurance Services can help you find the right life insurance coverage for you, and help ensure that your policy continually meets your needs. Don’t leave the future of you and your loved ones to chance!

What You Need to Know About Life Insurance

Life changes – so should your policy.

One day you'll be enjoying a day at the park with your little ones...

...and the next you'll be sending them to their senior prom, watching them get married, seeing them graduate from college, saying goodbye to your 4th child as they leave the nest - leaving you with only one more at home, meeting your grandchild for the first time. LIFE CHANGES and it changes quickly!

For each of our neighbors here in Colorado Springs, the right life insurance will be unique for you and dependent on your personal and financial needs. As your life changes, your life insurance coverage may need to change in order to adapt to your current needs. Some life transformations that may require a policy “tune-up” and our help at ALINK Insurance Services include:

You recently married or divorced
You have a new child or grandchild
You have opened or expanded a business
Your health or your spouse’s health has deteriorated
You are providing care or financial assistance to a parent
Your child or grandchild requires assistance or long-term care
You recently purchased a new home
You are planning for a child or grandchild’s education
You are concerned about retirement income
You have refinanced your home mortgage in the past six months
You or your spouse recently received an inheritance
You have a sizable estate

If you are still unsure if you really NEED life insurance, refer back to this post.

What are the advantages of life insurance?

Having the right life insurance is essential to planning for your present, and your future. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.

Advantages of the Life Insurance Death Benefit:

When you pass away, your life insurance provides income tax-free money to your named beneficiary or beneficiaries that can be used to:

Pay for funeral costs
Help pay the bills and meet ongoing living expenses
Pay off outstanding debt, including credit cards and the mortgage
Continue a family business
Finance future needs like your children’s education
Protect a spouse’s retirement plans

Advantages of Living Benefits:

The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

The right life insurance coverage for each and every one of our neighbors in Colorado is unique – talk with the ALINK Insurance Services team today to find out how to protect your family and your future with the right life insurance.

Denver Metro/Parker: 303-752-6479
Colorado Springs: 719-473-6262
Greeley: 970-475-0900
Surrounding States: 877-643-6148

Happy Valentine's Day!

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Do You Need Life Insurance?

2/20/2014

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Old or young, if you’ve ever wondered if a life insurance policy is right for you, it’s a good idea to look into it. Here are a few tips from the number-talking experts (source):

{5 groups that really DO need life insurance}

Although married couples and parents are among the best candidates for a life insurance policy, the single or childless shouldn’t automatically count themselves out. “The reality is most people need life insurance,” says Stephen Rothschild, chairman of the Life and Health Insurance Foundation for Education. “A simple rule of thumb is that if someone will suffer financially when you die, you should be covered by life insurance.”

1. Empty Nesters.

An increasing number of retirees are caring for their grandchildren, which often includes assuming complete financial responsibility.

Your spouse could outlive you by 10 to 30 years; a policy can insure that they can maintain their standard of living.

Life insurance offers the ability to leave money to your children and grandchildren.

A permanent life insurance policy that builds cash value can give you extra financial security for future unexpected needs or opportunities.

2. Singles without children.

Many singles end up taking care of elderly parents; as people live longer, this could become more and more likely.

Life insurance can cover your funeral costs and debt obligations so your loved ones don’t get stuck with the bill.

If you have a charity close to your heart, life insurance can help you leave it a legacy; by paying a little each month, you can donate significant dollars upon your death to a cause you are passionate about.

If you are young and healthy, you are likely to qualify for a lower rate and lock in the premium. This approach makes sense if you anticipate marriage and family in the future and want to keep costs low during those years.

3. Small business owners.

As a business owner, you most likely have a team of employees depending on you. If you have life insurance, you could fund a retirement plan for them. This kind of perk can help retain good workers.

If you buy a permanent life insurance policy, you can borrow against the cash value for business expenses.

You can join your business partners in purchasing a policy that would pay out if one of you dies. Those funds could then be used to buy out the deceased owner’s share of the business.

You could consider a “key person” insurance policy if you have a valuable employee whose death could have a major negative impact on your business. These types of policies pay money to the company in the event of that person’s death.

4. Retirees.

Even if your house is paid off and you and your spouse are set with retirement income, you may need life insurance to protect your heirs. A policy could provide funds for your family to pay estate taxes and other expenses associated with your death.

Life insurance can be used as “estate equalization.” For example, if a small business owner has two sons and a daughter, he can purchase insurance to provide his daughter with an equivalent share of the value of the business that will go to the boys.

With an insurance policy to help provide an inheritance, retirees can spend the money they have saved over their lifetime, knowing that they will be leaving a legacy in the form of a tax-free death benefit to their heirs.

5. Stay-at-home parents.

If one parent works while the other looks after the children, often they purchase a life insurance policy based on the working spouse’s income. Don’t forget to account for the stay-at-home parent’s value.

Life insurance could help pay for the services the stay-at-home parent currently provides, including child care, transportation, cooking, and cleaning.

At ALINK Insurance Services, we can help you with your life insurance questions, and offer a full array of products for you to choose from. Give us a call or visit http://www.alink2insurance.com/ today!

Denver Metro/Parker: 303-752-6479
Colorado Springs: 719-473-6262
Greeley: 970-475-0900
Surrounding States: 877-643-6148

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Life Insurance - An Act of Love

Life Insurance. Don't Wait.

Life Insurance – Protect the Ones You Love

Life Insurance = Love Insurance

Do You Need Life Insurance?

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