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Tuesday, February 19, 2013

Guest blog post: What insurance policies should you not be without!

I'd like to thank my dear friend Shantee for taking the time out of her already busy day to write a guest blog post. I hope you all find her post as informative as I have.







Hello Everyone,
My name is Shantee Fisher. I have known Alexandra for well over 19 years. We attended some elementary school together and reunited in our adult years and have been inseparable ever since. She would be the only person I would turn to for makeup and product advice as well as “mommy” advice and recipe tips (the potato salad I made could not have come out as great as it did without her! J) I am a wife of 9 years and we have two daughters. I have worked in the insurance industry for over 12 years and I love it. I have now made a career out of it. I work for the “Number 1” insurance company and the biggest insurance company in America: State Farm Insurance. Today I would like to touch on the topic of what I think is the most important insurance product that EVERY living person NEEDS: Life Insurance. Life insurance tends to be a touchy subject amongst people of all shapes and sizes. No one likes to think of when they will meet their demise, although it is inevitable. Vehicles come and go.. as do homes or other material possessions, your life can NEVER be replaced.
There are many different life policies that are tailored to meet the individual need of a person. You can get a fancy policy, a technical policy or a very simple one. There are 3 main key points to keep in mind when choosing the best policy for you. The first is “How much will my funeral cost, and does the person who will be in charge of my final expenses have the money NOW?” An average funeral can cost between $5,000 and $10,000. If the answer to this question is NO then life insurance is definitely needed. Life insurance is the only insurance product that is guaranteed to pay. It is also the most unselfish thing you can do for your family.
Second thing to keep in mind is “How much will my family need to live comfortably at the event of my death?” Does your family depend on the income that you bring into the household? If yes, how many years of that income do you need to have them live comfortably? My youngest daughter is 4 years old. I calculate that my income will be needed for at least another 10 years until she is old enough to take care of herself. Take the annual income you make and multiply it by how many years it will be expected (usually when your youngest child is in his/her teenage years) plus the funeral cost. And that is how much life insurance you need. Another way of calculating how much you may need is by the amount of property you owe. Is there a home you would like to pay off; a car or two? Calculating these totals together will also give you an idea of how much insurance you may need.
The third point is “How long do I expect to live and will I still be able to afford my insurance premiums at that age?” We all expect to live a long and happy life. Average life expectancy today is about 80 years of age. At age 80, will you still have a sufficient income to be able to afford the same (or higher) life insurance premiums? There are many policies out there that are permanent that you can lock in a lower price now and still pay the same regardless of how old (or young) you get. There are also policies that you can “pay off” or “pay up” and be done with the premiums a 10 or 20 years but still have an active policy until its time to go from this earth.
I can probably write a book on the many types of policies, on what I think is best to pick for you and your family and when it is a good time to start, stop, increase, decrease, change, adjust, etc. Hope this was helpful information to begin a successful journey of proper life insurance planning. J
~ Shantee Fisher (JPFG)
Agent’s Executive Assistant
Agent: Marianne Valenzuela 55/0767
( Phone 760.768.1400
7 Fax 760.768.50058 Email: shantee.fisher.jpfg@statefarm.com
*Address: 724 Emerson Ave Ste B, Calexico, CA 92231