Financial Focus Look past these life insurance myths Most people recognize the need for life insurance - but many of them still don't have it. Why? People offer a variety of rationales for remaining unin- sured. But these reasons may just be myths. Here are a few ."Iget enough life insurance through my employer." of them: ."T'm single (or married with no children), so I don't need life insurance" Even if you're single, you may still have financial obligations that could be met by life insur- ance proceeds if something happened to you. Perhaps you second, an employers life insurance policy is not neces- have taken out some loans with a co-signer who would be sarily portable - if you leave your job, you might lose vour my beneficiaries? You may want to work with a financial on the hook for the balance, or maybe you have a business coverage. partner who might be in trouble without your resources. And if you're married but don't have children, you'd still want to provide support for your spouse, particularly if student loans or a mortgage is involved. . "Life insurance is too expensive." Different types of insurance carry different costs. If you purchase permanent idea to look at what various companies might offer, as in- insurance, such as whole life or universal life, your premi- ums are paying for a death benefit and a savings compo- nent. Consequently, this type of policy is more expensive than term insurance, which just provides a death benefit for a certain number of years. Term insurance is usually quite affordable, and, generally speaking, the younger you the death certificate - and that's about it. An insurer must are, the less expensive the policy- and, of course, you can have a strong reason to deny a caim, and, in fact, the com- pany is typically motivated to pay as soon as possible to avoid incurring interest charges for delayed payments. shop around for the best rates. Many employers do offer life insurance as an employee benefit, but there are two possible issues with this coverage. Don't let any of these myths deter you from obtaining life First, it may be for a minimal amount and not enough for insurance. Then, when you're ready to act, you'll need to ask your needs, especially if you have several dependents. And some questions: How much coverage do I need? Should I get term or permanent insurance? How should I designate professional to determine the type and amount of insurance you need. Once you've gotten your coverage in place, you'll know that you've done what you could to help protect your loved ones - and that's no myth. "I have a pre-existing condition, so l'm sure I couldn't get life insurance" Some pre-existing conditions don't automatically disqualify you from getting life insurance, although you might end up paying higher premiums than someone without any health issues. In any case, its a good This article was written by Edward Jones for use by your local Edwand Jones Financial Advisor. Edwand Jones. Member SIPC. surers use somewhat different underwriting processes and Edward Jones is a licensed insurance producer in all states and may view pre-existing conditions differently. ."Insurers don't want to pay out the proceeds." Actually, Jones Insurance Agency of California, LLC.; Edwand Jones theres a fairly straightforward process for paying out death benefits. Your beneficiaries must file a claim and submit Washington, D.C., through Edward D. Jones & Co., LP, and in California, New Mexico and Massachusetts through Edward Insurance Agency of New Mexico, L.L.C; and Edwand Jones Insurance Agency of Massachusetts, LLC. Edward Jones Michael C. Caley AAMS Pam Covington CFP" AAMS Edward Jones Edward Jones Sean P. Asiala AAMS Edward Jones Tod Heisler AAMS* Edward Jones Jason Korner CFP Edward Jones Quinn Nofziger Edward Jones Gwen Ruppert AAMS Edward Jones Karen Rupert AAMS Financial Advisor Financial Advisor Financial Advisor 91 Chestrut His Parway Fort Wayne, IN 4814 Sean Asialdedwardjones.com Financial Advisor 414 S. Scom Rd Fort Weyne, IN 4814 Ounn Notsedardones com 399-5853 Making Sense of Investing Financial Advisor 7525 West Jatferaon Blvd. Financial Advisor 7030 Ponpe inverness Way Sute 125 Fort Wayne, iN 46804 Tod Healerdedwardones.com Financial Advisor 14413 linois Rd Ste E Fort Wayne, IN 46814 Owen Ruppert@edwardjones.com 625-3524 Making Sense of Investing Financial Advisor 7122 Homestead Rd. Suite C Fort Wayno, IN 46814 Karen Pupertdedwardiones.com 263-4760 Making Sense of Investing 6525 Constitution Dr 7329 West Jetferson Blvd. Fort Wiyne, IN 46804 Michael.Caley@ednardones.com Fort Wayne, IN 46804 Pam.Covingnon@edardones.com 478-8038 Fort Wayne, IN 46804 Jason Komerdedwardones com 444-3134 Making Sense of Investing 625-5700 Making Sense of Investing 432-0304 Making Sense of investing 432-3613 Making Sense of Investing Making Sense of Investing Financial Focus Look past these life insurance myths Most people recognize the need for life insurance - but many of them still don't have it. Why? People offer a variety of rationales for remaining unin- sured. But these reasons may just be myths. Here are a few ."Iget enough life insurance through my employer." of them: ."T'm single (or married with no children), so I don't need life insurance" Even if you're single, you may still have financial obligations that could be met by life insur- ance proceeds if something happened to you. Perhaps you second, an employers life insurance policy is not neces- have taken out some loans with a co-signer who would be sarily portable - if you leave your job, you might lose vour my beneficiaries? You may want to work with a financial on the hook for the balance, or maybe you have a business coverage. partner who might be in trouble without your resources. And if you're married but don't have children, you'd still want to provide support for your spouse, particularly if student loans or a mortgage is involved. . "Life insurance is too expensive." Different types of insurance carry different costs. If you purchase permanent idea to look at what various companies might offer, as in- insurance, such as whole life or universal life, your premi- ums are paying for a death benefit and a savings compo- nent. Consequently, this type of policy is more expensive than term insurance, which just provides a death benefit for a certain number of years. Term insurance is usually quite affordable, and, generally speaking, the younger you the death certificate - and that's about it. An insurer must are, the less expensive the policy- and, of course, you can have a strong reason to deny a caim, and, in fact, the com- pany is typically motivated to pay as soon as possible to avoid incurring interest charges for delayed payments. shop around for the best rates. Many employers do offer life insurance as an employee benefit, but there are two possible issues with this coverage. Don't let any of these myths deter you from obtaining life First, it may be for a minimal amount and not enough for insurance. Then, when you're ready to act, you'll need to ask your needs, especially if you have several dependents. And some questions: How much coverage do I need? Should I get term or permanent insurance? How should I designate professional to determine the type and amount of insurance you need. Once you've gotten your coverage in place, you'll know that you've done what you could to help protect your loved ones - and that's no myth. "I have a pre-existing condition, so l'm sure I couldn't get life insurance" Some pre-existing conditions don't automatically disqualify you from getting life insurance, although you might end up paying higher premiums than someone without any health issues. In any case, its a good This article was written by Edward Jones for use by your local Edwand Jones Financial Advisor. Edwand Jones. Member SIPC. surers use somewhat different underwriting processes and Edward Jones is a licensed insurance producer in all states and may view pre-existing conditions differently. ."Insurers don't want to pay out the proceeds." Actually, Jones Insurance Agency of California, LLC.; Edwand Jones theres a fairly straightforward process for paying out death benefits. Your beneficiaries must file a claim and submit Washington, D.C., through Edward D. Jones & Co., LP, and in California, New Mexico and Massachusetts through Edward Insurance Agency of New Mexico, L.L.C; and Edwand Jones Insurance Agency of Massachusetts, LLC. Edward Jones Michael C. Caley AAMS Pam Covington CFP" AAMS Edward Jones Edward Jones Sean P. Asiala AAMS Edward Jones Tod Heisler AAMS* Edward Jones Jason Korner CFP Edward Jones Quinn Nofziger Edward Jones Gwen Ruppert AAMS Edward Jones Karen Rupert AAMS Financial Advisor Financial Advisor Financial Advisor 91 Chestrut His Parway Fort Wayne, IN 4814 Sean Asialdedwardjones.com Financial Advisor 414 S. Scom Rd Fort Weyne, IN 4814 Ounn Notsedardones com 399-5853 Making Sense of Investing Financial Advisor 7525 West Jatferaon Blvd. Financial Advisor 7030 Ponpe inverness Way Sute 125 Fort Wayne, iN 46804 Tod Healerdedwardones.com Financial Advisor 14413 linois Rd Ste E Fort Wayne, IN 46814 Owen Ruppert@edwardjones.com 625-3524 Making Sense of Investing Financial Advisor 7122 Homestead Rd. Suite C Fort Wayno, IN 46814 Karen Pupertdedwardiones.com 263-4760 Making Sense of Investing 6525 Constitution Dr 7329 West Jetferson Blvd. Fort Wiyne, IN 46804 Michael.Caley@ednardones.com Fort Wayne, IN 46804 Pam.Covingnon@edardones.com 478-8038 Fort Wayne, IN 46804 Jason Komerdedwardones com 444-3134 Making Sense of Investing 625-5700 Making Sense of Investing 432-0304 Making Sense of investing 432-3613 Making Sense of Investing Making Sense of Investing