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Do you L-O-V-E life insurance?

2/15/2022

American consumers’ top three financial concerns are health coverage, savings goals, and living expenses.1 What if we told you their fourth financial concern, life insurance, had the potential to solve for the first three?
Let’s take a look at some reasons to LOVE life insurance and what it could do for you.
L – Low costMany don’t realize that life insurance doesn’t have to break the bank—there’s a policy out there that can fit your financial situation. Did you know, that for the price of three cups of coffee per month, you could buy a term life insurance policy?2 While affordability is important when considering life insurance, it’s also important to look beyond the price. What benefits does this policy include? How can it help me financially in the long term?
O – OptionsThat’s why a policy with flexibility can be important. We know our clients have individual needs and financial goals. And, as your life changes, your needs may change as well. Many life insurance policies have different features such as living benefits, cash value growth potential, and benefits you can use while you’re alive that may fit your unique life needs.
V – Various life stagesAs you go through the different stages of life, your financial needs and goals can change. Whether you’re graduating college, getting married, buying a house, starting a family, or planning for retirement, all of these momentous occasions require more financial responsibility. Life insurance can walk alongside life with you and help you during these special milestones.
E – Extra protectionStudies of cancer survivors have suggested that between 33% and 80% of the survivors have used savings to finance medical expenses and between 2% and 34% have borrowed money to pay for their care or have medical debt.3 While the main benefit of life insurance is the invaluable death benefit protection it provides, many policies also come with living benefits, which may be used for a variety of expenses—including covering the costs of a major medical illness.

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Achieving work-life balance prior to retirement

2/4/2022

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Your retirement is a time for peace and calm, but you don’t have to wait until your golden years to find relaxation. Achieving work-life balance before you retire can help you stay healthy both mentally and physically.
If you are looking to start reaching work-life balance now, consider the following:
Prioritize

When you have a lot of tasks to complete each day, it’s important to develop a good system to accomplish them. Prioritizing means deciding what should be completed first based on importance. By focusing on high-priority tasks, you can take control of your time, focus, and feel more confident and effective at work. Determine the value level of each task – is it immediate, short-term, or long-term?
Focus on high priority tasks first
Don’t try to do more than you can manage
Keep the most essential activities on your schedule and cut out unnecessary obligations
Do low priority tasks last or ask for help with the work you can’t make time for
Do each task carefully so you don’t have to go back to it

Take small stepsWith your retirement coming up, you may find it difficult to concentrate on your work tasks when you’re thinking about all the impending fun and freedom you’ll have. Or, you may feel like you need to put in as much work as possible before you retire, so you are less focused on doing things at home. Either way, it’s important to try and strike a balance so you don’t lean too far one way or the other. Focusing on one task at a time can help you concentrate on what matters most, it allows you to be more efficient and can result in a greater sense of satisfaction.

Avoid multitasking, which can lead to inefficiency and unwanted stress
Clear your workspace of clutter, which can make working difficult
Clear your email before you start working to prevent virtual distractions
When working on an important task, turn off your social media notifications or your cell phone.

Spend time with yourselfAs you approach retirement, there’s a good chance you’ll have more vacation time to use. You may also have more flexibility at the office. If you have the option to work from home, use your former commute time to do things for yourself. Revive hobbies you may have put aside due to work obligations, play some games, pick up your guitar, or dust off that puzzle set you haven’t gotten to put together. Make time to do something that centers you and brings you joy.
Check-in with othersIf you have close bonds with your coworkers, transitioning to retirement may be emotionally difficult for you. But leaving the workforce doesn’t mean you have to completely sever ties with the people you’re fond of. Keep those connections strong by planning to meet up for dinner, game nights, or coffee.
In-person activities aren’t the only way to enjoy people’s company. Zoom and other online chat platforms are a great way to stay connected to friends and family who are far away.
Review your financesBefore you retire it’s a good idea to talk with a financial professional to help you create a good retirement plan. A financial professional can offer support and guidance, and help you navigate any challenges that may arise before and during your retirement. Having a plan in place may make things easier as you wind down your time at work. It can allow you to breathe a little easier and enjoy your days.

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Do you L-O-V-E life insurance?

Achieving work-life balance prior to retirement

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