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Inadequate Life Insurance Leaves Spouse with Less

Do you Have Enough Life Insurance? Let us provide you with a free life insurance analysis call Mike Watts or Dick Watts 502-245-3625 Dick Watts Insurance

" If you have dependents, buy enough life insurance so that, when combined with other sources of income, it will replace the income you now generate for them, plus enough to offset any additional expenses they will incur to replace services you provide (for a simple example, if you do your own taxes, the survivors might have to hire a professional tax preparer). Also, your family might need extra money to make some changes after you die. For example, they may want to relocate, or your spouse may need to go back to school to be in a better position to help support the family.

You should also plan to replace “hidden income” that would be lost at death. Hidden income is income that you receive through your employment but that isn’t part of your gross wages. It includes things like your employer’s subsidy of your health insurance premium, the matching contribution to your 401(k) plan, and many other “perks,” large and small. This is an often-overlooked insurance need: the cost of replacing just your health insurance and retirement contributions could be the equivalent of $2,000 per month or more....from III

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Hurricane Season 5 Tips to Protect Yourself

Hurricane Season: Five Tips to Protect Yourself, Your Family and Your Property

The 2007 hurricane season, which starts June 1 and runs through November 30, is expected to be an active one. London-based forecaster Tropical Storm Risk, predicts that there is an 86 percent probability that hurricane activity in 2007 will be in the top one-third of years historically. Colorado State University forecasters William Gray and Philip Klotzbach predict that there will be 13 named storms, four more than the average, with four major hurricanes and eight lesser ones. Experts at the NOAA Climate Prediction Center are projecting a 75 percent chance that the Atlantic Hurricane Season will be above normal this year—suggesting that more active and intense hurricane seasons will continue to be the trend..... from the Insurance Information Institute

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