A few key factors to consider at what waiting could end up costing.

• Rates will never be lower than what they are when you are young.
• Do you feel you will be healthier in the future than you are today? Our health typically declines as we get older, it can take you from a preferred rate, to a standard rate, down to substandard, or even declined for coverage.
• As rates increase the cost over the lifetime of the policy could cost you thousand to tens of thousands just for waiting a few years to start.

I have talked with many clients over the last few weeks since the start of “Insure your love month” and one of the most common phrases, “I don’t know why I didn’t start this sooner”. Over and over I hear how they regret waiting, and in some of these cases, that waiting has made it so they can no longer get a policy.

As life insurance rates increase, it reduces the power of your dollar to multiply and provider higher coverage limits. If you are building a policy based on cash value growth, or tax strategies, every year you wait and think about it will cost you precious time and money down the road.

The simplest method to combat this, start an application today. If you think you need to think about it, so does the insurance company. They will evaluate the application and we can then see what you qualify for. You can get started and not pay anything till you are approved. Would it hurt to start a conversation?

Use the button below to book an appointment.

David Moliterno FSCP, AFIS

The post Waiting could cost you… first appeared on Moliterno Insurance & Financial Services.

The post Waiting could cost you… appeared first on Moliterno Insurance & Financial Services.

My family means everything to me, and its why I am so passionate for what life insurance can do. If you have ever experience the loss of a loved one, or witness someone close by, you will know what an impact their life can be. It can be even more devastating if that person did not have life insurance or the financial assets to leave behind.

After witnessing this with friends and clients, I never want to be in those shoe, or have my family go through that, and certainly don’t want to see my clients go through those struggles.

For this reason I have Life insurance, and this may sound corny, but Life Insurance is Love Insurance. These are just a few of the things my Love insurance means to me:

• My love insurance means my final expenses will be taken care of. (Funeral, medical and emergency expenses that might arise from my death)
• My love insurance will make sure the mortgage is paid and they can live in the home they have grown up in.
• My love insurance will keep the utilities going.
• My love insurance will always have food on the table, and money for special nights out.
• My love insurance can keep my dreams alive.
• My love insurance will provide funding for my wife’s retirement fund.
• My love insurance can help send my kids to college, their first car, or to help them start a business.
• My love insurance will provide a future that doesn’t have to be as hard without me.
• My love insurance will not replace me, but will allow me to do those things for my family if I am gone.

Do you need life insurance? If you Love someone, or owe someone the answer is yet. Applying for a policy can be simple, but getting good rates, or an approval all come down to you. Your age, and good health are what can get you a great rate, our in some cases disqualify you. Don’t wait till the choice of getting a policy is taken away from you.

If you want to explore options, have a life story to share, or simply just want to talk, give me a call. 234-254-5661

David Moliterno FSCP, AFIS

Here for you as a resource and a friend. Relationships with my clients are one of the most rewarding parts of my job. If you don’t think life insurance can benefit you at this time, please think of someone you can share this with that may help impact their life in a positive way.

The post Family is not an Important thing, it’s everything. -Michael J. Fox first appeared on Moliterno Insurance & Financial Services.

The post Family is not an Important thing, it’s everything. -Michael J. Fox appeared first on Moliterno Insurance & Financial Services.

I want to share personal stories, and stories from my friends, family, and clients. Life and death unfortunately are not an easy subject to broach, and for many of us we have fresh memories of the trauma of losing someone close to us. The past 3 years have been especially hard but have brought to our attention just how fragile life can be, and that every day we get to spend together is a blessing. I have lost dear friends, and clients and trust me, that call from the family never gets easier. These calls can go one of 2 ways, this can be the horrible news of “I’m sorry, but you Father/Mother, Husband/Wife never started that policy we talked about” or “I’m so sorry for your loss, when you are ready I am here for you so we can start the claims process”

The one silver lining that I can bring to the tragic event is the benefit of life insurance- this can mean different things for every client I meet with. During our consultation I get to know you, your life, and your dreams. What do you want your policy to do for you?

Life insurance to me means, my family will still have income, still be able to pay bills, able to stay in the home they are comfortable in, provide future funding for retirement or college education, but less commonly thought of, my policy will even be able to help while I am still alive.

Some policies come with hidden “super powers”, my policy can pay a benefit for medical events like stroke or heart attack. Yes you read that right. Even while you are alive you can receive benefits that can help you pay for time missed at work, or medical bills.

Once such story that hits close to home is my own family. Everyone involved is still alive and well, but I want to share this to illustrate how not all coverage is the same.

Nearly 8 years ago, I was just beginning to grow my family. I was sitting on the couch with my newborn only about a month old at the time. I received one of the most shocking calls of my life. My Mother was on the other end “your father is dead!” nothing from that point on felt real. I didn’t believe what I was hearing. My Dad could not be dead, he was only in his 50’s and I had just become a father myself. The whirlwind of emotions was overwhelming. The conversation with my mother became more and more frantic. I have 2 younger brothers that still depend on my parents. The youngest of them Douglas has autism and will likely rely on a caretaker for the rest of his life. My Mom quickly went from emotional shock, to despair of what the future would look like. “how will I take care of your brothers, how will I pay for the bill, or the home. How will I get to the hospital, I don’t have socks” by this point her mind was racing and apparently not thinking clearly. This went on for what seemed like forever, but in reality was about 10 minutes.

My Father was at a Church Softball Practice, and while up at bat, suffered a major cardiac event. Immediately collapsed, and was unresponsive, no pulse just gone. He is still with us today because of some quick cation, and nothing short of a miracle. Two of his team mates preformed CPR for over 15 minutes. The EMT’s that arrived have said to this day that they did not anticipate being able to resuscitate someone in his condition. We are all extremely grateful he was given a second chance and is still with us today.

I did not own my own agency at the time, and did not know what life insurance if any he had in place. Unfortunately he did not have a plan that could aid him in this event, such as one with a living benefit. After an event like that, not many insurance companies want to extend an offer of a policy to you either.

Everyone in my household now has a plan in place, even down to my youngest 5 month old. I want to make sure the choice to hold a life insurance policy is never taken away from them because of an unknown, or uncontrollable medical condition. We never know what day we might face a similar event, but I pray that before this happens to you, we make it our goal to review your plans, and make sure we are as prepared as we can be.

I have something to ask you, if you have a story that you are willing to share, please let me know. If you want to make a plan or want more information, please don’t wait until later, call or email me now.

-David Moliterno
Moliterno Insurance
234-254-5661

The post My Story- Insure your love month first appeared on Moliterno Insurance & Financial Services.

The post My Story- Insure your love month appeared first on Moliterno Insurance & Financial Services.

In part of our ongoing series to help promote small businesses, and the positive impact they have on the local community, we also want to highlight some of the pitfalls that can come there way.

Imagine that tomorrow you went to visit your favorite local business only to find out that they closed down because the owner had retired, died or become disabled yesterday. Many businesses close for one of theses reasons, not because they want to, but because they failed to plan for one of theses events.

Some of the questions the business owner can ask themselves, would you want your business interest:

• Retained for a family member
• Sold to another owner
• Liquidated

Depending on the desired outcome these are some of the issues to consider.

Retain the Business Interest for Your Family

• Is there a capable and willing family member?
• Will the family member be acceptable to any other business owners?
• How will you or your surviving dependents replace the income previously provided by your business?
• Is there a need to equalize inheritances among family members?
• Will there be enough liquidity in your estate to pay taxes and other settlement costs?

Sell the Business Interest

• To whom will your business interest be sold?
• At what price?
• And at what events (death, disability and/or retirement)?
• What is the value of your business interest?
• Will the funds be available to complete the purchase at your death, disability and/or retirement?

Liquidate the Business Interest

• What is the value of your business as a going concern?
• How does that value compare to the liquidation value of your business?
• How will you or your surviving dependents replace the income previously provided by your business?
• Will there be sufficient funds available to allow for a planned liquidation?

The objective of business continuation planning is to assist you in evaluating which of these alternatives is most suitable for your situation and to help provide the funds that will be needed to assure that your business continuation goals become a reality.

If you know a small business, or own a small business that could use help navigating some of these questions please reach out and schedule an appointment with one of our professional agents.

The post BUSINESS CONTINUATION Pitfalls and Planning first appeared on Moliterno Insurance & Financial Services.

The post BUSINESS CONTINUATION Pitfalls and Planning appeared first on Moliterno Insurance & Financial Services.

What Is a Will?

The most basic estate planning tool, a will is the legal document that states the actions you wish to be taken after your death in regard to:the disposition of your property; the guardianship of your minor children; and/or the administration of your estate.

Do You Need a Will?

If you have a spouse, children and/or property, the answer is most definitely YES! The alternative is to allow the state in which you reside to determine: how your property will be distributed among your heirs, including who those heirs are; the guardianship of your minor children, including who will serve as guardian; and/or how your estate will be administered.

Who Can Make a Will?

State statute determines who can make a will. Generally, you must be “of age,” as defined by state law, and of sound mind. In addition, state law generally requires that your will be written, signed and witnessed by a required number of witnesses. While you can draw your own will, the preparation and execution of this important legal document is generally best left to an attorney.

Your estate plan, including wills, trusts and life insurance, should be periodically reviewed to ensure that it continues to meet your needs and objectives.

If you are or a family member would like to talk with a trusted attorney to put a plan in place please let us know and we can help get you in touch with someone to help.

The purpose of this newsletter is to provide information of general interest to our clients, potential clients and other professionals. The information provided is general in nature and should not be considered complete information on any product or concept described.
For more complete information, please contact my office at the phone number above.
Published by The Virtual Assistant; © 2019 VSA, LP

The post DO I NEED A WILL? first appeared on Moliterno Insurance & Financial Services.

The post DO I NEED A WILL? appeared first on Moliterno Insurance & Financial Services.