General - Spencer Insurance Agency, Inc

Firehouse Contest Results to date!

Fire Station

Heavy voting continues during the second week.

Willow Grove Fire Company is in the lead with 79 votes, Weldon Fire Company is in second  with 45 votes, Pioneer Fire Company is in Third  with 27 votes, Fort Washington Fire Company is in fourth place with 21 votes, followed by Roslyn Fire Company with 18 votes, Independent Fire Company with 17 votes, Glenside Fire Company with 11 votes  and several others with 1 to 3 votes. Spread the word for your friends to vote for your firehouse.  You can only vote once.  Only two weeks left to vote! Contest runs to October 31St.

Thank you to all who are participating.

October is National Fire Prevention Month and Spencer Insurance will donate $500 to your favorite Fire Company!

Vote for your Favorite Fire Company   $500 donation to the Fire Company getting the most “Votes.” Most of the local fire companies in our area are volunteer fire companies. Spencer Insurance is very thankful for the time our volunteer firefighter put in for training and protecting our communities. Although it is impossible to financially support all the fire companies in the area, Spencer Insurance Agency will donate $500 to the fire company getting the most votes in our Social Media contest. We encourage you to spread the word to all your friends and family to vote for your favorite fire company. The Contest will run from October 1- to October 31, 2014 and we will announce the winner early November. Contest Rules:

  • Fire Company must be located in Montgomery, Bucks, Delaware or Chester county PA.
  • Voter must provide us a name, email address and zip code.
  • Only one vote per email address.
  • Voter must first Like Spencer Insurance Facebook page.

Make sure your Fire Company wins the $500!! Vote Now for your Favorite Fire Company

Summer is upon us! I thought this would be a good time to share some “Summer Tips” with you.

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  • Beach and Pool: Skin Cancer is a serious problem. Make sure you use sunscreen, UVA/UVB sunglasses, and wear a hat to avoid prolong exposure to the sun.
  • Grill Safety: Keep an eye on that gas grill and make sure the hoses have not been chewed by animals. Make sure to clean the grill periodically as grease buildup can cause flare ups and fires. Charcoal grills are more dangerous than gas grills. Be careful when applying the lighter fluid. The location of your grill is critical. Keep it away from your house and garage. Be careful if you grill on the deck especially with charcoal grills. A house on my street had a fire that was caused by a coal that escaped from the bottom of the charcoal grill and fell under the deck. The coal smoldered until later that night when flames shot up the side of the house.
  • Water safety: Learn more about pool and boat safety. The American Red Cross offers tips on their website at http://www.redcross.org/prepare/disaster/water-safety. The U.S. Coast Guard offers many tips for boater’s safety. Consider taking a Coast Guard safety course which are offered locally. Check out the Coast Guard website at http://www.uscgboating.org.
  • Make sure you check on your elderly neighbors and family. Make sure their homes are properly ventilated with fans or air conditioning to keep them cool and safe.
  • Pets: Make sure you protect your pets from the heat. Keep them in shady areas and do not do any strenuous exercising with them when it is hot. Stay away from asphalt and sandy areas as their paws could burn. Make sure they have plenty of water even when you travel or take them with you on a summer picnic. Make sure you protect them from fleas and ticks as you don’t want your home to become infested with these annoying bugs.

Spencer Insurance Agency has many valuable Summer reports on our website at www.spencerinsurance.com.  Some of the topics we discuss on our website are:

  • Taking your child to college? How is your insurance coverage affected?
  • Should I purchase the extra coverage for the car I rent while on vacation?
  • School is out! Time for that talk with your teen driver (see our teen driver corner in this newsletter).
  • Are your “Summer Toys” properly covered? (Boats, jet ski, motorcycle, ATV or golf cart)

Spencer Insurance Agency is always ready to discuss your safety and protection with you.  Call us today with any questions at 215-885-2200.  You can also email us or visit our website for more tips.

All of us at Spencer Insurance Agency hope you have a safe and enjoyable summer!

Happy Father’s Day!

All of us at Spencer Insurance wish all the fathers out there a Happy Father’s Day.

Father’s Day will be celebrated this Sunday June 17th.

If you are a Dad, congratulations and we wish you the best on your special day.

If you aren’t a Dad, then pass on our wishes to someone who is a Dad.

Don’t forget the Dads that have passed away.  Take a moment to share a memory you had with your Dad.

Have a great day!

 

Thank you for voting us #1 Again!!!

5 YEARS IN A ROW!

Thank you for voting Spencer Insurance Agency the “#1 Insurance Agency” and the “#1 Life Insurance Agent” in the 2012 Montgomery Media’s Reader’s Choice Awards.

This is the Fifth year in a row you have voted us the best.  Thank you for the trust you place in our agency.  Our goal is to provide you the coverage you need at a very competitive price.  At Spencer Insurance we know that price is important.  However,  the True Cost of Insurance includes the money you pay out of your pocket because of the coverage you don’t have.

Did you know we have a referral program called the Spencer Referral Reward$ Program?

We reward our clients for their referrals.  Check out how you can win $100 in cash or a 42 “TV.

Click Here  to learn more about the Spencer Referral Reward$ Program.

Thanks again,

Help us Help a Charity!

Steve and Charlie Spencer present checks to the Abington Township Police Athletic League and The Society of St. Vincent DePaul.

Each quarter Spencer Insurance chooses a charity to be the beneficiary of the Spencer Referral Rewards Program. Spencer Insurance donates $5 for each referral we receive from our clients and friends. In addition, Spencer Insurance donates $1 for each new Facebook “Like” during that quarter.

From April 1st to June 30th we will donate to the Cathy’s Kids Foundation. This Foundation raises money to send a family with a child with cancer to Walt Disney World. Check out the Foundation’s Website and their Facebook Page. Like their page for more information. While you are on Facebook, search for the Spencer Insurance Facebook Page. “Like” our page and we will donate $1 to Cathy’s Kids Foundation. Send us a referral and we will donate $5 to Cathy Kids Foundation.

To find out more about the Spencer Referral$ Reward$ Program go to our website.

Thank you for your referrals!

Share your comments below.  Have you supported these charities? What are your experiences with these charities?

 

 

 

 

 

When is 60% only 30%?

Beware of your Employer Group Long Term Disability!

I always enjoyed math, but this is scary.

Many employees rely on their employer’s Long Term Disability Plan to provide income for their family if they become disabled.  Thankfully many companies offer this valuable benefit.

However, if you make over $75,000 a year, be sure to read the fine print in your employee benefits manual or website.

Why,  many plans cap the monthly benefit you can receive from your group Long Term Disability Plan at $5000 per month.  For most employees that may be sufficient, but if you make over $75,000 a year you may be getting less than 50%.  Let me explain. . .

Let’s suppose you make $150,000 a year.  You think your employer’s group long term disability plan will provide you 60% of you salary or $7500 per month.  Think Again!
Remember, your plan caps the benefit at $5000 per month, so you do not receive $7500 per month but just $5,000 per month.  That’s bad enough, but it gets worse.  Since your employer is paying for the coverage, the benefits you receive are taxable. So assume you are in a tax bracket above 25% then the IRS takes another $1250 per month in taxes leaving you with take home pay of just $3750 per month or 30% of your salary.

Here is the good news!  You found this out BEFORE you became disabled and can take action to fix this shortage.  Spencer Insurance can provide you a supplemental disability policy so you are not caught short.  Call us today for a disability review at 215-885-2200 or Check Here to reach us online.  For our Free Report “HOW TO
PROTECT YOURSELF AND YOUR FAMILY IF YOU GET HURT…WHAT TO DO BEFORE ITHAPPENS!”
Click this Link: http://www.spencerinsurance.com/docs/special_report_disabillity_insurance.pdf

Act now before you become disabled.

Help us help out a Charity, Send us a referral!

This year we are adding a new component to our Spencer Referral Reward$ Program.  Spencer Insurance will donate $5 in your name to the charity THON for every referral you send us between January 1st and March 31St.  From April 1st until June 30th we will donate $5 in your name to “Cathy’s Kids” for every referral you send us. Check out these charities at www.thon.org and http://golfforcathy.webs.com.

We picked Thon as a charity as many of our clients are alumni or have children who are students at Penn State.  Penn State was able to raise over 9 million dollars for pediatric cancer.  During the second quarter of this year we are supporting “Cathy’s Kids”.  Cathy Garry will always have a special place in our hearts.   Check out their website as they get ready to send another Family to Disney World in Florida.  

Please feel free to donate to these charities if you are able.  Thank you for your business and keep sending the referrals. We are very grateful for your referrals.

Spencer Big Spin Winner

January Spencer Referral Reward$ Big $pin Winner

Congratulations to Tom Croke, our January winner of the Spencer Big Spin.  Tom won a $50 Gift card to Chilis.

  Check out the winning spin on our website!  You could be the next winner.  To find out how go to our website!

See all our videos on YouTube.

 Coming Soon. . . we will have more informational videos on YouTube.

Thank you Veterans!!!

Thursday November 11, 2011 marks the annual celebration of Veterans Day.  All of us at Spencer Insurance would like to thank our Veterans for their sacrifice and service to our country.  It is because of our Veterans that we enjoy the freedom we have today.

Take a moment on November 11th to think about and pray for all those veterans who served our country.  We pray for the families of the Veterans who died in service to their country. We also pray for those who were disabled.  We pray for the service men and woman who are serving today that they will be protected from any harm.  We pray for Peace!

Thank you for your service and sacrifices.

Veterans Day continues to be observed on November 11th each year regardless of the day of the week it falls.  Do you know why??

Although the Treaty of Versailles was signed on June 28th, 1919 to end World War 1, the fighting ceased seven months earlier when an armistice between the Allied nations and Germany went into effect on the eleventh hour of the eleventh day of the eleventh month.  For that reason in 1975 President Ford signed a Public Law which established November 11th as the day Veterans Day would be observed.  For more information on the history of Veterans Day go to: http://www1.va.gov/opa/vetsday/vetdayhistory.asp.

Barnegat Couple Left with Son’s college loans gets relief!

An article on App.com’s “In the Money” Section details a story about a couple who was left with major debt when their son died in a car accident at age 25.  For the full article go to: http://blogs.app.com/inthemoney/2010/08/03/barnegat-couple-left-with-sons-college-loans-get-relief/

I mentioned this now since many parents are completing loan applications to send their children to college.  The cost of college has skyrocketed over the last decade forcing many parents to take out loans in addition to their children’s Federal and State loans.  If you do this, you need to make sure you know who is responsible for this debt if your child dies.

The article talks about a Barnegat, NJ couple who were stuck with loans that amounted to over $80,000 when their son died in a car accident. 

After their son’s death they received a bill from the New Jersey Higher Education Student Assistance Authority (NJHESSA) for $81,000. This bill amounts to $685 a month since Ralph Grande so-signed the loan guaranteeing the payments if his son did not make them.  A spokeswoman for the authority said “Although we are sympathetic to the difficult circumstances involved, under terms of the bond indentures that finance the NJ Class loan program, HESSA is not permitted to forgive student loans as a result of the death of a borrower.”

When financing college tuition many parents take out parent loans or co-sign state and private loans.  This puts a responsibility on the parent to repay the loan if the child does not pay it no matter the reasons. 

Some State and Federal programs will forgive loans that are co-signed in the event of the borrower’s death; however I would make sure by calling the agency or bank that provided the loan.

There is another strategy parents can use to avoid this debt in the event their son or daughter dies.  Parents should consider taking  out a life insurance policy on their child to cover the debt. 

The cost of a $100,000 twenty year term policy for a 24 year old male who is in good health and a nonsmoker is under $150 a year.

By having a $100,000 life insurance policy on your son or daughter you would receive $100,000 upon their death to pay off those loans.  By using life insurance to pay off the loans your retirement fund or other assets are not jeopardized.

Contact us today at 215-885-2200 for a FREE QUOTE!  Don’t let the death of a child derail your retirement. 

On a positive note, the Grande’s debt was reduced to $41,000 by the lender.  In a follow up article (In The Money August 3, 2010) Ralph Grande said “It is $41,000. Joan and I are going to have to cash in retirement accounts and obviously work a lot longer, but at least the burden of $81,000 will be reduced.”

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