life insurance agent - Spencer Insurance Agency, Inc

Are you prepared?

          LIfe Insurance and Disability Insurance. Get protected

We meet with many clients and prospective clients to discuss their life insurance needs. One common thread is the lack of any estate planning.  Most people equate estate planning with the wealthy.

Yes, the wealthy need estate planning but don’t be fooled, so do the rest of us.  What is Estate planning?  It can be very simply having an updated will, advanced medical directive and power of attorney.

Why do you need estate planning?

  • Your children are getting older and moving out on their own. You are downsizing and preparing for retirement. Your estate planning documents are probably outdated. You need to meet with an estate attorney and update your documents
  • You have young children and life insurance. You don’t have a will or the will was done before you had any children. You need to update the will so you can update the guardian of your children, decide who will be the trustee of the life insurance proceeds, and make plans for a special needs child among other things. Without an updated will the courts will need to get involved to protect the children.  You need an updated will to make sure your wishes are followed in the event of you premature death.
  • You are separated, divorced or remarried. You need to make sure your will is updated to match your current situation. When a couple divorces there are many issues with their children that need to be addressed.  Life insurance beneficiaries need to be discussed to protect your children.

We am not an attorney or do I give legal advice.  We do work with many estate attorneys so if you need a referral to one I can help you out.  But, reviewing life insurance policies we see many things that make me cringe like naming minor children beneficiaries, naming a brother or friend who will be your children’s guardian the beneficiary of your life insurance proceeds and trusting caregivers to manage the large insurance proceeds.  Caregivers may be great with helping to raise your children but they may not be the best managing money.  You need to have these discussions with an estate attorney and you need to meet with us to review your life insurance.

Why you need a life insurance review:

  • Your life insurance agent may not have met with you in a long time and may not even be in the business now.
  • Do you have the proper type and amount of life insurance for your needs now?
  • Are your beneficiaries listed now proper for your situation today? You may still have an outdated beneficiary.
  • Did you update all your life insurance policies including your employer paid life insurance and retirement plan beneficiaries?

 

Contact us today for a life insurance review even if we are not your current life insurance agent.

Are you ready for Valentine’s Day?

As your preferred insurance agency, we take your protection very seriously. If we could we would shield you from all bad things that might happen to you and your family.  But since we are only mortals, we have to limit ourselves to just warning you about issues that could affect your happiness and safety.

That’s why I’m writing you today.  I just looked at the calendar and saw that Valentine’s Day is on the horizon.  Like birthdays, anniversaries and Christmas these are opportunities to show your loved one just how much they mean to you. But for those who unintentionally miss these major opportunities to express their  love and devotion, they can be dangerous times of the year.

We know you’re busy and that this day might slip up on you without adequate time to prepare, so be warned:

Valentine’s Day is coming soon! 

Plan now to make it the best Valentine’s Day ever for you and your loved one!

And if you buy or receive anything that needs insuring, call 215-885-2200. Don’t forget that ultimate Gift of Love – Life Insurance.  What better way is there to show your family that you love them.  (Warning: You better buy some chocolate too!)

Happy Valentines Day from your friends at Spencer Insurance Agency, Inc.

Close

Check out how you can win an iPad mini.

Open