Households Lacking
  Life Insurance



     www.skloff.com
Wall Street Journal – More Go Without Life Insurance - 08/30/10


“Nearly a third of U.S. households have no life-insuranc...
Percentage of U.S. Households Owning Life Insurance Declining




                   www.skloff.com
Percentage of U.S. Household Owning Life Insurance Declining


According to Limra, an industry-funded research organizatio...
Employer Paid Life Insurance




Employer paid life insurance can be a life preserver for your family.

But, employer paid...
Having Your Own Life Insurance Provides You Better Control




Obtain your own life insurance before your health or age ch...
Questions To Ask Yourself Before Passing Away




Who is going to pay your family’s mortgage?

Who is going to pay your fa...
Questions To Ask Yourself Before Passing Away




Who is going to take care of your kids while you work? At what cost?

Wh...
Questions To Ask Yourself Before Passing Away




Who is going to pay your family’s living expenses?

Who is going to pay ...
Consult With a Licensed Insurance Professional

Establishing life insurance immediately reduces the financial and
psycholo...
Aaron Skloff, AIF, CFA, MBA
   Chief Executive Officer
   Skloff Financial Group

       908.464.3060



     www.skloff.c...
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Households Lacking Life Insurance - Aaron Skloff, AIF, CFA, MBA - CEO Skloff Financial Group

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Households Lacking Life Insurance

Skloff Financial Group
http://www.skloff.com/biography.htm

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Households Lacking Life Insurance - Aaron Skloff, AIF, CFA, MBA - CEO Skloff Financial Group

  1. 1. Households Lacking Life Insurance www.skloff.com
  2. 2. Wall Street Journal – More Go Without Life Insurance - 08/30/10 “Nearly a third of U.S. households have no life-insurance coverage, the highest percentage in more than four decades, according to research firm Limra.” “About 35 million U.S. households neither own their own life-insurance policies nor are covered under employer-sponsored plans, up from the 24 million, or 22% of households, without coverage in 2004, according to the study this year by Limra, of Windsor, Conn.” www.skloff.com
  3. 3. Percentage of U.S. Households Owning Life Insurance Declining www.skloff.com
  4. 4. Percentage of U.S. Household Owning Life Insurance Declining According to Limra, an industry-funded research organization, the percentage of U.S. households owing life insurance is declining due to: 1. Tight household budgets as the economy struggles 2. Loss of employer-provided coverage as a result of layoffs 3. Cutbacks by some employers in their benefit packages www.skloff.com
  5. 5. Employer Paid Life Insurance Employer paid life insurance can be a life preserver for your family. But, employer paid life insurance can be dropped at anytime. www.skloff.com
  6. 6. Having Your Own Life Insurance Provides You Better Control Obtain your own life insurance before your health or age changes and the cost is prohibitive or you become uninsurable. www.skloff.com
  7. 7. Questions To Ask Yourself Before Passing Away Who is going to pay your family’s mortgage? Who is going to pay your family’s real estate taxes? www.skloff.com
  8. 8. Questions To Ask Yourself Before Passing Away Who is going to take care of your kids while you work? At what cost? Who is going to pay for your kids’ college educations? www.skloff.com
  9. 9. Questions To Ask Yourself Before Passing Away Who is going to pay your family’s living expenses? Who is going to pay your federal and state estate taxes? www.skloff.com
  10. 10. Consult With a Licensed Insurance Professional Establishing life insurance immediately reduces the financial and psychological burdens that can cause hardship when the need for the proceeds arrives. If your life insurance is owned by an Irrevocable Life Insurance Trust (ILIT) it is exempt from estate taxes. Like most insurance, the earlier you start your policy the lower the cost of the policy. Consult with a licensed insurance professional to gain an understanding of all your options. www.skloff.com
  11. 11. Aaron Skloff, AIF, CFA, MBA Chief Executive Officer Skloff Financial Group 908.464.3060 www.skloff.com

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