My stellar shelf by Emma Sbat https://padlet.com/emmas023/9ysnuokpusj9 Made with charm en-us 2018-03-22 12:30:42 UTC 2018-03-26 12:46:38 UTC hello@padlet.com How do these needs change when you have a family? emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244950136 Life insurance can provide your family members the resources to maintain their lifestyle when you die. Disability insurance is also a must. It will replace a portion of your income if you are unable to work due to a disabling illness or injury. ]]> 2018-03-22 12:33:14 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244950136 How do they change when you retire? emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244950273 It may seem counterintuitive that empty nesters or retirees need life insurance. Life insurance coverage can preserve the retirement plan and ensure your estate will be passed on, intact, to your survivors. As you get older you sould look into long-term care insurance which usually takes effect when you cannot perform at least two activities of daily living such as bathing, eating or dressing. ]]> 2018-03-22 12:33:32 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244950273 What is your human life worth? emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244950349 Equals Life Insurance Needed
=$ 89,741.91]]> 2018-03-22 12:33:43 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244950349 What type of insurance do you need as a single person just starting out? emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244950526 Startting out you will want an emergency fund equal to three to six months worth of basic living expenses. Enroll in a 401(k) retirement savings plan. ]]> 2018-03-22 12:34:06 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244950526 What life events do you need to consider when evaluating and re-evaluating your life insurance needs? emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244951573
  • Pay for funeral costs
  • Help pay the bills and meet ongoing living expenses
  • Pay off outstanding debt, including credit cards and the mortgage
  • Continue a family business
  • Finance future needs like your children’s education
  • Protect a spouse’s retirement plans
  • Life style

    • ]]>     2018-03-22 12:36:31 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244951573     Who needs disability insurance? emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244951854  Everyone should consider getting disability insurance because it ensures that if you are unable to work because of illness or injury, you will continue to receive an income and make ends meet until you’re able to return to work.]]> 2018-03-22 12:37:05 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244951854 What are examples of life changes that will cause you to re-evaluate your disability insurance? emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244951963 1) Accident at work- evaluate if you're covered fully.
    2)Fall terminally ill-you can no longer work because you have become you have fallen sick-not work related- male sure you are fully covered. 
    3)Pregnancy- Need time off to stay home with baby and recover.
    4) disability in a family member- causes you to reconsider your own health and disability insurance plan
    5) Retirement- no longer need ]]>     2018-03-22 12:37:20 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244951963     What are the different types of disability insurance? emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244952348
  • Workers compensation:If you’re employed and you suffer a disabling illness or injury that is work related, you are free of medical bills. 
  • State Disability Insurance Program: short-term disability coverage, typically for up to six months, which workers pay for through a payroll deduction. 
  • Social Security:The federal government administers a disability insurance program that covers most workers, but qualifying for benefits isn’t easy.
  • Employer-Sponsored Coverage: There are two forms: short-term disability (STD), which replaces a significant percentage of your income for about three months in most cases, and long-term disability (LTD), which typically pays 40% to 60% of your base salary (pretax) for longer periods.
  • Individual Disability Insurance:The most flexible and reliable source of coverage is an individual disability insurance policy that you purchase on your own. A privately owned policy is portable, meaning you won’t have to worry about losing coverage if you change jobs. 


    • ]]>     2018-03-22 12:38:13 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244952348     When should you get LTC insurance? emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244952517 If you develop a chronic illness or become disabled and can no longer care for yourself for an extended period of time, you’ll need long-term care services.]]> 2018-03-22 12:38:34 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244952517 What types of care are covered? emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244952580
  • Skilled:If you have a serious illness or injury that you can recover from
  • Intermediate Care: if you injured your leg and need to visit a physical therapist five times a week to help you heal
  • Custodial Care:assistance with daily activities like bathing, eating, dressing, toileting (getting on and off the toilet and other tasks associated with personal hygiene), continence and transferring (getting in and out of bed and chairs). 
    • ]]>     2018-03-22 12:38:43 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244952580     Scenario 1: You are 23 years old. You just graduated college and landed your first adult job. You are single with no children. emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244952728 -emergency fund: 3 to 6 months of basic living expenses.
    -disability insurance: consider workers compensation however if you don't feel like your job will be long term get individual disability insurance 
    -401(k) retirement plan ]]>     2018-03-22 12:39:02 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244952728     Scenario 2: You are 40 years old. You are married with two children. You have a house, cars, and an establish career. emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244952793 -Have an emergency fund of 3-6 months worth of payments saved 
    -Have a bigger life insurance plan - to fit both of your child's futuristic needs 
    -Workers compensation or employer sponsored coverage


    ]]>     2018-03-22 12:39:10 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244952793     Scenario 3: You are 65 years old. You are married with no children in the house. You just retired emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244952885 -you have already had a 401(k) or some sort of retirement plan set up -Life Insurance:The amount of Life Insurance depends on what type of funeral you will want to have and your current life style your family has.The higher life style and the bigger funeral means you will need a bigger life insurance plan. 
    -Long Term Care Insurance: it is more of a per cation, if you need to be in assisted living or in a retirement home this insurance will help to pay these bills.


    ]]>     2018-03-22 12:39:22 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244952885     exapanded info emmas023 https://padlet.com/emmas023/9ysnuokpusj9/wish/244968262
  •  The funeral you would like to have 
  • Pay fixed expenses
  • pay of dept such as cars and homes 
  • Pay for  your child's college 
  • plan for your retirement as well as your own.

    • ]]>     2018-03-22 13:11:33 UTC https://padlet.com/emmas023/9ysnuokpusj9/wish/244968262