403bCompare

403bCompare

Are you a employee of a non-profit and are contributing to a 403b plan? Look at this. Give our office a call to find out more how you can maximize your Retirement savings.

Tim Warnock Insurance Services
c/o Bill Kenoyer
1317 Oakdale Road Suite 1120
Modesto, CA 95355

209-579-1149

Howstuffworks "How do money market accounts work?"

Howstuffworks "How do money market accounts work?"

Building Wealth through Ownership Investments:Dummies

Building Wealth through Ownership Investments:Dummies

Cancer Treatment and Survivorship

Cancer Treatment and Survivorship

Inside Tips To Big Savings On Your Life Insurance

Tip #1: Avoid buying more insurance than you really need. People use life insurance for many different reasons. For example, to protect their family, to cover a home mortgage, to fund a business buy-sell agreement, to pay off debt and to settle estate taxes. The amount of coverage you need will vary depending on the purpose of your policy. A general rule of thumb is 8 to 10 times your annual income will provide your family with adequate protection.

Tip #2: Estimate the number of years your insurance is needed. Predicting your future is not always easy to do. However, calculating the amount of years you desire life insurance protection is a key to determining which insurance products best fit your needs. You will maximize your insurance savings by choosing the policy that has the least expensive outlay over that period of time.

Tip #3: Avoid a big mistake! A natural reaction when buying life insurance is to focus on which policy has the lowest first year price... Be careful of this trap... some policies start out with low first year prices and drastically increase... sometimes even by 5 to 10 times more in the later years.

Tip #4: Read the fine print on policies offered through your work. Typically group policy prices increase every 5 years, so your costs become extremely expensive the longer you have the coverage. Not to mention, if you ever leave your employer or get laid off, most companies don’t allow you to take your policy with you.

There is something else you may not be aware of. Group rates are based on the total health of all the members of the group. Smokers are mixed in with non-smokers, and people with poor health are priced equally with those in excellent health. If you are generally in good health, you can almost always find better rates than those offered through a group policy.