tag:blogger.com,1999:blog-77571540367636261812024-03-26T11:07:07.279-04:00James Hahn, FIC, RICP®Catholicism, Optimism, and Finance. Philanthropy, Life Insurance and more from a Catholic Perspective.James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.comBlogger53125tag:blogger.com,1999:blog-7757154036763626181.post-60757253205388253912024-01-16T07:19:00.001-05:002024-01-16T07:19:00.129-05:0020 Questions to Ask your Agent<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjy08X0r2cXb8MOGl5at8q1oe8EjFzNYlo9EfHi9UzDHksIdyyi3ZhQBT8w-HIR51tBsPM__hJ0MFKdDDwFggG68gJq3clIl-PwEVyZ34o3Zxc2BIW3-nBT449oMTSCdqZZf2trmhNw8VHZggmyQi3BTyzcO86f6dgRexOF9uzuQ1eLXFW2CwAxhmSRCPw/s294/questions.jpeg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="171" data-original-width="294" height="233" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjy08X0r2cXb8MOGl5at8q1oe8EjFzNYlo9EfHi9UzDHksIdyyi3ZhQBT8w-HIR51tBsPM__hJ0MFKdDDwFggG68gJq3clIl-PwEVyZ34o3Zxc2BIW3-nBT449oMTSCdqZZf2trmhNw8VHZggmyQi3BTyzcO86f6dgRexOF9uzuQ1eLXFW2CwAxhmSRCPw/w400-h233/questions.jpeg" width="400" /></a></div>During your Annual Review the agent shouldn't be the only one asking questions. In fact, think of yourself as a team working to make sure your financial situation is in tip-top shape.<div><br /></div><div>Here are some questions you may want to present to your agent at your meeting:</div><div><ol style="text-align: left;"><li>What is my current coverage amount?</li><li>Is it Term, Whole Life, or Universal Life?</li><li>When will the policy end?</li><li>Is there any cash value in my policy?</li><li>Can I borrow from the cash value?</li><li>Who do I have listed as my beneficiaries?</li><li>Can I change my beneficiaries if needed?</li><li>Does my policy have any riders?</li><li>Are the riders free or do they have a cost?<br /></li><li>Are those riders still needed?</li><li>Is my policy convertible if needed?</li><li>Am I eligible to apply for a lower premium?</li><li>Who owns my policy?</li><li>Can I donate my policy to charity? If so, how?</li><li>What are the tax consequences, if any, of surrendering my policy?</li><li>Can I give ownership of my policy to the funeral home?</li><li>Can I reapply for a better rating/premium?</li><li>Will my premiums increase at any time?</li><li>Does my policy have dividends? If so, what options do I have with those?</li><li>What steps should my family take to make a claim?</li></ol><div>I've created a <a href="https://drive.google.com/file/d/1Lq030cHc-paapKFlWNipJoKXpFs0tR-R/view?usp=sharing" target="_blank">PDF Download</a> with these questions and space for you to write out the answers during your review. Feel free to print it out!</div></div><div><br /></div><div>Participating in Annual Insurance reviews ensures that your family is protected and your wishes will be fulfilled.</div><div><br /></div>
<div>Reach out to me at any time with questions or for your own Annual Review.</div><p></p><i>Full Disclosure: I am a Life Insurance Agent for <a href="https://www.catholicforester.org/" target="_blank">The Catholic Order of Foresters</a>, <a href="https://www.catholicfinanciallife.org/" target="_blank">Catholic Financial Life</a>, <a href="http://www.stewardshipfinancialgrp.com/" target="_blank">Stewardship Financial Group</a>, and a Development Officer with <a href="https://catholic-foundation.org/" target="_blank">The Catholic Foundation</a>.</i><div><i><br /></i>
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<div><br /><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/s1600/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1067" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/w133-h200/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" width="133" /></a></div><span style="text-align: left;">Let's start a conversation about insuring your love!</span></div></div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a> - <a href="https://jhahncof.blogspot.com/" target="_blank">Blog </a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price." </div><div><br /></div><div><br /></div></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-23951285544808210752024-01-09T09:30:00.004-05:002024-01-09T09:59:30.278-05:00Life Insurance: Don't Set & Forget<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5sTYP1W5yo35TUNNlk-xI3Dqxts7K1MZ88WTavSzixtKBTw6OE2AyXqazQGsRfBMObml1nZJZRqjEKo-k6bak-BY2vskdBLNKidJ8aV5ZLhTnCEtChyphenhyphenCtl0NYGR4r2G4KhvsqGuqw6rrnnSW2RMm9pFzXR7bzt1mvtJL1UaM6BISp_IGyqVXGvr5MF4Y/s275/instantpot.jpeg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="183" data-original-width="275" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5sTYP1W5yo35TUNNlk-xI3Dqxts7K1MZ88WTavSzixtKBTw6OE2AyXqazQGsRfBMObml1nZJZRqjEKo-k6bak-BY2vskdBLNKidJ8aV5ZLhTnCEtChyphenhyphenCtl0NYGR4r2G4KhvsqGuqw6rrnnSW2RMm9pFzXR7bzt1mvtJL1UaM6BISp_IGyqVXGvr5MF4Y/w400-h266/instantpot.jpeg" width="400" /></a></div></div><div>Set & Forget may be a great strategy for your Instant Pot but not for Life Insurance. A common mistake made by both consumers and agents is the Set & Forget strategy. Simply put, this idea is one where you purchase a 20 or 30 year policy and then forget about it except for the premiums.</div><div><br /></div><div>This is a bad idea in all cases because life happens. Things change and your coverage should adjust according to those changes. New homes, marriage, babies, and jobs require a reevaluation of both the amount and type of coverage. Retirement, kids leaving home, and divorce may require a different strategy than the one used when the policy was initially purchased.</div><div><br /></div><div>This is why an Annual Review is so important. Sitting down with your agent and reviewing your life, the changes that have taken place in the past year, and the dreams for the coming years are all part of the review process. </div><div><br /></div><div>However, and this is a word of <i>caution</i>, when we are in the midst of those changes, they often don't register with us. Those changes just become part of who we are. That's why your agent is trained to ask questions and work hard to truly understand your situation. He or she is outside the situation and very often can offer insights into things you may not have considered.</div><div><br /></div><div>Don't Set & Forget, schedule an annual review with your agent today to make sure your financial situation is on solid ground and your loved ones are protected.</div><div><br /></div>
<div>Reach out to me at any time with questions or for your own Annual Review.</div><p></p><i>Full Disclosure: I am a Life Insurance Agent for <a href="https://www.catholicforester.org/" target="_blank">The Catholic Order of Foresters</a>, <a href="https://www.catholicfinanciallife.org/" target="_blank">Catholic Financial Life</a>, <a href="http://www.stewardshipfinancialgrp.com/" target="_blank">Stewardship Financial Group</a>, and a Development Officer with <a href="https://catholic-foundation.org/" target="_blank">The Catholic Foundation</a>.</i><div><i><br /></i>
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<div><br /><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/s1600/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1067" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/w133-h200/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" width="133" /></a></div><span style="text-align: left;">Let's start a conversation about insuring your love!</span></div></div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a> - <a href="https://jhahncof.blogspot.com/" target="_blank">Blog </a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price." </div><div><br /></div><div><br /></div></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-45752145286519735142024-01-02T09:00:00.002-05:002024-01-03T08:42:30.784-05:00Why you should schedule an Annual Review<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhl2_Q71xtXPHjOEYvAVYpz8ZGr2csPO04thj_hWzp19QZvqraB8PbHnoclLShC9NfEXjtqVvFWx-XGR6I5IxwcWKXPC-MhboTd9olqaJBdmd4YpHETbuLb2-E896wiXkHI4syPJKT1o0oLQYmBWHWEU-WnGJCFQpxJUjue3lxiG4BPeVfHBQ0RyA-QskU/s254/Review.jpeg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="199" data-original-width="254" height="313" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhl2_Q71xtXPHjOEYvAVYpz8ZGr2csPO04thj_hWzp19QZvqraB8PbHnoclLShC9NfEXjtqVvFWx-XGR6I5IxwcWKXPC-MhboTd9olqaJBdmd4YpHETbuLb2-E896wiXkHI4syPJKT1o0oLQYmBWHWEU-WnGJCFQpxJUjue3lxiG4BPeVfHBQ0RyA-QskU/w400-h313/Review.jpeg" width="400" /></a></div>In order to stay healthy it is a good idea to get a checkup from your doctor at least once a year. In the same way, it's important to stay financially fit and your life insurance agent can help you do this with an annual review.<p></p><p>Here are some problems that I've come across over the past 13 years regarding life insurance policies that were (or could have been) fixed with an annual review...</p><p></p><ol style="text-align: left;"><li>Joe is 70 years old and his parents, both of whom passed years ago, are still listed as the primary beneficiaries on his life insurance policy. When Joe passed, the policy was large enough that it required a tremendous about of paper, legal, and leg work to get the claim filed. A simple beneficiary change would have eliminated a huge headache for his family.</li><li>Mary stopped smoking 10 years ago and now lives a healthy life with a great diet and plenty of exercise. These changes are great, however, she didn't think it was necessary to meet with her agent all those years and kept putting it off until the policy was nearing the end of the term period. She now realizes that she was overpaying on her policy for 10 years when a simple review would have caught the change and saved her a lot of money.</li><li>During an annual review Tom realized that he was over insured. He no longer needed a large amount of coverage because his kids were out of the house and his home was paid off. The agent helped him convert part of his policy to permanent coverage for final expenses and drop the remaining term.</li></ol><div>Annual reviews are a must when it comes to your financial health. Here are some other reasons to schedule an annual review:</div><div><ul style="text-align: left;"><li>Marriage/Divorce</li><li>New Baby</li><li>Change Jobs</li><li>Increased Debt (Vehicles, Student Loans, Credit Cards, Mortgage)</li><li>New Home</li><li>Increased Rates on your current policy.</li></ul><div>Reach out to me at any time with questions or for your own Annual Review.</div></div><p></p><i>Full Disclosure: I am a Life Insurance Agent for <a href="https://www.catholicforester.org/" target="_blank">The Catholic Order of Foresters</a>, <a href="https://www.catholicfinanciallife.org/" target="_blank">Catholic Financial Life</a>, <a href="http://www.stewardshipfinancialgrp.com/" target="_blank">Stewardship Financial Group</a>, and a Development Officer with <a href="https://catholic-foundation.org/" target="_blank">The Catholic Foundation</a>.</i><div><i><br /></i>
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<div><br /><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/s1600/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1067" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/w133-h200/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" width="133" /></a></div><span style="text-align: left;">Let's start a conversation about insuring your love!</span></div></div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a> - <a href="https://jhahncof.blogspot.com/" target="_blank">Blog </a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price." </div><div><br /></div><div><br /></div></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-5820183309391862052023-12-24T17:44:00.000-05:002023-12-24T17:44:26.994-05:00It's a Wonderful Life - Insurance<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI-AA5nqsZ_HEaL8DSSA7bvZGNq7BCgm4Hb2o_y_qBt9QgJu92XMhNVCdln44Y7XIHYJqC6XOSfYSifNXqrfSobChblVZ4mFjcv6jgHYafopGVqkubOTADpoP3hxQ8mkcusEXQmyrqhvZ4twBc-b3BsKfIukaXNW2xfdPXYV12yCI5xfvFpM-pR6C6/s2048/MV5BMjQxNTM4Mjg1NV5BMl5BanBnXkFtZTgwNDYyNzM4NjM@._V1_.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1582" data-original-width="2048" height="309" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI-AA5nqsZ_HEaL8DSSA7bvZGNq7BCgm4Hb2o_y_qBt9QgJu92XMhNVCdln44Y7XIHYJqC6XOSfYSifNXqrfSobChblVZ4mFjcv6jgHYafopGVqkubOTADpoP3hxQ8mkcusEXQmyrqhvZ4twBc-b3BsKfIukaXNW2xfdPXYV12yCI5xfvFpM-pR6C6/w400-h309/MV5BMjQxNTM4Mjg1NV5BMl5BanBnXkFtZTgwNDYyNzM4NjM@._V1_.jpg" width="400" /></a></div><div><br /></div>If your family is like mine, there are certain Christmas-Holiday movies we watch every single year. with fail. <p></p><p>Here's our list:</p><p></p><ul style="text-align: left;"><li><a href="https://amzn.to/3VDjZoW" target="_blank">Elf</a></li><li><a href="https://amzn.to/3HbLDVC" target="_blank">White Christmas</a></li><li><a href="https://amzn.to/3UzztZx" target="_blank">Miracle on 34th Street</a></li><li><a href="https://amzn.to/3P9yUof" target="_blank">The Santa Clause</a></li><li><a href="https://amzn.to/3BdRq9l" target="_blank">Home Alone</a></li><li><a href="https://amzn.to/3uvukam" target="_blank">A Christmas Story</a></li><li><a href="https://amzn.to/3YcWapI" target="_blank">A Christmas Carol</a></li><li><a href="https://amzn.to/3FsSed0" target="_blank">Rudolph the Red-Nosed Reindeer</a></li><li><a href="https://amzn.to/3F5wDWM" target="_blank">Santa Clause is Coming to Town</a></li></ul><div>..and of course - <a href="https://amzn.to/3h1u9Rg" target="_blank">It's a Wonderful Life</a>. Not only does this movie help us to understand what is really important in life, it gives us a great lesson in the uses of life insurance. </div><div><br /></div><div>Wait. What? Yes, it's true. There are great lessons about life insurance contained within this story. <a href="https://blog.massmutual.com/post/george-baileys-life-insurance-lesson?_ga=2.156358066.861817890.1670348440-416983006.1667933372" target="_blank">This article</a> will help you understand what I mean...</div><div><br /></div><div>If your family has a favorite Christmas movie I didn't list, let me know in the comments. If you need life insurance my contact information is below.</div><p></p>
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<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9OyCgMtGkwsA5jwthfkZFnPwjsvWmrJsmN40DdcQC6b0gbdiN-G85TpmrubQpg-_J1m3GaJov0nB68KOHDcyllWuMbJWybmTL5v-OLr2MVpO-qqesWgRKtRNRttdGE7xp6biZeGqdSg/s480/speaking1.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="434" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9OyCgMtGkwsA5jwthfkZFnPwjsvWmrJsmN40DdcQC6b0gbdiN-G85TpmrubQpg-_J1m3GaJov0nB68KOHDcyllWuMbJWybmTL5v-OLr2MVpO-qqesWgRKtRNRttdGE7xp6biZeGqdSg/w164-h181/speaking1.jpg" width="164" /></a></div>Let's start a conversation about insuring your love!</div><div><div><br /></div><div>Phone: 740-324-0702<br /></div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div>Social: #JHAHNCOF</div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-84264218724496815412023-09-27T11:49:00.000-04:002023-09-27T11:49:10.243-04:00A Story about Single Premium Life Insurance Policies<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFkKEkhqY-sbSYDtMzLkpqWIIOfp3FMQBcSs3JobH94ngkh2B0Q_YzMkKhCYx5nGH1QrnpduKgWPKGDZs0n7CDMcxaQiY1Z-BX5EC11WaVGzL90H7ZT-hcGjXJ5fNRLeYHjdIAkfyJYPg/s1600/1560857221066.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="600" data-original-width="900" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFkKEkhqY-sbSYDtMzLkpqWIIOfp3FMQBcSs3JobH94ngkh2B0Q_YzMkKhCYx5nGH1QrnpduKgWPKGDZs0n7CDMcxaQiY1Z-BX5EC11WaVGzL90H7ZT-hcGjXJ5fNRLeYHjdIAkfyJYPg/s400/1560857221066.jpg" width="400" /></a>I was meeting with Susan because she was interested in our annuity rates and she had money sitting in a CD at her bank earning not even half of what we were offering. <br />
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As I began gathering information I learned that the money in the CD wasn't for her. She had planned on setting this $50,000 aside for her 5 grandchildren. She hoped that at her current age of 65 she was going to live to see them all graduate and start families of their own. When it was her time to "<i>go to the Lord</i>" as she said, she wanted them to each have $10,000, hopefully more after 20+years.<br />
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I could tell that Susan loved her grandchildren dearly and really wanted to leave this gift. I asked about her own children and why not leave it to them. Both her son and her daughter were doing fine and didn't need the money. She though this would be a good way to help the grand kids get started, pay off some college debt etc. I agreed and continued with the paperwork.<br />
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Before collecting signatures and the check I asked Susan if I could present another idea to her that she may find interesting. She filled my coffee cup and I took that as a yes.<br />
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"<i>You know</i>", I began, "<i>that your grand kids won't get all of the money that you want them to have, right?</i>"<br />
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She looked at me a little sideways, "<i>what do mean?</i>"<br />
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I smiled, "<i>you know there is a primary beneficiary not listed on these policies, sort of a secret beneficiary, a silent partner if you will that will demand his share before your grandchildren get theirs.</i>"<br />
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"<i>You didn't mention that when we were completing the paperwork. Who is it? You?</i>", she quipped.<br />
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I chuckled and took a sip of coffee. "<i>No, it's not me. It's your Uncle Sam. The money will go to the grandchildren but he'll demand his share of the bounty.</i>"<br />
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She sat back in her chair, relieved. "<i>Oh yeah, I forgot about that. He's the 'silent partner' in almost everything.</i>"<br />
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"<i>Almost</i>", I said, "<i>but not everything. Susan, if I can show you a way to keep Uncle Sam from touching a penny and at the same time give your grandchildren more money, would you be interested in hearing about it?</i>"<br />
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She grabbed her cup, filled it up, took a sip and said, "<i>does a bear..., well yes!</i>"<br />
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"Great!", I said. I pulled out an illustration and began to go over it with her. "<i>It's called a Single Premium Life Insurance Policy. Just like the name suggests, it's a one time payment or a single premium. That same amount of $50,000 that you are planning on putting into the annuity would provide a death benefit of around $105,000 for your grandchildren.</i>"<br />
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Her eyes lit up as she did the math. "<i>So instead of them getting $10,000 or maybe $15,000 years down the road they would each get $21,000?</i>"<br />
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"<i>Sort of</i>", I began, "<i>they would get that if you died in the next year or so but if you lived to say 85 years old the death benefit would be closer to $130,000 based on current rates. But on the guaranteed side, never less than the $105,000. Add to that the fact that they would receive it income tax free and it's a huge win.</i>"<br />
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"<i>What's the catch?</i>", she quickly asked. <br />
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"<i>I guess the biggest 'catch' would be that you would have to qualify for it medically. We'd have to run it through underwriting. You know, an application with medical questions, check on your driving habits," I said with a wink, "maybe an oral swab. Things like that. If all that looks good, we're off to the races.</i>"<br />
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She thought for a minute. "<i>I'm on some blood pressure medications but other than that I'm healthy. My daughter says I drive like a maniac but she's the one with two speeding tickets! What about the money? I mean, I don't expect to need it but what if I do? Can I get it out of the policy?</i>"<br />
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"<i>That's a slight catch",</i> I said. "<i>You can get it out but if you do Uncle Sam will be there with his hand out asking for his cut of any gains you made. The gains have to come out first and they will be taxed as regular income.</i>"<br />
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"<i>No wonder they call him a 'rich uncle'</i>", she laughed. "<i>Let's do that instead of the annuity. It's for the grand kids and I want them to have as much as possible.</i>"<br />
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I hit a few keys on my computer to bring up the application. "<i>Great, I will need the names of 6 beneficiaries though.</i>"<br />
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She put down her coffee cup. "<i>6? I only have 5 grand kids. I suppose you or Uncle Sam need a cut?</i>"<br />
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I laughed, "<i>no, this policy also has a charitable rider attached for free. It allows you to name a Catholic Charity as a beneficiary of additional monies. So your grandchildren will get the full face amount and our company will send another check to your favorite charity. It could be the Church, the Seminary, or maybe the St. Vincent de Paul food pantry where you spend every Thursday morning?</i>"<br />
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"<i>St. Vincent de Paul would be perfect. Let me get that information for you.</i>"<br />
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<b>Single Premium Life Insurance Policies</b> are a great way to make your money work for you and to leave a legacy. Contact me today for details. 740.324.0702 (call/text), hahnjamesm@gmail.com (email/hangouts/duo).<br />
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Legal Information: <i><u>Information and amounts listed are for entertainment and educational purposes only and do not represent any particular policy, company, rider, or persons. Contact me for a free personalized quote for your situation.</u></i><div><i><u><br /></u></i>
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<div>Let's start a conversation about insuring your love!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div>Social: #JHAHNCOF</div><div><a href="https://www.facebook.com/JHAHNCOF" target="_blank">Facebook</a> - <a href="https://twitter.com/jhahncof" target="_blank">Twitter</a> - <a href="https://instagram.com/jhahncof" target="_blank">Instagram</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent, service, knowledge, and reputation is just as important price." </div><div><br /></div><div><br /></div></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-25605249283386778702023-08-29T10:16:00.008-04:002023-08-29T10:21:05.455-04:00Life Insurance: The O.G. of Crowdfunding<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPMCErReiZ0Qh8jrPwSt7uCRENz4Syoho-oG1rgpiYryEupKKLL-iC34GCI_jhAi5xHZp1EV9PG9DN8ducG0PHfn-5ocFQt7LK-G2uJ2xm7PTTJJhPG6ZukEnabjbPWdU-xmyI2i-kCTDo1fN8vFwXIp14y4SV6Hpj2_TusTZCvls5rsslTmBaXRnEBnw/s1200/1.jpeg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="902" data-original-width="1200" height="301" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPMCErReiZ0Qh8jrPwSt7uCRENz4Syoho-oG1rgpiYryEupKKLL-iC34GCI_jhAi5xHZp1EV9PG9DN8ducG0PHfn-5ocFQt7LK-G2uJ2xm7PTTJJhPG6ZukEnabjbPWdU-xmyI2i-kCTDo1fN8vFwXIp14y4SV6Hpj2_TusTZCvls5rsslTmBaXRnEBnw/w400-h301/1.jpeg" width="400" /></a></div>If you research the top Catholic Life Insurance companies in existence today, you'll notice something<br /> interesting; they all came about around the late 1800's<p></p><p><a href="https://www.catholicfinanciallife.org/" target="_blank">Catholic Financial Life</a> - 1868</p><p><a href="https://www.kofc.org/en//index.html" target="_blank">Knights of Columbus</a> - 1882</p><p><a href="https://www.catholicforester.org/" target="_blank">Catholic Order of Foresters</a> - 1883</p><p><a href="https://www.cliu.com/" target="_blank">Catholic Life Insurance</a> - 1901</p><p>This isn't just some weird coincidence. During this time period the United States saw a large influx of immigrants to the country. Many of them were Irish or German and a great many of them were Catholic. This double "curse" of being Irish or German AND Catholic meant that many were excluded from access to community aid in times of need:</p><blockquote style="border: none; margin: 0px 0px 0px 40px; padding: 0px;"><p style="text-align: left;"></p><blockquote><i>"Because of religious and ethnic discrimination, Roman Catholics in the late 19th century were regularly excluded from labor unions, popular fraternal organizations, and other organized groups that provided such social services." (1)</i></blockquote><p></p></blockquote><p>This meant that these immigrants were forced to take the lowest paying, most difficult, and most dangerous jobs available to provide for their families. The result was that many families lost the sole breadwinner, leaving the family broken and/or destitute. Often, many a widow wound up at the Church's doorstep pleading with the local priest and community for assistance.</p><p>In response, these ethnic and religious communities, began "crowdfunding" to help the afflicted family. Over time this method became more organized and refined. Rather than collecting money each time a family found itself in need, organizations began to form that would collect weekly contributions "premiums" to insure that their family was protected if anything should happen. These contributions were carefully invested to provide more assistance and cover basic costs of the organization.</p><p>Today these companies are ranked along with highest rated life insurance companies in the country. In addition, rather than spending money on naming stadiums or buildings, rather than paying for funny mascots or catchy jingles, they put their earnings back into the community through social services, education and service opportunities, orphan benefits, scholarships, low-interest church loans, and more.</p><p>Placing your premiums with a Catholic Fraternal organization (Life Insurance Company) gives you peace of mind knowing your family is protected, your premiums are invested morally, and the growth they gain is used to further the Faith and serve those most in need. </p><p>While emergency crowdfunding has its place, it's hard to beat the financial security that comes with knowing your family is fully protected no matter what and not simply dependent on the kindness of strangers.</p><p>(1) Kauffman, Christopher J. (1982). Faith and Fraternalism: The History of the Knights of Columbus, 1882–1982. Harper and Row. ISBN 978-0-06-014940-6.</p>
<i>Full Disclosure: I am a Life Insurance Agent for <a href="https://www.catholicforester.org/" target="_blank">The Catholic Order of Foresters</a>, <a href="https://www.catholicfinanciallife.org/" target="_blank">Catholic Financial Life</a>, <a href="http://www.stewardshipfinancialgrp.com/" target="_blank">Stewardship Financial Group</a>, and a Development Officer with <a href="https://catholic-foundation.org/" target="_blank">The Catholic Foundation</a>.<br /></i>
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<div><br /><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/s1600/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1067" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/w133-h200/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" width="133" /></a></div><span style="text-align: left;">Let's start a conversation about insuring your love!</span></div></div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price." </div><div><br /></div><div><br /></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-2905064933491837012023-05-22T09:06:00.001-04:002023-05-22T09:06:55.745-04:00Scholarship Opportunities from The Catholic Order of ForestersEvery year the Catholic Order of Foresters offers many different types of scholarships and contests.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0n8XNVPryyaCX03U8IILP_Hm10NDRfCL-SEp5O6RW00kwN16Fdx0eU1KbAON5kzs3AVr2Rb7ZxU7CWzNfAHXpOV5bwoWEQ7xPSFF0FfJw2RvqYsLgeuDyqL_ZBCRuNOVxQBXGzWm3Zfo/s1600/Apply+for+Scholarships.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="310" data-original-width="436" height="227" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0n8XNVPryyaCX03U8IILP_Hm10NDRfCL-SEp5O6RW00kwN16Fdx0eU1KbAON5kzs3AVr2Rb7ZxU7CWzNfAHXpOV5bwoWEQ7xPSFF0FfJw2RvqYsLgeuDyqL_ZBCRuNOVxQBXGzWm3Zfo/s320/Apply+for+Scholarships.jpg" width="320" /></a></div>
Two scholarship applications are due by the end of June. The TAP scholarship is design to help students in Catholic School while REAP scholarship is designed to help students in Religious Education programs (PSR/CCD) and Homeschooled students. The great thing about these scholarships is that you can apply to win regardless of whether you won or lost the previous year.<br />
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Eligibility for these particular scholarships requires the students be COF members*.</div>
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<span style="color: red;">TUITION ASSISTANCE PROGRAM (TAP)</span></h2>
Amount: $500 <br />
Deadline: June 30 <br />
Number of recipients: 60 annually<br />
Details: TAP is available to student members in kindergarten through 12th grade attending a Catholic school. Applicants may apply annually, whether they won or lost the previous year, as long as they are enrolled in a Catholic school. Eligibility to do apply is immediate upon becoming a member. Winners are chosen at random.<br />
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<a href="https://fs20.formsite.com/cofadmin/TAPREAP/index.html" target="_blank">Apply for TAP here</a></div>
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<span style="background-color: white; color: red;">RELIGIOUS EDUCATION ASSISTANCE PROGRAM (REAP)</span></h2>
Amount: $50<br />
Deadline: June 30<br />
Number of recipients: 100 annually<br />
Details: REAP is available to public school student members in kindergarten through 12th grade attending a Catholic religious education program (CCD/PSR/Homeschool). Applicants may apply annually, whether they won or lost the previous year, as long as they are enrolled in a Catholic religious education program. Eligibility to do apply is immediate upon becoming a member. Winners are chosen at random.<br />
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<a href="https://fs20.formsite.com/cofadmin/TAPREAP/index.html" target="_blank">Apply for REAP here</a></div>
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHJrEl8PzXEEXRF5-gJYxz3_uGFZ1yKvRPlBUwh6npqLGEZYtsAc6-FLcslag5id8wjj4Cp95qF3caBb-gfdhG2AiH8L93jWV-NjofbrW3uCtIniAgkkyv-ofn0ql2qR5Bh1wK5pCrjEY/s1600/20190327_112521.jpg" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="900" data-original-width="1600" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHJrEl8PzXEEXRF5-gJYxz3_uGFZ1yKvRPlBUwh6npqLGEZYtsAc6-FLcslag5id8wjj4Cp95qF3caBb-gfdhG2AiH8L93jWV-NjofbrW3uCtIniAgkkyv-ofn0ql2qR5Bh1wK5pCrjEY/s400/20190327_112521.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Shirts worn by the St. Mark Homeschool Life Skills Class</td></tr>
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*Students and Adults are considered <a href="https://www.catholicforester.org/Membership" target="_blank">members of the Catholic Order of Foresters </a>when they have a policy through COF on themselves.</div>
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<i>Full Disclosure: I am a Life Insurance Agent for The Catholic Order of Foresters, Catholic Financial Life, Stewardship Financial, and a Development Officer with The Catholic Foundation.<br /></i>
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<div><br /><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/s1600/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1067" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/w133-h200/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" width="133" /></a></div><span style="text-align: left;">Let's start a conversation about insuring your love!</span></div></div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a> - <a href="https://twitter.com/JHahnAuthor" target="_blank">Twitter</a> - <a href="https://instagram.com/jhahncof" target="_blank">Instagram</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price." </div><div><br /></div><div><br /></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-85530176136701625872023-05-17T10:13:00.001-04:002023-05-17T10:17:02.598-04:008 Reasons for our Family's Donor Advised Fund<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-02U2hW_xEPpcMLYe0y-UvxRYWzFRs_zQwZxG3bci3lGflFpeh2f4upGs3vdsowLfVHqeuXC2OGM1_3F9K3IoB7mq1FxqvlI2n1r2KYqdWbJ13-I4weN9jJ3fM-Cb33XfKaLIW-PbAyw7o2kKYv0CI-SR4VuiW0y7BCZJ8ryo2Bj-GJpAX8so5QU/s4032/20230507_093157.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1816" data-original-width="4032" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-02U2hW_xEPpcMLYe0y-UvxRYWzFRs_zQwZxG3bci3lGflFpeh2f4upGs3vdsowLfVHqeuXC2OGM1_3F9K3IoB7mq1FxqvlI2n1r2KYqdWbJ13-I4weN9jJ3fM-Cb33XfKaLIW-PbAyw7o2kKYv0CI-SR4VuiW0y7BCZJ8ryo2Bj-GJpAX8so5QU/w640-h288/20230507_093157.jpg" width="640" /></a></div><br /> "<i><a href="https://catholic-foundation.org/give-now/?fund_name=The+Hahn+Family+Charitable+Gift+Fund" target="_blank">The Hahn Family Charitable Gift Fund</a></i>", that's the title of our family's new Donor Advised Fund with <a href="https://catholic-foundation.org/" target="_blank">The Catholic Foundation</a>.<p></p><p>A common misconception is that only those with loads of cash can establish an Endowment or Donor Advised Fund. With 8 children under our roof for the past 20 years, I can assure you that there are loads of laundry at our house but not loads of cash!</p><p>So, why would I create a Donor Advised Fund for our family? Here are some of the reasons in no particular order:</p><p></p><ol style="text-align: left;"><li><b>$0.00 To Create</b> - I'm cheap and so when I realized that it costs $0.00 to open the fund, it was a no-brainer. It allows me the flexibility to add to it when I am able without having to worry about minimum balances or fees.</li><li><b>Flexibility In</b> - I recently added some money to the fund with the hope that I can add more in the future. I like that I can add to it monthly, quarterly, annually, when I have extra cash, if I sell some stuff on eBay, or if we get an income tax refund. Flexibilty is key when you still have a bustling family life but want to keep charity in mind.</li><li><b>Felxibility Out</b> - The Donor Advised Fund at The Catholic Foundation is connected to an online platform (DonorCentral) that allows us to view our balance and make grants easily. We can give to schools, our parish, charities, and other organizations with one-time or reoccuring gifts.</li><li><b>Growth</b> - To put it simply, I like the idea of putting the money in the fund and watching it grow (hopefully) so that we can give more to the organzations we love. It's like watching your stock portfolio grow all the while knowing that someone in need is going to benefit from that growth.</li><li><b>Family Giving</b> - My plan is to gather the children at Thanksgiving, let them know how much is in the fund and then have an open discussion about which charity(ies) are most in need. I think this is a great way to a) raise charitably minded children b) raise awareness of needs in our community among my own family members.</li><li><b>Legacy Giving</b> - The Donor Advised Fund allowed us to name our children as Successor Advisors thus ensuring that fund can be used for a long time after Nicole and I move on to our eternal reward.</li><li><b>Planned Giving</b> - As <a href="https://jhahncof.blogspot.com/2023/01/smart-giving-combining-my-life.html" target="_blank">I've mentioned before</a>, the Charitable Riders that we have on our Life Insurance policies are designated to be deposited in this fund. If both of us were to pass away today, that would mean over $70,000 would enter the Donor Advised Fund allowing our children to give wonderful gifts, in our name, to some of our favorite organizations. In addition, we've set up the fund in such a way that any remaining money in the fund, after the death of the last successor advisor, is moved to a fund to help support vocations.</li><li><b>It's Catholic</b> - Finally, we love the peace of mind that comes from knowing that The Catholic Foundation not only invests our funds according to the teachings of the Church and within USCCB guidelines but also carefully vets organizations that will receive the money to ensure that their work is not contrary to the teachings of the Church.</li></ol><div>A Donor Advised Fund is an easy way to enter into the planned giving space. Consider opening your own DAF and funding it as you are able. It's also a great way to get the entire family to think more charitably. It's also a great giving tool for businesses. Reach out to me to learn more!</div><div><br /></div><p></p>
<i>Full Disclosure: I am a Life Insurance Agent for The Catholic Order of Foresters, Catholic Financial Life, Stewardship Financial, and a Development Officer with The Catholic Foundation.<br /></i>
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<div><br /><div class="separator" style="clear: both; text-align: center;"><span style="text-align: left;">Let's start a conversation about insuring your love!</span></div><div class="separator" style="clear: both; text-align: center;"><span style="text-align: left;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/s1600/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1067" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEay-zzmuLoDCNnpi62Xkw41gM8hieEc79Z_DVcp9iC4rmpbcV8GCA-yYpgpLobPb3kUMrweVUd5XbeQjr6VLY0p3bNiLBXw5zschedFde3Aw0NKiaJVzu8JfViakemilaj3KwirjfaEhbCewivgY5yTe5U-1ytlQK_zcfsJmmquCUfO_pi83bKpnz/w133-h200/CATHOLIC%20FOUNDATION3725_JPEG%20sRGB%201600px%20for%20web.jpg" width="133" /></a></div></div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a> - <a href="https://twitter.com/JHahnAuthor" target="_blank">Twitter</a> - <a href="https://instagram.com/jhahncof" target="_blank">Instagram</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price." </div><div><br /></div><div><br /></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-39765640358740374212023-01-25T11:25:00.002-05:002023-01-25T11:25:29.481-05:00Smart Giving - Combining my Life Insurance Rider with a Donor Advised Fund<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJLRWlS4stDWgpUu8iqfN381O_EILJmOUGmms5Dnz-B2MZvhlsSRn3GqPBpFyTXLP7qJl1V-EnG69FznRbuhPY73MpWOxG3jc4crMAQRRJdF7bgCQmxld907CNtlQZIBInNqf20UfoeqBm8HIq0hPBIX2b105LeLpC27wfuhrCPhpBAySj6qVRFYTj/s959/960x0.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="639" data-original-width="959" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJLRWlS4stDWgpUu8iqfN381O_EILJmOUGmms5Dnz-B2MZvhlsSRn3GqPBpFyTXLP7qJl1V-EnG69FznRbuhPY73MpWOxG3jc4crMAQRRJdF7bgCQmxld907CNtlQZIBInNqf20UfoeqBm8HIq0hPBIX2b105LeLpC27wfuhrCPhpBAySj6qVRFYTj/w400-h266/960x0.jpg" width="400" /></a></div>I own a Life Insurance policy through the <a href="https://www.catholicforester.org/" target="_blank">Catholic Order of Foresters</a>. Attached to this policy is a<br /> unique rider. It's is called the <a href="https://www.catholicforester.org/life-insurance/fraternal-legacy-rider" target="_blank">Fraternal Legacy Rider</a> which allows me to name a Catholic, non-profit organization as a beneficiary of additional funds. This money is in addition to what my family will receive. My wife will receive a check when I die and so will the organization, in my name without taking anything away from her.<p></p><p>Yesterday, I changed this charitable beneficiary to <a href="https://catholic-foundation.org/" target="_blank">The Catholic Foundation</a> and specifically to our family's <a href="https://catholic-foundation.org/planned-giving/types-of-funds/donor-advised-fund/" target="_blank">Donor Advised Fund</a>. This way, when I pass, my wife and children will have the privilege of dispersing nearly $35,000 to charities near and dear to all of us. </p><p><b>I love this set up for a few reasons:</b></p><p>1. My life insurance premiums go to a company not focused on jingles or mascots. Rather, they do good with their profits. They do this through the rider, scholarships, local events, and more. Plus, I know that my life insurance premiums are invested in a way that both I and the Church agree with.</p><p>2. The money given to The Catholic Foundation too is invested according to Church teachings and if my family allows it to sit in the Donor Advised Fund for a time, it could grow and provide for more giving. In addition, the Catholic Foundation will only allow money to be granted out from the fund to organizations that aren't in contradiction to the Church's teachings.</p><p>3. I love the thought of my family getting together and having the joy of supporting organizations we love and doing it in my memory. As much as I know they would love to have me instead, I love that this is one more gift that they in turn can give to others.</p><p><br /></p><p>I've created links below if you would like to learn more about any of these organizations or funds we like to support. It's called smart giving, reach out to me for more information.</p><p></p><ul style="text-align: left;"><li><a href="https://www.catholicforester.org/" target="_blank">Catholic Order of Foresters</a> Est. 1883 - Life Insurance, Annuities, Disability Insurance, Long-Term Care Insurance</li><li><a href="https://catholic-foundation.org/" target="_blank">The Catholic Foundation</a> - Planned Giving using Donor Advised Funds, Endowments, Scholarships, Charitable Gift Annuities, Charitable Remainder Trusts, Bequests</li><li><a href="https://catholic-foundation.org/give-now/?fund_name=The+Hahn+Family+Charitable+Gift+Fund" target="_blank">The Hahn Family Charitable Gift Fund</a> - Our Donor Advised Fund</li><li><a href="https://damascus.net/" target="_blank">Damascus Catholic Mission Campus</a> - (CYSC) Catholic Youth Summer Camp, Retreats</li><li><a href="https://www.bottomsup.life/" target="_blank">Bottoms Up Diaper Bank</a> - Helping single mothers provide diapers for their children.</li><li><a href="https://colscss.org/" target="_blank">Catholic Social Services</a> - Providing assistance for all areas of human need.</li><li><a href="https://catholic-foundation.org/give-now/?fund_name=The+Columbus+Seminarian+Discernment+Fund" target="_blank">The Columbus Seminarian Discernment Fund</a> - Helping young men discern their calling.</li><li><a href="https://backinhisarmsagain.com/" target="_blank">Back In His Arms Again</a> - Providing resources for a proper dignified burial for babies and other needed resources for parents experiencing loss.</li><li><br /></li></ul><p></p><p><i>Full Disclosure: I am a Life Insurance Agent for The Catholic Order of Foresters and a Development Officer with The Catholic Foundation.<br /></i></p>
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<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhv00ZkVYFMMikWQnoSZ91siD7iOQaAFzNlFK4QCcco7WiEQxvfTznbZyIjcf1gJcbLjjf8gSd5OrMSX_cAhKoX7n1M-jcatrgYmDvXFXvPfg7tZzynTJcfyPbsTXualjU02oRZxI2FXXh9DT13OgOadPANHllJDnC5SnIfxMxn01WXaghKaXtwdUsB/s3668/Jim%20Hahn%207540.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="3668" data-original-width="2622" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhv00ZkVYFMMikWQnoSZ91siD7iOQaAFzNlFK4QCcco7WiEQxvfTznbZyIjcf1gJcbLjjf8gSd5OrMSX_cAhKoX7n1M-jcatrgYmDvXFXvPfg7tZzynTJcfyPbsTXualjU02oRZxI2FXXh9DT13OgOadPANHllJDnC5SnIfxMxn01WXaghKaXtwdUsB/w143-h200/Jim%20Hahn%207540.jpg" width="143" /></a></div>Let's start a conversation about insuring your love!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a> - <a href="https://twitter.com/JHahnAuthor" target="_blank">Twitter</a> - <a href="https://instagram.com/jhahncof" target="_blank">Instagram</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price." </div><div><br /></div><div><br /></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-32338854688607895462023-01-12T08:57:00.000-05:002023-01-12T08:57:55.559-05:00A Term Life Insurance Policy that Protects GenerationsNo one likes to think about losing a child or grandchild.<div><br /></div><div>But if you did today, how would you cover their final expenses? </div><div><ul style="text-align: left;"><li><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZSDYnYkdZeeYDUcpmMdavxQQ78Q9SsiXVb8lxUE3PozaI4Jlm0ZLOs_EhwTT-684o2O4TXyLN4Fhq0lQ2TRxcCsaM5QRmRgL93BaqFvQe53PJHq265PAYaQhepSRa0naNDsgwJQJim20/s2048/Family.JPG" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="1365" data-original-width="2048" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZSDYnYkdZeeYDUcpmMdavxQQ78Q9SsiXVb8lxUE3PozaI4Jlm0ZLOs_EhwTT-684o2O4TXyLN4Fhq0lQ2TRxcCsaM5QRmRgL93BaqFvQe53PJHq265PAYaQhepSRa0naNDsgwJQJim20/w400-h266/Family.JPG" title="Jim and Nicole Hahn and Family" width="400" /></a></div>Cash? </li><li> Savings? </li><li> Credit Card? </li><li> GoFundMe? </li><li>Borrow from family and friends?</li><li>Payment Plan with the Funeral Home?</li></ul>With the events of the past 3 years fresh on the mind, many people just like you are looking to lock in their child’s health and insurability for their future and their child(ren)'s future family.<br /><br />A $200,000 term policy can help you do just that without breaking the bank. Why $200,000 when a funeral only costs between $5,000 and $12,000. This additional coverage provides money for:</div><div><ul style="text-align: left;"><li>Paid time off from work to grieve and celebrate a life</li><li>The ability to turn a tragedy into a blessing by starting a scholarship, donating to their favorite school or summer camp, or simply helping a sibling in some way.</li><li>Pay off debt they may have acquired after age 18</li><li>Assist siblings with their educational or other needs.</li></ul>For around $25 per month these policies may provide the following benefits*:<br /><ol style="text-align: left;"><li>A level monthly premium to age 62. That's a 57 year term policy for 5 year old!! I wish my term coverage only cost $25 per month!!</li><li>Eligibility for numerous insurance company scholarship opportunities.</li><li>Convertibility to a permanent policy with no additional health questions.</li><li>Additional beneficial riders that may include charitable riders, guaranteed purchase riders, living benefit riders, and more.</li><li>A term policy that can last well into their life protecting your family now and theirs well into the future.</li><li>Modest cash value growth (even with term!).</li></ol><div>Consider locking in your child's health today, protect your family from financial hardship should the worse happen, and put your child/grandchild in a secure position to provide for their future family. These types of term policies are a great way to do all of this without breaking the bank! Policies can be purchased by parents and/or grandparents.</div><div><br /></div><div>*Benefits are determined by insurance carrier, see your insurance agent for options and details. Not all companies offer the same plans, benefits, or riders.</div><div><br /></div></div>
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<div>Let's start a conversation about insuring your love!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a> - <a href="https://twitter.com/JHahnAuthor" target="_blank">Twitter</a> - <a href="https://instagram.com/jhahncof" target="_blank">Instagram</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price." </div><div><br /></div><div><br /></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-85796037861094678292023-01-07T09:48:00.000-05:002023-01-07T09:48:31.512-05:00Procrastination is Expensive<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikv2sxR9WE81kiTF8DNFApyf5seHs-AsDCF_52olv5ic-h0p82Xvgak_UctdYE3WqXkGSM2ru0ls_RWWDU-m7aaUvAjKHjHiNoSn3YWwoGfwDJYHpsiMDGpNzFS6W9xoMiOAAvbeLMKXw/s2543/20200926_175521.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="1236" data-original-width="2543" height="195" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikv2sxR9WE81kiTF8DNFApyf5seHs-AsDCF_52olv5ic-h0p82Xvgak_UctdYE3WqXkGSM2ru0ls_RWWDU-m7aaUvAjKHjHiNoSn3YWwoGfwDJYHpsiMDGpNzFS6W9xoMiOAAvbeLMKXw/w400-h195/20200926_175521.jpg" width="400" /></a></div>A creek runs through our property parallel to our farm pond behind the big 150 year-old barn that used to<br /> house dairy cows. This creek is lined by Oak, Poplar, Walnut, and Catalpa trees. Recently one of those trees fell into the creek where it passes close to the pond. Instead of immediately grabbing chainsaws and removing the tree, we let it lay there. Not long after there were some serious rains and flooding. As the water rushed by the fallen tree, debris began to collect on the limbs. This collection of debris diverted the water toward the bank between the creek and the pond. Slowly and surely the bank began to be eaten away by the constant flow of water. Today we are looking at an extremely time consuming and costly repair to that piece of dirt between the pond and creek. <p></p><p>How could all of this have been avoided? By taking some time and chopping up the fallen tree. A few hours of work in the creek bed could have saved us hours of labor and thousands of dollars.</p><p>Procrastination is expensive.</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLSIWIUyyEjwKbsGa0znWCwxxswTFP9mgz7ShyphenhyphenE6LXuIg8ltET1RPjjIdrYc8sA2JTlkHvSlqRMZHVlWewMrncM1n0Mw533JVKMsp35NyWuL-nTD7GmoMVk1x0s9gRtwr2ccz4t1lrzzA/s1000/Depositphotos_65611005_xl-2015.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="403" data-original-width="1000" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLSIWIUyyEjwKbsGa0znWCwxxswTFP9mgz7ShyphenhyphenE6LXuIg8ltET1RPjjIdrYc8sA2JTlkHvSlqRMZHVlWewMrncM1n0Mw533JVKMsp35NyWuL-nTD7GmoMVk1x0s9gRtwr2ccz4t1lrzzA/s320/Depositphotos_65611005_xl-2015.jpg" width="320" /></a></div>How many of us have simply driven our car with a "check-engine" light in our face telling us that things were going to be more expensive by the mile? How many of us have avoided simply vacuuming the refrigerator coils on the back of the refrigerator? You change the furnace filter semi-regularly and vacuum out the accumulating dust right? That little drip under the sink where you placed a bucket, is it about to turn into replacing cabinets and carpet?<p></p><p>Procrastination is expensive.</p><p>Procrastination in finance is expensive too. No more so than in the area of life insurance. A 40 year-old man in decent health can expect his premiums to be nearly 8% higher if he waits until he is 41, just one year. 8% doesn't seem like much but that waiting for 1 year will end up costing him over $1500 in the long run over the course of the policy. Wait 2 years? The premiums increase by over 16%.</p><p>Procrastination is expensive.</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIJNHXH3ooxzTDb4C2RCtERjW0avs6KhboHERlJMQnCe7Twv5gV0oo5Hjl_Ry1dBCA3tLre3l5hO6TaN0QOjidEbaIBqOcFBNfcrh1uHarSAl9WQgVJYV-s2p7b0zvdlFkk8y0EfzUgso/s1254/best-bathroom-scales.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="836" data-original-width="1254" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIJNHXH3ooxzTDb4C2RCtERjW0avs6KhboHERlJMQnCe7Twv5gV0oo5Hjl_Ry1dBCA3tLre3l5hO6TaN0QOjidEbaIBqOcFBNfcrh1uHarSAl9WQgVJYV-s2p7b0zvdlFkk8y0EfzUgso/s320/best-bathroom-scales.jpg" width="320" /></a></div>What about procrastinating until I "<i>quit smoking, lose weight, get healthier, etc.</i>,"? This procrastination is the most expensive. Too often those changes take a long time to happen if they happen at all. It's better to get the insurance now and use your higher premiums as motivation to get healthier, stop smoking, etc. The goal of getting healthy to lower your premiums is a fantastic motivator. In addition, waiting always increases the risk of something happening that makes you uninsurable. I've seen that happen too many times.<p></p><p>Procrastination is expensive so make it a point to stop putting off what needs to be done. Cut up the tree, take the car to the shop, exercise, and call your insurance agent today!</p>
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<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9OyCgMtGkwsA5jwthfkZFnPwjsvWmrJsmN40DdcQC6b0gbdiN-G85TpmrubQpg-_J1m3GaJov0nB68KOHDcyllWuMbJWybmTL5v-OLr2MVpO-qqesWgRKtRNRttdGE7xp6biZeGqdSg/s480/speaking1.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="434" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9OyCgMtGkwsA5jwthfkZFnPwjsvWmrJsmN40DdcQC6b0gbdiN-G85TpmrubQpg-_J1m3GaJov0nB68KOHDcyllWuMbJWybmTL5v-OLr2MVpO-qqesWgRKtRNRttdGE7xp6biZeGqdSg/w164-h181/speaking1.jpg" width="164" /></a></div>Let's start a conversation about insuring your love!</div><div><div><br /></div><div>Phone: 740-324-0702<br /></div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-2505907460148350232023-01-06T10:52:00.000-05:002023-01-06T10:52:32.572-05:00What is "Catholic" Life Insurance?<div class="separator"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtMXqLReGn2UE3gB8FN97zmK7u5jEZ8tmbMWMZBrAeotMAAfIvS3I_kduAAyb6lfnU-ngvxD76GO4x0-Z9mhB9kXv4ncPE8BOfQy6GyHienoeEvIZDq-dAuQTgNu6vGTwQLBp0BOA4LaY/s1364/cof.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em; text-align: center;"><img border="0" data-original-height="979" data-original-width="1364" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtMXqLReGn2UE3gB8FN97zmK7u5jEZ8tmbMWMZBrAeotMAAfIvS3I_kduAAyb6lfnU-ngvxD76GO4x0-Z9mhB9kXv4ncPE8BOfQy6GyHienoeEvIZDq-dAuQTgNu6vGTwQLBp0BOA4LaY/w400-h288/cof.jpg" width="400" /></a></div><div class="separator">What is "Catholic" Life Insurance? I get this question all of the time.</div><div class="separator"><br /></div><div class="separator">Catholic life insurance consists of life insurance policies that have been blessed by a priest, bishop, or even the Pope. They come with special dispensation and a plenary indulgence.</div>
<div style="text-align: justify;"><br /></div>Just kidding...<br />
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When I refer to Catholic life insurance or myself as a Catholic Life Insurance Agent I mean that these policies are issued by Insurance Companies that adhere and uphold the teachings of the Catholic Church.<br />
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Many of these companies, mine included, are Fraternal Life Insurance Companies or Fraternal Benefit Societies. Unlike Stock Life Insurance Companies, they are not beholding to the investors. There's no bent toward the bottom line with an "<i>ends justifies the means</i><span style="font-style: italic;">" mentality. </span><i><br /></i>
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Similar to Mutual Insurance companies, Fraternals are "<i>owned</i>" by the policy holders. Unlike Mutual Insurance Companies, Fraternal companies are not-for-profit organizations that use gains to help better the communities in which policy holders reside. Fraternal insurance companies also offer many perks for policyholders, their families and their parish (if Catholic). These would include but not be limited to educational scholarships, orphan benefits, social service opportunities, spiritual growth events, church loans, charitable riders for policies, emergency fundraising efforts, and more.<br />
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Don't let the word <i>Fraternal</i> fool you, many, though not all, Fraternal Insurance Companies, mine included, have women policy holders, agents, and CEOs.<br /><br />Another "Catholic" aspect is investments. Having a policy with a Catholic Life Insurance company means that you don't need to be concerned with how or where the company is investing your premiums or how it is attaining your dividends. These companies invest with the teachings of the Magesterium in mind. There's no investing in companies that perform abortions, manufacture chemical birth control, or pornography. All of the investments are carefully screened and that's a great relief for many of us. <div><br /></div><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhu0agenuz4TGeNlFp2g-tdLdwlMv41iCcil8o277OAgcjss1Y47t_Hz-X2ESHVX1De0T-1l3XsM7fgVMhmoi9oZMgJ49YNchRR0PmWJD6vZ2pWKUJWzc5TRAtd_vkGh9Wk5e9iUWjPF7M/s1755/team.jpg" style="clear: right; float: right; font-style: italic; margin-bottom: 1em; margin-left: 1em; text-align: justify;"><img border="0" data-original-height="943" data-original-width="1755" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhu0agenuz4TGeNlFp2g-tdLdwlMv41iCcil8o277OAgcjss1Y47t_Hz-X2ESHVX1De0T-1l3XsM7fgVMhmoi9oZMgJ49YNchRR0PmWJD6vZ2pWKUJWzc5TRAtd_vkGh9Wk5e9iUWjPF7M/w400-h215/team.jpg" width="400" /></a>If you'd like to know where your current insurance company is putting its money, check out<a href="https://www.2ndvote.com/" target="_blank"> 2nd Vote.</a><br />
<br />
So, if you are Catholic and want your insurance to protect your family while helping the Church and the greater community, Catholic Life insurance companies are a great choice. Many of them have ratings as high or higher than some of the biggest companies and with some being around for over 130 years, their track record speaks for itself.<br />
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Contact me today to start a conversation about your financial goals and objectives and how a Catholic perspective might help with that plan.<br /><br /></div>
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<div>Let's start a conversation about insuring your love and supporting your Catholic community!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://www.facebook.com/jmhahncof/" target="_blank">Facebook</a> - <a href="https://instagram.com/jhahncof" target="_blank">Instagram</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price." </div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-1466379973239242802022-11-14T08:59:00.001-05:002022-12-06T12:51:54.095-05:00Transferring Wealth the Smart Way"<i>We have $50,000 in a CD at the bank just for the kids. You know, so that when we're gone, the 5 of them will get $10,000 each.</i>"<br />
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"<i>Since my wife died, I've decided to name my kids as the beneficiaries of my IRA's and 401k. I'm also leaving my life insurance death benefit to my Church.</i>"<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbAhyphenhyphenpwyA6pgekmMXc8V9QErgu93x2ZPEAAxgQHFDtCu6cgg-wXtrNYeRwUaAzWh9IK6mobmT2Uy6Pgn-qLcKigoT7rgqWxLAQD6S2tW1F9ShOUvFlW-Y3Xd9b6RArfZHBt6BSJ-0rp9c/s1600/wealthtransfer.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="517" data-original-width="984" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbAhyphenhyphenpwyA6pgekmMXc8V9QErgu93x2ZPEAAxgQHFDtCu6cgg-wXtrNYeRwUaAzWh9IK6mobmT2Uy6Pgn-qLcKigoT7rgqWxLAQD6S2tW1F9ShOUvFlW-Y3Xd9b6RArfZHBt6BSJ-0rp9c/s400/wealthtransfer.jpg" width="400" /></a>These are just two examples of conversations I've had recently with different clients. Both ideas, both statements, seem like worthy and noble efforts. However, they show me one of two things. Either these clients don't, or at least didn't, understand the power of life insurance or they've been scared away from life insurance by the talking heads of financial genius on the radio or internet.<br />
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My goal as a life insurance agent is first and foremost education. So let's take a look at each scenario and see what we could do better...<br />
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<b>EXAMPLE ONE</b><br />
In example number 1, the couple with $50,000 in a CD, there are a number of issues.<br />
a) The CD is probably not paying them very much in interest.<br />
b) What they are gaining is taxable each year unless it's in an IRA CD.<br />
c) If the money is needed for an emergency, there will be penalties for removing it from the CD.<br />
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So, how can life insurance help with example number 1?<br />
a) If used to purchase a <a href="https://jhahncof.blogspot.com/2020/11/a-story-about-single-premium-life.html" target="_blank">single-premium policy</a> on the life of husband or wife (age 65) it would provide somewhere between $97,000, if on the husband, and $106,000, if on the wife, of income tax free money for the kids (or grand-kids). So instead of $10k they may get nearly $20k. By moving it from a CD to life insurance they were able to nearly double what they wanted to leave to their children. In addition, that death benefit may grow each year. In the case of the wife, in year 20 the benefit has grown to roughly $134,000<br />
b) The life insurance cash value grows at a guaranteed rate and the money is accessible, in the form of a loan, without penalty.<br />
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<br />
<b>EXAMPLE TWO</b><br />
Leaving money to your kids and your favorite charity are great ideas. Why not pay forward the gifts you have received in this life? However, the example listed above is simply backwards.<br />
<br />
Leaving your IRA or 401k to a non-spouse like a child seems like you are leaving them a fortune, and you may be, but you may also be leaving them a massive headache where one false move can cost them much of what you meant to leave behind.<br />
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A better option is to leave the complicated items like the IRA or 401k to the charity and it's experts to process. You may also qualify for a tax deduction. Leaving life insurance to those you love is fairly clean and straight forward where in most cases they simply get a check free and clear. <div><br /></div><div>You may also consider the various ways to transfer that taxable money into a life insurance product thus leaving both the charity and your family income tax free, and headache free, money! <br />
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If you're IRA or 401k is larger than your life insurance policy or vise versa, talk to your tax advisor and insurance agent about how to make sure your wishes are fulfilled for both your charity and your family and how to adjust those tools to fit your desires. </div><div><br /></div><div>In the above case, moving your money to a <a href="https://catholic-foundation.org/planned-giving/types-of-funds/charitable-gift-annuity/" target="_blank">Charitable Gift Annuity</a> and using some of your annual payout to purchase a life insurance policy for those you leave behind may be the perfect answer.<br /><br />
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<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9OyCgMtGkwsA5jwthfkZFnPwjsvWmrJsmN40DdcQC6b0gbdiN-G85TpmrubQpg-_J1m3GaJov0nB68KOHDcyllWuMbJWybmTL5v-OLr2MVpO-qqesWgRKtRNRttdGE7xp6biZeGqdSg/s480/speaking1.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="434" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9OyCgMtGkwsA5jwthfkZFnPwjsvWmrJsmN40DdcQC6b0gbdiN-G85TpmrubQpg-_J1m3GaJov0nB68KOHDcyllWuMbJWybmTL5v-OLr2MVpO-qqesWgRKtRNRttdGE7xp6biZeGqdSg/w164-h181/speaking1.jpg" width="164" /></a></div>Let's start a conversation about insuring your love!</div><div><div><br /></div><div>Phone: 740-324-0702<br /></div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div>Social: #JHAHNCOF</div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-64007556757279768332022-11-10T10:16:00.003-05:002022-11-10T10:16:56.181-05:00What is Self-Funded Life Insurance?<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIPWZelxmojbW-PVpdouakcKU8jYzMjx_hn-QqsWixz8B_Ucnm3vBoeBDNPGjRvlVFYpJwQI6PY9eZo4ryvTl3bSGV9OalHGjy8mPRI5KJZ6lVl_qqIa7e7y5CmWy2r4EGuCGOhBh9IK_7hWvQMI-JocWCIigRv9Jqf_J-szFePZJfxs2RMZ8ahNza/s677/SelfIns.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="456" data-original-width="677" height="216" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIPWZelxmojbW-PVpdouakcKU8jYzMjx_hn-QqsWixz8B_Ucnm3vBoeBDNPGjRvlVFYpJwQI6PY9eZo4ryvTl3bSGV9OalHGjy8mPRI5KJZ6lVl_qqIa7e7y5CmWy2r4EGuCGOhBh9IK_7hWvQMI-JocWCIigRv9Jqf_J-szFePZJfxs2RMZ8ahNza/s320/SelfIns.jpg" width="320" /></a></div>Welcome to my crazy world where Cash is King, Debt is Dumb, and ..... well, where Self-Insurance is Stupid.<p></p><p>For years I've heard so many people tell me that they don't need life insurance because they are now self-insured. What does that even mean? I've asked that very question to many with a variety of answers. What it appears to boil down to is the idea that you have enough cash, etc., saved that you can pay for your final expense needs out of pocket.</p><p>Well, let me be the first to say congratulations. However, I'm often skeptical when people tell me this because more often than not, when I meet people who have have money, they also have insurance, and lots of it.</p><p>The "self-insurance" approach, when it comes to life insurance, really doesn't make much sense when you understand how life insurance works. In fact, I'd say it's not the smartest financial move you could make and here's why.</p><h4 style="text-align: left;">Final Expenses</h4>A <a href="https://www.forbes.com/advisor/life-insurance/how-much-does-a-funeral-cost/" target="_blank">2021 study</a> from the National Funeral Directors Association shows the median cost of an adult funeral with viewing and burial is $7,848, up 6.6% from 2016. That doesn't sound too bad but as the commercial says, but wait there's more. This price tag doesn't include the burial plot or urn vault (<a href="https://www.memorialplanning.com/funeral-products/cemetery-burial-plots" target="_blank">$1,213</a>), it doesn't include the opening and closing of the grave or internment of the ashes <a href="https://www.lhlic.com/consumer-resources/average-funeral-cost/#:~:text=Funeral%20Plot,-Many%20people%20don&text=On%20top%20of%20the%20grave,%243%2C000%20in%20a%20private%20one." target="_blank">($1,000)</a>, it doesn't include the headstone or marker <a href="https://www.lhlic.com/consumer-resources/average-funeral-cost/#:~:text=Funeral%20Plot,-Many%20people%20don&text=On%20top%20of%20the%20grave,%243%2C000%20in%20a%20private%20one." target="_blank">($2,500)</a>. <div><br /></div><div>Keep in mind that 30 years ago the average cost of a funeral was $4,207 (not including plot, grave stone or opening/closing ground). That means funeral costs have increased 53% since 1992, if that pace continues, the average cost in 2052 will be $12,043 for just the basics. If the other items increased at the same rate, the total package would be around $19,218!<div><br /></div><div>Okay, so let's look again at those costs ( $7,848 + $1,213 + $1,000 + $2,500) = $12,561. A cremation may be slightly less than this number but let's use the number for analysis. </div><h4 style="text-align: left;">A Couple of Options</h4><div>Let's suppose you are 50 years old now and have this money stored for your self-insurance / final expenses...</div><div><ol style="text-align: left;"><li>Where are you keeping the money? Savings or CD's? If so, the money isn't growing fast, maybe at between .025% and 1% and then you have to pay taxes on that growth each year. This may be just enough to keep up with those increases over time.</li><li>Where are you keeping the money? ROTH IRA? If so, your money is growing a little faster than a savings account or a CD. In addition, it's growing without having to pay taxes. Certainly not a terrible option. However, a ROTH limits your contributions. Do you really want to put your hard-earned money in a ROTH simply to be used to bury you. It seems like a waste or resources.</li></ol><h4 style="text-align: left;">The Power of Life Insurance</h4><div>Now let's look at Life Insurance. For our purposes, we're only going to focus on <a href="https://jhahncof.blogspot.com/2020/11/a-story-about-single-premium-life.html" target="_blank">Single-Premium</a> (one time payment) Policies since the money is already available and set aside as "self-insurance." </div></div><div><br /></div><div>Assuming an individual of 50 years of age passed the medical review (most likely a medical prescription check, motor vehicle check, doctor's records and an oral swab) the same $12,561 could provide an immediate death benefit of around $24,593. That's double the initial amount (probably won't happen with a ROTH) and all income tax free (unlike money in a savings or CD).</div><div><br /></div><div>That's all if the individual died shortly after approval and issue. But what happens if this man lived another 36 years (based on IRS longevity table)? The death benefit at that point could be nearly $50,000 but never less than the original death benefit<br /> of around $24,593.</div><div><br /></div><div>So, the cash languishing in a CD could be placed in a Single-Premium policy and grow from $12,561 to nearly $50,000 of tax free benefit at death. This is a much smarter option and helps you make your money work for you rather than working hard at growing your money. I call this being "smart insured" instead of being self insured.</div><div><br /></div><div><span style="font-size: x-small;">N.B. Single Premium policies are considered <a href="https://www.nerdwallet.com/article/insurance/modified-endowment-contract#:~:text=The%20MEC%20rules%20were%20created,retirement%20or%20estate%20planning%20purposes." target="_blank">MECs (Modified Endowment Contracts</a>) by the IRS. This means that the same rules apply to them that apply to qualified accounts like IRAs and Annuities - gains must be taken first and a 10% penalty may be applied if withdraws from the cash value are taken prior to age 59 1/2. Consult your agent for details.</span></div><div><br /></div></div>
Legal Information: <i>Information and amounts listed are for entertainment and educational purposes only and do not represent any particular policy, company, rider, or persons.</i><hr />
<div>Let's start a conversation about insuring your love and being smart insured not self insured!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>
James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-19086740144797319852022-10-12T09:42:00.000-04:002022-10-12T09:42:15.557-04:00Open Enrollment and Group Term InsuranceBeginning in October each year many companies offer employees an opportunity enroll or re-enroll in various benefit programs. These often include heath insurance, dental insurance, life <br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha7x30Y-hxdGVEsChuzl-8-z8DlodFxKsgV68UddHuzWXGc8QX1xc_8cJK5heGHGW2wvqmiUUWGc-wLbGxyQ8648OIxf3eTAgdAohSVZQEiFJCOJxly7EHs-n3eKRb3ZVKhlb-QLfPF0U/s1600/OEImage.png" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="200" data-original-width="305" height="262" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha7x30Y-hxdGVEsChuzl-8-z8DlodFxKsgV68UddHuzWXGc8QX1xc_8cJK5heGHGW2wvqmiUUWGc-wLbGxyQ8648OIxf3eTAgdAohSVZQEiFJCOJxly7EHs-n3eKRb3ZVKhlb-QLfPF0U/s400/OEImage.png" width="400" /></a></div>
insurance, and investment programs.<br />
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Group term life insurance is often provide by the company with the option to increase coverage if desired, provided the employee pays for the increased coverage. Many take advantage of this opportunity for two reasons. First, in most cases, there is little to no underwriting. There are no nurses or needles or seemingly endless medical questions. Second, the process is easy and the money comes out of your paycheck.<br />
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What you may not realize about group term life insurance is that it can often be extremely expensive compared to a personally owned policy. I've personally seen coverage costing nearly double that of a personally owned policy.<br />
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The reason for this is simple. The insurance company that is providing the benefits has to account for all the people who may be obtaining the insurance from the super health individual to the very unhealthy. So you may be super healthy but since everyone is grouped together, you have to pay the same premiums as someone who is living a very unhealthy lifestyle. The insurance company has to pad the premiums for this factor.<br />
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In most cases a personally owned policy is a better option because it is less expensive. In addition, the policy is designed for your individual situation taking into account your personal financial goals and needs.<br />
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Let's look at a few more advantages of personally owning your life insurance policy.<br />
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<ul>
<li><b>Taxation</b> - Group term life insurance is often taxable if it is provided by the employer and exceeds $50,000 of coverage. <i>Personally owned life insurance</i> proceeds are generally distributed to the beneficiaries income-tax free. <a href="https://www.irs.gov/government-entities/federal-state-local-governments/group-term-life-insurance" target="_blank">See IRS details.</a></li>
<li><b>Portability </b>- Group term life insurance coverage often ends when the employee leaves the employer. The employee may be able to retain the coverage if converted to a permanent policy. These permanent policies are often base models with no riders or benefits attached. <i>Personally owned life insurance</i> coverage is owned by the owner or insured and is completely portable. Conversion privileges are often included and at the health rating of the individual when originally purchased.</li>
<li><b>Riders </b>- Most group term life insurance policies do not offer riders to the insured. <i>Personally owned life insurance</i> policies may include a number of riders (accidental death, waiver of premium, charitable riders, child riders, accelerated benefits, and more.) Many of these riders are very inexpensive or free.</li>
<li><b>Disposable</b> - One of the biggest drawbacks of group term life insurance is that it is a benefit provided by the company. This means that there is always the possibility that this benefit could be done away with. <i>Personally owned life insurance</i> cannot be cancelled except by the insured/owner. It can be cancelled by the insurer but only for lack of payment.</li>
</ul>
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Group term life insurance is a great option for those who are not healthy. It's also a great benefit if it's free. Otherwise, you would do well to consider owning your own life insurance. Your family's financial well being is too important to leave to chance.</div>
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Have you already enrolled? No worries, you can always drop that coverage once you have your own personally owned life insurance policy in place.</div>
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<div>Let's start a conversation about insuring your love and supporting your Catholic community!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>
James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-72108436325192853292022-09-28T09:38:00.002-04:002023-09-27T08:54:44.064-04:00Understanding Annuities Part I<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-aZQPvANgryrBhztHSPJEyMib71ToylD5S56H-tcpryKnJW2L7UNM-97iMeKz6pCY74XAMiJAIt96RefkASB4pTZRV8VXfb9huMSpAcgwW8kmBKL5gKCE2p1MiCM_e5lvEvIAS8dybOs/s1600/160202155232-annuity-780x439.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="409" data-original-width="739" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-aZQPvANgryrBhztHSPJEyMib71ToylD5S56H-tcpryKnJW2L7UNM-97iMeKz6pCY74XAMiJAIt96RefkASB4pTZRV8VXfb9huMSpAcgwW8kmBKL5gKCE2p1MiCM_e5lvEvIAS8dybOs/s400/160202155232-annuity-780x439.jpg" width="400" /></a>We've all seen or heard the guy on TV and radio say, "<i>I hate annuities and you should too</i>," or something to that effect. Of course his goal is to sell you something. That's why he's advertising, right? He's not paying thousands of dollars for these ads simply to educate.<br />
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Nearly everyone reading this sentence has an annuity whether they know it or not. If you've paid into Social Security or are receiving payments from Social Security, congratulations, that's an annuity. Lottery winners, when they take payments over 20 or so years, purchase or receive an annuity. Professional athletes are often paid through and with annuities.<br />
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An annuity is a contract between you and an insurance company where a lump sum of money is guaranteed to be paid to you and/or your beneficiaries for a period of time, often for life. These payments can be annual, monthly, etc.<br />
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Think of annuities as the other side of the coin to life insurance.<br />
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With a life insurance contract the insurance company looks at your lifestyle, health, family history and then makes a decision as to whether you are worth the risk or not. They take on the risk of you dying too soon and them having to pay out the claim. The higher the risk you are, the higher the premium. If the risk is too high, they will either get help spreading the risk among other insurers or they will simply walk away from that risk.<br />
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With annuities the insurance company doesn't take risk into consideration for the most part, you do. You take on the risk of dying too soon and thus a portion of your invested money staying with the company. They have a general idea of how long you may live and how long they may have to make annuity payments. There is some risk on them and it's the risk of you living too long and them having to pay out more than what they intended. For instance, if you are 65 and give them $100,000 they may promise to pay you $583.33 per month for the rest of your life. They are figuring that on average you will live to 80 and at that point they will have paid out $105,000 all the while profiting $10,000 from the investments made with the money you gave them. However, if you live to be 95, then they'll be paying out nearly $210,000!!<br />
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Simply put, with life insurance, the insurance company wants you to live a long and happy life. They want you to pay premiums as long as possible so they can invest that money, have enough to pay the death claim when you pass, and some left over to keep the lights on. But with annuities, the company wants you to live a happy life and a long one, but not too long. Depending on the contract, the longer you live, the greater risk the company has of losing money. They want to take the money you invest in the annuity, have enough to invest and make money for the company and enough to pay your monthly payments. It's a balancing act.<br />
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Should you "hate" annuities? I guess that depends on the individual contract but for the most part I'd say no. To use a blanket statement, I hate blanket statements. All or nothing statements are usually trouble. Whether it's hating annuities, buying term and investing the rest, avoiding permanent policies, blanket statements are most often sales pitches and don't account for individual needs and situations. Annuities, term life insurance, permanent life insurance, CD's, stocks, etc., all have their place. The important thing is to know when, where, and for what purpose each can be used. In the next post we'll take a look at how an annuity should or should not be used. We'll examine who should have one and who shouldn't. I hope you'll join me.<br />
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<div>Let's start a conversation about insuring your love and supporting your Catholic community!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-23967356169499422092022-07-25T09:11:00.000-04:002022-07-25T09:11:07.967-04:00Let Me Think About It<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr4S4oHyitFe1RVisEolZMN3z1-xLaB5NlrE0tzHsejjOLNHOSyeZOXCGIlyJZCrbhiGLvzoWuHHLpKUPd8lJ2UajoYJBeu_aFfk01WE6ClXV4eB1vhsClOruN8a3m2ryKSjAeS4Fc8fE/s431/let-me-think-about-it.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="300" data-original-width="431" height="279" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr4S4oHyitFe1RVisEolZMN3z1-xLaB5NlrE0tzHsejjOLNHOSyeZOXCGIlyJZCrbhiGLvzoWuHHLpKUPd8lJ2UajoYJBeu_aFfk01WE6ClXV4eB1vhsClOruN8a3m2ryKSjAeS4Fc8fE/w400-h279/let-me-think-about-it.jpg" width="400" /></a></div>As a life insurance agent for nearly 11 years I've heard more than a few clients say, "<i>it sounds good, just let me think about it</i>." This is the adult version of a sales - maybe. It's a polite way for the client to say no without confrontation. It also gives the salesperson a glimmer of hope to look at and caress in the days, weeks, months, and even years ahead.<p></p><p>After a few years of accepting this response, I no longer do. Now, I gently but firmly ask the client to simply tell me no. I ask them to be brutally honest with me. I want either a yes or a no. <i>Maybes</i> stink and do more harm than good. It's dishonest and with something as important as finances, dishonesty is dangerous. </p><p>Why would I take such a firm stance and demand people be honest with me? Why wouldn't I simply massage that <i>maybe</i> and hope to eventually get the sale on down the road? It's simple, dishonesty is dangerous,<i> just let me think about it</i> is dangerous. I'm tired of reliving the following <i>just let me think about it </i>conversations in my mind over and over <i><span style="font-size: x-small;">(names have been changed to protect anonymity)</span></i>:</p><p>I met Joe for lunch for the 2nd time and discussed further the coverage we were looking to put in place. He liked the premium, the coverage, and knowing that his wife would have plenty of money to live on, without her having to go back to work, should something happen to him. That was June. At the beginning of December he went to the hospital after passing out for no apparent reason. He died not long after from a brain hemorrhage due to an unexplained deterioration in his carotid artery. Would his wife be better off if I had pushed him for a firm answer? Would a firm yes and the resulting medical exam have revealed the health issue earlier? I guess that even with a firm no, I'd still be pondering these questions today but maybe without the sinking feeling in my stomach...</p><p>We applied for coverage for Pete and his wife in January. Pete was declined because the medical exam revealed some issues that he needed to address. He was thankful that he had gone through the process and found these issues. It got him to get back in touch with his doctor and begin changing his diet and exercise. A year later I approached Pete about reapplying. The company agreed to take another look and Pete had made tremendous improvements. Pete put me off saying he wanted to lose a little more weight for a good rating. I should have pushed him to reapply but I was happy with his <i>maybe later</i> response. When I called six months later his wife told me that he had just been diagnosed with stage 4 cancer and he was beginning treatments. Again, would we have put the policy in place 6 months previous to his diagnosis? Maybe. Would we have caught the cancer earlier if I would have pushed harder? Maybe. It's the <i>maybes</i> caused by <i>maybes</i> that keep me up at night.</p><p>Life insurance agents are often accused of being pushy and simply going after the next sale. For some, that may be true and they won't be in the business for long. However, for the vast majority of agents, they genuinely care about their clients and see them as part of their extended family. </p><p>When I get push back from clients or accused of going after a sale I jokingly say, "<i>look, if I was simply going after commission I'd be buying you cartons of cigarettes and bringing you fast food every time I pass your house. That way, your insurance rating is terrible, the premiums are higher, and I get a larger commission.</i>" They usually get the point. </p><p>If you need to think about it, I completely respect that and agree. These decisions should not be made without some thought and discussion. However, you should always think about it while the application is being processed. Complete the application, send it in and think about it for the few weeks that it takes to get approved. Even if you decide to not purchase the insurance at the last minute, you can do that. Just because you've applied it doesn't mean your locked in. Many companies even offer a TIA (Temporary Insurance Agreement) which can give your family temporary coverage during the underwriting process (<i>talk to your agent about the rules and details of this agreement</i>).</p><p>If you are young and healthy, I'm not making a lot of money on your sale but that's not what this is about. It's about me being able to sit with your husband or wife and kids, cry with them, laugh with them, and hand them a check that won't replace you but will make their life a little bit easier at one of the most horrible times they'll experience. That's why I do this. That's why I'll ask you for a yes or a no, period.</p><p><i>"Let your ‘Yes’ mean ‘Yes,’ and your ‘No’ mean ‘No.’ Anything more is from the evil one."</i> - Jesus (Matthew 5:37)</p>
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<div>Let's start a conversation about insuring your love and supporting your Catholic community!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a></div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-30900586284130393022022-07-17T12:29:00.000-04:002022-07-17T12:29:26.399-04:00Return of Premium Life Insurance Policies<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpRjLmcc4jJ8Bc7IN_7WHAcdRZ_cfJPAMUEBxBGXRmIXJlYaiUwXBfhHCNHTuyZoRHgX2G_pXOMrRNKahE6_sTovLSNWkVvs7LkNfDIkDEhjU0M8V9x7I166YR6USm_e5WlbsC72YuftQ/s850/quote-i-m-not-so-much-interested-in-the-return-on-my-money-as-i-am-in-the-return-of-my-money-will-rogers-105-64-78.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="400" data-original-width="850" height="189" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpRjLmcc4jJ8Bc7IN_7WHAcdRZ_cfJPAMUEBxBGXRmIXJlYaiUwXBfhHCNHTuyZoRHgX2G_pXOMrRNKahE6_sTovLSNWkVvs7LkNfDIkDEhjU0M8V9x7I166YR6USm_e5WlbsC72YuftQ/w400-h189/quote-i-m-not-so-much-interested-in-the-return-on-my-money-as-i-am-in-the-return-of-my-money-will-rogers-105-64-78.jpg" width="400" /></a></div> A Return of Premium (ROP) Life Insurance policy is just what it sounds like. It's a policy that provides traditional insurance coverage but with the benefit of being able to get your premiums back after having the policy for a certain period of time.<p></p><p>Rather than a long drawn-out post about this type of product I thought I'd post some common Questions and Answers about the ROP. If you have further questions, reach out to me! </p><h1 style="text-align: left;">ROP - FAQ's</h1><p><b>1) Can I really get all of my premiums back?</b> Yes, with a properly designed ROP you can get all of the premiums you paid into the policy returned to you.</p><p>2) <b>How long do I have to own/pay the policy?</b> Many companies require a time period for the full return of premiums. This means that if you stop the policy a month early, you get nothing. Avoid these types of policies. A well designed ROP policy will provide some premium return from around the 10th year onward.</p><p><b>3) Can I attach riders to an ROP like other policies?</b> Yes, with a well designed policy you can add appropriate riders such as Guaranteed Purchase Options, Waivers, Accelerated Death Benefits, and more. Not all companies allow this so talk to your agent.</p><p><b>4) What if I need the insurance coverage for longer than the original term? </b> A well designed ROP will allow you the option of continuing payments to keep the policy in-force. This isn't the case with all carriers so talk to your agent. </p><p><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGT6NYx4od0oJ8gR-GZD9JyfHDiGEl08Pj0W8n31WuWyJi2JVB7Wt_apcHAXowJANhAGF8UYui7deQAjQpQ4VWA1QOAYUj0tneV3mRDmNmwSE-IzzzGXJrMJ60mrRe6JvEnkfboH-6hcw/s776/cash-on-cash-return.webp" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="532" data-original-width="776" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGT6NYx4od0oJ8gR-GZD9JyfHDiGEl08Pj0W8n31WuWyJi2JVB7Wt_apcHAXowJANhAGF8UYui7deQAjQpQ4VWA1QOAYUj0tneV3mRDmNmwSE-IzzzGXJrMJ60mrRe6JvEnkfboH-6hcw/s320/cash-on-cash-return.webp" width="320" /></a><b>5) Are ROP policies expensive?</b> The short answer is no. The long answer is that it depends on your definition of expensive. I once bought a DVD player at a local grocery store for only $20. That DVD player lasted almost a week so I had to go and purchase another for $60 but it lasted for about 10 years. Which one was more expensive? ROP premiums are about 3-5 times the cost of Term Insurance but at the end of 20 years with Term you will have had coverage but nothing to show for it. At the end of 20 years with an ROP you will have had coverage and all of your money back.</p><p>Example: Male, 30 years old - $500,000 death benefit (Standard Non-Tobacco)</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVgjvEKE3beVdwqHwqf5yFjF5y2vhPNtLKK5lidQb6uMJVotyrx7kZPNnExr_Y3mGCJAUClxfukzt1yvQRs5be-elAGzg2vy4sFKIW2JF2bQM-fIOH9PVvza_goQJAD43pHSGhsgRc2yU/s602/ROP.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="123" data-original-width="602" height="81" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVgjvEKE3beVdwqHwqf5yFjF5y2vhPNtLKK5lidQb6uMJVotyrx7kZPNnExr_Y3mGCJAUClxfukzt1yvQRs5be-elAGzg2vy4sFKIW2JF2bQM-fIOH9PVvza_goQJAD43pHSGhsgRc2yU/w400-h81/ROP.png" width="400" /></a></div>You can see from this hypothetical example that this client, at the end of 20 years would get a check for $27,392 with a gain of a little over one hundred dollars. At this point he may wish to convert that cash into a <a href="https://jhahncof.blogspot.com/2019/06/whats-so-great-about-single-premium.html" target="_blank">Singe Premium Life Insurance Policy</a> or cash it out and buy a car. With a Term policy, he would be out $9,096.<div><br /></div><div>Return of Premium policies are the right choice if you can afford the slightly increased premium and would like to get your money back when the policy is finished. By the way, at year 10 in the example above he could cash it out and get a little over half of his premiums back. Not all companies offer this so be sure to examine the details of the policy your are considering.</div><div><br /></div><div>Do you want to learn more about ROPs and see if it's right for you? Let's start a conversation about Return of Premium Policies!</div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a> - <a href="https://instagram.com/jhahncof" target="_blank">Instagram</a> - <a href="https://www.linkedin.com/in/jim-hahn-fic-ricp%C2%AE%EF%B8%8F-395553199/" target="_blank">LinkedIn</a></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-74494301602073579102022-07-16T14:20:00.001-04:002024-01-08T10:41:25.792-05:00Get a life insurance quote today!<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFaBDDU1Z7Ow4CeSacKyUopTNSt_Z2CKCDrCmZ622Wm61My4z_1Fkq520eUO913M3ZB95vn5IEE2GqETyDKYV9qEhvuROhiXpwUlbHGIYbfnfSQ7oBvkVVSaSuLYRhfF7lhQZWEm8Ycp8/s2048/222781-2121x1414-Insurance-quotes-book.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="1365" data-original-width="2048" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFaBDDU1Z7Ow4CeSacKyUopTNSt_Z2CKCDrCmZ622Wm61My4z_1Fkq520eUO913M3ZB95vn5IEE2GqETyDKYV9qEhvuROhiXpwUlbHGIYbfnfSQ7oBvkVVSaSuLYRhfF7lhQZWEm8Ycp8/s320/222781-2121x1414-Insurance-quotes-book.jpg" width="320" /></a></div></div>Are you in the market for life insurance, curious about prices, or just want to compare to what you are currently paying? Complete my secure form below and I'll send you a quote for Life Insurance, Disability Insurance, Annuities, or Long Term Care Insurance. <div><br /></div><div>Not sure how much you might need? This <a href="https://lifehappens.org/life-insurance-needs-calculator/" target="_blank">easy to use calculator </a>can help you figure that out really quick!<br /><div><br /></div><div>If you simply have questions, feel free to reach out to me at any time. </div><div><br /></div><div>Let's start a conversation about insuring your love!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div>Social: #JHAHNCOF</div><div><a href="https://www.facebook.com/jmhahncof" target="_blank">Facebook</a> - <a href="https://www.instagram.com/hahnjames_m/" target="_blank">Instagram</a> - <a href="https://www.linkedin.com/in/jim-hahn-fic-ricp%C2%AE%EF%B8%8F-395553199/" target="_blank">LinkedIn</a></div><div><br /></div><div>"When considering purchasing Life Insurance from an agent, service, knowledge, and reputation is just as important price." </div><div><br /></div><div><br /></div>
<br /><div><iframe frameborder="0" height="1021" scrolling="yes" seamless="seamless" src="https://www.cognitoforms.com/f/c9XYmzg4NU6dGwcj4yZlHQ?id=1" style="min-width: 100%; position: relative; width: 100%; width: 1px;" width="100%"></iframe>
<script src="https://www.cognitoforms.com/scripts/embed.js"></script></div></div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-31931685446060422472022-05-24T12:05:00.000-04:002022-05-24T12:05:58.945-04:00Crowdfunding Your Family's Future"<i>Am I my brother's keeper?</i>" - Cain<br />
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Am I? Yes. As a Christian I am called to help those in need. I am called to see Christ in each person I meet and help them as I am able. Does this mean I have to give every dollar I have to everyone that asks? No. Does this mean I am called to cut my family grocery bill in half and give the rest to those in need? No.<br />
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Sometimes helping people means more than just giving them things, stuff, money. Helping can include prayers, support, denying their requests, punishment, and education. I help my children in those ways almost daily!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhD9ln1n_2xIVaGijjTOTGrLakoyhuVBuM9iII4U28oKGK14qUdbsUOcZkvGuwftgrXWl8j4Vi32WSF7wiicIuAvjTYNMI_D5-E22Pg07wYOFKV5gjDr3hkyh85QIedC1J8rFf5B2MKF1s/s1600/equity-crowdfunding-.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="648" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhD9ln1n_2xIVaGijjTOTGrLakoyhuVBuM9iII4U28oKGK14qUdbsUOcZkvGuwftgrXWl8j4Vi32WSF7wiicIuAvjTYNMI_D5-E22Pg07wYOFKV5gjDr3hkyh85QIedC1J8rFf5B2MKF1s/s320/equity-crowdfunding-.jpg" width="296" /></a>Another thing I do almost daily is see terrible stories of hurting families asking for help. A young father dies of cancer leaving a stay-at-home wife and children behind and the family needs money fast. A mother of 5 is killed in a freak accident and the father and children are in danger of becoming homeless. A young newly married couple finds that their infant child died in her sleep and along with all the pain and suffering they have to go into debt to pay for a decent funeral.<br />
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How do I know these things happen? I see them on Facebook almost daily. I see them on Facebook not because I personally know these people but because someone I know has shared some sort of "crowdfunding" page asking for support. Will I help? Absolutely, I have to, I want to, I'm compelled to out of love. <br />
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But I will help in two ways. First, I'll donate to help ease some of the burden for these families. Second, I'll continue to educate about the importance of life insurance.<br />
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Crowd funding is not a life insurance plan. It's a pass-the-hat, desperate cry for help. It's a band-aid for a gaping wound. It may help with some immediate needs but it's not a viable solution. If we can help, we need to do so. However, we also need to help people see a better way. We need to help them see that a little bit of planning and forethought can have an impact on a family for generations. Not looking forward, not planning can also affect a family for generations.<br />
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Studies show that the majority of Americans overestimate the cost of life insurance. I know it's true. I often ask how much a client thinks the proposed coverage will cost. I'm shocked at answers that are 8-10 times the actual cost of coverage. My clients are relieved when I show them the true cost.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7EX-0uJzUhzurJviiYQVxEOKAd2gg9fuuch3ep4wGw4U3Y3-Jul0ip-RCtkAjRe6JCEqknhOl_8cRMaKaPcHTXhWFB6ncMJVdJUmI4kFEJY3S6aMCxZ10ChCTv6Y3ufNM6GFGtsLRYWw/s1600/wf6.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="436" data-original-width="600" height="232" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7EX-0uJzUhzurJviiYQVxEOKAd2gg9fuuch3ep4wGw4U3Y3-Jul0ip-RCtkAjRe6JCEqknhOl_8cRMaKaPcHTXhWFB6ncMJVdJUmI4kFEJY3S6aMCxZ10ChCTv6Y3ufNM6GFGtsLRYWw/s320/wf6.jpg" width="320" /></a>The young father could have had a million dollars of coverage to protect his family for about $1 per day. The mother of 5 could have had 2 million dollars of coverage to help her husband pay off debts, keep the house, and put the kids through college for about $1.25 per day. The young couple who lost their daughter and will be reminded of it with every credit card payment could have paid for the funeral and set up a scholarship or memorial fund with $100,000 policy for less than $1 per day. Well over $3,000,000 of coverage for between $4-$5 per day instead of a few thousand through crowdfunding.<br />
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Talk to your friends and relatives about having a plan in place. Even a basic "burial policy" for $15,000 to $25,000 shouldn't cost much more than a dollar or two a day. Take care of yourself and take care of your family. It's the right thing do. Life insurance is one purchase that can do so much good in the midst of so much pain and suffering. For much less than what you are paying for your cell phone bill you could have great coverage for your family. Click on the free quote link below to see how affordable it really is...<br /><br />
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<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9OyCgMtGkwsA5jwthfkZFnPwjsvWmrJsmN40DdcQC6b0gbdiN-G85TpmrubQpg-_J1m3GaJov0nB68KOHDcyllWuMbJWybmTL5v-OLr2MVpO-qqesWgRKtRNRttdGE7xp6biZeGqdSg/s480/speaking1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="434" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9OyCgMtGkwsA5jwthfkZFnPwjsvWmrJsmN40DdcQC6b0gbdiN-G85TpmrubQpg-_J1m3GaJov0nB68KOHDcyllWuMbJWybmTL5v-OLr2MVpO-qqesWgRKtRNRttdGE7xp6biZeGqdSg/w164-h181/speaking1.jpg" width="164" /></a></div>Let's start a conversation about insuring your love and supporting your Catholic community!</div><div><div><br /></div><div>Phone: 740-324-0702<br /></div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div>Social: #JHAHNCOF</div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-49402060573478880292022-01-27T10:08:00.000-05:002022-01-27T10:08:16.679-05:007 Reasons Single People Need Life Insurance TooMost financial "gurus" will tell you that single people don't need life insurance. Here's<b><span style="font-size: large;"> 7</span></b> reasons a single person may want to own their own life insurance policy.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtflmXdGZfFpem2W_7DLfrYAB5FjlTW-yFcJ1Yw1ZTvjj5Xdkxh_dLs7EMLVq103g5CSG-YeapptPZ4BMeO8yl9Ih22zQViu_sHrTPWx2iFAsbonwU-EfIG-epMviZtCjtTx66TiRv2aY/s1600/single.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="376" data-original-width="660" height="227" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtflmXdGZfFpem2W_7DLfrYAB5FjlTW-yFcJ1Yw1ZTvjj5Xdkxh_dLs7EMLVq103g5CSG-YeapptPZ4BMeO8yl9Ih22zQViu_sHrTPWx2iFAsbonwU-EfIG-epMviZtCjtTx66TiRv2aY/s400/single.jpg" width="400" /></a></div>
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<li><b><span style="font-size: large;">Dependents</span></b> - <a href="https://www.census.gov/newsroom/press-releases/2016/cb16-192.html" target="_blank">some statistics</a> state that more than 25% of the children in the United States live in single-parent households. If this is your situation, you'll want to do all that you can to ensure that your dependent child(ren) are provided for should something happen to you. It's also an excellent time to speak to an <a href="https://www.bwburtonlaw.com/about-us" target="_blank">estate planner</a>. They can set up both a will and a trust that can outline your wishes for your dependent(s). </li>
<li><span style="font-size: large;"><b>Student Debt </b></span>- if your parents or grandparents are co-signers for your student loans, chances are they are on the hook for paying back the debt should something happen to you. Make sure to check the fine print and ask what happens to the loan should something happen to you.</li>
<li><b><span style="font-size: large;">You Own a Home </span></b>- if you are paying a mortgage on a home you purchased, somehow that debt will need to be paid should you pass. You may be tempted to just let it go back to the bank but it can create a huge headache for your family or friends. A better option is to have a life insurance policy that can be used to pay off the house. This gives those you love and who love you time to decide what to do. It keeps the home from becoming a "fire sale" to appease the lender. Maybe you want the home to be sold and the proceeds donated to charity. That too can be laid out in your estate plan.</li>
<li><b><span style="font-size: large;">You Co-Own a Business </span></b>- you and your business partner have worked for years to create and grow your wacky-widget business. The company of your dreams is running strong. What happens if you, the visionary, die? Does the business fold? Does your partner limp along trying to do your job and theirs? A better plan is to have a life insurance purchase agreement that can help relieve the stress of losing a business partner. It can be designed to achieve a number of different goals should the unthinkable happen. </li>
<li><b><span style="font-size: large;">You plan on having a Family in the Future</span></b> - you may be thinking that you'll get the insurance but not until later when you have a spouse and children. This sounds good but since life insurance premiums are based on age and health, you may be better off to purchase life insurance now. Premiums increase with age and health decreases with age. You may even consider setting up your life insurance program now while you are young and healthy and use an ART (Annual Renewable Term) strategy to keep costs low. This strategy starts premiums extremely low and increase slightly annually. This way the coverage is in place no matter what happens health-wise.</li>
<li><b><span style="font-size: large;">Your Family has a History of Significant Health Issues</span></b> - as the saying goes, the apple doesn't fall far from the tree. If your family tree is full of people with significant health issues, you may consider purchasing life insurance early and as much as you can reasonably afford. You're more likely to be approved when you are young and healthy before these issues arise. On a related note, this is an excellent reason to purchase significant policies for your dependents. I worked with a gentleman who had a heart transplant at age 6. Thankfully his father had purchased a $50,000 policy on his life with Guaranteed Purchase Options. These options allowed him to purchase additional insurance without proof of insurability thus protecting his young and growing family.</li>
<li><b><span style="font-size: large;">Someone will have to deal with your End of Life Expenses </span></b>- even if you have no debts, loans, businesses, or dependents, someone is going to have to write a check for your funeral. A life insurance policy is an easy way to make that happen without POAs especially if you name the funeral home as the beneficiary.</li>
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If you or someone you know would like free, friendly advice from a Catholic perspective, reach out to me. I'm happy to help and with COF, we are here for Catholics of all walks of life. We serve Catholic men, women, and children just like you everyday....married AND single!</div>
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James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-37742432277507748122021-01-18T06:25:00.007-05:002021-01-18T06:25:38.190-05:007 Ways to Use Life Insurance Policies<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjg9FY4GcjyS6Mce4iS9ztVLcH-8nsJ2ByxpXsZDqveNwz5w9GEGxhfGFopzCNGrW-gqhA0xMEfS4klCkf8loC_wO9MgEh9IdJoBn7A6EjjSE2PhZSgJnhHmK5BNKW8Y7EzG3O7jChq420/s480/speaking.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="480" data-original-width="320" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjg9FY4GcjyS6Mce4iS9ztVLcH-8nsJ2ByxpXsZDqveNwz5w9GEGxhfGFopzCNGrW-gqhA0xMEfS4klCkf8loC_wO9MgEh9IdJoBn7A6EjjSE2PhZSgJnhHmK5BNKW8Y7EzG3O7jChq420/w213-h320/speaking.jpg" width="213" /></a></div></div><div>When we think of life insurance, most of us think of money to bury or pay final expenses. </div><div><br /></div><div>However, there are many ways to use life insurance to help others and yourself. In this short overview, we take a look at 7 ways to use life insurance. This list is by no mean exhaustive but these are some of the more common ways of using life insurance to accomplish specific goals.</div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div><div><br /></div>
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<div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9OyCgMtGkwsA5jwthfkZFnPwjsvWmrJsmN40DdcQC6b0gbdiN-G85TpmrubQpg-_J1m3GaJov0nB68KOHDcyllWuMbJWybmTL5v-OLr2MVpO-qqesWgRKtRNRttdGE7xp6biZeGqdSg/s480/speaking1.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="434" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9OyCgMtGkwsA5jwthfkZFnPwjsvWmrJsmN40DdcQC6b0gbdiN-G85TpmrubQpg-_J1m3GaJov0nB68KOHDcyllWuMbJWybmTL5v-OLr2MVpO-qqesWgRKtRNRttdGE7xp6biZeGqdSg/w164-h181/speaking1.jpg" width="164" /></a></div>Let's start a conversation about insuring your love and supporting your Catholic community!</div><div><div><br /></div><div>Phone: 740-324-0702<br /></div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div>Social: #JHAHNCOF</div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-81598880952583778332021-01-14T07:43:00.004-05:002021-01-14T07:43:55.944-05:005 Reasons You Shouldn't Wait to Buy Life Insurance<div class="et_post_meta_wrapper" style="background: 0px 0px rgb(255, 255, 255); border: 0px; box-sizing: border-box; color: #666666; font-family: "Droid Serif", Georgia, "Times New Roman", serif; font-size: 16px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<h1 class="entry-title" style="background: 0px 0px; border: 0px; box-sizing: border-box; color: #333333; font-family: "Cantata One", Georgia, "Times New Roman", serif; font-size: 36px; font-weight: normal; letter-spacing: 1px; line-height: 1.3em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-transform: uppercase; vertical-align: baseline;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyiM4grnt-WCC6kdc4C4qQ_b3QA8WfAXzQ6zPhorTCAPzaRJTKlS6ZKF3sGWGOUERBS8VIeNqoqY_QbcTldoVS975XWRePM82k6CWD8nm9O0qgBfquCwUBsJDBaFP5vwF5o6bKphKKtxo/s1297/procrastinators.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1296" data-original-width="1297" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyiM4grnt-WCC6kdc4C4qQ_b3QA8WfAXzQ6zPhorTCAPzaRJTKlS6ZKF3sGWGOUERBS8VIeNqoqY_QbcTldoVS975XWRePM82k6CWD8nm9O0qgBfquCwUBsJDBaFP5vwF5o6bKphKKtxo/w400-h400/procrastinators.jpg" width="400" /></a></div></h1><h1 class="entry-title" style="background: 0px 0px; border: 0px; box-sizing: border-box; color: #333333; font-family: "Cantata One", Georgia, "Times New Roman", serif; font-size: 36px; font-weight: normal; letter-spacing: 1px; line-height: 1.3em; margin: 0px; outline: 0px; padding: 0px 0px 10px; text-transform: uppercase; vertical-align: baseline;"><span style="background-color: initial;">5 REASONS YOU SHOULDN’T WAIT ANY LONGER TO BUY LIFE </span>INSURANCE</h1>
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<div style="background: 0px 0px; border: 0px; box-sizing: border-box; outline: 0px; padding: 0px 0px 1em; vertical-align: baseline;">The worldwide pandemic has prompted a record number of people to get wills, put their financial affairs in order, and get life insurance. Most adults really need some sort of life insurance policy. The luxury of procrastination is gone, the time to act is now. Here are a few reasons to stop putting off this important purchase.</div>
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<li style="background: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background: 0px 0px; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">The Older You Get The More Expensive Life Insurance Gets</span></li>
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One of the main factors that drives life insurance premiums is the age of the applicant. Bottom line, the older you are when you apply for life insurance the more expensive it gets. That’s why if you are married and/or have dependents it’s best to make the decision to purchase some life insurance today while you are still young and can take advantage of the lower rates.</div>
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<li style="background: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background: 0px 0px; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Buy Life Insurance While You Are Still Healthy</span></li>
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Another very important factor in the life insurance company’s decision as to how much life insurance coverage will cost you is your general health. Unless you are applying for a no exam life insurance policy, you will have to undergo a very brief health examination which includes an evaluation of your height, weight, blood pressure, urinalysis and blood profile. The life insurance company will also request your medical history from your recent doctors visits (this is called an Attending Physicians Statement (APS). Based upon your medical records and health examination, the life insurance company uses that information to determine how much your policy will cost in premium.</div>
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With that said if you are healthy and otherwise putting off the decision to purchase life insurance you may want to apply sooner than later while you are still healthy. After all, for most of us, with age comes more health complications and increasing life insurance rates.</div>
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<li style="background: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background: 0px 0px; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Better To Have And Not Need, Than Need And Not Have</span></li>
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I once heard another agent say, “It’s better to be a few days early than a day late” in response to a client mentioning they didn’t like the idea of buying life insurance when they knew they were still young and healthy and felt they didn’t need it.No body likes to consider the possibility of their death, but it’s a fact of life. Most of us will grow old and die having had the amazing opportunity of watching our children grow old and their children grow old. However, that doesn’t make the possibility of an early and unforeseen death very possible.</div>
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In addition, nobody buys life insurance with the hope or expectation of using it, kind of like car insurance. However, if something were to happen where the need for life insurance was merited, you and your family are going to be happy you had it.</div>
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<li style="background: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background: 0px 0px; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Consider Future Needs and Lock-In Lower Rates Now </span></li>
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If you know you have, or will be having a need for life insurance in the foreseeable future consider purchasing enough life insurance to cover that need now. Purchasing life insurance you will need in the near future will help you lock in lower rates for that coverage now.An example of a future need for additional life insurance would be such as anticipating a pay increase or raise a few years down the road. If you are currently making $50,000, however anticipate in the next few years you will be making closer to $100,000 it may make sense financially to purchase the additional coverage now to lock in lower rates for your life insurance coverage.Another example would be holding off your life insurance purchase while you are engaged to be married. If you are certain you and the love of your life are surely going to be married after your two year wedding engagement, why not purchase the coverage now rather than two or three years down the road? Those three additional years you waited to purchase coverage can add up to be a substantial amount of additional premiums you are paying out over the life of the policy.</div>
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<li style="background: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background: 0px 0px; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">The Health Exam Is A Piece Of Cake</span></li>
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If the health exam for your life insurance policy is holding up your decision to purchase the coverage you need, please don’t let that be the case.We recently purchased additional life insurance on my wife. We scheduled the exam to be on a weekend for a couple reasons. One, it was most convenient for us, and two, I wanted to be there for the examination because I like to see how different examiners and examination companies operate since I use these companies often for my clients.</div>
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The examiner was literally in and out of our house in less than 15 minutes. It was quite amazing. He took my wife’s blood pressure, height, weight and collected a blood and urine sample in less time than it takes me to scarf down a quick lunch.</div>
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Another thing to keep in mind is that these health exams aren’t like an annual physical at your doctor’s office where they may grab and squeeze you in certain places as well as make you turn your head and cough. Your clothes stay completely on and the only time you are even touched by the examiner is for the blood pressure reading and blood drawing.</div>
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Which leads me to another point; these examiners are <em style="background: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">professionals</em> at drawing your blood. Many of these examiners are actually EMT’s by night and medical examiners during the day. The take their job very seriously and they are educated, licensed and trained to do what they do.<br style="box-sizing: border-box;" /><span style="background: 0px 0px; border: 0px; box-sizing: border-box; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><br style="box-sizing: border-box;" /></span>Hopefully this article gave you a better understanding as to some of the benefits and reasons to take the plunge and purchase you life insurance coverage sooner than later. If you are ready to take the next step towards life insurance contact your representative.</div>
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<span style="background: 0px 0px; border: 0px; bottom: 0.9em; box-sizing: border-box; font-size: 12px; height: 0px; line-height: 1; margin: 0px; outline: 0px; padding: 0px; position: relative; vertical-align: baseline;">Article provided by:</span></div>
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<span style="background: 0px 0px; border: 0px; bottom: 0.9em; box-sizing: border-box; font-size: 12px; height: 0px; line-height: 1; margin: 0px; outline: 0px; padding: 0px; position: relative; vertical-align: baseline;"><a href="http://lifeinsuranceunited.com/5-reasons-shouldnt-wait-longer-buy-life-insurance/" style="background: 0px 0px; border: 0px; box-sizing: border-box; color: #9b653a; margin: 0px; outline: 0px; padding: 0px; text-decoration-line: none; vertical-align: baseline;">http://lifeinsuranceunited.com/5-reasons-shouldnt-wait-longer-buy-life-insurance/</a></span></div>
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<div>Let's start a conversation about insuring your love and supporting your Catholic community!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div>Social: #JHAHNCOF</div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0tag:blogger.com,1999:blog-7757154036763626181.post-2874129084833060352021-01-13T07:36:00.001-05:002021-01-13T07:38:16.969-05:00Happy New Year from Us!<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJlaqTakZvrcITLbmN0aBVf_boW9nJvUvooyvj41DVycaIz__1qZjNwAWWfe8E4h07UqZNQvNRgKwVZnzH2uquZQdi74gt5qbcj3UddRFw-PDZJEYyA_MYdWbRjDlzGEckrgRfDKVJb7E/s2048/family2021.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="1495" data-original-width="2048" height="293" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJlaqTakZvrcITLbmN0aBVf_boW9nJvUvooyvj41DVycaIz__1qZjNwAWWfe8E4h07UqZNQvNRgKwVZnzH2uquZQdi74gt5qbcj3UddRFw-PDZJEYyA_MYdWbRjDlzGEckrgRfDKVJb7E/w400-h293/family2021.jpg" width="400" /></a></div><p></p><p>If 2020 wasn't your year, hopefully you are watching it fade away in the rear view mirror. It was a difficult year for many financially, emotionally, physically, and spiritually. I know I struggled in all of those areas.</p><p>If we learned nothing else from the past year, we learn that life is fragile and often unstable. The <i>"clear vision"</i> that began 2020 became blurred walk day to day. The plans we had for school, work, vacations, and fun were postponed or cancelled. The brightness of a <i>new year-new me</i> disappeared behind masks and social distancing.</p><p>Yet, like clockwork, 2021 has rolled around and given all of us a fresh dose of optimism and hopefulness. 2021 is another chance to make this our "best year ever" and looking at 2020 reminds us that the bar is pretty low at this point with nowhere to go but up.</p><p>The realization that life is often fragile and unstable hit many in different ways from loss of jobs to loss of life. Not surprisingly, 2020 saw <a href="https://www.cnbc.com/2020/10/14/life-insurance-sales-increase-due-to-coronavirus-pandemic.html" target="_blank">record sales in life insurance</a>. Nothing makes us consider our own mortality more than losing someone close to us.</p><p>As this new year begins I would encourage you to be hopeful, to be optimistic. We humans are resilient and resourceful. We are passionate and compassionate and I truly believe that most people, deep down, are good and want to help.</p><p>I would also encourage you to consider reviewing your financial situation, especially in the area of life insurance and retirement. Life insurance is the foundation of a solid financial plan. It is the one thing that can insure that all the other plans come to fruition no matter what happens in the future. </p><p>Retirement planning is another area that needs to be closely monitored. The roller coaster ride of the 2020 stock market should be a reminder to keep some retirement funds where they can provide a guaranteed income regardless of the market.</p><p>2020 showed us that the attitude of "I'll get to it soon" is a dangerous proposition and can put our families in a perilous situation. We don't know what tomorrow may bring. In 2020, the plans of the entire world changed virtually over night. <i>Tempus fugit, memento mori</i> - Time Flies, Remember Death is an ancient saying that can help us put first things first. <a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Reach out to me</a> for a free, no pressure review regardless of your insurer. I can help you insure your love!</p><p>By the way, a more modern saying I also like is, <i>Life is Short, Make it Sweet</i>. Let's make 2021 sweet!</p><p>Happy New Year and here's to a fantastic 2021 for you and your family from mine!</p><p><br /></p>
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<div>Let's start a conversation about insuring your love and supporting your Catholic community!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div>Social: #JHAHNCOF</div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com1tag:blogger.com,1999:blog-7757154036763626181.post-48864468538262845392020-12-09T10:20:00.000-05:002020-12-09T10:20:44.656-05:00Life Insurance for Kids II, Answering an Email<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzvxBvD_WtcJjxVyJTgG1M7JLNvqRwPFTeluvIWcp_349kuMzV7g8uDwemdIXrD3t9DYoDIAUrxmS2zidxd3HhTfN8dg7lpf_TchODCECI2wG2DDzkoIB34u2K5JG3472udRsqnAdQW6Y/s540/1580729035000.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="403" data-original-width="540" height="299" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzvxBvD_WtcJjxVyJTgG1M7JLNvqRwPFTeluvIWcp_349kuMzV7g8uDwemdIXrD3t9DYoDIAUrxmS2zidxd3HhTfN8dg7lpf_TchODCECI2wG2DDzkoIB34u2K5JG3472udRsqnAdQW6Y/w400-h299/1580729035000.jpg" width="400" /></a></div>This is an email I received in response to my <a href="https://jhahncof.blogspot.com/2020/11/why-you-should-consider-life-insurance.html" target="_blank">recent blog post</a> about life insurance for children. My<br /> response follows.<p></p><p><br /></p><p><span style="font-family: courier;">Jim,</span></p><p><span style="font-family: courier;">Thanks for your recent post about life insurance for children. It really gave me a lot to think about. However, I still can't get over the idea of profiting from the loss of a child. Can you help me with that?</span></p><p><span style="font-family: courier;">Thanks, Shawn</span></p><p><br /></p><p>Dear Shawn,</p><p>Thank you for your email, for reading, and for your great question. I recently had a similar response from a client I met when I told him that he was under-insured at only $100,000 and that my children have more life insurance than he does. He agreed with my points of locking in health and insurability for their future but couldn't get past the idea of me profiting from the loss of my child.</p><p>No one profits from the loss of a child. What parent wouldn't give all of that money back, regardless of the amount, to have their child back in their arms? If something happened to one of my children, I give every penny back to hold them again. I'd give every penny back and sell all that I have if it meant getting them back. Hypothetically speaking, ask yourself what amount would be hard to give back in exchange for your child or any of your loved ones? If we have a dollar answer to this, we may need to check our heart.</p><p>So, no, there is no "profiting" from life insurance on the life of a child or any loved one. In my <a href="https://jhahncof.blogspot.com/2020/11/why-you-should-consider-life-insurance.html" target="_blank">original post</a> I touched briefly on what I would do with the "extra" money above final expenses and possibly debt. I'll elaborate here a little more. I would hope to do the following, I would use the money to:</p><p></p><ul style="text-align: left;"><li>Help get their siblings get through college.</li><li>Create a scholarship for other kids to attend <a href="https://cysc.com/" target="_blank">Catholic Youth Summer Camp</a></li><li>Donate a portion to <a href="https://www.rmhc.org/" target="_blank">The Ronald McDonald House</a> which has helped <a href="https://jamesmhahn.blogspot.com/2020/03/our-life-with-saint-memoir-introduction.html" target="_blank">our family </a>so much in the past.</li><li>Create an <a href="https://catholic-foundation.org/giving-services/open-a-fund/" target="_blank">endowment</a> for my parish church.</li></ul><div>I hope to never do any of those things with the proceeds of a life insurance policy on the life of my child but that is my plan. I'd make good things come from a terrible experience in my life. </div><div><br /></div><div>My main goal with life insurance for my children is to give them and their future families a firm financial foundation. I do it while they are young, healthy, and inexpensive. Should the worst happen, I'll turn it into a positive.</div><div><br /></div><div>Thanks again for the email, let me know if you have further questions or concerns!</div><div><br /></div><div>God bless you, </div><div><br />Jim</div><p></p>
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<div>Let's start a conversation about insuring your love and supporting your Catholic community!</div><div><div><br /></div><div>Phone: 740-324-0702</div><div>Email: <a href="mailto:hahnjamesm@gmail.com">hahnjamesm@gmail.com</a></div><div>Social: #JHAHNCOF</div><div><a href="https://jhahncof.blogspot.com/2020/11/get-life-insurance-quote-today.html" target="_blank">Free Fast Quote</a></div><div><br /></div><div><i>"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price."</i> </div></div>James M. Hahnhttp://www.blogger.com/profile/07648783155940180067noreply@blogger.com0