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Category: Health and Benefits Insurance

Do you have Critical Illness Insurance

[ 0 ] May 2, 2012

Dear Business Owner,

Here at Campbell & Boyd, we support Vermont businesses; we reach out to almost 13,000 small and large businesses every month throughout our fair state. While we do not presume that all Vermont companies are exactly the same, look the same, or are even in the same business, there are many commonalities – most either want to make money or save money – and all want to protect themselves!

Our intent is to provide you with smart, intelligent and financially prudent ideas that could make you more successful; now, we know that ‘success’ means different things to different people, but usually, it’s always financial.

Each of our e-mails is designed to highlight a specific facet of business for you to consider. Our aim is to keep you informed of ‘best practices’ that other companies (many in your very same field) are doing to enhance theirs.

As you review our featured topics, and if you need further elaboration, we sincerely invite you to contact us; let’s discuss the merits of the topic and how we can help you and your business flourish.

Please review or discussion on Critical Illness. Many of our clients are purchasing Critical Illness coverage for themselves, spouses and even for certain ‘key-man’ employees.

Attachment- What is Critical Illness Insurance

Attachment- Critical Illness Coverage-My Story

 

Sincerely,

Robert L. Fagge

Senior Business Specialist

Campbell & Boyd

Campbell & Boyd
20 Technology Dr, Ste 4
PO Box 1260
Brattleboro, VT 05302
tel: 802-257-9500
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Common Misconceptions about Disability Insurance!

[ 0 ] March 19, 2012

Campbell & Boyd Insurance Do you have all the relevant facts you need to make a wise decision about disability insurance? Many people assume they have all the information necessary to make up their minds regarding this type of insurance, but this isn’t always the case. Don’t wait until you’re facing a long term disability to learn what “they” don’t tell you about disability insurance.

Here are Some Common Misconceptions about Disability Insurance:

Misconception #1: It’s not difficult to qualify for disability insurance benefits.

Fact: Fewer than 35% of the people who apply for social security disability benefits are approved.

Misconception #2: Everyone who works qualifies for social security benefits following a disability.

Fact: In order to be eligible for disability benefits, you must have worked at least 10 years in a job in which you paid into the social security system.

Misconception #3: Social security provides sufficient disability coverage.

Fact: The average social security disability insurance benefit, for those who are approved, is $722 per month.

Misconception #4: Employer-paid group disability policies are preferable to individual policies.

Fact: There are many drawbacks associated with employer-paid disability insurance, including the facts that coverage can be lost upon separation from employment and benefits received are taxable as income.

Misconception #5: All long-term disability insurance policies are essentially the same.

Fact: There are many significant differences amongst disability insurance policies, including the waiting period, length of benefits, and how disability is defined.

Misconception #6: Disability insurance isn’t as important as life insurance.

Fact: While life insurance is quite important, it’s not accurate to say that it matters more than disability coverage. It’s a fact that a 42-year-old adult is four times more likely to experience a disability during his or her working years than to die during the same time frame.

To get a quote for disability insurance contact Campbell & Boyd!

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CAMPBELL & BOYD

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel:  802-257-9500

email: ddboyd@campbell-boyd.com

 

 

 

 

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Do I need to purchase an Annuity?

[ 0 ] February 15, 2012
Campbell & Boyd InsuranceEven if you have been saving money for life after Retirement, it may not be enough.

With Annuities, you are able to stabilize your savings in such a way that it converts into financial security.

Let’s face the facts:

  • Security may not be enough to take care of your money needs.
  • Contributions made by employer sponsored retirement plans may be very limited.
  • You want to have the benefit of knowing that a certain amount of income will come to you every month.
  • You want to be relieved knowing that your monetary needs will be looked after for as long as you live.

Annuities offer much flexibility so that you can decide the nature and scope of investment that you want to make, in lieu of your long term requirements.

Come connect with us on Facebook or LinkedIn.

CAMPBELL & BOYD

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel:  802-257-9500

email: ddboyd@campbell-boyd.com

 

 

 

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Who’s looking out for you?

[ 0 ] January 18, 2012

Campbell & BoydThe role of an agent is both an advisor and a seller. As agents function as salespersons, before purchasing a policy, it is important to seek an agent who can offer comprehensive advice rather than simply a desire to sell. According to the 10 rules to be followed by the buyers of policies developed by the American Council of Life Insurance, rule number three states to select a competent, knowledgeable and trustworthy agent. There are laws that limit the power and penalize the agent for misconduct.

Taking Life Insurance from Campbell & Boyd is quick and easy. Come connect with us on Facebook and LinkedIn!

Campbell and Boyd

20 Technology Dr, Ste 4
PO Box 1260
Brattleboro, VT 05302

tel: 802-257-9500

 

 

 

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Can you get Life Insurance for a terminally ill parent?

[ 0 ] January 16, 2012

Campbell & BoydMany cancer patients can, indeed, find affordable life insurance coverage. How? The key is finding a knowledgeable broker with experience in placing tough cases.

Yes, you can get a “graded life” policy for up to $50,000. You may be able to get more than one such policy. This means that the company only returns premium if the insured dies before 2 years, but if they live beyond that, the full insurance benefit is paid. It does not have to be an accidental death.

Traditional life insurance is not available to people with a terminal illness. You may be able to obtain a Graded Death Benefit life insurance policy. With a Graded death benefit policy, if you die within the first few years, the life insurance company will only refund your premiums paid plus interest. With some policies, a specified percentage of the death benefit becomes available each year.

For more information visit our website or follow us on Facebook today!

Campbell and Boyd

20 Technology Dr, Ste 4
PO Box 1260
Brattleboro, VT 05302

tel: 802-257-9500

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How Annuities Work

[ 0 ] January 13, 2012

Campbell & BoydThe simplest way to explain how annuities work is to describe them as an investment security that you pay money in to for a set period of time, and once you reach a certain date you start to receive regular payments for a set period of time, often times for the rest of your life. Investors, especially those who are very risk averse, like annuities because they provide a steady stream of income and unlike stocks, bonds, mutual funds and other common investment options, annuities are guaranteed.

The amount of time you pay in to the annuity can vary anywhere from a onetime payment (think lottery winner or someone who just received a big inheritance) to many smaller payments over a long period of time. This will vary largely on the amount of the annuity and when you intend to start receiving payments. For example, if you start paying in to an annuity when you were in your 20s but don’t intend on taking payments until you retire, you will likely have many small payments, however if you waited to start when you were in your late 50s, you will need to pay more each month over a shorter period of time. Annuities provide a nice supplement (or primary income) especially for those who think social security might not be enough for retirement.

Annuities offer much flexibility so that you can decide the nature and scope of investment that you want to make, in lieu of your long term requirements.

Campbell and Boyd

20 Technology Dr, Ste 4
PO Box 1260
Brattleboro, VT 05302

tel: 802-257-9500

 

 

 

 

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How Much Life Insurance Does My Family Need

[ 0 ] January 11, 2012

Campbell & Boyd Consider the following:

What percentage life insurance do you want?

The answer to these questions will help you decide what percentage of your income you will need to provide to your loved ones.

While most officers choose to provide 100% of their income to their loved ones, others decide on a lesser percentage due other household income sources such as social security, spouse’s income from work, other savings and/or investments available.

Contact Campbell & Boyd to know more about Life Insurance.

CAMPBELL & BOYD

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel:  802-257-9500

email: ddboyd@campbell-boyd.com

 

 

 

 

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Facts About Life Insurance

[ 0 ] January 9, 2012

Campbell & BoydAfter your children are grown, and if you’ve been lucky enough to hang onto and grow some of the money you’ve made, you can finally think beyond your immediately needs. Having a financial plan — a strategy for reaching your financial goals — is the key, to building wealth and being prepared to put a plan into action at the end of your life.

One of the tools that you can use in financial planning is life insurance. In younger years, buying the cheapest life insurance possible is one way to ensure that your family can replace your income if you die. Younger people usually focus on less-expensive “term” life insurance, buying as much coverage as possible for a specific time — 15 years, say.

Once there’s additional money, your financial plan can also benefit from another type of insurance called permanent life insurance.

The basic types of  life insurance are:

Whole life insurance – Whole life is the simplest form of coverage. Policyholders enjoy lifelong insurance protection, guaranteed consistent premiums, a death benefit, and a cash value option. It also means that you can borrow or withdraw from the cash value portion of your policy whenever you like.

Variable life insurance – It offers many investment opportunities and flexible terms. The most unique feature of variable life insurance policies is that they allow the insured to adjust, to an extent, the policy’s death benefit as well as the size and timing of the premiums.

Universal life insurance – Universal life can offer inexpensive, guaranteed protection with optimal flexibility. With universal life insurance policies, you have the ability to change your premiums and death benefit within limits. You can also choose to grow the policy’s cash value or pay cheaper premiums in order to concentrate on your guaranteed death benefit.

Deployed strategically in a financial plan, permanent life insurance can provide many benefits. Through careful financial planning, life insurance can help you accomplish things in death that you could not accomplish in life. If you’ve been unable, for example, to be the philanthropist you wished, you can name an institution, a group or a school as a beneficiary of your insurance policy.

Whether you’re just starting to save for retirement, well on your way to retiring or are already retired, Campbell & Boyd can provide you the retirement planning services you need to navigate the retirement planning process. Contact Campbell & Boyd now and follow us on Facebook.

CAMPBELL & BOYD 

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel:  802-257-9500

email: ddboyd@campbell-boyd.com

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Facts of Life Insurance

[ 1 ] December 26, 2011

Campbell & BoydNo one likes to think about things like life insurance, but in today’s uncertain world it is ever more important to have this in place. The truth is, you just don’t know what the future holds, and particularly if you have children or other family members who are dependent on you, you need to have something in place to assist them needed to something happen to you. You need the peace of mind that comes with knowing that if you are no longer there to provide for them, they will still be taken care of financially. Many financial experts consider life insurance to be the cornerstone of sound financial planning.

  • Term Life insurance – As the name implies, term insurance provides protection for a specific period of time and generally pays a benefit only if you die during the “term.”
  • Permanent Life Insurance – Permanent insurance provides lifelong protection, and the ability to accumulate cash value on a tax-deferred basis.

Buying life insurance is easier than ever before. Contact Campbell & Boyd for instant support or connect with me on Facebook or LinkedIn.

CAMPBELL & BOYD

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel:  802-257-9500

email: ddboyd@campbell-boyd.com

 

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LIFE INSURANCE IS IMPORTANT FOR YOUNG FAMILIES, TOO

[ 1 ] December 21, 2011

Campbell & BoydA 2004 study showed that up to 75% of those that died between 35-years-old to 55-years-old left their significant other without Life insurance coverage that was adequate.1 This statistic might be attributed to the fact that many don’t like to think about an early death, much less the surviving family members being forced out of the home and liquidating all of the personal assets to afford the everyday cost of living.

The possibility of an early death, and the financial hardship that an early death might impose on other family members, is something that should never be ignored. Life insurance is a vital tool to prevent such potential circumstances from becoming a reality. The well-being and monetary needs of the surviving family members should be considered when choosing a type of Life insurance.

How to Choose the Right Life Insurance Coverage

The right decision is most always synonymous with an informed decision. Before you choose any specific policy or option, make sure that you understand what each type of Life insurance policy will cover and cost. Then, and only then, can you make a well-informed decision about what coverage will best suit your specific need and circumstance.

Term and Permanent Life insurance are two common types of Life insurance that you might want to consider. Term Life insurance is essentially a temporary form of Life insurance. It will provide coverage and pay benefits only during a designated or preset time period. On the other hand, Permanent Life insurance will provide coverage during the entire lifetime of the individual. It can also have the benefit of accruing a cash value over time. However, for the coverage to remain valid, premiums must be paid on time. There are benefits and drawbacks to each type of Life insurance; it really depends on the specific needs of the family.

You will also want to consider how much Life insurance will cover the needs of remaining family members. Number of family members, debt, future debt, and ability to afford the various Life insurance premiums will all play a role in how much Life insurance coverage is best.

Be Prepared

Financial solvency for young families can be ensured with a Life insurance plan. However, even the best laid plan can become dated as life changes. So, part of being prepared also includes periodically reevaluating your Life insurance coverage.

* National Association of Insurance and Financial Advisors (NAIFA) 2004.

Contact Campbell & Boyd to know more about Life Insurance.

CAMPBELL & BOYD

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel:  802-257-9500

email: ddboyd@campbell-boyd.com

 

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