What would your family do without your paycheck?
If you don’t have life insurance yet, don’t wait until it’s too late.
#LifeHint #LifeHappens
Gallen Insurance provides Permanent Life Insurance solutions, both Whole and Universal Life, as well as Term Life Insurance and Return of Premium.
If you need a personal or commercial life insurance policy, reach out to our office today. We are proud to be located in Shillington, PA, and we serve the Reading, Berks, Chester and Montgomery County areas of Pennsylvania and beyond. Request a free, no-obligation quote by filling out our online form. You can also give us a call at 610-777-4123.
Life insurance is an important topic to talk about with your partner.
Why?
Because if something happened to you, they would have to shoulder all expenses without your financial contributions.
#LifeHappens
Gallen Insurance provides Permanent Life Insurance solutions, both Whole and Universal Life, as well as Term Life Insurance and Return of Premium to residents of Berks County, the Greater Reading Area and throughout Pennsylvania.
If you need a personal or commercial life insurance policy, reach out to our office today. We are proud to be located in Shillington, PA, and we serve the Reading, Berks, Chester and Montgomery County, areas of Pennsylvania and beyond. Request a free, no-obligation quote by filling out our online form. You can also give us a call at 610-777-4123.
If your place of employment offers Life Insurance…is it enough?? Mike Fields from our Benefit Team put this article together to help:
Do you co-sign a student loan? We have some reasons you should consider Life Insurance
Roses are red
Violets are blue
I bought Life Insurance
Because I love you
Did you know that in the US the average person spends nearly $135 a year on Valentine’s Day gifts? Consider spending around that same amount to protect your loved one’s future by protecting yourself with life insurance!
As we enter into the New Year, everyone has been talking about their New Year’s resolutions. Whether we want to lose weight, start a new hobby, pay off credit card debt, or quit smoking, we shouldn’t forget about one resolution that can easily be put off. It’s a resolution that offers peace of mind and is a large part of financial planning. Contact Mike for a no hassle quote today! mfields@galleninsurance.com
Which type of Life Insurance policy is best for you?
Follow along this chart for a quick decision.
Our professional agents can help you with any further questions & get you a quick, no hassle quote.
There are many benefits of a life insurance policy, but understanding the types can be confusing.
Term? Whole? Universal?
Let Gallen Insurance take the guess work out of which policy works for you & help you understand the basics.
For more information, visit https://www.galleninsurance.com/insurance-products-reading-pa/life-insurance/
Employers: Looking for a way to increase employee satisfaction & retention?
Consider adding Life Insurance as a valuable benefit to you Employee Benefit Package.
Here are a few reasons why:
1. Benefit can be paid via payroll deduction and can give you an edge when recruiting new employees & helps retain the valuable employees you have now!
2. As an added benefit, Life Insurance can be added at a reasonable & affordable cost.
Want to learn more??
Check out the recent article from Gallen & Cincinnati Insurance.
Any member of our Commercial Lines department can assist you with obtaining a no hassle quote to add Commercial Life Insurance to your existing insurance portfolio.
See “Business Lines” for a list of direct dial numbers & emails for our Commercial Lines staff.
Key employees be can be what keeps your business, especially a small business, operating on par.
If one of your key employees passes a way, a Commercial Life Insurance policy can help keep your business afloat while you update your work flow & strategy to keep your business moving forward.
Don’t leave your hard work & your intention for your business in the wrong hands.
A Commercial Life Insurance policy can allow you to leave ownership & assets into the right hands.
All life insurance is designed to cover specific aspects of the insured’s life.
Commercial policies pertain to your business and could include coverage to protect your business in the event of your passing OR in the event of your key employee’s passing as well.
Stay tuned for specific examples of why Commercial Life Insurance is important for your business!
A commonly overlooked, yet extremely important aspect of insurance for your business is Commercial Life Insurance.
Stay tuned as we give you some examples of what this type of insurance is & how it can help your business!!
Just how much life insurance do you need?
Great advice included in the article here from one of our insurance partners, The Cincinnati Insurance Company
Life Insurance: Start The New Year Off RightAs we enter into the New Year, everyone has been talking about their New Year’s resolutions. Whether we want to lose weight, start a new hobby, pay off credit card debt, or quit smoking, we shouldn’t forget about one resolution that can easily be put off. It’s a resolution that offers peace of mind and is large part of financial planning: life insurance.
The New Year is a great time to think about buying life insurance. We just spent the holiday season with our family and although we look forward to many more years of time with our loved ones, nothing is guaranteed. One of the most important duties you have is to protect your family. Part of protecting your family is making sure they are financially secure if you were no longer able to provide for them. That’s what life insurance can do.
Life insurance offers financial protection and provides financial stability to your loved ones when you die. Knowing you have your life insurance policy in place can be a comfort to both you and your family.
For more information on how to better protect your family, contact one of our licensed agents today.
Jay Mahoney
610-898-6516 jmahoney@galleninsurance.com
Mike Fields
610-898-6532 mfields@galleninsurance.com
SOURCE: http://files.constantcontact.com/aeb7619c001/5f878d3f-1048-4914-83c7-dd8fc3fb3ff1.pdf
Did you know that 41 percent of all life insurance purchases are event-related? For many of us, life insurance never crosses our minds until we marry, buy a house, or start our own business. While the trigger events are varied, the need — life insurance — is the same.
Here are five events that commonly increase a person’s need for insurance:
1.) Tying the knot – When you get married, you share each other’s financial obligations. Would a surviving spouse have enough money to cover your funeral costs and debts?
2.) Starting a family – If something happens to you, where will the money come from to provide the upbringing you would like your child to have? How would they pay for college?
3.) Buying a home – Could a surviving spouse manage mortgage payments, utilities and maintenance costs without your help?
4.) Starting a business – Life insurance is a key to allowing a business to survive the death of an owner.
5.) Supporting aging parents – Many members of the “sandwich generation” are now supporting their parents as well as their children. Life insurance can ensure your parents would continue to be cared for in your absence.
Have you experienced one (or more) of these lately or know someone who has? Chances are he or she needs some life insurance.
For more information on how to better protect your family, contact one of our licensed agents today.
Jay Mahoney
610-898-6516 jmahoney@galleninsurance.com
Mike Fields
610-898-6532 mfields@galleninsurance.com
Our agency does NOT forget about you! Jay Mahoney, from our Health & Life department, continues to fight for your rights in hopes to see the House Bill 15853 pass to protect you and your family members from balance billing.
House Bill 15853 would also require insurance and health care providers to settle billing disputes.
Read more here:
Gallen Insurance is proud to announce that Brin Bossler has joined the team to further develop and support their ever growing Benefit department. Brin Bossler readily joins Gallen Insurance bringing a wealth of experience and knowledge within the industry. He started his insurance industry career over 30 years ago, after graduating from Alvernia University.
He has worked for both the insurance carriers and the brokerage agency insurance business in Central and Southeast Pennsylvania.
Since 1997, he has concentrated his work with Employee Benefits for health, dental, vision, life, and disability plans.
Over the last 14 years, as an Employee Benefits Consultant, his efforts are fully devoted to activities with the brokerage of employee benefit plans and administrative services.
He has attained the Certified Benefits Consultant designation.
His deep understanding of the benefits business and strong carrier relationships helps him as a broker, work together with you to evaluate the various carriers’ coverage alternatives and discuss ideas to find the best strategies for your needs of your company sponsored plan.
He enjoys watching sports, playing golf, running and skiing. He is a lifetime resident of Berks County and is married and has a daughter.
Please join us in welcoming Brin Brossler to our team!!
Uh oh!! July 2nd was National “I Forgot Day” Did you forget??? We are here to remind you NOT to forget to review your life insurance! As life changes occur and as time passes by, its a good time for a review. Contact our office today!
You know what they say about your 30s…
It’s the best time to buy life insurance.
Okay, so maybe they don’t actually say that, but the point still stands: Life insurance in your 30s is often one of the most practical, impactful and affordable times to buy a policy. (And, it’s not a coincidence that our average Haven Term customer is in his or her mid-30s.)
Your 30s are riddled with numerous changes and responsibilities that drastically impact your finances.
Perhaps you just got married, had your first child, or bought a house. These are all significant life milestones that typically result in you having people in your life who rely on you and your income.
When you have people who financially depend on you, it’s time to get life insurance. Buying a life insurance policy in your 30s allows you to lock in affordable rates while you’re still young and healthy. It’s also a prime time to purchase adequate protection for the long-term.
Many people are married and planning for kids by their 30s. It’s a decade where a lot can happen within a short period of time.
In buying life insurance now, even if you don’t have kids yet, you can help ensure that your spouse has a financial cushion from the unexpected. And, you will have peace of mind in knowing that your partner can cover many debts and day-to-day expenses if you were no longer around.
Financially protecting children you don’t have yet may seem like an abstract concept. However, the moment you lay eyes on your child, reality and the need to protect firmly takes hold.
But, you don’t have to wait until the day your child is born to get adequate life insurance coverage. Be proactive. Get it while you still have the luxury of a little something known as “spare time” (aka, life before kids).
Protecting your family with life insurance is more affordable than you think. Get your free quote
Because of the way life insurance premiums are determined, the early bird really does get the worm. Premiums for a term life insurance policy can be very affordable when you’re young but tend to increase with age. For example, a healthy 30-year-old woman can purchase a 30-year, $500,000 policy for about $34 per month. If she waits until 40 to buy a policy, the starting price for the same amount of coverage would be $53.
That’s part of the reason buying life insurance in your 30s is so smart – you’re old enough to need it but young enough to get a good deal on coverage.
Adults in their 30s have, on average, anywhere from $82,500 to $185,900 in debt.
Mortgages, student loans, credit card debt, car loans – you name it, you may have this debt in your 30s. It’s imperative to ensure your family is financially prepared to cover these debts if you were no longer around.
Without a life insurance policy, your surviving family members might struggle to pay the mortgage or keep your car payments up-to-date. They may even need to quickly sell off these assets to get out of the debt.
No one would knowingly leave their family to struggle financially. A life insurance policy with an adequate coverage amount should account for replacing your income and paying off your debts.
If you have any business dealings on the side, life insurance is essential. Let’s say you buy and sell real estate for a profit. What would happen if you passed away in the middle of a deal? What if you flip houses for a profit? How would your family handle your project if you passed away during a flip or a major remodeling job?
Your family could face similar struggles if you run a small business that buys and holds inventory, has business-related debt, or has ongoing business expenses to cover. If you buy enough life insurance, on the other hand, you can leave behind enough cash so that your family could deal with your business holdings the way you would have wanted.
Your funeral is not something anyone ever likes to think about. But for a moment, consider this: the average burial now costs around $7,000 to $10,000. Imagine your family members having to deal with that expense at the same time they are grieving your death?
If you didn’t have life insurance, your spouse or other immediate family members would need to come up with the cash to pay these expenses at the same time they’re grieving your death. Far from ideal.
While individual life insurance needs vary, you can get a general sense of your coverage needs by taking a closer look at your income. If you’re earning $75,000 per year and want to replace your income for 5-10 years (a standard recommendation from experts), you’ll need a term policy for $375,000 – $750,000.
• Lost income and living expenses, like rent or daily bills Debts you leave behind
• Childcare if you are a stay-at-home parent
• Burial, estate taxes, and other final expenses
• College expenses for your children Unpaid medical bills or taxes
If you have children, carry substantial debt, or have a side business, you may need significantly more. The best way to get a personalized coverage recommendation is to input your information into a life insurance needs calculator. By sharing some basic details about your income, your family structure, debts and more, you can find out how much coverage is right for you.
Term life insurance is a simple product to research and buy. Beyond selecting a coverage amount that works, you need to decide how long you want your policy to last.
Fortunately, you have plenty of options available to you, especially in your 30s. You can buy term life insurance coverage for 10, 15, 20, or 30 years depending on your needs. While longer policies tend to cost more each month, they do offer a longer span of coverage that may bring even more peace of mind. For example, a longer term length could help cover your 30-year mortgage or until the kids are projected to finish school.
Shorter term policies, on the other hand, offer short bursts of coverage meant for a particular need. For example, a short, 10-year business loan that you wouldn’t want your family to be stuck with. “Laddering” policies is a common way to help ensure adequate financial protection from life changes without needing to purchase another large, long-term policy.
Choosing a term length does not need to be a confusing task. An online life insurance calculator will take into consideration the ages of your children and debts you have to recommend a length that will adequately protect your family. On average, most of our Haven Term policyholders purchase coverage for 20 or 30 years.
Life insurance needs aren’t one size fits all – Calculate Your Needs.
The best part about being a thirty-something is that you’re likely still in excellent health. If that’s the case, you may be able to get affordable life insurance without a medical exam (and at no additional cost for the convenience.)
Getting quality life insurance today is simpler than ever because of new online options for purchasing a policy. You can get an instant decision on eligibility and pricing and, if approved, start coverage immediately.
Don’t put off buying life insurance in your 30s because of fear of a confusing, time-consuming task. Thanks to modern technology, it’s easier than ever to get high-quality and affordable protection for the people you love most. Having complete peace of mind never gets old.
For more information on how to better protect your family, contact one of our licensed agents today.
Jay Mahoney
610-898-6516
jmahoney@galleninsurance.com
Mike Fields
610-898-6532
mfields@galleninsurance.com
