Life/Retirement

gansfuss-life-insuranceThe days of staying at one company and retiring with benefits are long gone – we have to make other plans. Life insurance cannot be transferred when you leave your job, therefore, you have to make other plans before you lose your job. Life insurance helps protect your spouse and children from poverty in the case of your untimely death. When you have a young family, life insurance can provide an incredible amount of security. If you are single, you need to look at your obligations. If you are providing support, or would like to, for aging parents or a sibling with special needs, life insurance can help with that. Buying life insurance can be confusing, we can help you determine how much life insurance you need.

 

  • Real wages have risen for every employed group EXCEPT Echo Boomers over the past five years.
  • Echo boomers are already 7% less wealthy than their parents had been at a young age.
  • 1 in 5 are holding off on marriage and children until their economic situation improves.
  • Fewer women are choosing to have babies – versus 90% back in the 70s.
  • Women are choosing marriage less often. 41% of babies today are born out of wedlock, a 400% increase since 1990.
  • The number of same sex couples with children has doubled over the last decade. 1 in 37 children lives with gay parents.
  • Marriage offers 1,138 Federal benefits and responsibilities, not including hundreds more offered by ever state, designed to protect and nurture the family unit.
  • Life insurance can’t replace the person, but it can relieve some of the financial burden when they’re gone.
  • The average student loan balance has grown by 70% since 2004 and stands are nearly 25,000.
  • 52% of workers find their 401(k) investments more confusing than their health insurance.
  • 61 % feel confident when they are guided by an advisor.