877-415-8342 | 419-678-2326 service@preferredcenter.com
Is Group Life Insurance Enough?

Is Group Life Insurance Enough?

Is Group Life Insurance Enough?


You’ve done it — you’ve finally landed a job that offers amazing benefits such as free life insurance. While employer-offered life insurance (also called group life insurance) is worthwhile, it shouldn’t be your only source of insurance.

Many employers will offer a free level of life insurance for employees. Depending on your place of work, this can cover anywhere from $25,000 to your base pay. Since this is a free option, all employees should sign up for the benefit. It’s free money if something were to happen to you. However, don’t let that be your only coverage.

Our Life Insurance Specialists, Nate & Amanda, explain into further detail why you should not depend only on your employer-offered life insurance.

Request a free life insurance quote today! Affordable life insurance and peace of mind is just a click away.

 

Stages of life when to review your life insurance policy

Stages of life when to review your life insurance policy

Stages of life when to review your Life Insurance Policy.

 

 

As you travel through various stages of life, your needs change. These changes can ultimately affect your life insurance needs. Review your current stage and ensure you have the right coverage in place. Our Life Insurance Specialists, Nate & Amanda, discuss just a few common stages of life to review your Life Insurance policy to make sure you have adequate coverage.

Request a free life insurance quote today! Affordable life insurance and peace of mind is just a click away.

3 Life Insurance Myths Debunked

3 Life Insurance Myths Debunked

3 Life Insurance Myths – Debunked!

 

Today our Life Insurance Specialists, Nate and Amanda, are debunking 3 Life Insurance Myths.
Myth 1: If I am the breadwinner of the family, does my spouse need life insurance?

Myth 2: Can I renew a term life insurance policy if I still find a need for it?

Myth 3: Do I only need term life insurance?

Request a free life insurance quote today! Affordable life insurance and peace of mind is just a click away.

What’s that Umbrella Policy all about?

What’s that Umbrella Policy all about?

If you have completed an account review with one of our customer service agents, you have probably heard us ask you about umbrella policies. If this is the first time you’re hearing the term, allow me to explain. An umbrella policy is one that provides additional coverage above and beyond your auto and home liability coverage’s. Oh I’m sorry, that was all mumbo jumbo?! Of course it was! How about some of these examples of times an umbrella policy would come into play.

Donating $10 to local charity for every policy we quote!

We usually ask our clients, if they were involved in a terrible accident and people were suing them, how large of a lawsuit they would want covered. This catches some off guard or we will get the response: “I don’t have that much so they wouldn’t get a lot.” Unfortunately, judgement aren’t only based on what you have in this sue crazy society we have become. Some people don’t settle for the limits of an insurance policy.

As we all know, accidents happen. Sometimes, we have no control over them and others were do to maybe a little negligence. What if you were in an unfamiliar area and accidentally ran a stop sign and collide with another vehicle. Depending on the speed, their airbags could deploy, or God forbid, someone could be killed. You carry $100 thousand in liability coverage. Would you think that the family of the other vehicles family would settle for $100 thousand for their loss? Or would $100 thousand cover several surgeries if a passenger was terribly injured? An umbrella policy could help in this situation.

What about at home? An unfortunate example was given to us from one of our carriers. A woman with two dogs had her friend and her friend’s daughter over to the home, as she had many times before, for a visit. During that time, the daughter fell into one of the dog’s beds and the dog bit her face causing some significant damage, which then needed several surgeries. The homeowner’s policy paid to the liability limits of $300 thousand but that was not enough to cover the cost of her recovery. The homeowner was still liable and lost most of her personal assets and now is in severe debt. An umbrella policy could help here as well.

The beautiful thing about the umbrella policy is the price versus the coverage. An umbrella policy starts at $1 million in coverage for, sometimes, less than $250. That is likely less than visiting with an attorney for an hour to find out that somebody has submitted a claim against you. If we’ve ever peaked your interest about the umbrella policies, just give us a call to quote one for you!

August Insurance Agency of the Month | Rough Notes Magazine

August Insurance Agency of the Month | Rough Notes Magazine

A Purposeful Life – With Flamingos

We were honored to be recognized by Rough Notes Magazine’s as August’s insurance agency of the month. This is yet another reminder on how blessed we are to live in such a great and caring community!

As mentioned in the write up, with the help of our community, we have raised/given over $120,000 to local charities since 2012! In 2012 Preferred Insurance became a centenarian. We wanted to celebrate in a BIG WAY. We started Quotes for Causes, where we donated $10 for every policy we quoted (no obligation) to local charity. At this time those lovely pink flamingos made their debut as well! 

We are dedicated to providing excellent insurance and top notch customer service all while making a difference in our community! If you would like to help make a difference and save a bundle on your insurance, give us a call today and request a quote! 419-678-2326

Donating $10 to local charity for every policy we quote!

We are so thankful to our clients and our community for supporting our, shall I say “unique”, ideas. Without great clients and a fantastic community none of this would have been possible. THANK YOU!

If you would like a copy for yourself call or stop into the office!
Or read the online version by clicking HERE.

Impact Of A Disability Tool

Impact Of A Disability Tool

Impact-of-a-Disability-tool-2

If you haven’t thought about being disabled, perhaps you should. This is just a few simple questions to guide you along the way. When you want a little more information, call to set an appointment with one of our planners, or attend a workshop, or both!

 

2nd Monday: Life Financial Roadtrip Planning - Click for more information

[ Life Financial Road Trip Planning ]

Dreams → Goals → Reality.

  • When: Second Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Some topics we will discuss:
      • Your Financial Goals
      • Life Insurance
      • Your Retirement Goals
    • It’s time to get organized! - Waiting is the most common reason for failing.
    • Think of life a little like planning a great road trip
      • Where are you now?
      • Where do you want to end up at?
      • What stops do you want to make along the way?
    • You know you’ll get lost, so be ready.  
4th Monday: Estate Planning & Long Term Care - Click for more information

[ Estate Planning ]

You can't take it with you,  but don't have to give it to Uncle Sam either!

  • When: Fourth Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Great, you have a Will. If that is all you have this is what will happen when you die
      • It will take about 14 months to settle your estate (Ohio average)
      • Your Probate cost will be from 3% - 8% of your estate (Ohio average approx. 5%)
      • Everything you own becomes public information.
    • A little planning can get your estate settled in under a month, at little or no cost, and completely private!
    • So which plan do you think your heirs would prefer?
1st Monday: Retirement and Social Security Planning - Click for more information

 [ Retirement & Social Security Planning ]

Retirement should be Secure so you can Socialize.

  • When: First Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • How much do I really need to save for retirement?
    • When should you start to collect Social Security and how should you file?
    • Over 90% of Americans do NOT maximize their Social Security benefits.
    • You really could live to be 100, but will it kill you financially?
    • What about taxes on Social Security? Earning limits?
    • It’s a puzzle, but when it all comes together, it can be beautiful.
3rd Monday: Medicare, Med-Supp Planning - Click for more information

[ Medicare, Medicare Supplements, Prescription Drug Plans and Alphabet Soup ]

  • When: Third Monday of every month, 5:30 - 6:30 PM
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • You have Medicare parts A, B, C & D
    • Then you have Med Supp Plans A, B, C, D, F, K, L, M, N
    • Of course there’s prescription drug plans
    • And Medicare Select Plans
    • And despite all that confusion, we can make your decision relatively easy.

 

Life Goals and Needs Planning Tool

Life Goals and Needs Planning Tool

This should give you a great idea where you are and where you need to be. Check it out, but it’s only the start. Let us help you get the safely. Make an appointment with one of our planners, or attend a workshop, or both!

2nd Monday: Life Financial Roadtrip Planning - Click for more information

[ Life Financial Road Trip Planning ]

Dreams → Goals → Reality.

  • When: Second Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Some topics we will discuss:
      • Your Financial Goals
      • Life Insurance
      • Your Retirement Goals
    • It’s time to get organized! - Waiting is the most common reason for failing.
    • Think of life a little like planning a great road trip
      • Where are you now?
      • Where do you want to end up at?
      • What stops do you want to make along the way?
    • You know you’ll get lost, so be ready.  
1st Monday: Retirement and Social Security Planning - Click for more information

 [ Retirement & Social Security Planning ]

Retirement should be Secure so you can Socialize.

  • When: First Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • How much do I really need to save for retirement?
    • When should you start to collect Social Security and how should you file?
    • Over 90% of Americans do NOT maximize their Social Security benefits.
    • You really could live to be 100, but will it kill you financially?
    • What about taxes on Social Security? Earning limits?
    • It’s a puzzle, but when it all comes together, it can be beautiful.
3rd Monday: Medicare, Med-Supp Planning - Click for more information

[ Medicare, Medicare Supplements, Prescription Drug Plans and Alphabet Soup ]

  • When: Third Monday of every month, 5:30 - 6:30 PM
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • You have Medicare parts A, B, C & D
    • Then you have Med Supp Plans A, B, C, D, F, K, L, M, N
    • Of course there’s prescription drug plans
    • And Medicare Select Plans
    • And despite all that confusion, we can make your decision relatively easy.
4th Monday: Estate Planning & Long Term Care - Click for more information

[ Estate Planning ]

You can't take it with you,  but don't have to give it to Uncle Sam either!

  • When: Fourth Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Great, you have a Will. If that is all you have this is what will happen when you die
      • It will take about 14 months to settle your estate (Ohio average)
      • Your Probate cost will be from 3% - 8% of your estate (Ohio average approx. 5%)
      • Everything you own becomes public information.
    • A little planning can get your estate settled in under a month, at little or no cost, and completely private!
    • So which plan do you think your heirs would prefer?

 

Social Security Planning Tool

Social Security Planning Tool

Social Security Planning Tool

It may seem like a no brainer, but it isn’t. There are a lot of things to consider that can make a big difference to your long term finances. If you make a mistake, you have 12 months to “fix it”, but after that, you’re stuck with it for life. I think getting it right the first time is important.

 

1st Monday: Retirement and Social Security Planning - Click for more information

 [ Retirement & Social Security Planning ]

Retirement should be Secure so you can Socialize.

  • When: First Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • How much do I really need to save for retirement?
    • When should you start to collect Social Security and how should you file?
    • Over 90% of Americans do NOT maximize their Social Security benefits.
    • You really could live to be 100, but will it kill you financially?
    • What about taxes on Social Security? Earning limits?
    • It’s a puzzle, but when it all comes together, it can be beautiful.
3rd Monday: Medicare, Med-Supp Planning - Click for more information

[ Medicare, Medicare Supplements, Prescription Drug Plans and Alphabet Soup ]

  • When: Third Monday of every month, 5:30 - 6:30 PM
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • You have Medicare parts A, B, C & D
    • Then you have Med Supp Plans A, B, C, D, F, K, L, M, N
    • Of course there’s prescription drug plans
    • And Medicare Select Plans
    • And despite all that confusion, we can make your decision relatively easy.
2nd Monday: Life Financial Roadtrip Planning - Click for more information

[ Life Financial Road Trip Planning ]

Dreams → Goals → Reality.

  • When: Second Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Some topics we will discuss:
      • Your Financial Goals
      • Life Insurance
      • Your Retirement Goals
    • It’s time to get organized! - Waiting is the most common reason for failing.
    • Think of life a little like planning a great road trip
      • Where are you now?
      • Where do you want to end up at?
      • What stops do you want to make along the way?
    • You know you’ll get lost, so be ready.  
4th Monday: Estate Planning & Long Term Care - Click for more information

[ Estate Planning ]

You can't take it with you,  but don't have to give it to Uncle Sam either!

  • When: Fourth Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Great, you have a Will. If that is all you have this is what will happen when you die
      • It will take about 14 months to settle your estate (Ohio average)
      • Your Probate cost will be from 3% - 8% of your estate (Ohio average approx. 5%)
      • Everything you own becomes public information.
    • A little planning can get your estate settled in under a month, at little or no cost, and completely private!
    • So which plan do you think your heirs would prefer?

 

Dan Muhlenkamp Achieves NSSA Advisors Certificate

Dan Muhlenkamp Achieves NSSA Advisors Certificate

Dan Muhlenkamp has achieved National Social Security Advisors certificate from the National Social Security Association LLC in Cincinnati.

The NSSA certificate promotes advanced Social Security education providing Muhlenkamp with the knowledge to counsel clients on the best way to claim Social Security benefits in order to optimize lifetime Social Security income.

Dan Muhlenkamp specializes in Senior Planning, Business Planning and Estate Planning. The NSSA certificate program prepares professional advisors for the myriad of questions that their clients are asking. Also, with this training, advisors can guide their clients through the many Social Security options that are available. NSSA advisors are uniquely qualified to help the growing numbers of baby boomers. The program is the gold standard in Social Security certification and training in the nation.

The National Social Security Advisors certificate program was created by CPA, Marc Kiner and Jim Blair, a 35 year veteran of the Social Security Association. With 10,000 Baby Boomers turning 65 each day in the U.S., Kiner and Blair, believe that advisors must be educated regarding Social Security. There are 76 million Baby Boomers nationwide. Boomers are folks born between 1946 and 1964.

“For more and more people, Social Security is going to provide an important part of their retirement income,” said Blair. “NSSA advisors are passionate about helping retirees optimize their benefits over the rest of their lives.”

For more information call Dan Muhlenkamp at 419-678-2326.

For more information about the NSSA certificate program, go to www.nationalsocialsecurityassociation.com

National Life Insurance Day | May 2nd, 2017

National Life Insurance Day | May 2nd, 2017

National Life Insurance Day | Ohio Insurance

National Life Insurance Day is observed annually on May 2nd.
Did you know this day marks the anniversary of the first day life insurance became available in the United States?

The sale of life insurance in the U.S. began in the late 1760s. The Presbyterian Synods in Philadelphia and New York City created the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers in 1759.

No one really wants to think about life insurance. But if someone depends on you financially, it’s a topic you can’t avoid. In the event of a tragedy, life insurance proceeds can:

  • Pay for funeral costs
  • Help pay the bills and meet ongoing living expenses
  • Pay off outstanding debt, including credit cards and the mortgage
  • Continue a family business
  • Finance future needs like your children’s education
  • Protect a spouse’s retirement plans

Click Here to request a free life insurance quote today!  Affordable life insurance and peace of mind is just a click away

 

NATIONAL LIFE INSURANCE DAY – May 2