September is Life Insurance Awareness Month and I urge each of you to take a look at your life insurance. In the August 9 issue of the Wall Street Journal, an article featured a couple of retired school teachers in upstate New York who, years ago, when interest rates were significantly higher, purchased a type of insurance product that was based upon those interest assumptions. Unfortunately, their life insurance premiums went up significantly because of the low interest rate environment that exists now.
This kind of disaster is a sad story that can be avoided with proper planning. Make sure you take advantage of our offer to review your life insurance to ensure you have planned properly, have the right plans, and are managing your policies to avoid this type of situation. Our newsletter this month contains lots of information about life insurance to protect:
- Your family;
- Your children and grandchildren;
- Your business;
- Your estate; and
- Your legacy.
Give us a call and we’ll be happy to review your current life insurance with you.
Michael Fliegelman, CLU, ChFC, AEP, CLTC, RFC
Founder / President, Strategic Wealth Advisors Network
(631) 262-9254
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Please note that the information being provided is strictly as a courtesy. Always confer with your CPA prior to attempting to take any tax deduction. Michael Fliegelman is not a CPA, nor should the contained be considered tax “advice”.
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