Jenilee Wirtz

Posts Tagged ‘ct life insurance’

Heartbreak and hope: Family faces two devastating cancer diagnoses

In Charity, New York Life, Why you need life insurance on April 7, 2011 at 1:40 am

Professionally, I find that many clients want to “hold off” on purchasing their life insurance.  I stress the fact that we truly never know what will happen to us, and share with them the importance of protecting our insurability. 

 

Elisa and Nathan Bond’s life seemed perfect. Not long after their fairy-tale wedding, they had a beautiful baby girl who was growing into a happy toddler. Outside of a few extra pounds Elisa wanted to shed, she couldn’t think of a single thing wrong with their lives.

But on Valentine’s Day, the fabric of their existence started to unravel. Nathan, 38, learned he had Stage 3 colon cancer and only a 65 percent chance of surviving the next five years.

They were still absorbing the news when, just nine days later, 36-year-old Elisa received an even worse diagnosis: the lump in her breast was malignant and her cancer had already spread. She had Stage 4 metastatic breast cancer, and her chances of surviving another five years are just 16 percent.

Elisa has only one request for those following her family’s story, she told TODAY: “If you envision our circumstance, don’t envision the cancer, envision the healing. Envision us playing with Sadie when she’s 5, when she’s 10… arguing about the keys to the car when she’s 16. That’s what we ask.”

Read the full story & watch the video clip from the TODAY SHOW here!  To donate to Elisa & Nate, visit their blog.

If you or someone you know is “putting off” the decision to fund a life insurance policy, please share this story with them. 

For more information on New York Life Insurance Company, the products we offer, or for a free consultation please contact Jenilee Wirtz at 860-716-9899 or jfwirtz@ft.newyorklife.com

snOw MY GOD!

In Interesting Photos, New England Winter on January 13, 2011 at 9:56 pm

New England got hit hard with this early 2011 storm…check out this picture taken on our back deck!

The following is taken from an article in the Norwich Bullitan

The National Weather Service reported snow on the ground in every state except Florida. That included Hawaii, which had 7 inches on the top of the Mauna Kea  mountain. The winter weather was blamed for at least 18 deaths since Sunday when snow and ice hit the South.

Airlines canceled more than 3,000 flights, mostly in the snowy Northeast, but said travelers wouldn’t be stuck for days as they were after a Christmas weekend storm. New York accounted for half the canceled flights, according to flight-tracking service FlightAware.

Commuter rail service was delayed or suspended across the region, and Amtrak suspended service between New York City and Boston because of damage to the overhead power system south of Boston.

  • Boston 11.6 inches
  • Worcester, Mass. 15.5 inches
  • Connecticut’s Bradley International Airport 22.5 inches
  • Providence 6.9 inches. 
  • Chesterfield 26.3 inches
  • Manchester 27 inches

Take caution while driving in the treterous conditions…and make sure you have a guaranteed life insurance policy! 🙂

Life Insurance: Can You Afford To Wait?

In New York Life, Professional Advice, Why you need life insurance on January 11, 2011 at 9:24 pm

Critical decisions, such as buying a home, getting married or having children, require deliberate, thoughtful consideration. Indeed, the outcome of any one of these decisions can irrevocably change your life for better or worse. But, delaying the purchase of life insurance can be a costly mistake for you and your loved ones. Waiting just a few years can have a negative impact on several key areas of a life insurance policy.

Whole Life Insurance: Financial Protection Plus Cash Value Accumulation

In its simplest form, whole life insurance protects the people who depend on you for financial support — no matter what happens to you tomorrow. Aside from providing money to your beneficiaries to replace your income, whole life insurance also offers guaranteed* cash value accumulation on a tax-deferred basis, as long as the policy remains in force. If available, cash value can be borrowed against to fund a child’s education, supplement your retirement income, or meet an emergency cash need. Remember, policy loans accrue interest at the current variable loan interest rate and reduce the total cash value and total death benefit by the amount of the outstanding loan and accrued loan interest.

 The Effects of Waiting

Since a portion of the premiums paid accumulates cash value each year, over the long term, cash value accumulation can be considerable, especially since taxes on the growth are deferred. Generally speaking, the sooner you start paying policy premiums, the faster your cash value may accumulate.

 A whole life policy is also eligible to receive dividends, if and when declared by the insurance issuer. Unlike cash values, dividends are not guaranteed. In addition, past dividends are not indicative of future dividends. As a policyholder, you have several options for dividends usage. For example, you can take dividend distributions in cash or apply dividends to add insurance coverage through the purchase of paid-up additional life insurance. Paid-up insurance is also eligible for dividends, has cash value and requires no additional premiums. Other dividend payment options may be available. So, waiting in this case can cost you the opportunity to increase the benefit paid to your beneficiaries.

 Although you’re healthy now, you decide to delay purchasing whole life insurance for five years. In five years, you may suffer an unexpected health condition, which may place your insurability in jeopardy. In the worst-case scenario, if you were to die in the next five years, the cost of waiting would be the death benefit your beneficiaries would not receive.

 Remember, purchasing life insurance is a major decision. So, it’s important to take the time to gather all the necessary information and choose the coverage that best suits your needs. While the decision is up to you, keep in mind that postponing your decision can prove to be costly.

*Guarantees backed by the claims paying ability of the issuer.

 This educational third-party article is being provided as a courtesy by Jenilee Wirtz. For additional information on the information or topic(s) discussed, please contact Jenilee Wirtz at jfwirtz@ft.newyorklife.com.