Status Financial Inc.

PRINCIPLES OF LIFE INSURANCE

The goal of risk management is to protect your family against financial loss and to safeguard your family&rsquos standard of living and quality of life.

Insurance helps people to protect themselves and their families against risk. These risks include death, disability and loss of property. People can manage the financial consequences of these risks with insurance. It is also important that they control insurance expenditures, since premiums for inappropriate or unnecessary coverage reduce disposable income for investment purposes.

Insurance affects financial planning by protecting against the loss of &ldquohuman capital&rdquo through death or disability. It can also protect an individual against expenses for medical or dental care, and loss of personal and financial assets caused by property perils such as fire, theft, collision, or legal liability.

DETERMINING LIFE INSURANCE NEEDS

To decide life insurance needs one must gather information and analyze the facts. The facts may be tangible and quantifiable, or they may relate to the emotional or psychological needs of the individuals involved.

Some important facts can be gathered from financial statements and tax returns. Statements of current income, assets and liabilities, and projections for the future are also relevant. Wills, mortgage statements, business buy-sell agreements and existing insurance policies provide additional information.

Objectives may depend on age, family and financial circumstances. Tying the objectives to the facts will help identify and quantify needs. Priorities can then be set and a financial plan, including insurance needs, can be developed. When a plan that satisfies needs is in place, it will require periodic review and revision.

Life insurance provides many ways to satisfy estate planning needs. Its primary purpose is to provide funds to cushion the financial consequences of an early death. It provides tax-free liquid cash when most needed. Its long-term purpose is to provide funds to preserve the value of one&rsquos estate upon transfer to heirs.

Protect your family&rsquos quality of life. Call us today to schedule an appointment to create a comprehensive risk management strategy for you and your family.

* Insurance Products offered through Status Financial Insurance.

* Mutual Funds Offered through Investia Financial Services Inc

*Seg Funds offered through Investia Financial Services

*Insurance products offered through Status Financia Insurance.

** Mortgage Products offered through Centum One Financial Group Inc.

(Lic. 10758)