Gelinas Financial Group, Inc.
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Gelinas Financial Group, Inc.
Contact Us
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Gelinas Financial Group, Inc.

LISTEN, UNDERSTAND, RESEARCH, HELP. Money management has a new reality. Financial-planning efforts must consider “the whole client.” We offer a multi layer approach that starts with education. We strive to gain your trust then deliver the results you seek. At Gelinas Financial Group, Inc., our passion is supporting our clients by adding value: You need information to make correct decisions. We’ll help you achieve higher levels of success and better process management through cutting-edge solutions, training, mentoring, and continuing education. Our objectivity and independence mean you get the financial-planning and risk-management solutions that meet the unique demands of your present situation. We offer our expertise in the following areas: Financial Planning Retirement Planning Insurance Investment Coaching Annuities More Hope is not a strategy. We meet with our clients regularly to scrutinize their investments and make adjustments.

Voluntary Employee Benefits: Something For Everybody

Author ShawnaKreis , 1/18/2017

men-1979261_1280 - SmallVoluntary benefits provide insurance products that your workers purchase through your company using payroll deduction at a group rate significantly lower than they could get on their own. These programs can include a wide variety of benefits, insuring everything from workers’ cars and homes to their pets. However, the most popular products include life policies, health-related coverage's – dental, vision, cancer, critical illness, hospital confinement, and long-term care – and disability income replacement. (Some employers also offer such non-insurance benefits as prepaid legal services and discount purchase programs).

Everybody wins with voluntary benefits. Your employees will enjoy:

  • Value: As noted above, group buying power allows workers to buy products at significant discounts.
  • Flexibility: Employees decide how to spend their discretionary income on the benefits of their choice – a “Chinese menu” approach.
  • Simple, painless tax-free payment. Small deductions from each paycheck, often using pre-tax dollars, are easier to handle than annual or quarterly payments.
  • Accessibility and convenience. Employees don’t have to shop for coverage.
  • Underwriting advantages: Voluntary life and health benefits are usually available on a “guaranteed issue” basis.

Your business will benefit in a number of ways.

  • Enhanced recruitment, higher employee morale and reduced turnover- from showing your workers that you care about providing them with a “safety net” that can help protect their health and their savings, while saving money.
  • Low cost of providing benefits (other than minimal administrative expenses).
  • Lower payroll taxes for each participating employees.
  • Reduced impact of any health coverage changes that might be required by the Affordable Care Act.

For more information, get in touch with our agency at any time. We’re here to serve you.

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Don’t Stick Your Loved Ones With Student Debt

Author ShawnaKreis , 1/11/2017

Student Education Loans 2012 - SmallCollege students are graduating deeper in debt than ever, as tuition and fees keep escalating while family incomes stagnate. The average student debt jumped to nearly $30,000 for the Class of 2012, compared to $26,000 in 2011, according to the Project on Student Debt at The Institute for College Access and Success. Average student loans in 2012 were even higher for newly minted physicians ($167,000), veterinarians ($152,000), and attorneys ($125,000).

If you’re a young professional with debts on this scale, you might well find it difficult to pay off these loans during the early years of your career, before you earn enough to build up savings. If you died before paying your loans, who would be responsible for the balance? Although federally financed student debts are forgiven in case of the borrower’s death, the burden of payment for a private loan would fall on your family or the guarantor (co-signer) of the loan – most likely your parents.

Not to worry. A term life insurance policy can cover this risk, so your loved ones won't take a financial hit when they're already reeling from grief. The policy will cover you for a fixed period, such as 10, 15, 20 or 30 years. You can either buy coverage for as long as the loans are likely to be paid off, or have a co-signer (for example, your mother) purchase a policy on your life, with herself as the beneficiary.

You can obtain this financial peace of mind for pennies a day. A 20-year, $250,000 term life policy for a healthy 30-year-old costs only about $150 a year, according to LIMRA, a life insurance trade group.

For more information, just give us a call. We’re always here to help.

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Life Insurance And Chronic Illness: Reality Check

Author ShawnaKreis , 1/4/2017

im-insurance-grad05 - SmallJust because you have a pre-existing medical condition doesn’t mean you can’t afford life insurance.

A nationwide survey by Genworth Financial concluded that many Americans fail to buy life coverage because they have a chronic illness that they believe will make insurance unaffordable. The study of 24,000 adults found that between 39% and 54% of those aged 18 and 64 with common, self-reported pre-existing conditions don’t have a life policy. (Overall, more than 118 million American adults went without life insurance in 2012, continuing a trend of fewer people buying less coverage).

However, recent advances in medicine and wellness care are making it easier for people to manage chronic conditions. At the same time, the insurance industry is using more sophisticated underwriting practices to provide preferred rates to people with less-than-perfect health, allowing companies to balance the need the need to price policies competitively with their ability to pay claims.

"We need to redefine the word 'healthy' in the context of life insurance eligibility," says Janet Deskins, Genworth Senior Vice President for Product Development. "For adults with conditions such as anxiety, asthma, depression, high cholesterol, and sleep apnea, life insurance can still be an affordable part of their overall financial plan, especially if they’re actively taking steps to manage their condition."

Eric Tyson, author of Let’s Get Real About Money and Personal Finance for Dummies, points out that not all insurance companies gauge risk the same way; “Some companies have a better understanding of certain medical conditions. You may be able to get much better rate that you expect. The key is managing your condition well.”

Even if you’re not in the best of health, the professionals at our agency would be happy to help you find quality life insurance coverage at an affordable rate.

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