Term Life Insurance

Term life insurance or term assurance is life insurance which provides coverage for a limited period of time, the relevant term. After that period, the insured can either drop the policy or pay annually increasing premiums to continue the coverage. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis.

Homeowners Insurance

Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.

Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.

Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners' responsibility.

Rollovers

If a person who is nearing retirement or has recently changed jobs, rolling over their employer sponsored plan to fund an IRA is referred to as a Rollover. A rollover can be done at any time.

There are two types of rollovers, indirect and direct. An indirect rollover, the check is made out in the customer's name and the customer has 60 days to deposit it into a new qualified account. The check is reduced by 20% mandatory withholding in the case of an indirect rollover of an employer-sponsored plan into an IRA. Any amount of the distribution (including the amount withheld) that is not rolled over into the IRA within 60 Days is subject to income tax and potentially a 10% penalty tax.

A direct rollover, the check is made out to the trustee or custodian of the new IRA account who will then allocate it according to the client's direction. The company receiving the money will facilitate the transfer from the employer.

Annuities Support Bank Growth

October 20, 2008- U.S. annuity fee income grew 5.5% to 74.1 million in the first half of 2008, "This growth in annuity commissions offset a 5.8% decline in securities brokerage income." Senior Vice President Aurthur Osman said.
-Michael White, LPL Financial Institution Services Report: Community Bank Investment Programs

Accidental Death and Disability

AD&D stands for Accidental Death & Dismemberment and is the 5th leading cause of death in the United States

• In 2007, an estimated 625,328 people died from accidents/unintended injuries
• Over the past few years, the rate of deaths from fall of people over 65 has risen over 32%
• The U.S. Government has set a goal of no more than 17.5 accidental deaths per 100,000 people by the year 2010.

An AD&D program can help you or a loved one in a time of need by protecting your largest assests and ensuring coverage.

What is an Annuity

Meek and Associates is proud to announce a partnership enabling the sale of Annuities. Annuities offer secure investments and are especially sought after in this volatile marketplace.

What is an Annuity?
An annuity is a long-term, interest-paying contract offered through an insurance company. An annuity can be “deferred” as a means of accumulating income while deferring taxes, or it can be “immediate” and pay you an income now and as long as you live.