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Insurance presentation

Transcript: you need to have auto insurance because its a law no matter what state you are in because if you don't have auto insurance and you get pulled over or and accident you will either get a ticket or a fine or you could get your license taken away. Health insurance The unfortunate thing about insurance is that if you can’t afford the premium, you definitely won’t be able to afford bearing the risk yourself. most people don't have because they cant afford it, Obama care is offering it to everyone for free to help them have health insurance Life insurance Auto Insurance http://www.dummies.com/how-to/content/what-kinds-of-insurance-do-you-need.html Under most circumstances, you need life insurance to protect your surviving family, who depend on your income. Although it doesn’t protect the family from their loss of income, it can help offset the additional costs that it would take to replace that stay-at-home parent’s services. Fortunately, term life insurance is quite affordable, presuming that you’re fairly healthy. The cost of a high-quality, 20-year level term life insurance policy on a young mother may cost $300 to $400 per year — a level premium for 20 years! citaitons Short- term: Coverage will provide income replacement protection, usually after one week of disability, and will pay for up to six months. Long-term: This type of disability insurance kicks in generally at the six-month mark and continues until age 65. If you have disability insurance through your employer, you probably have only long-term disability coverage, and typically the coverage ranges between 60% and 70% of your current gross salary. this should be for everyone but its more for older people getting in to the retirement age because young people dont want to have the expense of this insurance. Insurance presentation By SarahLambert Disability Insurance

Insurance Presentation

Transcript: Life Insurance (continued...) World Trade Center case Post Hurricane- Katrina Property Insurance claims Florida Consumer Choice Act Provides protection against most risks to property. These can include: Fire Theft Water damage Whole Life- Provides guaranteed insurance protection for the entire life of the insured Also known as Permanent Coverage Universal Life This is like Whole Life, except that the premiums, cash values, and level amount of protection, can each be adjusted up or down Also Known as flexible premium or adjustable life This is a policy purchased by vehicle owners to mitigate costs associated with getting onto an auto accident. With most polices, the insurance company will pay for part or all of the costs of damages to your vehicle or another vehicle involved in the accident. Types of coverage: Replacement Cost Coverage- pays the cost of replacing your property Premiums Coverage- is based on replacement costs values Actual Cash Value- coverage provides for replacement costs minus depreciation Facts (Disability Insurance continued...) Automobile Insurance Disability Insurance Property Insurance (continued...) This type of insurance pays or medical and surgical expenses. Health insurance can either reimburse the insured for expenses incurred from illness or injury or pay for the care provided. U.S. Property Insurance Claims Property Insurance More than 375,000 Americans become totally disabled each year Most disability polices cover about 60% of a base salary Back disorders are most commonly sited 46% of all foreclosures on conventional mortgages are caused by a disability Types of Disability Insurance Life Insurance (continued...) Variable Life This type of policy is comprised of two distinct components general account- is the reserve or liability account separate account-comprised of various investment funds within the insurance company's portfolio Variable Universal Life This combines the features of universal life with variable life and gives the consumer the flexibility of adjusting premiums, death benefits and the selection of investment choices. Property Insurance: Simmons Insurance Inc.- Pam Simmons 336-368-5204 Disability Insurance: Frye Insurance Services- Jeff Frye 336-266-4558 Life Insurance: State Farm- Steve Gross 336-786-2342 Health Insurance Local Agents This is an insurance that pays out a sum of money either on the death of the insured person or after a set period There are four main types of life insurance- Whole Life Universal Life Variable Life Variable Universal Life Health Insurance: NC Farm Bureau Insurance- Kenneth Snow 336-789-5091 Auto Insurance: Chappell Insurance -Keith Wilmoth 336-786-1111 Life Insurance Insurance Presentation It is often called DI or Disability Income Insurance It's a form of insurance that insures the beneficiary's earned income against the risk that a disability creates. Individual Disability Insurance High Limit Disability Insurance Key Person Business Overhead Expense National Social Insurance

Insurance Presentation

Transcript: Strong. Our commitment to clients Since 1863 Stable. Local. Personal. Community focused Community focused For over 157 years, 1st Source Bank has been giving back to our community to help build good places to live, work and raise our families. This service to our community is one of our principal values and has defined who we are and how we do business. This past year, 1st Source Bank and 1st Source Foundation: Donated more than $1.9 million to 200+ non-profit organizations in our communities Source employees volunteered more than 22,000 hours to community organizations Global and National Recognition 2019 KBW Bank Honor Roll – One of eighteen banking institutions with more than $500 million in total assets to have reported consecutive increases in annual earnings per share since 2009. Forbes 'Top-Ranked Bank Headquartered in Indiana' based on 2018 'Best-In-State-Banks' Survey 5 Star 'Superior' Rating from BauerFinancial – Highest rating possible. Based on capital ratio, profitability/loss trend, credit quality and CRA ratings Bank Performance Scorecard by Bank Director Magazine - Ranked #26 of 123 banks on 2018 list of banks with $5 - $50 billion in assets Top 15th Percentile of Community Banks by Seifried & Brew, 2016 Best Branch Service in the Midwest by The MSR Group, 2015 & 2016 Top rated bank Our history Our history Founded in 1863 in South Bend, Indiana, 1st Source has offered clients a convenient and friendly way to bank for over 157 years. At 1st Source, we'll listen to you, understand your needs and always keep your best interests in mind. Our Business Banking services have one primary purpose: helping you grow your business. For your business Checking Accounts Business Checking that's right for any business. Expedite your company's day-to-day financial management activities. Treasury Services Our various easy-to-apply-for loan options can help you finance your business plans. Business Loans We'll help you identify your risks and, then offer you "just right" insurance solutions. Business insurance solutions Great coverage. Personal service. Competitive pricing. Commercial Insurance Group Medical Group Life Group Vision Group Dental Group Disability Group Long-Term Care Voluntary Employee Benefits Stop Loss Coverage Self-Insurance Plans COBRA Administration Healthcare Reimbursement Arrangements (HRA) Healthcare Savings Accounts (HSA) Section 125/Cafeteria Plans Employee Benefits Risk Management and Loss Control Insurance and Risk Management Program Design Safety Program Development or Review OSHA Audit Services Loss Control Activity Evaluations Claims Management Employee Protection Industrial Hygiene Other Audit Services Our mission Our team of professionals To help our clients achieve security, build wealth and realize their dreams Our values Community leadership Outstanding client service Superior quality Teamwork Integrity Our values Your personal team Client team approach You will be matched with a Trust Administrator, Associate and Portfolio Manager dedicated client service. Experience Experience Degrees & Designations Over 1,600 years of combined industry experience to meet your financial needs 19+ Average years of experience per team member 10 9 3 3 10 11 Advanced degrees MBA J.D. Professional designations CTFA CFP CFA CPA

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