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The Sandwich Generation:
Getting the Right Balance
Today’s “Sandwich Generation”
has a unique financial burden.
Many of todays families not only
have to provide for themselves
and their children, but also for
their aging parents as well.
They’re the first generation of
Americans to have this dual
responsibility. Where is a family
to start when building a financial
foundation to meet this chal
lenge? Many people would agree
that life insurance is the first step.
But faced with the day-to-day
reality of paying the bills, how
can a young, growing family get
the protection they need and
manage to fit the cost into their
budget? Well, the answer may be
a matter of “getting the right bal
anced.”
PERMANENT VS. TERM
INSURANCE?
Why Not Both?
For decades families have strug
gled with a classic question:
“Should we purchase term insur
ance or is permanent insurance
the better buy?” Term insurance
is attractive for its initial lower
premiums, while permanent
insurance (for example “whole
life insurance”) offers the bene
fits of a level, fixed premium and
guaranteed cash value accumula
tion. There’s no simple, easy
answer because one kind of
insurahce is not necessarily “bet
ter” than the other, and they are
certainly not mutually exclusive.
Well, now you don’t necessarily
have to choose between them.
You can have them both.
THE BEST OF BOTH
WORLDS
Some trend-setting insurance
companies now offer innovative
new products that blend the
affordability of term insurance
with the cash value accumulation
of permanent insurance in one
“package.” Most companies offer
several variations of coverages,
such as 25 percent permanent
with 75 percent term, or a 50-50
percent mix. This allows you to
choose the combination that best
suits your budget and your goals.
For example, say you need
SIOO,OOO in insurance coverage
and would like to have some cash
value accumulation, but you can’t
afford the premium for 100 per
cent permanent insurance.
Now you have the option to
choose a 50-50 percent plan con
sisting of $50,000 of permanent
insurance with a $50,000 term
rider.
It’s an ideal way to get all the
Congratulations! We’d Like To Stop By
And Give You A Basketful Os Free Gifts
Over the years, the Welcome Wagon* basket has become a welcome sight to all kinds of
people. New residents, new parents, newly-engaged couples and new citizens all enjoy
the benefits of a free Welcome Wagon basket which not only contains valuable gifts, but
also information about community services and local businesses. For
a new not s,art '* ma * < ' n 9 a new friend?
Wed *otear from you.
find out how you can become a Welcome Wagon sponsor, or
arrange a home visit, call: Irene Michael 887-1671
B mi!lt BERBER CONNECTIffItt
Kt. HwlJi 90 DAYS Same As Cash IQ
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Kbhwh 770-889-9753 4
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Timothy
Eckel
coverage you need and the cash
value accumulation you want, at
a price that’s right for you.
TIME PASSES, NEEDS
CHANGE
The only thing certain in life is
change. Over the years, your
family may grow, and you’ll want
to adjust your plan accordingly.
More children mean more
responsibility, and you’ll want to
be sure that theire adequately
protected. Looking to the future,
you’ll want to be prepared to help
fund far reaching goals such as
your children’s education, possi
bly a new home and, eventually
supplement a comfortable retire
ment. A great advantage of the
“package” concept is its flexibili
ty. It can change as you change.
The term portion of the plan can
be converted into valuebuilding
permanent insurance. You can
convert it all at once or over time.
When fully converted to a perma
nent plan, you’ll take maximum
advantage of taxdeferred cash
value accumulation. You can
access available cash values by
borrowing against them on a
taxfree basis. This can help you
cover vital needs. In addition, if
your policy is with a mutual
insurance company, the perma
nent insurance may be eligible to
earn dividends when declared by
the insurer. You can use these
dividends in a number of ways to
enhance your plan.
YOUR PLACE ON THE
SPECTRUM
You can think of your insurance
options as a spectrum. On one
end is permanent insurance, with
its guaranteed protection and
cash value accumulation.
On the other end is term insur
ance, which offers financial pro
tection, a lower initial premium,
but without cash value accumula
tion. In the middle of this spec
trum you’ll find the blended
plans.
After taking a close look at all
the features and benefits of each
plan, you may find that striking a
balance between permanent and
term insurance is the most appro
priate place for you on the insur
ance spectrum.
OROEHOF
Is your bank still charging you for
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Also, for your convenience, .|
we have extended hours* to meet i
your early morning banking needs: I
■ Monday - Thursday, 7 a.m.-5 p.m. \ j|
■ Friday, 7 a.m.-6 p.m.
■ Saturday, 7 a.m.-12 Noon l|
Stateßank I
*Drive-in window only, 7:00 a.m. Building a better life, together, j
MEMBER FDIC !| ■
' & u. ’ k ' iI fl
BUSINESS
FORSYTH COUNTY NEWS Friday, June 12,1998 I
Sun Trust Bank
Groundbreaking
Ken Shugart, first vice presi
dent of Sun Trust Bank,
Northeast Georgia, unveiled
the architect’s rendering of tie
bank’s new regional facility
Wednesday. The 7,000- .y
square-foot office will be
located on the comer of Haw
Creek Circle and Hwy. 20. It
will feature five drive-through
banking and ATM lanes and
provide mortgage, corporate,
trust and investment services.
Sun Trust operates 16 brancfi
es in four North Georgia >*•
counties and has assets of \
over $630 million.
Photo/Tom Brooks
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