Some more tidbits from the Chamber of Commerce January newsletter.
The following releases were in the Spring-Ford Chamber of Commerce January Newsletter:
This year’s Career Conference for Future Leaders was held January 10th and 12th at the West Campus of Montgomery County Community College. The annual event, now in its thirteenth year, gave 300 eighth graders representing 12 local schools the opportunity to learn about careers from those with experience in the field. Among the career speakers were Spring-Ford Chamber members Joe Giunta, Phoenixville Federal Bank, Mickey McDaniel, Spring Ford School District, Drs. McGinley and Phluger, Limerick Veterinary Hospital, Rick Storms, St. Pedro Associates, and Marc Umstead, Comp-U-Ship.
Dickie Noles, keynote speaker inspired the conference motto “Hit a Home Run for Tomorrow.” Noles, player counselor with the Philadelphia Phillies and former Phillies pitcher spoke to a rapt audience of young teens. He took his theme from a saying he often heard from his mother, “Our lives are not made by the dreams that we dream but the choices that we make.” Noles believes that the bad choices he made as a young man kept him from becoming a hall of fame player despite his being on the World Series winning 1980 Phillies team. He shared his story with the audience to encourage them to believe in miracles and make good choices in their lives.
The Western Montgomery County School to Work Partnership organizes the conference each year. The partnership is made up of representatives of the business and education communities. Spring-Ford chamber members active on the committee are Ellen Daw, Spring-Ford School District, Shawn Heyes, Limerick Veterinary Hospital, Jae Hiveley, YWCA Tri-County, Gail Wellington, Three Peas in a Pod Florist, and Paul Woodman, Western Center for Technical Studies. The conference is funded by donations from the Spring-Ford Chamber of Commerce, Micro Coax, Limerick, Kensey-Nash, Exton, Exelon, Limerick, PECO, Philadelphia, DS SolidWorks, Massachusetts, The Tri-County Education Foundation, Pottstown, and Montgomery County Community College, Pottstown.
“I know I need it, but I don’t want to think about it now.” “I’ll deal with it later, it’s not a priority.” These are two of the most common responses when the topic of life insurance comes up. Despite being saddled with a reputation as a boring financial product, life insurance still remains a product that many financial professionals agree should be the foundation on which people should build their financial goals.
Why so? First, think about your loved ones. The primary benefit of life insurance is to provide for them, helping them meet daily expenses and continue the activities of daily life without any further major disruption. Proceeds from life insurance can be used by families to pay bills—like credit card and mortgage bills—as well as daily necessities such as groceries, gas, etc. Without adequate life insurance coverage, many families could be placed under great financial distress to meet the ongoing financial obligations of their new lives.
Life insurance can also protect one’s spouse against sharp reductions in future pension and Social Security payments by replacing assets cut short by premature death. For example, it is not unusual for a surviving spouse to receive less than half of his or her spouse’s projected pension because death has interrupted anticipated contributions flowing into the plan.
And it’s not just at home where life insurance can help. Life insurance can help business owners and others with significant assets to pass those assets to their loved ones in a tax-efficient manner. It also serves as a tremendous tool enabling people to support nonprofit organizations through charitable gifts.
Life insurance may not be a popular topic, but the security it offers brings a level of comfort that most people can’t do without. In addition, most people will find that life insurance coverage is a key component as they plan for their long-term financial goals. None of us can control whether we will have tomorrow, but protecting the people in our lives is something we can take control of today.
John Young, FIC, is a financial representative with Thrivent Financial for Lutherans in Limerick. He can be reached at (484) 961-7137. Thrivent Financial for Lutherans is a not-for-profit, Fortune 500 financial services membership organization helping approximately 2.6 million members achieve financial
security and give back to their communities. This column was prepared by Thrivent Financial for use by this representative.
Insurance products issued or offered by Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent Financial for Lutherans. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents of Thrivent Financial.
For additional important disclosure information, please visit thrivent.com/disclosures
