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February 17

8 questions that will help guide your thinking about your financial situation:
  1. What is important to you? "You should clarify what's truly important to you - the people whom you care about, the aspirations you have, the things you want to protect, and the support you'd like to give to others," said Lee. "Your answers will create the framework around which your financial strategy can be built."
  2. Who depends on you today, and who might depend on you tomorrow? While spouses and children are commonly thought of as the most obvious dependents, there can be others - for example, parents, in-laws or siblings who, due to age, or other circumstances, may be unable to care for themselves. "Even individuals who are single without a family have dependents - namely, themselves - since their well-being depends on their own ability to earn an income," said Lee. "Knowing your list of current and potential dependents will help you create a comprehensive strategy."
  3. Who is providing for your dependents now? "When you develop your financial strategy, make sure that you account for all of the people who provide essential financial or non-financial support to your dependents, such as stay-at-home parents or grandparents," said Lee. "The valuable support they provide can be extremely expensive to replace."
  4. What risks have you overlooked or not fully considered? People most obviously think of life insurance as protecting surviving dependents, but other financial responsibilities to consider may include preparing for retirement and taking care of aging parents."Be sure to think broadly about the various financial responsibilities you face today or may face in the future," said Lee.
  5. Are your plans flexible enough? There are numerous ways that financial product solutions can be structured to provide future flexibility and adjust with evolving needs. "When speaking with your financial professional, ask about flexible solutions that can be upgraded (or downsized) as events in your life unfold," said Lee. Whole life insurance, a traditional product that is gaining new respect in today's economy because of its many guarantees, also provides cash values that can be tapped for unforeseen needs, such as paying for a child's education.
  6. How do you pick the right financial professional to work with? The best financial professionals are not only experienced and knowledgeable but also good listeners who seek to fully understand your circumstances and financial objectives before ever proposing possible solutions. They should have access to product solutions from multiple fine companies, should clearly explain how they get paid for their services, and should provide references upon request. "Make sure your financial professional has a solid support network - those affiliated with a strong, reputable firm will likely have access to better resources to support your changing needs," said Lee.
  7. How do you pick the right financial services company to work with? "Just as you'll want to align yourself with a strong, reputable financial professional, you'll want to do the same with regard to financial services companies," said Lee. In many cases, these products will be used to address financial needs and objectives that last for decades, if not a lifetime. To help ensure that your financial product providers will be there when you (or your loved ones) need them, work with strong, stable companies that have received high marks from independent ratings agencies.
  8. What if you already have a plan? "Even the best financial strategies should be revisited and updated regularly - generally at least once a year," said Lee. An experienced financial professional should regularly review your strategy with you, to help ensure that it remains aligned with your objectives and appropriate for your circumstances.

If you have any questions or would like to talk to an adviser/broker, please do not hesitate to contact us at: 303-425-4466/888-425-4466 ext. 225 or mattb@denverwestip.info



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December 02

Life Insurance Education

Life Insurance Education

 
Contributed by: Matt Benore  
Article Contributed on: 12/2/2009 2:15:35 PM

As many of you know, I own DenverWest Insurance Professionals, Inc. We work closely with many large life insurance providers, insurance companies like ING. ING just finshed an education link for you, the public to use.

Iwould love to get your thoughts. Do you find this useful. Click HERE for the direct link. If this does not work for you, on our Website, home page, the button is available as well: www.denverwestip.info

Thank you for a successful year. We are looking forward to working with you in the coming year, 2010!

Matt Benore, President

DenverWest Insurance Professionals, Inc.



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October 16

2010 Census to Begin

2010 Census to Begin

THIS IS PRETTY BASIC ADVICE; BUT, IN TODAY'S TIMES, I CAN SEE IT COULD LEAVE AN OPEN DOOR FOR PASSING OUT YOUR PRIVATE INFORMATION.

WARNING: 2010 Census Cautions from the Better Business Bureau

Be Cautious About Giving Info to Census Workers by Susan Johnson

With the U.S. Census process beginning, the Better Business Bureau (BBB) advises people to be cooperative, but cautious, so as not to become a victim of fraud or identity theft. The first phase of the 2010 U.S. Census is under way as workers have begun verifying the addresses of households across the country. Eventually, more than 140,000 U.S. Census workers will count every person in the United States and will gather information about every person living at each address including name, age, gender, race, and other relevant data.

The big question is - how do you tell the difference between a U.S. Census worker and a con artist? BBB offers the following advice:

If a U.S. Census worker knocks on your door, they will have a badge, a handheld device, a Census Bureau canvas bag, and a confidentiality notice. Ask to see their identification and their badge before answering their questions. However, you should never invite anyone you don't know into your home.

Census workers are currently only knocking on doors to verify address information. Do not give your Social Security number, credit card or banking information to anyone, even if they claim they need it for the U.S. Census.

REMEMBER, NO MATTER WHAT THEY ASK, YOU REALLY ONLY NEED TO TELL THEM HOW MANY PEOPLE LIVE AT YOUR ADDRESS.

While the Census Bureau might ask for basic financial information, such as a salary range, YOU DON'T HAVE TO ANSWER ANYTHING AT ALL ABOUT YOUR FINANCIAL SITUATION. The Census Bureau will not ask for Social Security, bank account, or credit card numbers, nor will employees solicit donations. Any one asking for that information is NOT with the Census Bureau.

AND REMEMBER, THE CENSUS BUREAU HAS DECIDED NOT TO WORK WITH ACORN ON GATHERING THIS INFORMATION. No Acorn worker should approach you saying he/she is with the Census Bureau.

Eventually, Census workers may contact you by telephone, mail, or in person at home. However, the Census Bureau will not contact you by Email, so be on the lookout for Email scams impersonating the Census.

Never click on a link or open any attachments in an Email that are supposedly from the U.S. Census Bureau.

For more advice on avoiding identity theft and fraud, visit www.bbb.org


Matt Benore - DenverWest Insurnace Professionals, Inc.

www.denverwestip.info

303-425-4466



8:39 AM GMT  |  Read comments(0)

September 18

"MOM" Insurance
"MOM" Insurance
 
MOM Insurance
Provided by: Matt Benore

Contributed by: Matt Benore   on 9/18/2009

This is a funny video about the job each mother has. Lately the question has come up asking, "How much life insurance can a "stay at home" mother get? The answer is not a simple one however with the help of your Life Insurance Professional, a death benefit can be determined and justified to the Insurance Company.

"The Mum Video"

This is on our website, www.denverwestip.info. The link will take you to the page it is on.

If you have any questions and/or if we can assist you in meeting your insurance needs, please do not hesitate to contact us.

888-425-4466, ext. 225 (ask for Matt)
mattb@denverwestip.info
Contact Us link


10:29 AM GMT  |  Read comments(0)

September 16

Service you Deserve -Success you Desire
Contributed by: Matt Benore   on 9/15/2009

Service you Deserve -Success you Desire

   Just like building a new house from the ground up takes teamwork and communication from a number of different professionals, so does your financial future.
Imagine what your "financial house" would result in if your team of professionals - your insurance agent, attorney and accountant - didn't communicate and coordinate their efforts. You could potentially run a high risk of financial failure.
   This is why we at DenverWest Insurance Professionals work as a team of professionals, coordinating our efforts to provide you with the best possible service and products to meet your needs. We believe this is the best way to ensure your money is working for you in the most cost-effective manner.
   At DenverWest Insurance Professionals, we are committed to educate, inform and empower clients by delivering the most accurate and timely financial information available and providing the highest quality of products and services.
   As the client, you are guaranteed that at DenverWest Insurance Professionals, we will always be available to help you sort through the maze of choices you must make to help you establish and follow through on a strategy that's right for you.

   If you are looking for a new experience, a different way of looking at your financial & insurance needs, call or email us today. Give us a Try today!

www.denverwestip.info
mattb@denverwestip.info
888-425-4466 ext 225
cell 720-472-2733



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September 08

Snyopsis , by page, of the OBAMACARE Bill
Snyopsis , by page, of the OBAMACARE Bill
Contributed by: Matt Benore   on 9/8/2009

I thought this would be a nice summary for everyone to review so you can get a handle on the Health Care Plan. Even though there are changes to it since this was drafted, this is very disturbing and I hope this will add some clarity to the direction which is being pushed.

If you need to have your health insurance needs looked at, do not hesitate to contact Matt Benore. Email at: mattb@benefitsblvd.com.

BELOW IS THE DETAILED ANALYSIS OF THE 1000 PAGE HEALTH CARE PLAN BY MAT STAVER, DEAN OF LIBERTY UNIVERSITY SCHOOL OF LAW:

Obama Health Care Plan Details

HR 3200 currently under consideration in the House of Representatives

*HC = "Health Care"

Pg 22 of the HC Bill MANDATES the Government will audit the books of ALL EMPLOYERS that self insure!!

Pg 29 lines 4-16 in the HC Bill - YOUR HEALTH CARE IS RATIONED!!!

Pg 30 Sec 123 of HC Bill - THERE WILL BE A GOVERNMENT COMMITTEE that decides what treatments/benefits you get

Pg 42 of HC Bill - The Health Choices Commissioner will choose your benefits for you. You have no choice!

Pg 50 Section 152 in HC Bill - HC will be provided to ALL non-U.S. citizens, illegal or otherwise

Pg 58 HC Bill - Government will have real-time access to individual's finances and a National ID Health Care Card will be issued!

Pg 59 HC Bill lines 21-24 Government will have direct access to your banks accounts for electronic funds transfer.

Pg 65 Sec 164 is a payoff subsidized plan for retirees and their families in unions and community organizations (ACORN).

Pg 72 Lines 8-14 Government is creating a Health Care Exchange to bring private health care plans under government control.

Pg 84 Sec 203 HC Bill - Government mandates ALL benefit packages for private health care plans in the Exchange

Pg 85 Line 7 HC Bill - Specs for of Benefit Levels for Plans = The government will ration your health care!

Pg 91 Lines 4-7 HC Bill - Government mandates linguistic appropriate services.

Pg 95 HC Bill Lines 8-18 The government will use groups i.e., ACORN & AmeriCorps to sign up individuals for government Health Care Plan

Pg 85 Line 7 HC Bill - Specs of Ben Levels 4 Plans. #AARP members - Your health care WILL be rationed

Pg 102 Lines 12-18 HC Bill - Medicaid Eligible Individual will be automatically enrolled in Medicaid. No choice.

Pg 124 lines 24-25 HC No company can sue the government on price fixing. No "judicial review" against this government monopoly.

Pg 127 Lines 1-16 HC Bill - Doctors/ #AMA - The government will tell YOU what you can make.

Pg 145 Line 15-17 An employer MUST auto enroll employees into public option plan. NO CHOICE

Pg 126 Lines 22-25 Employers MUST pay for health care for part-time employees AND their families.

Pg 149 Lines 16-24 ANY Employer w/ payroll 400k and above who does not prov. pub opt. pays 8% tax on all payroll

Pg 150 Lines 9-13 Businesses with payroll between 251k and 400k who do not provide public opt pays 2-6% tax on all payroll

Pg 167 Lines 18-23 ANY individual who doesn't have acceptable health care according to government will be taxed 2.5% of income.

Pg 170 Lines 1-3 Any NONRESIDENT Alien is exempt from individual taxes (Americans will pay).

Pg 195 Officers & employees of HC Administration (GOVT) will have access to ALL Americans' financial and personal records.

Pg 203 Line 14-15 HC - "The tax imposed under this section shall not be treated as tax." Yes, it says that.

Pg 239 Line 14-24 HC Bill Government will reduce physician services for Medicaid. Seniors, low income, poor affected.

Pg 241 Line 6-8 HC Bill - Doctors, it does not matter what specialty you have, you'll all be paid the same.

Pg 253 Line 10-18 Government sets value of doctors' time, prof judg, etc. Literally value of humans.

Pg 265 Sec 1131Government mandates and controls productivity for private health care industries.

Pg 268 Sec 1141 Federal Government regulates rental and purchase of power-driven wheelchairs.

Pg 272 SEC. 1145. Treatment of certain cancer hospitals - Cancer patients - welcome to rationing!

Page 280 Sec 1151 The government will penalize hospitals for what government deems preventable readmissions. (Incentives for hospital to not treat and release.)

Pg 298 Lines 9-11 Doctors that treat a patient during initial admission that results in a readmission-Government will penalize you.

Pg 317 L 13-20 PROHIBITION on ownership/investment. Government tells Doctors what/how much they can own.

Pg 317-318 lines 21-25, 1-3 PROHIBITION on expansion- Government is mandating hospitals cannot expand.

pg 321 2-13 Hospitals have opportunity to apply for exception, BUT community input required. Can you say ACORN?!!

Pg335 L 16-25 Pg 336-339 - Government mandates establishment of outcome based measures. Health Care the way they want. Rationing.

Pg 341 Lines 3-9 Government has authority to disqualify Medicare Advantage Plans (Part B), HMOs, etc. Forcing people into Government plan.

Pg 354 Sec 1177 - Government will RESTRICT enrollment of special needs people!

Pg 379 Sec 1191 Government creates more bureaucracy - Tele-health Advisory Committee. Health care by phone/Internet?

Pg 425 Lines 4-12 Government mandates Advance [Death] Care Planning Consultion. Think Senior Citizens end of life.

Pg 425 Lines 17-19 Government will instruct and consult regarding living wills, durable powers of attorney. Mandatory!

Pg 425 Lines 22-25, 426 Lines 1-3 Government provides approved list of end of life resources, guiding you in death.

Pg 427 Lines 15-24 Government mandates program for orders for end of life. The government has a say in how your life ends.

Pg 429 Lines 1-9 An "advanced care planning consult" will be used frequently as patient's health deteriorates.

Pg 429 Lines 10-12 " advanced care consultation" may include an ORDER for end of life plans. AN ORDER from Government.

Pg 429 Lines 13-25 - The government will specify which doctors can write an end of life order.

PG 430 Lines 11-15 The government will decide what level of treatment you will have at end of life.

Pg 469 - Community Based Home Medical Services=Non-profit orgs. Hello, ACORN Medical Services here!!?

Pg 472 Lines 14-17 PAYMENT TO COMMUNITY-BASED ORG. 1 monthly payment to a community-based org. Like ACORN?

Pg 489 Sec 1308 The government will cover Marriage and Family therapy. They will insert government into your marriage.

Pg 494-498 Government will cover Mental Health Services including defining, creating, rationing those services.

PG 502 Sec 1181 Center for Comparative Effectiveness Research Established - Hello Big Brother - Literally.

Pg 503 Lines 13-19 Government will build registries and data networks from YOUR electronic medical records.

Pg 503 lines 21-25 Government may secure data directly from any department or agency of the U.S. who have any of your data.

Pg 504 Lines 6-10 The "Center" will collect data both published and unpublished (that means public and your private info).

PG 506 Lines 19-21 The Center will recommend policies that would allow for public access of data.

PG 518 Lines 21-25 The Commission will have input from Health Care consumer reps - Can you say unions and ACORN?

PG 524 18-22 Comparative Effectiveness Research Trust Fund set up. More taxes for ALL.

PG 621 Lines 20-25 Government will define what quality means in health care. Since when does government know about quality?

Pg 622 Lines 2-9 To pay for the Quality Standards, government will transfer money from other government Trust Funds. More Taxes.

PG 624 "Quality" measures shall be designed to assess outcomes and functional status of patients.

PG 624 "Quality" measures shall be designed to profile you including race, age, gender, place of residence, etc.

Pg 628 Sec 1443 Government will give "Multi-Stake Holders" Pre-Rule Making input into Selection of "Quality" Measures.

Pg 630 9-24/631 1-9 Those multi-stake holder groups include unions and groups like ACORN deciding health care quality.

Pg 632 Lines 14-25 The Government may implement any "Quality measure" of health care services as they see fit.

PG 633 14-25/ 634 1-9 The Secretary may issue non-endorsed "Quality Measures" for Physician Services and Dialysis Services.

Pg 635 to 653 Physicians Payments Sunshine Provision - Government wants to shine sunlight on doctor but not government.

Pg 654-659 Public Reporting on Health Care-Associated Infections - Looks okay.

PG 660-671 Doctors in Residency - Government will tell you where your residency will be, thus where you'll live.

Pg 676-686 Government will regulate hospitals in EVERY aspect of residency programs, including teaching hospitals.

Pg 686-700 Increased Funding to Fight Waste, Fraud, and Abuse. Do they mean like the government with an $18 million website?

PGs 701-704 Sec 1619 If your part of health care plan isn't in Government Health Care Exchange but you qualify for Federal aid, no payment.

PG 705-709 SEC. 1128 If Secretary gets complaints (ACORN) on health care provider or supplier, government can do background check.

PG 711 Lines 8-14 The Secretary has broad powers to deny health care providers/ suppliers admittance into Health Care Exchange. Your doctor could be thrown out of business.

Pg 719-720 Sec 1637 ANY Doctor who orders durable medical equipment or home medical services MUST be enrolled in Medicare.

PG 722 Sec 1639 Government MANDATES doctors must have face-to-face with patient to certify patient for Home Health Services.

PG 724 23-25 PG 725 1-5 The same government certifications will apply to Medicaid and CHIP (your kids).

PG 724 Lines 16-22 Government reserves right to apply face-to-face certification for patient to ANY other health care service.

Pg 735 lines 16-25 For law enforcement, proposes the Secretary-HHS will give Attorney General access to ALL data.

PG 740-757 Government sets guidelines for subsidizing the uninsured (That's your tax dollars people).

Pg 757-762 Federal Government will shift burden of payments to Disproportionate Share Hospitals (DSH) to States. (Taxes)

Pg 763 1-8 No DS/EA hospitals will be paid unless they provide services without regard to national origin.

Pg 765 Sec 1711 Government will require Preventative Services including vaccines. (Choice?)

Pg 768 Sec 1713 Government - Nurse Home Visitation Services (Hello union paybacks).

Pg 769 11-14 Nurse Home Visit Services include economic self-sufficiency, employ adv, school-readiness.

Pg 769 3-5 Nurse Home Visit Services - "increasing birth intervals between pregnancies." Government ABORTIONS anyone?

Pg 770 SEC 1714 Federal Government mandates eligibility for State Family Planning Services. Abortion and State Sovereignty.

Pg 789-797 Government will set, mandate drug prices, controlling which drugs brought to market. Bye innovation.

Pgs 797-800 SEC. 1744 PAYMENTS for graduate medical education. The government will now control doctors' educations.

PG 801 Sec 1751 The government will decide which health care conditions will be paid. Can you say RATION!

Pg 810 SEC. 1759. Billing Agents, clearinghouses, etc. req. to register. Government takes over private payment system.

Pg 820-824 Sec 1801 Government will identify individuals ineligible for subsidies. Will access all personal financial information.

Pg 824-829 SEC. 1802. Government sets up Comparative Effectiveness Research Trust Fund. Another tax black hole.

PG 829-833 Government will impose a fee on ALL private health insurance plans including self-insured to pay for Trust Fund!

PG 835 11-13 fees imposed by government for Trust Fund shall be treated as if they were taxes.

Pg 838-840 Government will design and implement Home Visitation Program for families with young kids and families expecting kids.

PG 844-845 This Home Visitation Program includes government coming into your house and telling you how to parent!!!

Pg 859 Government will establish a Public Health Fund at a cost of $88,800,000,000. Yes that's billion.

Pg 865 The government will MANDATE the establishment of a National Health Service Corps.

PG 865 to 876 The NHS Corps is a program where doctors perform mandatory health care for two years for part loan repayment.

PG 876-892 The government takes over the education of our medical students and doctors.

PG 898 The government will establish a Public Health Workforce Corps to ensure supply of public health prof.

PG 898 The Public Health Workforce Corps shall consist of civilian employees of the U.S. as Secretary deems.

PG 898 The Public Health Workforce Corps shall consist of officers of Regular and Reserve Corps of Service.

PG 900 The Public Health Workforce Corps includes veterinarians.

PG 901 The Public Health Workforce Corps WILL include commissioned Regular and Reserve Officers. HC Draft?

PG 910 The government will develop, build, and run Public Health Training Centers.

PG 913-914 Government starts a health care affirmative action program thru guise of diversity scholarships.

PG 915 SEC. 2251. Government MANDDATES Cultural and linguistic competency training for health care professionals.

Pg 932 The Government will establish Preventative and Wellness Trust fund- initial cost of $30,800,000,000 billion.

PG 935 21-22 Government will identify specific goals & objectives for prevention & wellness activities. That means controlling YOU!!

PG 936 Government will develop "Healthy People and National Public Health Performance Standards" Tell me what to eat?

PG 942 Lines 22-25 More government? Offices of Surgeon General -Public Health Svc, Minority Health, Women's Health

PG 950- 980 BIG GOVERNMENT core pub health infrastructure including workforce capacity, lab systems, health info sys, etc.

PG 993 Government will establish school based health clinics. Your kids won't have a chance.

PG 994 School Based Health Clinic will be integrated into the school environment. Say government brainwash!

PG 1001 The government will establish a National Medical Device Registry. Will you be tracked?

Mathew D. Staver*
Founder and Chairman Dean and Professor of Law
Liberty Counsel Liberty University School of Law

Offices in Florida, Virginia and the District of Columbia, Lynchburg, Virginia
(800) 671-1776 - Telephone (434) 592-5300 - Telephone

www.LC.org
www.law.liberty.edu

*Licensed in Florida and the District of Columbia


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September 07

The Swing
The Swing
Contributed by: Matt Benore   on 9/7/2009

Are you ready? Ready for Life Insurance Rates to go up?

For the last several years, life insurance rates have been falling. This was due to many factors including; we are living longer, our mortality has increased & rates of return on the money companies were investing was also very strong.

Well, guess what? Those rates of returns are not strong therefore, Life Insurance rates are going up. Effective January 2010, companies will be increasing rates from starting at 8%. Some companies have already increased rates, up to 50%.

The moral of this blog: now is the time to review your insurance needs. Sure you can wait, but you better understand that you will be paying more for the same coverage you can get locked into today. Now you might be asking yourself what life insurance products are going to be effected by this increase; all of them, permanent to term, Universal Life to Whole Life, from Term to Return of Premium Term.

The last question you might ask yourself, "why should i trust this guy writing this information"? The simple answer is as a Professional working in the financial services industry, I have a responsibility to stay on top of the changes that are happening. And believe me when I say, there are several changes in the works. As a Professional, it is my job to show you the most cost effective options you have available which can meet the goals you and your family have. Since I am connected to several insurance companies, and within the industry, I see the trends coming our way.

DenverWest Insurance Professionals, Inc. has been around since 1996 serving not only the Denver Metropolitan area, but also working and supporting agents across the U.S. We would like the opportunity to review your life insurance. We would like to show you have we work, making sure all your Professionals talk to each other.

Please call us today at 888-425-4466, ext 225. Matt Benore, President of DenverWest Insurance Professionals, Inc. Office Headquarters in Wheat Ridge, Colorado. Website: www.denverwestip.info.

We look forward to working with you today.


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August 26

Cost Effectiveness Defined
Cost Effectiveness Defined
Contributed by: Matt Benore   on 8/26/2009

Cost Effective..... what is the first thought that comes to mind as you think about your Financial & Insurance needs?

For most people, the first thought is the least expensive, along with the strongest benefit. Take Life Insurance for example: right now families, business's and individuals are evaluating this need. Many are saying they just want to get a term policy (life insurance coverage for a period of time commonly being 10-15-20-25-30 years). This is truly the least expensive of all Life Insurance.

Now, consider, if you were able to pay on average, 25% more in cost for the same term, but at the end of the term, you received back, 100% of your premium paid, were able to have other options like extending the term without paying any additional premium, having a paid up policy, etc. Wouldn't this be more Cost Effective to you?

When looking at your needs, it is easy to get caught up in least expensive however in the end, your out of pocket cost can end up being more than what you would have desired. Granted, there are situations and times, when the least expense does make sense, I do not disagree with this at all.

When clients ask me what makes DenverWest Insurance Professionals, Inc. stand out from other brokers, I respond first with our philosophy: Service you Deserve, Success you Desire. Having a relationship with us means looking at the big picture not just focusing on the immediate needs. Thus, we like to work like this: we look at your short term needs, long term goals and all of your insurance's and Financial assets. It is critical that all your professionals work together.    Are yours?

This blog was written for the sole purpose of explaining Cost Effectiveness and helping you to understand how your professionals should work together. If you would like more information, please do not hesitate to contact us:



Matt Benore, President
303-425-4466 * 888-425-4466
email: mattb@denverwestip.info
www.denverwestip.info


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June 29

Pension Survivorship
Pension Survivorship
Pension Survivorship
Provided by: Matt Benore

Contributed by: Matt Benore   on 6/29/2009

An Broker of mine recently presented a situation to me regarding a Pension asking the question of, "when I die, it does not look like my spouse will have enough money to survive. I do not know what my options are." The individual in question is 52 years of age, female, very healthy.

The answer was simple: through analysis, this couple wanted to make sure there was a minimum of $4800 per month for 25 years after death of the breadwinner, the one which the pension is being paid to.

The design was using Life Insurance. Working backwards, determining $4800 per month for 25 years, we determined a life insurance policy of $1,019,223 would be needed. In the end, a total of $1,440,000 would be paid out. The total cost is $1,808 per month.

We presented another option with $100k lump sum paid initially, and $4800 paid monthly. The total death benefit is $1,119,223 with $1,540,000 paid out over 25 years. The premium is $1,983 per month.

This is one of many ways that life insurance can support benefits that are going to be paid to survivors. If the survivor was to pass before the benefits are paid out, the remaining benefit is paid to the designated beneficiary(s).

**A portion of each monthly payment and the final lump sum (if applicable) will be reported as taxable income to the
beneficiary, based on our understanding of current federal income tax law. We anticipate 29.20% reportable. We do not
offer tax advice. We do recommend that you consult a tax advisor on tax related issues.
Prior to the Insured's death, the policyowner may cancel the endorsement or adjust the payout schedule. Changes made
to the payout schedule may not result in an increase of the policy face amount or a policy face reduction below the
minimum face requirement of the plan. The beneficiary may not alter this endorsement as set by the policyowner.

If you are interested in looking at options for you and your family, do not hesitate to contact us at 303-425-4466 or 888-425-4466 ext. 225. Ask for Matt Benore.

www.denverwestip.info
mattb@benefitsblvd.com


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April 26

Estate Planning, Part IV "Transferring Assets"
Contributed by: Matt Benore   on 4/26/2009

There may come a point which your Estate has grown over the years, with Real Estate concerns, gifting to family members, investment concerns, etc. which if not planned correctly, can transfer a burden to your heirs. Part IV of this series gives you a direction to take to be sure your Estate is properly taken care of.

Do you want to give anything to charity?

How do you wish to be remembered?

Has your will and trust been updated or reviewed recently?

Will your estate have sufficient liquidity to pay all costs?

Do you have any special bequests for grandchildren?
-----------------------------------------------------------------------------
Consider this:

Insurance - Review liquidity for transfer tax, Review long-term-care needs, Provide for supplemental health coverage.

Investment - Review investment strategy and asset allocation for new risk tolerance?

Retirement - Set up retirement income distribution plan, Covert excess retirement income to transferable assets.

Estate - Implement business-transfer plan, Implement gifting program, Review advanced estate planning, Implement charitable planning.

This is part 4 of a 4 part blog talking about Estate Planning. In light of our new Administration, changing tax laws, and how these will affect your family, it is more important now than ever to make sure your taking the right steps in designing your Estate Plan.

If you would like more information, do not hesitate to contact Matt Benore, DenverWest Insurance Professionals at 303-425-4466, x225 or email at mattb@benefitsblvd.com.

www.denverwestip.info


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