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Redmond Life and Financial Consulting

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Claimed • Community , Funerals & Memorials , Legal & Financial

347-465-9301

www.facebook.com/redmondconsulting

720 Lenox Avenue NEW YORK, NY 10039

About Redmond Life and Financial Consulting

I am a Financial Planner and the services I offer will save money on taxes, help employee’s, protect your assets, your families future and I will help you plan for your children's college education. Below is an overview of the services offered:

Group Term in...surance for employee’s for $50,000 of coverage or more. With this plan you can save up to 40% on your annual taxes as per Section 79 of the IRS Tax Code.

Lifetime Retirement Income allows an income of $12,000 or more upon retirement in addition to pension, Social Security and any other qualified plans for life and it is tax free.

Accelerated benefits riders include Long Term Care, Terminal Illness and Critical Illness at no extra cost.

College funding of $20,000 or more, Tax Free, and the ability to schedule an income for the child to receive when they reach college age. This will entitle them to get adjusted to college life and have a steady income they can use.

If any of these services interest you I will be happy to do a 30 minute, free, no obligation consultation.

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What is my reason for being an agent

A True Story

When I obtained my Life Insurance License my goal was to help those who really needed the protection insurance offers when a loved one passes away. There was a dear friend of the family who was diagnosed with Sarcoidosis when she was 47. This is a disease that causes inflammation in the organs. Her lungs were attacked by the disease and she could not breathe without oxygen. As the illness progressed she became concerned for her son and how he would be able to bury her when she passed. She also wanted to make sure he had a little money to take care of himself.

When she applied for life insurance she was declined because her illness was listed as a Lung Disease. When I sat down with her I explained it was possible the company I worked for would say the same thing and if they didn’t she would pay a high premium. She didn’t care about the money it was about making sure her family wouldn’t be burdened when she passed. The company approved her application and she received a small policy.

Denise finally succumbed to Sarcoidosis in February of this year at the age of 56. The policy was enough to cover her funeral expenses and leave her son with some money to live on until he could find a job.
Although I will miss her dearly, I feel comfort in knowing that I was able to obtain insurance for her and grant her last wish. Although this is a sad story it is a success story for me because I was willing to try and I succeeded in allowing her to pass in peace knowing she wasn’t a burden to others.

—Marci Redmond
Sincere and Compassionate
Life Insurance Agent and Financial Adviser
347-465-9301

A True StoryWhen I obtained my Life Insurance License my goal was to help those who really needed the protection insurance offers when a loved one passes away. There was a dear friend of the family who was diagnosed with Sarcoidosis when she was 47. This ... Read More

May 13, 2014

why is life insurance so important

This is a question that is asked of me when I ask people what type of life insurance they have. The most popular answer is “I don’t know”.

Then when I ask how much insurance they have, the answer is “I’m not sure”.

Then I ask is it Term or Whole Life? The answer is “What’s the difference between the two?”

Although there are a lot of insurance products out there the difference is basic and very simple. Term (Temporary) Insurance is only for a term or a specific amount of time. There are various types of Term insurance such as:

Annual Renewable Term (ART) - This policy increases your premium every year but the face value remains the same. For instance, the first year the premium might be $25 for $300,000. The second year, the premium is increased to $35 for the same amount and the premium continues to increase every year.
Level Term - This policy has a level premium throughout the entire length of the policy. For example: Premium from year 1 through year 10 is $25 for $300,000.

The upside to Term Life is that you have coverage in the event of a tragedy; you can use it to cover your assets such as a house or business, and the premiums are more affordable for some. You can also convert it to a Whole life policy if you have had it for some time. One of the downsides is your premium will increase once your term is over because your age has increased. I find that many people are unaware of this information.

Since there are a lot of Whole Life (Permanent) Insurances out there as well I will keep this basic.

There are quite a few uses for Whole life insurance: you will pay the same premium for the rest of your life.
Some companies allow you to pay for 5, 10, 15, or 20 years and the policy is paid up for the rest of your life.
Whole life policies accumulate cash value which you can use to borrow for any reason or receive dividends. Quite a few people have used Whole Life policies to help them pay for their children’s college education. The company I work for allows you to collect a retirement income as well.

I advise people in some cases to have both. Term insurance to cover the house and business assets. Whole life insurance to cover the family and the children. In my personal experience you can never have too much life insurance.

It is always good to know what kind of insurance you have, so you and your family know what the options are should something happen to you or your spouse.

Marci Redmond
Compassionate Advisor&Agent
Redmond Life and Financial Consulting

TRUE STORY

I spoke to a woman who had just lost her husband to a heart attack and I asked her what kind of insurance they had. She told me she had asked her husband before he passed if they have insurance and he said they were insured, the premiums were paid and there was nothing to worry about. She never asked about it again.

When he passed away, she called the insurance company to put in a claim. The insurance company told her he had purchased accident insurance and since he had died from a heart attack they would not pay on the claim.

Please know what type of insurance you have. It could save your family a lot of grief in the future.

CALL MARCI TODAY

for a cost free, obligation free consultation.

347-465-9301

When?

Before it's too late!

May 13, 2014

Top 3 Excuses not to have life insurance

The number 1 reason: I can’t afford it. I ask people these simple questions: Do you have insurance on your car? Your house? Your phone? I always get a YES. My next question is “what happens if you get sick or die will those insurances continue to pay for themselves?” The answer is always NO. “So what you’re saying is that all of those material items are worth more than you.” That’s when it hits them.		I’m not leaving money for my family to get rich from. Life insurance is important. It protects you while you are alive by allowing you to borrow money to help pay medical bills, put kids through college, plan for your retirement, and take care of arrangements before you die. It is also important when you die because it helps your family to pay the expense of a burial, pay bills you may have left behind, pay for kids' college education, and keep the roof over their heads while they grieve their loss.		I’m young, I don’t need it. Consider the problems we face today: becoming ill at an early age, living longer, or dying too soon. We are in a world where children are being killed before they can walk, people are outliving their retirement money and have to work longer just to pay the bills, and everyday there is a new life threatening illness being born that affects young and old alike. Life insurance is important to protect you and your family in case of a death or illness. This is the only product in the world you can’t get if you need it.
	LEARN MORE		CONTACT MARCI		347-465-9301

Redmond Life and Financial Consulting

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