The Cost of Raising a Child AKA Why You Need Life Insurance

The post The Cost of Raising a Child AKA Why You Need Life Insurance was first published at www.lifehappens.org

Each year the government (the USDA to be exact) publishes how much it costs to raise a child to 18. The number is staggering. It’s more money than most of us can imagine coming up with, which is why life insurance is so important. You can cover that sum—$233,610—for a modest monthly premium. A healthy 30-year-old, for example, can get $250,000 of term life insurance coverage for 20 years for about $13 a month. That is a small price to pay for both peace of mind, and having your child be OK financially if something were to happen to you.
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Get a Life Insurance Quote in Camdenton MO

If you live in the Camdenton area and would like a life insurance quote contact Camdenton MO Insurance Agent Ashley Swegle at (573) 317-4535

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Dam at Lake of the Ozarks to receive $52-million structural upgrades

Bagnell Dam, the hydroelectric dam that created Lake of the Ozarks from the Osage River, will receive structural upgrades starting this spring, Ameren Missouri announced Tuesday.

The structure will be outfitted with 68 new anchors to hold it into the bedrock, while new concrete will also be added to the downstream side of dam, including an overlay to replace “worn and cracked concrete” on its eastern and western sections.

“Adding more than 66 million pounds of new concrete along with the new anchors pulls the dam down towards bedrock, which is what holds back the incredible force and pressure of nearly 100 feet of water,” said Warren Witt, the utility’s director of hydro operations, in a news release. “Combining these new anchors and additional concrete achieves the best result in the most cost-effective way possible.”

The $52-million construction project will begin in March and is expected to last 18 months. Witt said construction would be scheduled for weekdays, in consideration of lake residents.

See the original article here

Ashley Swegle Agency, Representing American National

155 US-54

Camdenton, MO 65020

(573) 317-4535

Major League Fishing at Lake of the Ozarks

The article Major League Fishing at Lake of the Ozarks was first published here
The Lake of the Ozarks Area Business District of Camden County (TCLA) along with Bassin’ Bob Bueltmann and Bob Renken at Old Kinderhook, sponsored the number one television show on the Outdoor Channel, Major League Fishing.
The Lake of the Ozarks hosted 24 of the nation’s top professional anglers this past June 6th thru June 10th, 2016. In addition to the national television coverage of the outstanding fishing at the Lake of the Ozarks, several of the top pros filmed destination promotional spots, covering some of the Lake’s features and attractions. While we can’t say who won, we can say there was a record number of pounds caught during the event. It couldn’t have been better timing on the filming of the show, as the fishing was outstanding. Millions of viewers will witness what we all know, that the Lake of the Ozarks is truly one of the top fisheries in the country.
The Outdoor Channel has begun airing the Lake of the Ozarks episodes. The first episode aired last Saturday, December 31st, 2016. They will run this episode again on Friday, January 6, 2017, at 8:00 a.m. The remaining episodes will air each Saturday at 1:00 p.m., with the last episode airing on Saturday, February 4, 2017. If you miss an episode on one of the upcoming Saturdays, they replay them on Sundays at 3:00 p.m. or Fridays at 8:00 a.m.
Ashley Swegle Agency, Representing American National
155 US-54
Camdenton, MO 65020
(573) 317-4535
www.ashleyswegleagency.com
https://plus.google.com/100815304857071414282/about

Do You Really Need 10x Your Salary in Life Insurance?

The article Do You Really Need 10x Your Salary in Life Insurance? was first published here.

If you’ve spent time looking at information about choosing the
right amount of life insurance, you’ll have found some fairly standard
answers, but also a lot of ambiguity. That’s because the amount of life
insurance a person needs varies on a case-by-case basis. Still, just
like with other kinds of financial management, industry experts have
weighed in on what they feel is best for the average consumer.
One of these rules of thumb is taking out life insurance coverage
equal to five to 10 times your salary. To many of us, that sounds like a
lot of money. It’s only when you get into the details of figuring out
how people use money over time that you realize that five to 10 times
salary can actually be a pretty conservative estimate.
Here are some of the considerations you’ll want to think about and take into account:

When you get into the details … you realize that five to 10 times salary can actually be a pretty conservative estimate.

1. Replacing salary in the home. One of the most
basic ideas about life insurance is that you need enough to last a
certain number of years, when your salary won’t be coming in. This
involves calculating a person’s “time to retirement” and how much money
they are projected to earn in the next five, 10, 15, 20 or more years.
Another way to put this is that you can try to figure out how much
the household will have to deal with in terms of expenses each year, and
multiply that by the number of years you’ll need coverage for. This is a
fairly straightforward way of doing life insurance calculations.
For a working idea of your life insurance needs based on some straightforward inputs, trying using this easy Life Insurance Needs Calculator.
2. Living on interest.
There’s another interesting idea that a lot of experts have put out
there: The idea that with a large enough death benefit (what the policy
pays out), a family would be able to live on the interest for a long
time.

Take a death benefit of an even $1 million. Using a very simple
calculation, you’ll find that at a 5% interest rate, that $1 million
dollars would generate $50,000 per year. Then take a look at your
current stock market, trust fund and investment fund opportunities, and
see whether you can get something close to 5%.
After adjusting for market circumstances, you can figure out how your
household might achieve capital gains on the proceeds of a life
insurance policy that’s roughly even with the projected salary.
3. Age of dependents. Another major issue is the age
of dependents in your household. For example, if your two kids are 15
and 17 years old, you may only want a few years of coverage. On the
other hand, parents with new babies and toddlers will want policies that
provide for a much longer time.
All this is to suggest that when it comes to life insurance, you may
need more than you think you do. Plus with the low cost of premiums for
most life insurance policies, it makes sense to get an amount that’s
really going to pay off if it’s needed. After all, that’s just what this
is—insurance.
If you have any doubts, talk with qualified insurance agent or advisor to figure out how to get the coverage you need at prices you can afford. And that chat won’t cost you a dime.

If you are in need of an insurance agent in Osage Beach MO contact Ashley Swegle in Camdenton.

Ashley Swegle Agency, Representing American National
155 US-54
Camdenton, MO 65020
(573) 317-4535
www.ashleyswegleagency.com
https://plus.google.com/100815304857071414282/about

Why Do Some Return Home to the Farm?

The post Why Do Some Return Home to the Farm? was first published Here

Small communities across the United State are facing an epidemic of population loss year after year. Since 1950 nearly half of today’s rural counties have lost more people than they have gained, leaving population levels lower and lower each decade. Communities suffering population decreases are faced with fewer workers, declining revenues, and aging residents.

But amidst these losses, some people decide to return home to the rural communities where they grew up. The question is, ‘why do some people decide to return home, while so many others leave’?’.

A recent study by the USDA Economic Research Service tries to answer this very question by studying young Americans, ages 20 to 30, who had returned to the rural communities where they grew up. Researchers John Cromartie, Christiane von Reichert, and student Ryan Arthun attended high school reunions in rural communities and interviewed the attendees to figure out who was returning home, who was not, and the reasons why. They found that family ties, outdoor recreation opportunities, and participation in school sports for their children were three motivating factors for moving back home into rural communities.

The results of this study and others like it are important to help planners and decision makers in rural areas better understand what qualities make their communities attractive to current and past residents.

Returning residents are likely to create more jobs, slow population loss, and boost human, social, and financial capital. The focus of this research was to examine geographically isolated areas unlikely to attract newcomers and who are dependent on returning migrants such as high school graduates that went to college, joined the military, or moved away for a period of time. The researchers inquired about reasons for people staying, returning later, or not returning at all to their rural communities after high school.

Family played a big part in the decision to move home. Some had family still in the area and were moving back to be closer and some moved back because they wanted to raise their own families in the same community where they grew up. Nearly all the interviewees that returned home had parents still in the area, however if parents no longer lived in the community the allure to move back vanished. In some cases, there were family businesses to take over for aging parents or relatives.

Some preferred the familiarity and slower pace of life in rural communities giving them reason enough to return. The geographical closeness of rural communities means shorter trips to work, shopping, and visiting relatives. Rural communities can offer things that a large city cannot. Opportunities for parents to provide experiences not otherwise found in urban areas was a motivator as well. Some returnees valued outdoor recreation like fishing and hunting.A drawback heard from those not returning home was the fact that moving back would mean lower wages and limited career options. For some this was not something they were willing to give up for the rural lifestyle they grew up in. One interviewee summed it up simply, “You have to want to live here. This must be the kind of lifestyle you want.” This could be a deciding factor when bigger cities can offer greater career advancement and higher salaries for some.

Returning home to rural communities means adding to the population and raising the average education level which are important objectives for many declining areas in the United States. The research shows that the choice to move back to rural communities is often based on social relationships that promote local engagement. Recognized as a right of passage to some, leaving home after high school can be a necessary step for an individual. However, returning home to rural communities can benefit young adults, their families. and the communities themselves.

– See more at: http://www.farmandranchjobs.com/journal/why-return-home-to-the-farm/#sthash.sVg4e9QP.dpuf

Contact Ashley Swegle Agency, Representing American National in Camdenton MO for all of your insurance needs.

Ashley Swegle Agency, Representing American National
155 US-54
Camdenton, MO 65020
(573) 317-4535

Do You Have The Right Auto Insurance For Your Needs?

https://i2.wp.com/i.imgur.com/RBd9LiT.pngIncrease Your Knowledge Of Auto Insurance With These Tips

On almost every television show you watch, you will see at least one advertisement for auto insurance. Every paper or magazine you read will also have the same thing. Auto insurance is important for every driver, and this article will help you out by giving you the best tips you can find.

Before you lock yourself into any insurance policy, make sure that you have the financial means to cover it. If you happen to let your insurance lapse, you might end up paying a whole lot more to receive coverage again. Having the financial means to cover your policy for the duration is important.

Using the internet to find the best possible auto insurance is a fast and convenient tool to finding the right policy for you. There are many car insurance websites that offer free quotes and will compare prices with all competitors. Comparing prices and discounts is a great way to purchase the best policy for you at the best price. Just take your time and do your homework.

To ensure your claims will be dealt with quickly, choose top rated insurance companies only. Unknown insurance companies may offer low rates and may seem like a good deal in the short run, but if they try to avoid paying your claims, they can cost you in the long run. Research insurance companies and be sure to select one with a good record.

A great tip for getting affordable auto insurance is to consider limiting the amount of your comprehensive coverage if your car is not worth much. This type of coverage pays for damage to your vehicle besides an accident. Examples of this include theft and natural disasters. Consider the value of your vehicle and make the decision you think is right.

If you are looking for cheaper auto insurance, get good grades in school if you are under the age of 25. Insurance is often more expensive for young people, but you may be eligible for a discount if you get B grades or better. Students who are responsible enough to get good grades are thought to be less of a risk on the road.

If you need auto insurance make sure that you go and get more than one quote. The insurance industry varies widely in quotes so do not just go to one company for an insurance estimate. At least go to three as a minimum to ensure that your quotes are in line with each other.

Great Tips For Making An Auto Insurance Decision

Knowing what coverage you have with car insurance can help you to understand what exactly you’re paying for. Things like collision coverage can cover damages to your car but only up to its book value. This kind of insurance carries a deductible. Your premium will be higher if you choose a low deductible.

You need to know what different kinds of coverage are offered with an auto insurance policy. Do you know what bodily injury liability coverage is? This kind of coverage covers any injury or death claims against you, along with the legal costs, if your car injures or kills another person.

Make sure to compare insurance rates with many companies. Contacting only one company or agent to get pricing, and signing up right then, is never a good idea. You may be short on time, but you will more than likely lose out on more affordable insurance elsewhere. Sometimes, that savings can add up to quite a bit of money.

Although it is true that finding insurance can be tricky, it is not impossible! Use the tips provided in this article to help you make the right decisions regarding auto insurance. Remember, knowledge is your best line of defense in getting a good deal.

Source: Do You Have The Right Auto Insurance For Your Needs?