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How You and Your Family Can Use Life Insurance

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Life insurance is not a sexy topic…people don’t like to talk about their future death, nor do they typically consider it a financial priority until after having kids or later on in life, if at all. In fact, according to recent studies, most individuals in the “millennials” category assume that they don’t actually need life insurance, and even if they did, they simply will not be able to qualify for or afford it. While this couldn’t be further from the truth, it is important to first address why you need life insurance to begin with. Beyond covering funeral expenses, many may not even know all the ways life insurance can be beneficial to their families, businesses, and anything else they would leave behind. Once you see all the ways you could be benefitting from a life insurance policy, it’ll make the process and the cost well worth it.

Here are 10 practical ways your family can use the benefits of life insurance:

  1. Cover your final expenses

This one is obvious. After your death, there will be several immediate costs for your family to cover, such as funeral and burial expenses, credit card debts, or even any remaining loans you may have. The windfall of a death benefit from a life insurance policy can be just what they need so that these costs don’t become a burden.

  1. Pay a mortgage

Bills don’t go away…make sure your spouse or any other remaining family can still pay the mortgage when you’re gone by buying enough life insurance coverage to at least cover payments for a few months, if not more.

  1. Make up for your lost income

Whether you’re in a single or dual-income household, if there are people that rely on your income to make ends meet, a life insurance policy could make sure that’s covered for several months or years after you die depending on the face value of the policy. This will help your beneficiaries still be able to cover their day to day expenses such as groceries, gas, child care, etc.

  1. Pay for college tuition

If you have kids who might go to college one day, a life insurance policy might be crucial to their ability to pay tuition should you die. Provide for their future now by factoring in the potential cost of continuing education (tip: calculate 10x your income, plus expected tuition costs per child. You can even use an online Life Insurance Needs Calculator to help you determine the right amount).

  1. Protect your small or growing business

If you own or partner in a small business, you can use your life insurance death benefit to protect those partnerships and provide for any potential losses due to your death. The funds from a death benefit can assist with buying business partner shares and providing stability and continuity for the businesses of young entrepreneurs should something happen to them.

  1. Provide child support or alimony if you’re divorced

A death benefit can be especially helpful for those who are divorced. Ensure your children are still cared and provided for from your side of things, and that any outstanding alimony be paid by naming the appropriate parties as beneficiaries.

  1. Provide continued care for an aging or special needs family member

If there is someone in your family with special care needs and relies on you to provide it, your death benefit can help ensure that care continues should something happen to you. Whether it’s equipping a spouse to take over your responsibilities or hiring a caretaker, the funds from a death benefit can help provide the care these loved ones will still need after you die.

  1. Estate planning

Most permanent life insurance policies have a built-in cash value feature, which can even accumulate growth based on investments and stock index performance. This extra cash value growth can be instrumental in helping clients with estate planning as they prepare to divvy up and distribute their assets.

  1. Leave a financial legacy

At the end of the day, a life insurance policy is a great way to leave your legacy behind for the next generation. The death benefit paid to your offspring, whether directly or via a trust, can not only equip them to begin or continue their own financial pursuits, but leaves them with an impactful token of remembrance dedicated to your own life and legacy.

  1. Support a charitable cause

Whether you have other beneficiaries or not, naming a charitable organization as your beneficiary is a great way to give back to the causes that matter most to you. In some cases, this may enable you to give even more than you would have by making several donations over the course of your lifetime.

Broadway

Disney Broadway In Bryant Park

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106.7 LITE FM’s Broadway in Bryant Park brought Disney to its 2024 program. The Bryant Park stage is located at 6th Avenue between 40th and 42nd Streets. Lawn seating is first come, first serve.

This weeks performances came from Aladdin‘s Michael James Scott, Sonya Balsara and Adi Roy

Frozen’s Charissa Hogeland and Chad Burris

And The Lion King’s Tshidi Manye, Jim Ferris, Jackie René, Ben Jeffrey and Gilbert Domally

The hosts were Paul ‘Cubby’ Bryant and Christine Nagy.

 

 

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Art

Live From The Hotel Edison Times Square Chronicles Presents Allison Eden

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“Live From The Hotel Edison Times Square Chronicles Presents”, is filmed from the Hotel Edison.

In this episode T2C’s publisher and owner Suzanna Bowling talks with Allison Eden. Allison is the visionary artist who is creating the look at Serendipity 3, which will be opening this year on 47th Street, in Times Square. Today, she stands as a pioneer in the design world, captivating audiences worldwide with her innovative glass and stone mosaic masterpieces.

To see Allison’s work and learn more click here.

I am so grateful to my guest Allison Eden.

We are so proud because the show and our guests are now featured on the TV screens in the lobby and the hotel rooms. We were also gifted a poster in the lobby.

Suzanna, Allison and Rommel

Thank-you Magda Katz for videoing and creating the content to go live, Rommel Gopez and The Hotel Edison for their kindness and hospitality.

We are so proud and thrilled that Variety Entertainment News just named us one of Summer’s Best Picks in the category of Best Television, Radio, PodcastsThe company we are in, has made us so humbled, grateful and motivated to continue.

The Daily Geek Report” has also named host Suzanna Bowling on the list of Most Engaging Hosts. Thank-you so much for recognizing us and thank-you Eileen Shapiro who has helped us get noticed, we are so grateful.

You can catch us on the following platforms:

Pandora:

https://www.pandora.com/podcast/live-from-the-edison-hotel-times-square-chronicles-presents/PC:1001084740

Stitcher:

https://www.stitcher.com/show/1084740

Spotify:

Amazon:

https://music.amazon.com/podcasts/e3ac5922-ada8-4868-b531-12d06e0576d3

Apple Podcasts:

https://podcasts.apple.com/us/podcast/live-from-the-edison-hotel-times-square-chronicles-presents/id1731059092

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Cabaret

Cabaret Loses The West Bank Cafe and Laurie Beechman Theatre

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The West Bank Cafe and the Laurie Beechman theatre are closing their doors in August.

The West Bank Cafe opened in 1978. The restaurant’s early clients even included the notorious Irish gang, the Westies. The neighborhood was rough. In 1980, The New York Times awarded West Bank two stars, which increased its visibility and attracted a wider range of diners. 
In this era, West Bank Cafe’s owner, Steve Olsen opened the Laurie Beechman Theatre downstairs from the Cafe, which staged plays and hosted events nightly. A young Lewis Black was named playwright-in-residence; Howard Stern aired his third-annual live birthday broadcast from the theater; and the restaurant’s regulars included Tennessee Williams, Arthur Miller and Bruce Willis, among others.

Soon the redevelopment of 42nd Street spread further west, bringing new businesses and residents to the area. Throughout the 1980s and ’90s, the restaurant was a leader in the growing Theater District and Hell’s Kitchen dining scenes. As new theaters opened in the area, the restaurant’s connection to stage and screen remained strong as well. The Laurie Beechman Theatre continued to regularly stage the work of emerging writers, actors, and singers (many of whom later became stars) as well as established acts: The Who even gave four live performances at the restaurant while their musical Tommy was running on Broadway.

After 45 years, the restaurant’s surrounding neighborhood and America’s culinary tastes have changed dramatically. West Bank Cafe has evolved along with the neighborhood and maintained a commitment to serving high-quality food in a unpretentious setting where both theater-goers and theatre stars feel at home.

In 2020 the West Bank was likely to close imminently as it faced mounting debts and a steep drop-off in customers due to COVID. By Tuesday, though, there was an online fundraiser had raised more than $330,000, shooting past its initial goal of $250,000. Donations came pouring in thanks to Tom D’Angora, a Broadway producer and longtime customer. But things took off on Christmas Day, thanks to a star-studded, nine-hour telethon, featuring speeches and performances by Sean Penn, Nathan Lane, Pete Townshend, Debra Messing, Andre De Shields and dozens more performers who have called themselves West Bank regulars during its 42-year history.

The money raised allowed Olsen to pay off the cafe’s debts and save some cash for the future. Sadly it seems 2024 might be the end.

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Family

Legal Representation for Your Auto Accident Lawsuit: How They Can Help

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Being in a car accident can be scary and stressful, but you don’t have to handle the legal stuff by yourself. Think about having a professional on your side who could help you get through the court system and fight for the money you deserve.

Your auto accident lawsuit can be helped by a lawyer. Know that a professional is working hard for you if you hire the right lawyer. This will give you peace of mind and the strength to face the problems that lie ahead. Fasten your seat belts, and let’s look at how lawyers can ease this tough path.

Experience and Expertise

The experience and knowledge that lawyers bring to your car accident victim case is one of the main benefits of having one. They know how the justice system works and can easily get around its many complicated parts. Their specific understanding of personal injury law is very important if you want to improve your chances of winning.

Legal Support and Guidance

A case over a car accident can be hard on the mind and emotions. Getting a lawyer is important because they can help and guide you. They talk to the insurance companies, help with paperwork, and advise on what to do next.

Negotiation Skills

In most cases, auto accident lawsuits end up being settled outside of court through settlement negotiations between lawyers and insurance companies. Having a skilled lawyer negotiating on your behalf can make all the difference in the outcome of your case. They know how to present evidence, highlight key points, and negotiate for a fair settlement that covers all of your damages.

Courtroom Representation

If your case does go to trial, having legal representation is crucial. Your lawyer will act as your advocate in court, presenting your case and fighting for your rights. They know how to navigate the courtroom, from proper procedures to building a strong defense against any opposing arguments.

Contingency Fee Arrangements

Several auto accident lawyers work on a contingency fee basis, meaning they receive payment only if your case is successful. This eliminates any upfront costs for you and ensures that your lawyer is fully invested in the success of your case. It also offers peace of mind knowing that your lawyer will work tirelessly to secure a favorable outcome.

Peace of Mind

One of the key benefits of having legal representation for your auto accident lawsuit is the peace of mind it provides. Dealing with an auto accident can be emotionally taxing, but having a lawyer on your side can reduce stress and help you focus on recovery.

Choosing the right lawyer means finding one who is familiar with the local laws and regulations that will impact your case. By selecting personal injury lawyers in Opa Locka, you can benefit from their understanding of the local jurisdiction and their established relationships with local courts and professionals.

Take the First Step Towards Justice in Your Auto Accident Lawsuit

Having a lawyer help you with your auto accident lawsuit can make things a lot easier and improve your chances of getting a good result. A skilled lawyer can be very helpful on your trip, whether it’s because they know how to handle complicated legal issues, are good at negotiating, or give you peace of mind by working for you.

After a car accident, don’t handle the fallout by yourself. Get professional help and start the process of getting justice and the money you deserve.

Does this article help you? Explore our website to find more helpful and fun stories that could help you.

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Family

Efficient Solar Panel Installation for Energy Optimization

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Efficient solar panel installation is your gateway to optimal energy use in your home or business. By placing panels correctly and ensuring they operate at their best, you can significantly cut your energy bills while reducing your carbon footprint.

Interested in learning how to maximize your solar energy optimization potential? Read on to find out more about the benefits and best practices for efficient solar panel installation.

Choosing the Right Location

The right location is key for getting the most out of your solar power systems. First, you need a spot that gets a lot of sunlight. Roofs are a common choice because they usually get a lot of sun.

Make sure there are no shadows from trees or buildings that could block the sunlight. It’s also good to check the angle of your roof to see if it can hold the panels just right. If you choose the best spot, your solar power systems will work better and save you more energy.

Quality Materials and Installation

Using good materials and a good installation process is important for making your solar panels work well. Quality parts and proper setup help your system last longer and work better. This gives you more power and saves you more money.

When you use strong panels and good wiring, you improve solar energy efficiency. This makes it easy to get the most power from the sun. Good installation also means fewer problems and less need for repairs.

Regular Maintenance and Upkeep

Taking care of your solar panels regularly helps keep them working well. Simple tasks like cleaning the panels and checking the connections can make a big difference.

Remove dirt or debris that might block sunlight. Check to make sure the wiring is secure. Inspect for any damage and fix it right away. Good maintenance keeps your system running smoothly and extends its life. If you’re not sure how to do this, companies like Semper Solaris Solar Panels of Fresno can help you.

Utilizing Solar Tracking Technology

Solar tracking technology helps your solar panels get more sunlight, making them work better. This system moves the panels to follow the sun’s path during the day. When the panels always face the sun, they can make more power.

There are two types of trackers: single-axis and dual-axis. Single-axis trackers move the panels in one direction, while dual-axis trackers move them in two directions. Using solar tracking means you can get the most out of your solar panels, making sure they capture as much sunlight as possible and produce more energy.

Integrating Energy Storage Systems

Integrating energy storage systems with your solar panels is a great idea. These systems store extra power that your panels make during the day. You can use this stored energy at night or on cloudy days when the panels can’t produce as much power.

This helps you use more of the energy you make and save more on your energy bills. Having an energy storage system means you won’t run out of power, even when the sun isn’t shining.

Learn More About Energy Optimization

Energy optimization with solar panels is simple and very useful. By choosing the right location, using good materials, and keeping up with regular maintenance, you can make sure your system runs well and lasts longer.

Solar tracking technology and energy storage systems help you get the most out of your solar power. This means more savings on your energy bills and a smaller carbon footprint.

Visit our blog for more!

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