Insurance and Cash Reserves
- Auto and Homeowner Insurance
- Protects your income and savings by providing replacement dollars if your cars or home is damaged.
- Coverage is also provided should you be sued as a result of an auto accident or negligence for accidents occurring on your premises.
- Umbrella Liability Insurance
- Protects your income and property from loss due to lawsuits and court-ordered judgments that exceed the limits of liability in your auto and home insurance policies.
- Life Insurance
- Some life insurance can replace the loss of your earning power in the event of your death. Should you live, it’s cash buildup can provide funds for financial emergencies or opportunities and even retirement.
- Money Market Mutual Funds*
- Portfolios of very short-term money market instruments, professionally managed for safety, and liquidity.
Protection
Ensuring that no matter what happens, your family’s immediate and future financial needs are secure.
The foundation for charting a sound financial course is to maintain insurance to protect your income and savings.The major threats to your financial security, that you face each day, include:
Insurance can provide the funds you and your family will need should any of these catastrophic events occur.
Another element in a financial foundation is to create an Emergency and Cash Reserve Fund. An amount equal to three to six month’s income should be maintained in a highly liquid account to hold in anticipation of unplanned expenses and to be used to save for short-term financial goals. Being able to pay cash for unexpected, yet not catastrophic, expenses can avoid havoc being played on a family budget and piling up excessive credit card debt. This fund is also needed to cover insurance deductibles and elimination periods.
Ensuring that no matter what happens, your family’s immediate and future financial needs are secure.
The foundation for charting a sound financial course is to maintain insurance to protect your income and savings.The major threats to your financial security, that you face each day, include:
- Premature death
- Major property loss
- Lawsuits
- Serious illness or injury
Insurance can provide the funds you and your family will need should any of these catastrophic events occur.
Another element in a financial foundation is to create an Emergency and Cash Reserve Fund. An amount equal to three to six month’s income should be maintained in a highly liquid account to hold in anticipation of unplanned expenses and to be used to save for short-term financial goals. Being able to pay cash for unexpected, yet not catastrophic, expenses can avoid havoc being played on a family budget and piling up excessive credit card debt. This fund is also needed to cover insurance deductibles and elimination periods.
*An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment of $1 per share, it is possible to lose money by investing in a money market fund.
All investors are advised to carefully consider the investment objectives, risks and charges and expenses of an investment company before investing. The prospectus contains this and other information about the investment company. A prospectus is available free of charge from a registered representative. Investors should read the prospectus carefully before investing.
The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.