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101 W. Crawford Street, P.O. Box 350, Van Wert, Ohio 45891

419-238-6214 Mon.-Fri. 8:00-5:00

www.purmortbros.com

PBPURMORT BROTHERSINSURANCE AGENCY

Insurance Since 1876

Call and compare with the people who careFAMILY INSURANCE NEEDS

Homeowners Automobile Life Insurance Medical Insurance Long Term Care Farm owners

BUSINESS INSURANCE NEEDS

Liability Insurance Fire Insurance Group Insurance Business Cars & Trucks Long Term Care Farmowners

PROTECTYour HOMEYour FAMILY

Your LIFESTYLEINSURANCE GUIDE 2011A special supplement to the Delphos Herald -April 2011

Choosing a life insurance policyIndividuals still may be living up to res-

olutions they made in the beginning of theyear. Oftentimes, plans to get fit are at thetop of the list. People taking inventory oftheir personal health may want to take addedprecautions safeguarding the wellbeing ofthemselves and their families. A life insur-ance policy can be a way to do just that.

Not everyone needs to purchase life in-surance. There are a number of factors thatcome into play when deciding if a policy isright for you. A policy can be beneficial ifa specific person is the breadwinner in thefamily, or his or her salary is heavily reliedon to pay bills or college tuitions.

In the event of a persons death, a life in-surance policy can provide for funeral costs

and also cover mortgage payments and oth-er expenses. Choosing a policy can be diffi-cult, but understanding life insurance is thekey to knowing how much coverage to getand which policy works best for you.

Term Life InsuranceTerm life insurance provides death pro-

tection for a stated time period, or term. Aperson pays a fixed rate for a set amount oftime. Should that period expire, coverageat the previous rate is no longer guaranteedand the client must either stop coverage orobtain further coverage with different pay-ments and/or conditions.

Term life insurance is generally soughtafter for those on a limited budget because

payments tend to be more affordable. It canserve as peace of mind during child-rearingyears or up until the point when personalsavings will cover any unforseen expensesat the time of death.

Depending on the insurance policy, theterm can be for as little as 1 year to as manyas 30 years. The premium will be more for alonger term because an older person is con-sidered a greater risk factor than a youngerone.

Individual insurance companies mayvary their renewal policies and rate increas-es, so purchasers will have to research theaffordability and practicality of taking out ashort-term or long-term policy. Unless thereis a history of illness in the family, a shorter

term may suffice.Permanent Life Insurance

Permanent life insurance offers a pre-mium payment that is the same over the en-tire life of the loan up until a persons death.Once a person has paid all of the premiums,a cash reserve remains and the policy is stillin effect.

Permanent life insurance is more expen-sive because an eventual payout is unavoid-able. Wherein term life insurance policiesoften lapse without a payout, the inevitabil-ity of death makes a permanent life insur-ance payout a sure thing. Therefore, peoplepay more to acquire this type of coverage.

There are different types of permanent

(See LIFE INSURANCE page 4)

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2 The Delphos Herald Insurance Guide April 2011

Let our local agents serve you.

Pohlman InsuranceLucy Pohlman, Agent

419-339-9196

Schmit-Massa & LloydInsurance Agency

Bill Massa, Agent 419-692-0951

Rhoades InsuranceJim Rhoades, Agent

419-238-2341

Neighbor Insuring

Neighbor,

Since 1863

Brian AltenburgerRandy Altenburger

123 E. Main St., Ottoville, Ohio Phone 419-453-3424

A Family Tradition...caring for your

insurance needssince 1904.

Nationwide.But still very, very local.

Get great local service with Nationwide.

G A BROWN INS AGENCY INC

Greg Brown

346 E. Main St.

Ottawa, OH 45875

(419) 523-5527

20 W. Second St., Ft. Jennings(419) 286-2660

By Sheryl GarrettInsurance protects you against

the risk of the unknown. You prob-ably wouldnt even consider nothaving homeowner's or auto in-

surance, but you might not knowwhat kind of insurance you need.Insurance is there to help you if

you can't afford to pay out of yourpocket to set right something thathas gone wrong, like a car ac-cident, a tree in your yard fallingon a neighbor's house, the medi-

cal costs of a serious illness, or thedeath of a spouse.

Assess your life and yourneeds and think about what youneed to protect. You may need toconsider the following types of in-surance.

Disability insuranceDid you know that you're

more likely to become disabledfor a period than to die? Your mostsignificant asset is your ability toearn money, so you need to ask

yourself some questions: If I be-come disabled, how would I covermy living expenses? How willI be able to save for retirement?And because an overwhelmingmajority of disabilities are healthrelated, can I afford the risk of be-ing without a paycheck and pos-sibly having increased healthcare

expenses?Protecting your income by

purchasing disability insuranceis a fundamental risk manage-ment strategy for all wage earn-

ers whose income is required tomaintain their lifestyles. The twoprimary types of disability insur-ance include:

Short-term: Coverage willprovide income replacement pro-tection, usually after one week ofdisability, and will pay for up tosix months.

Long-term: This type of dis-ability insurance kicks in generallyat the six-month mark and contin-ues until age 65.

If you have disability insur-ance through your employer, youprobably have only long-term dis-ability coverage, and typically thecoverage ranges between 60%and 70% of your current grosssalary. So, if youre struggling toget ahead on 100% of your salary,how do you think your finances

will work on 60% to 70% of whatyoure currently making?

Life insuranceUnder most circumstances,

you need life insurance to protectyour surviving family, who de-pend on your income. The over-whelming majority of Americansare drastically underinsured in theevent of premature death.

Buying life insurance for astay-at-home parent is useful, too.

Although it doesnt protect thefamily from their loss of income, itcan help offset the additional coststhat it would take to replace thatstay-at-home parents services. Forexample, replacing the services ofa stay-at-home mom caring for a3-year-old and a newborn wouldcost $30,000 per year or more tohire a full-time nanny until thekids are in school. In addition, thechildren would need after-schoolcare for several more years, and

you might need a number of otherdomestic services, too. All theseexpenses add up to $250,000 ormore of life insurance needed onthe stay-at-home parent.

Fortunately, term life insur-

ance is quite affordable, presum-ing that youre fairly healthy. Thecost of a high-quality, 20-yearlevel term life insurance policy ona young mother may cost $300 to$400 per year a level premiumfor 20 years!

Health insuranceNearly one in five Americans

under age 65 has no health insur-ance. Over half these people statecost as the reason. Almost 25%

of uninsured people lost theirhealth insurance when they lostor changed jobs. The unfortunatething about insurance is that ifyou cant afford the premium, youdefinitely wont be able to affordbearing the risk yourself.

Long-term care insuranceMedicare or your health in-

surance policy will not pay forlong-term care expenses. Theseexpenses are covered in one ofthree ways: self pay, long-term

care insurance, or Medicaid and you have to be nearly broke toqualify for Medicaid.

Consider purchasing long-term care insurance the day before

In your voyage through life ...

consider us your

LIFE preserver

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Agency NameAddress

Life is full of changes and challenges.The right life insurance coverage canhelp you plan ahead for whatever mayhappen, both expected and unexpected.Call or visit your local Pekin Insurance TM

Agent about the wide range of lifeinsurance products that will be your lifepreserver for whatever stage of life youare in. Universal Life, Term Life, PreferredWhole Life, Single Pay Child Life, Annuities... and more will go Beyond theexpectedTM for you and your loved ones.

Agency Name

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Daniel L. Morris

Dennis R. Hickey

Hickey-MorrisInsurance

Agency, Inc.452 E. Second St. P.O. Box 69

Delphos, OH 45833-0069Phone: 419-692-5876

1-800-686-4091

Fax: 419-695-0897Email:hickmor@woh.rr.com

www.hickeymorris.com

What kinds of insurance do you need?

See KINDS page 3

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April 2011 The Delphos HeraldInsurance Guide 3

161 W. Canal Street PO Box 458

Ottoville OH 45876

toll free: 1.888.321.7269

ph: 419.453.3448

James H. Niedecken: Owner C.I.C., L.U.T.C.F.

Lisa Horstman: Agent, C.I.S.R.

Kim Hilvers: Agent, Life & Health Specialist

Front: Jan Niedecken-ofce manager. Back,let to right: Kimberly Hilvers - agent. Cora Keh-res - secretary, Lisa Horstman - agent, JamesNiedecken-owner, Benny - public relations.

The smart way to save . . .

Safe. Sound. Secure.

annuities from

Auto-Owners Insuance.

AGENCY NAMETown Name 555-555-5555

website

Call or visit us

Dickman Insurance Agency10790 Elida Rd., Delphos, OH

419-692-2236

WereOn YourSide!Gilden Insurance Agency

403 North Main Street

Delphos, Ohio 45833

Phone 419-695-4656 or

1-800-234-9899email: gildenj@nationwide.com

217 N. Market Street

Van Wert, Ohio 45891

Phone 419-238-6580

On Your Side

NATIONWIDE

INSURANCE

Nationwide Mutual InsuranceCompany and Affiliated CompaniesHome Office: Columbus, OH43215-2220 MISC22 11/00

A unique and collaborative approach to fnancial planning.

JoAn M. Smith, CFPFinancial AdvisorCERTIFIED FINANCIAL PLANNERTM practitioner227 North Main StreetDelphos, OH 45833(419) 695-7010

Fax: (419) 695-2979JoAn.M.Smith@amp.com

Dream Plan Track

AMERIPRISE FINANCIAL

Ameriprise Financial Services, Inc. Member FINRA and SIPC. 2010 Ameriprise Financial, Inc. All rights reserved.

Its a rare situation that you can afford tobe without home insurance. Most mortgagelenders require home insurance as part of

the terms of a mortgage, and even if youown your home free and clear, insurancecan be the easiest way to safeguard your in-vestment. But home insurance isnt exactlycheap especially when you realize thatthe costs can vary by hundreds of dollars,depending on which insurance companyyou purchase your policy through. Thereare a few steps you can take to make sureyour home insurance costs are low:

1. Shop around: This may sound like aparticularly easy suggestion, but youd be

surprised how many people just sign up forthe first home insurance policy they find.Try both online providers and companies inyour area to find the best deal. Of course,you arent shopping just for the lowest priceyou can find you need a policy that willcover your house well, and its okay to paya litle more in order to go with the insurancecompany with great customer service.

2. Raise your deductible: If you wantto drop the cost of your home insurance ina hurry, your best bet is to raise your de-ductible. Most policies have a deductible

of at least $500, but if you can raise that to$1,000, you can save up to 25 percent. If

you do choose to raise your deductible, itsgenerally worth your while to set aside anamount equivalent to your deductible in a

rainy day fund.3. Dont insure your land: Its common

to take the value of the land your house sitson into account when deciding how muchcoverage you need but it isnt necessary.A windstorm or a fire isnt about to damageyour land, so theres no need to insure it.

4. Group your policies together: You canoften get a discount on one of your insur-ance policies if you buy multiple policiesfrom the same company. Take a look at yourauto policy can you buy from the samecompany for a lower rate? You may need

to move one of your policies to qualify forsuch a discount.

5. Ask your agent for tips: Many insur-ance agents will offer you tips on how todecrease your costs with a particular com-pany. For instance, many insurance compa-nies will cut your costs if you make yourhome more disaster-resistant especiallyif you have an older home that can use someretrofitting. Home security systems can alsobe a way to drop your rates.

6. Keep your credit clean: The number ofinsurance companies that take credit scores

into account when deciding on your cover-age and price are growing. In some cases,

there can be a direct correlation betweenhigher rates and lower credit scores. Thecleaner your credit, the better.

7. Stay loyal: If youve been with one in-surer for several years, you may be eligiblefor a loyalty discount. Such discounts aretypically available after five or ten years

an insurer may reduce your premium byfive to ten percent as a reward.

Keep your home insurancecosts down: 7 tips

youre going to need it. Unfortunately, youcant know what day that will be, so pur-chasing long-term care insurance betweenages 50 and 65 is a good idea. The price ofthe insurance goes up as you get older, andthe likelihood of needing long-term care in-

surance increases. Coverage isnt availablefor anyone over 80 years of age. Weigh yourrisks wisely: Dont be pennywise and poundfoolish.

Auto insuranceIf you own a vehicle and ever let it out

of the garage, you must have auto insurance.Depending on the value of your vehicle andyour states requirements, the type of au-tomobile insurance you should carry willvary.

Homeowner's insuranceIf you own a home and you have a

mortgage, you must maintain adequate ho-meowner's insurance protection. Your mort-gage company requires it. Even if you ownyour home outright, you still need to havehomeowner's insurance to replace or repairthe things that are too expensive or impos-sible to pay for yourself.

Liability insuranceYou have some liability insurance pro-

tection provided with both your auto andhomeowner's insurance coverage, but youmay also determine that additional liabilityinsurance is warranted. Liability insurancepays for legal fees and damages if you hurtsomeone or cause injury due to your negli-gence.

KINDS(Continued from page 2)

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4 The Delphos Herald Insurance Guide April 2011

P R O V I D I N G I N S U R A N C E A N D F I N A N C I A L S E R V I C E S

State Farm, Bloomington IL

Everyones looking for an encouraging sign in todays economy. The fact is, theyll

see one in over 17,500 locations across North America. Because for over 86 years,

State Farm agents have been there helping people protect the things that matter most.

Thats why more people trust State Farm. And we consider that a very good sign.

LIKE A GOOD NEIGHBOR,

STATE FARM IS THERE.

A GOOD SIGNEVEN IN TIMES LIKETHESE.

P087083 11/08 statefarm.com

Steve Bailey

109 W Main StreetVan Wert, OH 45891Bus: 419-238-9441

steve.bailey.byyu@statefarm.com

Dodie Seller

251 N. Canal StreetDelphos, OH 45833Bus: 419-692-1626

dodie.seller.bxtf@statefarm.com

life insurance:Whole life: The cash reserve

builds up after the premiums are paid,but the person has no control how thatreserve is invested.

Variable life: Individuals are giv-en the choice how to invest the cashreserve. The amount that will be avail-able at the time of death is depends onhow well the money was invested.

Universal life: Individuals havemore control over the policy, beingable to vary the amount of the premiumby using part of the accumulated earn-ings to cover part of the premium cost.Purchasers can also vary the amountof the death benefit. Flexibility comes

with a higher price tag, however.How Much Life Insurance IsNeeded?

Many factors come into playwhen deciding how much insuranceto purchase. Debts, dependents, oth-er income, risk for illness, and othercomponents should be considered.A general rule of thumb is to acquirea policy that pays between 5 and 10times ones annual salary. Therefore a

person who makes $85,000 should geta policy between $425K and $850K tobe safe.

Cost of Life InsuranceEach company will have a different

rate schedule and commissions paid toinsurance agents. There may be hid-den fees that careless consumers areunaware of.

On average, a healthy 35-year-oldman may pay $3,000 per year for a$300K whole life policy. A term lifeinsurance policy for the same amountcould run $300 a year.

Depending on individual factors,purchasing life insurance is largely apersonal choice. Advisors can shoparound for life insurance policies and

help educate a consumer on the onesthat will be the best fit. Individualsshould seek an advisor who does notwork for a specific insurance companyor receive commission for his/her rec-ommendations.

Some of the most affordable poli-cies are often provided through em-ployer plans. Those shopping for in-surance can make this the first leg oftheir research process.

When choosing supplemental healthinsurance coverage, look for excellentcustomer service, policy features thatare clearly outlined and a policy thatsuits your needs.

Review your current health insur-ance policy. If you have a preexistingcondition or family history of specificillnesses, such as heart attack, strokeor cancer, your health insurance planmay not cover you completely if oneof these medical emergencies occurs.

Determine your health needs be-

fore looking for supplemental healthinsurance. There are a variety of cov-erage options available. For example,if your job is considered high risk(higher risk than normal for physicalinjury), if youre self-employed or ifyou have a special-needs child, sup-plemental health insurance can helppay for monthly expenses beyond typ-

ical medical expenses covered in yourprimary health insurance policy if youneed to take time off from work due toinjury or other medical emergency.

Visit the websites of supplementalhealth insurance companies to find aplan that caters to your specific needs.For example, some supplementalhealth insurance plans only pay forthe treatment of cancer, while othersoffer additional coverage in the eventof a heart attack or cover preexisting

conditions. Determine how much you canspend each month for supplementalhealth insurance.

Contact the supplemental healthinsurance company youre interestedin for additional information. Createa list of questions to ask sales repre-sentatives.

Life Insurance(Continued from page 1)

How to choose supplemental health insurance

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