Katie Reed

Who needs life insurance?

If someone depends on you, you probably need life insurance. If you were to die today, life insurance would provide cash to your dependents that can help meet everyday living expenses, pay down the mortgage, finance longer-term goals like education and retirement, and generally maintain their quality of life.

Where do I begin?

Start by evaluating your family's needs. Gather all your personal financial information and estimate what your family members would need to meet current and future financial obligations and maintain their quality of life if you were gone. Include ongoing expenses (such as day care, tuition, continuation of a business or retirement), and immediate expenses at the time of death (such as debts, medical bills, burial costs and estate taxes.)

How much life insurance do I need?

While there is no substitute for evaluating one's needs with the aid of an insurance and financial adviser, one rule of thumb is to buy life insurance equal to five to ten times your annual gross income. To get a sense of how much coverage you need, you can visit the Insurance Needs Calculator at Nick Reed Agency.

What are the different types of life insurance?

There are many kinds of life insurance, but they generally fall into two categories; term insurance and permanent insurance. Term insurance provides protection for a specific period of time (the "term") and pays a benefit if you die during the term. A permanent insurance plan provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid.

Want to learn more? Stop by the office or visit us on the web at www.nickreedagency.com

Til next time-

Katie

Nick Reed Agency 6632 Monticello Rd. Shawnee, KS 66226 (913) 422-0123

As a small business owner you have a lot riding of your success. Chances are you've invested an enormous amount of money and effort to get it - and keep it - going. So one of the most important things you can do for yourself is to make sure it's all properly protected.

What insurance do I need?

In general, you should expect to have comprehensive protection for your building or location, business personal property, loss of income and business liability. You may also want to consider protecting your business in the event of your death or that of a key employee. There are a wide variety of policies available for owners and operators of retail, wholesale and service businesses, plus optional coverage that will allow you to tailor the insurance to your specific needs. Katie Reed of Nick Reed State Farm can explain the various kinds, including our Business in the Home program, to make sure your business can handle the unexpected.

As small business owners themselves, the Reed's understand the demands of running a business. A typical day consists of running yourself in at least a 1,000 different directions. Sound familiar? Well, it's time to give your business a free review and make sure you have it properly protected. Katie and Nick specialize helping business in Kansas City and Shawnee area. Call them at 913-422-0123 for a free quote or to schedule a free review.

Stop by and visit us today. We are located at the corner of Shawnee Mission Parkway and Monticello. (Right next to Starbucks)

Hope to see you soon-

Katie Reed

913-422-0123 / Nick Reed State Farm / 6632 Monticello Rd / Shawnee, KS 66226

Most of us have been recieving our open enrollment notification from employers. This is the time year when we review our health insurance, 401k, and other benefits. Many people are seeing an option being offered for the first time. Many employers are now offering what is called a High Deductible Health Plan.

Should you switch?

It depends. A High Deductible plan is great for people who are not chronically ill. For a healthy family, it is a great plan.

Consider the following example.

Take a couple who is 30-years-old. They can get a traditional 80/20, $1,000 deductible health insurance policy for $250 a month. If that same couple took out a High Deductible health plan they could get a similar plan for only $150 a month.

The difference is that the High Deductible Health Plan will pay 100% of the costs after the deductible. (Versus the 80% on a traditional plan). The drawback? The deductible is much higher - like $2,500. You're saving $100 a month though. ($1,200/ year) With the High Deductible Health Insurance Plan, you're also allowed to save your deductible annually into a tax-deductible savings account, and it grows tax-free.

For this type of health care insurance to work, you need to have a good emergency fund for the minor doctor's visits that will come up. You also need to take the $100 each month that you're saving and put that toward saving.

The High Dedcutible Health Insurance Plan is fantastic for people who are not chronically ill.

The other great thing about the High Deductible Health Insurance Plans is that it forces us to apply market pressure to keep medical costs reasonable. If we are responsible for minor doctors visits, we will be asking for free samples, and questioning every procedure..............."Is that really necessary?"

For more information on health insurance and Health Savings Accounts contact me at 913-422-0123

Katie Reed

Nick Reed State Farm/ 6632 Monticello Rd / Shawnee, KS 66226

It's hard to believe that, in this age of auto safety features, the #1 killer of kids 3 to 14 is still motor vehicle crashes. State Farm spent five years investigating how booster seats help prevent injuries. The result? The use of child restraints among 3-to-8 year olds has nearly doubled.

Kansas Law

Must be in Child Restraint

• All children 3 and younger must be in a child restraint
• children 4 through 7 who weigh less than 80 pounds
• children 4 through 7 who are less than 57 inches tall must be in a chld restraint or booster seat.

Adult Safety Belt Permissible

• All children 8 through 13 years
• Children 4 through 7 years who weigh more than 80 pounds
• children 4 through 7 years who are taller than 57 inches.

To learn more about child safety click here!

Free stuff for kids!!

Still have questions? Contact your local State Farm Agent, Nick Reed. His office can provide a free safety seat inspection!

Phone- 913-422-0123

Address: 6332 Monticello Rd, Shawnee, KS 66226

Til next time-

Katie

Email me at Katie@nickreedageny.com

And You're invited............

Join us in celebrating the grand opening of Nick Reed State Farm in Western Shawnee.

On Saturday December 6, 2008 bring your kids to get a FREE picture with Santa between 10am- 4pm.

You and your family will leave with a FREE 4x6 picture. The staff at Nick Reed State Farm will also email you a copy of the picture.

Don't forget about all the goodies to eat while you wait! Oh, and did I mention the Wii in the waiting area to pass the time? You can't get that kind of service at the mall.

So, stop by to visit Santa and your local State Farm Agent, Nick Reed.

We hope to see you there!!

• Location:6632 Monticello Rd
• Shawnee, KS 66226
• Phone: (913) 422-0123

For more info visit us at: WWW.nickreedevents.weebly.com