William Penn Life, 2010 (45. évfolyam, 1-12. szám)

2010-07-01 / 7. szám

5

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Moneywise with Doug Miller

DURING THE PAST 18 MONTHS, you may have heard the phrase "the new normal." Those uttering this phrase are usually referring to the economic situation that we find ourselves in. To some that means a different set of choices that most of us need to make based on our personal financial situation. It may mean TJ Maxx instead of Macy's, Outback Steakhouse instead of Morton's, or a DVD in front of the TV instead of going to the theatre. "The new normal" refers to the fact that this economic climate and the impact that it will have may be with us for many years to come. In other words: get used to it; this is the way life may be.

If that is the case, how do we make the best of the situation? Shrinking paychecks and increasing demands for what is left can be a big concern and sometimes creates major issues for families.

That is where William Penn Association comes in. William Penn has been serving the needs of hardworking Americans for more than 124 years. The life insurance and annuity products we offer are very simple, straight-forward and inexpensive. They can provide peace of mind in spite of your financial situation. Regardless of your age or financial situation, William Penn can help you protect your family and loved ones. If something happened to the bread winner in the family, how would the bills get paid, including your primary residence? Term or ordinary life insurance can be the answer to ensure that your family or loved ones have a roof over their head or food on the table.

As a retirement vehicle, William Penn offers safe and secure fixed annuities with no management fees. Every one of your hard-earned dollars earns interest from the first day. With the volatility and market conditions over the last year, our current annuity members have the peace of mind that every dollar they have on deposit is safe, secure and earning a great interest rate.

Regardless of your age, there is no better time than now to begin a retirement program to secure your future. For our younger members, a small monthly deposit in a qualified IRA or non-qualified retirement plan can provide a substantial nest egg years down the road. For parents or grandparents, setting up an annuity for your children is one of the greatest gifts that you can give. Your thoughtfulness will be appreciated for decades to come.

Anyone entering college who has been a life benefit member of WPA for at least four years, and is the child or grandchild of someone who has been a life benefit member for at least four years, is eligible to apply for grants through the WPFA Scholarship Foundation. Grants are awarded annually based on published criteria, and recipients currently receive $500 per year, for a maximum of four years, toward the cost of college. In 2009, the WPA awarded more than $96,500 in scholarship grants.

And, if you would like to earn a little extra spending money, consider our Recommender Program. Many WPA members are so pleased with their decision to be a part of the Association that they recommended friends and family. We paid more than $5,300 in 2009 in bonuses to our members for referrals that resulted in sales.

Making the best of the new normal can be as simple as making a phone call to your sales professional or to the William Penn Home Office at 800-848-7366 and asking for Barbi Tew at extension 120. □

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6 0 July 2010 0 William Penn Life