Save Money...Plan Ahead

I was recently thinking about the amount of planning and preparation that people put into a vacation or a wedding or purchasing a car or a home in order to make sure that they are getting what they want at an affordable price. Yet, many people do not make any plans for one of the most expensive purchases that they will ever make…their funeral and final expenses. Unless you plan in advance and shop around you are most likely going to have to pay top dollar. The average funeral in the United States costs about $6,500 according to the National Funeral Directors Association. Although the cost of final expenses can vary from state to state, the total sum can easily reach $10,000 according to the AARP.

3 Major topics need to be discussed when considering funeral and final expense funding:

1.) Plan ahead

Talk about your plans with your family members. Be sure to discuss your wishes and find out what is important to them as well

2.) Know your rights

The Federal Trade Commission (FTC) Funeral Rule requires that mortuaries present a price list of services, like a shoppers’ guide, to consumers before their death

3.) Shop around

Make sure that you are not spending too much money. It is a good idea to purchase life insurance to fund this important expense

While families should make decisions about funeral arrangements in advance, they should NOT pay for them in advance. Over time prices may go up and businesses may close or change ownership or a person could change their mind about their desired arrangements.

People who favor a traditional funeral and burial can save hundreds or even thousands of dollars by taking these simple steps. Many people say that they have found great meaning and peace in being able to carry out thoughtful funeral plans that honored their family members in an appropriate and affordable way. Purchasing life insurance is a great way to make sure that you will have the funds to cover your funeral and final expense plans. Be sure to meet with your financial representative to discuss this and all of your important financial needs.



-Tom Newsad


Tom Newsad from Newsad Insurance Services can meet with you. Tom serves Middletown, Franklin, Trenton, Monroe, Liberty Township, Hamilton, Dayton, and Oxford.

Objectives of Estate Planning

The property found in most estates generally falls into one of five categories: personal property, real estate, business interest, life insurance, and government benefits. Unfortunately, at death there is often a great deal of “CONFLICT” due to different ways in which assets pass to the family and other heirs. These conflicts, together with a generally slow probate process, can easily result in a “DELAY” of the estate settlement process of one to two years or more. Considerable EXPENSES may also being incurred if there is a delay in the estate settlement process. However, a custom tailored life insurance strategy can ease the handling of these important financial matters.

Consult a life insurance expert to discuss further.

-Tom Newsad



Tom Newsad does estate planning in Middletown, Hamilton, Trenton, Franklin, Carlisle, Monroe and surrounding areas. Contact Tom at www.newsadinsurance.com

Reaching Retirement Age

It is a good idea to review your portfolio with your financial services provider more frequently as you reach retirement age. Being sure to not draw out more than 6-8% per year in retirement savings can be beneficial in preventing you from spending down your account too quickly. You may also want to consider moving your risky investments to more secure or fixed investments. This could help prevent you from losing money in market downturns. It is also important to have adequate life insurance to offset any losses in your portfolio and to provide your spouse with lost income.

For more information visit http://www.newsadinsurance.com/

-Tom Newsad

2010 Life Agent Summit

I met with 40 of my colleagues Tuesday August 31, 2010 at Grange Life Insurance Company’s home office in Columbus, Ohio to discus the fundamentals of social media marketing. The discussion included:

• Using Facebook as a way to connect with your target market by using a professionally driven business page to educate consumers and build a stronger relationship base network of clients

• Using a custom driven website to attract life insurance clients

• Using clear, simple, easy to understand terms when describing insurance jargon to clients or talking about insurance policies

• Marketing to a broader area including Liberty Township, Monroe, Middletown, Hamilton, Fairfield, Oxford, and Trenton for all insurance services

• Understanding compliance and the way it affects businesses

ART Life Insurance vs. Level Term Life Insurance

Knowing the difference between annual renewable term life insurance and level term life insurance can help consumers understand the differences in term life insurance. ART or annual renewable term insurance is the lowest costing life insurance but cost is only fixed one year at a time and follows a predetermined schedule provided by each life insurance company. The price also changes annually. In contrast, level term life insurance provides fixed premiums and fixed face amounts for the “term period” that you select: 10 year, 15 year, 20 year, or 30 year. Another important distinction is that term life insurance does not provide cash value savings



Newsad Insurance Services is a proud supporter of Life Insurance Awareness Month September 2010.

Universal Life Insurance

A great way to save money is to purchase life insurance. One type of life insurance is universal life insurance, which is a form of whole life insurance. Universal life insurance blends whole life insurance with term insurance and offers a competitive interest rate and guarantees. Where else can you currently earn 4.5% interest and have full access to your money?

Universal life insurance, like other types of insurance, should always be purchased from an agent or broker.

-Tom Newsad
Newsad Insurance Services

What Is The Purpose Of Life Insurance?

Financial advisors as well as some insurance advisors tell clients that insurance should generally be used for 2 purposes:

• The first purpose is to cover all final expenses including debts and funeral and burial costs
• The second purpose is to ensure that your family will be able to continue to maintain their lifestyle once you are gone

These are 2 primary reasons to purchase life insurance and should be talked through with a financial advisor or life insurance agent if you have questions about or are considering purchasing life insurance.

Life insurance can be a simple low cost alternative to providing for the future of our loved ones if we do not accumulate enough wealth to do so during our lifetime. Purchasing a life insurance policy can be a key element in estate planning and a legacy for surviving beneficiaries such as spouses and children.

For additional information, contact Tom Newsad at tnewsad@cinci.rr.com or http://www.newsadinsurance.com. Tom is a Grange Life Pacesetter agent serving Trenton, Middletown, Oxford, Franklin, Liberty Township and surrounding areas in Ohio, Kentucky, and Indiana.