Sky Financial

Entering the season of giving.

 

As I sit drinking my coffee this morning, I heard the geese flying overhead, I love that sound. It brings back memories of when I was young, and summer would be coming to an end, we would see the geese fly over, and my mother would say, “fall is coming soon”.   Fall has always been my favorite season. It brings changes to the trees, with the many fall colors, the crispness in the air, and the beginning of the holiday seasons.

 

Each year as the holidays approach, I always start the season saying, I want to give back, or serve in some capacity, whether it be feeding the homeless, or helping a family in need. Each year flies by and before you know it, the season is over, and I didn’t find the time.   Last year our company decided to give back to our community, by picking two families during Thanksgiving and Christmas, to bless. We provided full meals and presents. Our whole office enjoyed the act of giving, and it gave us such joy to bless someone.

 

As the new holiday season approaches, and we start compiling a list of wants for Christmas, I encourage or shall I say, challenge you to take time this holiday season to do something special, volunteer to serve, or pick a family that is having a hard time and bless them. I promise you it will bless you, to be apart of something special, it gives the holidays new meaning. Incorporate your children into this act as well; it helps children to think of ways to help others.   Kids love participating in ways to help people, what better way to teach our children how to be selfless and to think of others. It teaches them kindness, love, and acceptance.

 

This is my challenge for you this holiday season!

 

Cheers,

Jenny

Reflecting on Life Insurance

 

This morning while having my coffee, I was thinking of my kids and my grandkids. We just spent Easter together; having my kids and my grandkids around is pure joy.   Then my mind started to wander, wondering what would happen if I lost one of them, or if I died, how would it change our lives, their lives.   As a Law Enforcement Chaplain I have seen the devastation of death and what it does to families, we never know what life has in store for us.

Early on in my career as a Law Enforcement Chaplain, I was on a call with a family where a man had died unexpectedly; he was young maybe in his early forties. He had a wife and 3 children.   The wife was a stay at home mom for the past 17 years, they had suffered the effects of the 2008 recession, they had no more savings, and there was no life insurance.   As I sat there with the grieving wife and the children, it hit me; this woman and her children not only lost their husband and father, but they lost their financial security. They had nothing to fall back on financially.

I have been a Chaplain for 11 years; and believe me; I have experienced many more calls like this one. Most people think this will never happen to them, but life is full of the “unexpected”. Unless we are diagnosed with a terminal illness, we don’t know when we are going to die.  Over the last 11 years as a Chaplain, I have realized that we should always be prepared.   Ask yourself, if I die tomorrow; will my family be able to continue to live the life they are accustom too?   Will my family lose the house they call home? What debt will my family be left with? No one likes to think of death, but one thing is for sure, death will happen, are you prepared?

Life insurance is a great way to protect those you love from financial devastation. There are many products that would fit anyone’s budget, so when you say, “I can’t afford life insurance”, ask yourself, who would be devastated, or the most effected, if you were to die tomorrow?   The grieving process is hard enough on a family; it’s even harder when they have to worry about how they are going to survive financially.

 

Written by Jenny Ebinger

 

HOW MUCH IS IT GOING TO COST?                         Health Insurance

 

 

That is typically the first question I am asked by business owners, when considering offering health benefits to their employees. With the many changes in healthcare, and the employer mandates, I find most employers want to be compliant, however, offering an affordable healthcare package is important.

Many employers contribute a percentage of premiums, which requires a minimum of 50% employer contribution of employee only premium.   Percentage of premium, is a little more volatile when planning your budget, your contributions will increase as the premiums increase each year at renewal.

Another employer option is a defined contribution. Defined contribution is where the employer’s contribution is a flat dollar amount for each employee.   For example, the employer’s contribution is $200 per employee, the employee chooses a health plan that cost $400, the employee would have $200 from the employer, the employee’s responsibility would be $200, which would be payroll deducted.

If your employees pay a portion of their premium, don’t forget to have a Section 125 POP plan in place, this allows the employees portion of the premium to be deducted pre-tax , which lowers their taxable income, an in turn provides a saving on the employer’s Work Comp rates.

If you are interested in getting more detail on defined contribution, give Sky Financial & Insurance Services, to get more information. 916-540-7000

Deep thoughts by Jenny Ebinger