Page 21 - Southern Exposure - November '21

Southern Exposure, Page 21

finanCial foCuS

Should You Buy Term Insurance

And Invest The Difference?

By Sally Sima Stahl

If you have children or contained in permanent insurance. But in reality, it’s not times of your life, different insurance and investment
other loved ones who depend that simple. Here are a few reasons why “buy term, invest solutions may be appropriate. But however you choose
on you financially, you need the difference” may not always be the best strategy: to do it, you’ll want to maintain sufficient life insurance
life insurance – no question • People don’t consistently invest the difference. and invest for your long-term goals – two actions that can
about it. And you’ll need Although people may have the best intentions when it pay off for you and your loved ones.
an amount that can enable comes to investing the savings achieved by purchasing This article was written by Edward Jones for use by
your family members to term insurance, life often gets in the way and they find your local Edward Jones Financial Advisor, Edward
continue their lifestyle if other ways to spend the money. Or they may invest Jones, Member SIPC.
you aren’t around. But there sporadically or make poor investment decisions. By way Edward Jones is a licensed insurance producer in
may be less certainty about of contrast, the premiums that go into permanent insurance all states and Washington, D.C., through Edward D.
what type of insurance you are invested systematically and managed by professionals. Jones & Co., L.P., and in California, New Mexico and
should purchase: term or • Term premiums won’t always be cheap. Term insurance Massachusetts through Edward Jones Insurance Agency
permanent. And the issue can cause even more confusion is quite affordable when you’re young. But when the of California, L.L.C.; Edward Jones Insurance Agency of
if you’ve heard the phrase: “Buy term and invest the term expires after, say, 15 or 20 years, the premiums can New Mexico, L.L.C.; and Edward Jones Insurance Agency
difference.” What does this mean? And is it good advice? become much more expensive. Consequently, there will of Massachusetts, L.L.C.
First, let’s review the chief differences between term likely be much less of a gap between the costs of term Edward Jones, its employees and financial advisors
and permanent insurance. As its name suggests, term and permanent insurance. cannot provide tax advice. You should consult your
insurance lasts for a set period, such as 10 or 20 years, • Permanent insurance investments can grow tax qualified tax advisor regarding your situation.
while permanent insurance can last your entire life. deferred. If you followed the “buy term, invest the Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
Term insurance only pays a death benefit – there’s no difference” approach, and you purchased stocks or 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
opportunity to build cash value. But permanent insurance, mutual funds, you might incur taxes on capital gains
such as universal life, also contains an investment and dividends. But the investments within a permanent
element. Consequently, permanent insurance premiums insurance policy are tax deferred, so you won’t pay taxes
are generally considerably higher than those of term on interest, dividends or capital gains until you withdraw
insurance. the proceeds, similar to the tax benefits you get with your
Given this difference in premiums, you may have heard IRA and 401(k) accounts.
that it’s a good move to buy term insurance and use the Even though you should consider the above issues, you
“savings” – that is, the money you would have spent on a don’t necessarily have to dismiss the “buy term, invest the
costlier permanent insurance policy – to invest in stocks difference” strategy. Everyone’s situation is different, so
or mutual funds, rather than rely on the investments you’ll want to explore your options carefully. At different

Pet Matters

by Pat Deshong, President of Furry Friends
Adoption, Clinic & Ranch, November 2021 door, dragging her rear behind her, wobbling along, with these find Susan and locate her
amazing eyes and this pure essence of love that emanated from children, and eventually
her. Much like a special needs kid. I often say I can see God when were able to get word
“For the Love of Animals” I look in a kid’s eyes with a disability. The same was true here. to Susan that we had
features real stories happening Chuley was just this incredible, loving, ball of radiant joy. She her dog! It was a tear
at Furry Friends in Jupiter. immediately came up and gave me a sloppy bulldog slobbery kiss, jerking reunion when
We are The Humane Society and that sealed the deal. She was coming home.” - Carl Susan and Marley were
of Greater Jupiter/Tequesta finally reunited. Susan
and the only no-kill shelter 6 Month Adoptaversary for the hounds who said “12 out of 10!! I
open to the public in northern were left for dead in a dumpster am so grateful that you
Palm Beach County. We’ve It was mid-October 2020, President Pat Deshong received found my baby!! Just
been rescuing, rehabilitating, a text she would not soon forget. As she opened her messages, thank you, THANK
and re-homing the homeless she was horrified at the images of two emaciated dogs and YOU a million times
animals in our community for immediately agreed to help. Fast forward to about 6 months over!” with tears of joy
more than 30 years. Our not since their adoption, and we are happy to share a glimpse of the watering in her eyes.
for profit 501c3 organization highly anticipated transformation. Hope has been living with her
consists of our Jupiter based new forever family, the Jacobs, since the end of November. Her We thank you for your continued support of our mission to
Adoption Center, Veterinary Clinic (open to the public), Thrift transformation is nothing short of miraculous and is why we do rescue, rehabilitate and rehome abandoned and abused dogs and
Boutique, and Palm City Ranch. what we do everyday...so more dogs will have “Hope” for a new, cats in our community. As a 501c3 nonprofit organization, we do
loving furever home. not receive any federal, state, or local funding. We rely primarily
on donations, grants, and our fundraising efforts to continue our
As we approach the end of the year we mission of rescuing, rehabilitating, and re-homing every animal
wanted to highlight a few memorable stories in our care. Your caring support helps us put an end to animal
suffering. We depend on your donations to offset the cost of care
from Furry Friends in 2021 so far. at our adoption facility and low cost veterinary clinic.

Special needs dog, Chuley, gets adopted We are proud to be part of the #GivingTuesday global
Chuley was surrendered to Furry Friends in December 2020. movement for generosity, and hope that you will include Furry
She was a beautiful black and white bulldog with the sweetest Friends in your plans for giving on Tuesday, November 30,
disposition. Her owner thought she had been bitten by a tick which 2021. We believe we can make our community a better place by
caused severe weakness in her back legs that made it very difficult continuing to provide care and shelter for homeless pets in Palm
for Chuley to walk. Our staff worked tirelessly with Chuley several Beach and Martin County.
times a day until she was able to stand on all fours and take a
few unassisted steps, but her Scan the QR code below to find out how you can help support
journey was far from over. Furry Friends!
Chuley now lives on a
10 acre farm with pigs and Susan and Marley get reunited thanks to the
ducks and her new dad Carl detective work of Furry Friends
who is a professional violinist Susan was going to be in the hospital for a few days, and like
that started The Grace Notes many of us do, hired a dog walker to take care of her dog Marley.
Project, a nonprofit where This “dog walker”, took the money up front, stole the dog's bed,
he combines his musical leash, collar and crate and did the unthinkable...dumped Marley
gifts with service to the on the street. Although Marley had a microchip, the information Blessings to you for your support and faith in us… all for the
underserved and special was not up to date. The team at Furry Friends was so determined LOVE of animals!
needs communities. to get a hold of someone, they searched deep into social media to
“She came through the Paid Advertisement Patricia Deshong, President