The Economy is Down, And Theft is Up

According to a recent study by Javelin Strategy & Research, the number of identity theft cases increased 22 percent in 2008 to 9.9 million.

Some key findings from the study:

• 2008 was the first year that the number of cases increased since Javelin began tracking ID theft in 2003.
  
  
• Crimes of opportunity, such as stolen wallets, represented 43 percent of cases, compared to 33 percent in 2007, indicating an increase in the desperation of criminals.
  
  
• Women were 26 percent more likely to be victims of identity theft, reporting a higher incidence of lost or stolen information during purchases in stores.
  
  
• The survey showed that only 11 percent of cases involved online access.

Thank you to Safeco Insurance Company

Why Life Insurance?

There are two types of insurance, Term insurance (also known as Term Life) and Permanent Insurance. Term is initially the most affordable type of insurance and is designed to pay for a specific benefit during a term. For instance, you may decide you only want coverage until your children graduate from college or until a debt is paid off (such as a mortgage). Permanent insurance is designed for lifelong protection.

But now you may be wondering "why do I need life insurance?" There are many reasons one may desire a life insurance policy, but it all boils down to not wanting to leave a debt or burden behind after passing away.

Life insurance can be used to guarantee income to your family for everyday expenses, pay off the remainder of a mortgage or debt, or pay for your final expenses to make funeral arrangements as simple as possible for loved ones after passing.

Life insurance can even be used to supplement retirement, cover expenses of raising children, pay for children's education, preserve your estate, or safeguard your home mortgage.



More questions? Give us a call at 1-888-867-2866 and speak to one of our life insurance specialists.