Karen Patel-Financial Advisor, Denver, CO Videos

Aging brings a lot of changes, but a care plan helps ensure you and your family can face the future with confidence — and make each moment count. I can help.

Our health changes as we age – do you have a plan in case “what if” becomes “what now”? I can help.

You’re healthy now — and you might be for many years. That’s why it’s essential to make a care plan today before you need it. I can help.

You’re healthy now. But what if your household chores get to be more than you can handle when you’re older? I can help.

When you’re older, a bad hip could do more damage to your retirement income than a bad market — do you have a care plan? I can help.

No one likes to think their health will decline as they get older — but for many of us, it will. Do you have a care plan in place? I can help.

Growing old doesn’t have to have a negative impact on your family. Help give your loved ones a choice by making a care plan today. I can help.

Many things get better with age — but our health isn’t one of them. Who’s going to care for you? I can help.

Medicare doesn’t cover most long-term care expenses. If you need care down the road, how would that affect your pocketbook? I can help.

How would you pay for care if you can’t live independently when you’re older? If your answer is Medicare, you might want a better strategy. I can help.

After a weekend of beta testing, the Biden administration formally launched an online portal for federal student loan forgiveness applications. Learn more and apply here: https://hearsay.social/3NddYvQ

Is it time to reevaluate your life insurance?
Have any of these big life changes happened to you in the last year? 1. Congratulations! 2. Have you reevaluated your financial strategy since your lifestyle changed? September is Life Insurance Awareness Month--the perfect time to realign your insurance with your life. #LIAM2022 #PersonalFinance #LifeInsurance

Do you know how long it take for your loved ones to experience financial hardship if you passed away? Most Americans would experience financial insecurity in a year or less after losing a primary wage earner (LIMRA, 2022). The tragedy of losing a spouse or parent is tremendous, and the fact that 67,980,000 families would be in a financial crisis just one year after such an event reveals a massive threat to our nation’s well-being. September is Life Insurance Awareness Month, and I will be sharing some stats and information about this financial solution. My goal is simply to provide the information. Your financial decisions belong only to you! #LIAM2022

As a business owner, your personal financial security depends on your business’ financial stability. As you prepare for your future, you must address typical financial considerations as well as those unique to your business. I’m happy to meet one-on-one to align these objectives to help meet your long-term goals. Watch this video to learn more and schedule a time to start the discussion. https://hearsay.social/3fb8TqK

The short answer: It depends on what you're looking for. Life insurance policies come at many price points depending on your age, gender, health, and the type of insurance. If you're looking for ways to find more affordable starter coverage, consider these options: 1. Take out a life insurance policy while you're young 2. Choose a term life insurance policy rather than permanent life 3. Ask an independent agent to check rates at multiple insurance providers That last option is totally free with no obligations! 50% of people overestimate the cost of term life insurance (Average life insurance rates of 2022, Forbes), and that keeps them from getting the coverage they need. Get the numbers, then decide. #LIAM2022 #LifeInsuranceAwarenessMonth #FinancialSecurity

I LOVE the convenience online shopping has brought to our lives! It seems no industry has been left untouched by the digital transformation, personal insurance included. Online life insurance providers promise fast, convenient service, all from your phone. On those counts, they can deliver. However... What if you have health issues that make it hard to find affordable coverage? Or you need guidance through the underwriting process? Or you are interested in exploring a whole or universal life policy rather than term life? In these instances, you may want to consult a trusted financial professional. I'm happy to be that guiding voice if you need it! #LIAM2022 #PersonalFinance #ProtectWhatMatters

Term insurance is like renting—a temporary solution for a temporary issue with an affordable premium. Most people outlive the term but had the use of the policy along the way. Permanent insurance is like owning. You build equity and the owner has more control. If structured correctly, permanent insurance will result in money being paid to the beneficiaries 100% of the time, due to the inevitable fact that everyone dies. Which one is right for you? That totally depends on your goals! I'd be happy to talk through how each would affect your overall long-term strategy in a phone call. September is Life Insurance Awareness Month, and it's all about sharing information. #LIAM2022 #ProtectWhatMatters #PersonalFinance *Please keep in mind that the primary reason to purchase a life insurance product is the death benefit. Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods.

Life insurance is a great benefit if your employer offers it! However, an employer policy is best utilized with an individual policy to supplement your coverage. You see, employer policies do not always cover your entire life insurance need, and they are not always portable if you were to leave that employer. As you are evaluating how your employer’s life insurance option fits into your overall plan, be sure to ask the following questions: • What is amount of coverage can you get without an exam? • With an exam, what is your max amount of supplemental coverage? • Do you know the portability privileges of the of this life insurance coverage? • Does the policy have inflation protection? • Will they give you more as you get promoted? If you want help evaluating how your benefits at work fit into the rest of your financial strategy, I'm happy to talk through them with you! #LIAM2022 #PersonalFinance

Even if you don’t have dependents, life insurance can play a role in your overall financial plan. First, it can cover funeral expenses or debt payment for your surviving relatives. Second, securing the policy sooner rather than later helps you lock in an affordable rate that you can keep if or when you add to your family. Finally, you can utilize life insurance as a tax-favored wealth accumulation tool that could also have asset protection provisions as well. #FinancialLiteracy #PersonalFinance #LIAM2022 *Financial professionals do not provide tax, mortgage, real estate or legal advice. You should always consult a tax or legal professional for advice regarding your specific tax and/or legal situation.

Don't let your friends or family be part of a statistic. Life insurance conversations are awkward--no one wants to talk about the possibility that they won't be around!--but sharing your experience can make all the difference in helping someone close to you feel confident in their family's future. #LIAM2022