Protecting Families, Finances, and Your Future. Mortgage. Debt. Taxes. Budgets

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1 TM Protecting Families, Finances, and Your Future Debt Mortgage Taxes Budgets 1

2 1. Accept personal responsibility 2. Know your debts & develop a plan to become debt free 3. Use a budget to control expenses 4. Have an emergency fund and a savings plan 5. Protect yourself from major expenses (Insurance) 6. Earn interest on investments - don't pay interest 1. Accept Personal Responsibility You have the ability to control your financial wellness A journey of a thousand miles begins with a few simple steps Start with a few steps today 2

3 2. List Your Debts & Develop a Plan List out all of your debts with the interests t rate you are paying Develop a plan to pay them off Ask for lower interest rates Seek professional help TM 3

4 TM Prepare a monthly budget List out all incomes Plan out and budget all expenses At the end of the month At the end of the month compare actual expenses with the planned amount 4

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6 4. Have an Emergency Fund and Savings Establish an emergency fund Don t spend the whole dollar Pay yourself first! Develop a habit of saving (never less than 10%) 5. Protect Yourself From Major Expenses Health Life Auto Legal Home Owners 6

7 6. Earn Interest Don t Pay Interest Those that understand interest ees earn it Those that don t - pay it Understand the difference between spending and investing Look for ways to earn more interest TM 7

8 Money Saving Tips Look at the options for re-financing your mortgage at a lower interest rate Be aware of fees. ATM fees, Bank fees, Check cashing fees, and Late fees. These can add up over time Take advantage of tax credits for energy efficiency Use to reduce long distance costs Review your credit report regularly 8

9 $80.00 traffic ticket + $10.00 a month in increased auto insurance for 36 months = $ Ticket One of the worst financial decisions a person can make is dying without a Last Will and Testament. Also have a Durable Power of Attorney of Attorney Keep these documents updated 9

10 TM PREVENTIVE LAW Unlimited Telephone Consultation ti Letters and Telephone Calls Legal Contract & Document Review Access To Legal Forms Online ESTATE PLANNING Preparation of Your Last Will and Testament Annual Updates Preparation of a Living Will and Durable Power of Attorney MOTOR VEHICLE Assistance with Moving Violations Anywhere in the US Drivers License Services Defense of Criminal Charges Personal Injury and Physical Damages Collection TRIAL DEFENSE Defense of Civil Actions Pre-Trail and Trial Assistance Coverage Increases For the First Five Years Summary of Benefit Only See membership policy for complete details, limitations and exclusions. 10

11 25% IRS AUDIT SERVICES Consultation Representation at Audit Representation at Trial LEGAL SHIELD 24 Hour Access to the Provider Law Firm if you are ever arrested, detained, or served with a warrant. PREFERRED MEMBER DISCOUNT 25% Discount from the attorney s standard hourly rates for services not covered under the membership, including preexisting conditions. FAMILY COVERAGE Member Spouse or Significant Other Qualified Dependents Summary of Benefit Only See membership policy for complete details, limitations and exclusions. These Services are offered exclusively by Kroll Fraud Solutions Group Complete Credit Analysis Continuous Credit Monitoring Complete Identity Restoration Minor Coverage 11

12 I Owe $16,000 on my credit cards, my condo s in foreclosure and I turn 7 on Friday Five Common Types of Identity Theft Character & Criminal Employment SSA & IRS Medical Financial Drivers License 12

13 Complete Credit Analysis Continuous Credit Monitoring Complete Identity Restoration Minor Coverage Benefit Costs Employees qualify for a special group rate of: $5.98 per week! That is less than the cost of a bottle of water a day! Add $25 cents a week for minor coverage 13

14 OPTION A BASIC COVERAGE Identity Theft Shield Only $12.95 a month OPTION B PREMIUM COVERAGE Includes Identity Theft Shield and Life Events Legal Plan $25.90 a month Includes coverage for your spouse Includes coverage for your spouse This benefit is available through payroll deduction at a special group rate. Complete the YELLOW highlighted area of your membership form. $10 enrollment fee is waived for all $10 enrollment fee is waived for all employees 14

15 Complete the YELLOW highlighted area of your membership form. If you want your payment through checking or saving account complete the PINK areas If you want your payment through debit or credit card complete the BLUE areas $10 enrollment fee is waived for all employees TM Protecting Families, Finances, and Your Future 15

16 Financial Wellness Facts 1 in 4 employees are seriously financially distressed. 90% of the nearly 128 million workers in the US have difficulty managing their money and are not consistently saving for retirement. Estimated average cost to employers for ignoring Estimated average cost to employers for ignoring employee s financial challenges is a minimum of $2,000 per employee. 16

17 Financial Wellness Facts Up to 50% admit wasting 21 hours per month while on the job dealing with personal money matters Two-Thirds say They have trouble paying their bills on time and worry about money Employees regard financial stress as their number one concern, 5 times greater than personal health. Approach Script This is with Harvard Risk Management Corporation. How are you doing today? Our company works with businesses and offers a free financial wellness workshop for local employees. Your company qualifies for the free workshop and I was wondering if I could schedule 15 minutes of your time to show you the benefitsof f this. 17

18 Company Benefits Increase productivity through reduced financial stress Reduce healthcare costs and absenteeism resulting from stress related health issues Increases enrollment in benefits and savings plans Improve retention through greater appreciation of total compensation DM Meeting Workshop Summary During the financial wellness workshop we provide the following information: 6 keys to financial wellness Tips for getting out of debt and saving money Show a 3 minute video on preparing a budget Show a 2 minute video on saving money Provide a tips handout and a sample budget worksheet 18

19 Benefit Transition Script At the end of the workshop we would like to offer a money saving benefit to your employees. The benefit has two parts. Part one is a legal plan that gives the employeesaccesstoconsultation,lettersandphonecalls, and helps them get a will prepared and provides legal representation on traffic tickets and law suits. You can show a placemat brochure for additional information. Benefit Transition Script Part two is an identity theft protection benefit. This benefit provides each employee with immediate access to their credit report and monitors their credit 24 hours a day. If they become a victim of identity theft, the plan provides full restoration of their identity The cost of this benefit is only $25.90 a month. Because a large percentage ofemployees participate p in the benefit most employers make it available as a payroll deduction benefit. Would it be ok to offer this benefit? 19

20 Important Information Our goal is to market legal and identity theft plans as an employee benefit The workshop is a tool to help us talk to more employers and access their employees Do not represent yourself as a financial advisor, expert or provide investment or financial advise Practice doing the workshop before an enrollment 20