Final Expense Life Insurance: Protecting Your Loved Ones from Financial Burden

Posted on by Bruce

Final Expense Life Insurance: Protecting Your Loved Ones from Financial Burden

As we age, we often think about the legacy we want to leave behind for our loved ones. While we can’t control the unexpected, we can prepare for the inevitable. Final Expense Life Insurance is a type of life insurance designed to help cover the costs associated with end-of-life expenses, ensuring that your loved ones are protected from financial burden.
What is Final Expense Life Insurance?
Final Expense Life Insurance, also known as burial insurance or funeral insurance, is a whole life insurance policy that provides a death benefit to help cover final expenses, such as:
  • Funeral and burial costs
  • Medical bills and outstanding debts
  • Legal and administrative fees
  • Unpaid bills and expenses
How Does it Benefit Your Loved Ones?
Having Final Expense Life Insurance in place can bring peace of mind to both you and your loved ones. The policy’s death benefit can be used to:
  • Pay for funeral and burial expenses, which can be a significant financial burden
  • Settle outstanding debts and bills, ensuring that your loved ones aren’t left with financial obligations
  • Cover legal and administrative fees associated with settling your estate
  • Provide a cash benefit to help with everyday living expenses during a difficult time
Why You Should Have Final Expense Life Insurance
While no one likes to think about their own mortality, having Final Expense Life Insurance can be a thoughtful and responsible decision. Here are a few reasons why:
  • Affordability: Final Expense Life Insurance policies are often less expensive than traditional life insurance policies
  • Simplified Underwriting: The application process is typically quicker and easier, with fewer health questions and no medical exams
  • Guaranteed Acceptance: Many policies offer guaranteed acceptance, even with pre-existing health conditions
  • Cash Value Accumulation: Whole life policies accumulate cash value over time, which can be borrowed against or used to pay premiums
In conclusion, Final Expense Life Insurance is a thoughtful way to protect your loved ones from financial burden during a difficult time. By providing a death benefit to cover final expenses, you can ensure that your legacy is one of love, care, and financial security. Consider consulting with TLT Insurance Group LLC to determine if Final Expense Life Insurance is right for you.
CLICK HERE to Get instant life insurance from TLT Insurance Group and One of Our Largest Insurance Carriers. NO medical exams or blood tests. Starting from $7/month.

Indexed Universal Life Insurance: A Smart Addition to Your Retirement Plan

Posted on by Bruce

Indexed Universal Life Insurance: A Smart Addition to Your Retirement Plan

 
As you plan for your retirement, it’s essential to consider various investment options that can help you achieve your financial goals. One such option is Indexed Universal Life (IUL) insurance, a versatile and tax-advantaged strategy that offers a range of benefits. In this post, we’ll delve into the world of IUL insurance, exploring how it works, its advantages, and why it should be a part of your retirement plan.
What is Indexed Universal Life Insurance?
IUL insurance is a type of permanent life insurance that combines a death benefit with a savings component. It’s tied to the performance of a specific stock market index (e.g., S&P 500), offering the potential for tax-deferred growth. The cash value of your policy can grow based on the performance of the underlying index, while also providing a guaranteed minimum interest rate.
Benefits of Indexed Universal Life Insurance
  1. Tax-Deferred Growth: The cash value of your policy grows tax-deferred, meaning you won’t pay taxes on the gains until withdrawal.
  2. Flexible Premiums: You can adjust your premium payments or skip them altogether if you have sufficient cash value.
  3. Downside Protection: Your cash value is protected from market downturns, ensuring you won’t lose money due to market volatility.
  4. Upside Potential: Your cash value can benefit from the growth of the underlying index, providing potential for higher returns.
  5. Retirement Income: You can use the cash value to supplement your retirement income or take loans against the policy.
Why Include IUL Insurance in Your Retirement Plan?
  1. Diversification: IUL insurance offers a unique combination of life insurance, tax-deferred growth, and downside protection, making it an excellent diversification tool.
  2. Guaranteed Income: By using the cash value to purchase an annuity, you can create a guaranteed income stream for life.
  3. Tax-Efficient Withdrawals: You can withdraw funds tax-free by using policy loans or withdrawals from the cash value.
In conclusion, Indexed Universal Life insurance offers a powerful combination of benefits that can enhance your retirement plan. By providing tax-deferred growth, downside protection, and flexible premiums, IUL insurance can help you achieve your long-term financial goals. Consult with TLT Insurance Group, a licensed insurance professional, to determine if IUL insurance is right for you.
Key Takeaways:
  • IUL insurance combines life insurance with a tax-deferred savings component
  • Offers flexible premiums, downside protection, and upside potential
  • Provides tax-deferred growth and tax-efficient withdrawals
  • Can be used to create a guaranteed income stream in retirement
  • Consider consulting a licensed insurance professional to determine if IUL insurance aligns with your retirement goals.
CLICK HERE to Get instant life insurance from TLT Insurance Group and One of Our Largest Insurance Carriers. NO medical exams or blood tests. Starting from $7/month.

What is an IUL Insurance Policy; and should I get one?

Posted on by Bruce

What is an IUL Insurance Policy; and should I get one? The short answer is yes…a life insurance policy that gains when the stock market goes up, but never loses when the stock market goes down…and it has life benefits as well! You need to check into adding an IUL into your retirement plan.

Is an Annuity Better than an IRA?

Posted on by Bruce

Is an annuity better than an IRA? Choosing between an annuity and an Individual Retirement Account (IRA) is a crucial decision, laden with implications for one’s financial future. While both instruments serve the purpose of retirement planning, they differ significantly in their structure, benefits, and suitability for various financial goals.

What is Whole Life Insurance, and Should I Get it for My Family?

Posted on by Bruce

Whole Life Insurance stands out in financial planning due to its comprehensive coverage and lifelong benefits. Unlike term life insurance, whole life insurance guarantees a death benefit payout to beneficiaries and accumulates cash value over time. This cash value grows tax-deferred and can be accessed through policy loans or withdrawals, providing financial flexibility for various needs such as education expenses or retirement income. Whole life insurance also plays a crucial role in estate planning, offering stable premiums and a reliable source of supplemental retirement income. Understanding and securing whole life insurance can profoundly impact your financial well-being, ensuring lasting security for you and your loved ones.

Should I get mortgage protection life insurance?

Posted on by Bruce

Should I get mortgage protection life insurance to protect my family if the unthinkable happens? The short answer is YES! Because what if the unthinkable happens…how do you safeguard your most cherished asset…your family…and ensure their financial security if you are no longer there to protect them. This is where Mortgage Protection Life Insurance steps in as a crucial component of your financial plan, plus a few more key things you need to know…

Giving Back: My Speech at Buckeye Union High School

Posted on by Bruce
Dec 21, 2022
To Whom It May Concern:
I am writing to provide a professional reference for Bruce Grogg. In my experience as the Future Ready Teacher at Buckeye Union High School in Buckeye Arizona. I have had the pleasure of working with many guest speakers from all walks of life. Bruce Grogg CEO of Stone Edge Surfaces of Mesa AZ ranks among the very best speakers I’ve ever encountered. His speech on the topic of What it takes to become a successful, wealthy and creative entrepreneur and leader have left a lasting impression on my students.
Mr. Grogg is an electrifying public speaker. His passion for the subject matter is infectious. In just one hour, attendees (300 11th grade students, lead principal, and assistants) gain a fresh perspective on the focus as well as specific mental processes necessary to gain an edge on being a successful leader in our society. Students have requested Mr. Grogg to return to our school so that additional students and staff can have an opportunity to hear him speak.
Grogg has deep professional expertise, and it shows. He draws on his career as director with Hooked Phonics, technical innovations, to the acquisition of Stone Edge Surfaces. His experience working with different music artist provides a highly relevant perspective to the audience as it pertains to being versatile as well as be affluent within different industries. His presentation is packed with illuminating anecdotes, telling statistics, surprising paradoxes, and refreshing dose of good humor.
Mr. Grogg has had many opportunities to speak in front of large crowds. I found it a pleasure to include Mr. Grogg as a guest speaker at our school.
Mr. Shawn Kemmer
Future Ready Teacher
Buckeye Union High School

2019 DC Trip to See the EPA

Posted on by Bruce
Annual DC Fly in to visit the Senators and Congressmen that are part of helping us gain WaterSense Designation for Automatic Swimming Pool Covers…as a water saving and life saving device.
This year…from left: Brendan Scanland (APSP/PHTA Government Relations Rep), LaMont Drechsel (VP/GM Coverpools), Bruce Grogg (President Stone Edge Surfaces, CEO TLT Consulting, Latham Pool Products representative), Tom Dankel (VP Aquamatic), Michael Schebek (CEO Automatic Pool Covers, Inc).
99% of the U.S. automatic swimming pool cover manufacturing, is represented in this picture…as the 5 major brands are represented here: CoverStar, Pool Cover Specialists “PCS”, Coverpools, Aquamatic and Automatic Pool Covers Inc “APC”
Our yearly trips include meeting with our Congressional supporters as well.
You may be wondering how we chose the specific Senators and Congressmen we aligned ourselves with…it was completely non partisan…but we did go after the ones that were representing the States where we all have our factories. Indiana, New York, Utah, and California were the main targets, because our factories account for about 2,000 jobs…and thousands more small service and installation companies in all 50 States.
This is Senator Susan Brooks of Indiana.
We also met with Senator Ben McAdams of Utah, and we met with the offices of:
  • Debbie Wasserman Schultz (D-FL) Rep. Wasserman Schultz was an original sponsor of the VGB Act, and remains focused on pool safety issues.  She is also a senior Member of the House Appropriations, Subcmte on Energy and Water…which sets the funding for the EPA
  • Paul Tonko (D-NY)
  • Jimmy Panetta (D-CA)
  • Dianne Feinstein (D-CA) Senate Appropriations, Subcmte on Energy and Water.
  • Mitt Romney (R-UT)
I’m happy to say that all of the senators and congressmen we met with have been supporting us on this quest for the past few years and have made calls to the EPA, and sent written requests that were co-signed by several senators. It’s been a pretty incredible ride and I’m loving every minute of it!
I have to tell you…the best part of this trip was the camaraderie with this incredible group of gentlemen and powerful business leaders. It’s pretty cool when they have a toast…to me…for bringing all of the factories together…and ending almost 30 years of feuds, lawsuits and fighting that was incredibly expensive for all involved and horrible for the industry.
PCS (I was CEO of PCS from 2008 to 2014 when we were bought out by Latham) was always fighting with someone…all of it started before 2008, but as CEO…I had to deal with it.
After talking with our attorneys and adding up all the attorneys fees with a lawsuit between PCS and Aquamatic, and a counter suite by Aquamatic to PCS…I found that PCS had spent over $600,000 in attorneys fees…and at best, if we won, we would win $30,000???
When I saw that…I immediately called the ownership group and let them know that the pettiness and infighting was getting us…NOTHING…but had cost us more than HALF A MILLION DOLLARS…so far!
Once I got their attention…and stunned silence…I asked them if I could settle all the remaining law suits that seemed to be based more on bad blood between from the early days of the industry, or were based on The “Principal” of some old slight or hard feeling. They argued at first that it was the “principal”…nut when I asked “principal of what? What started the feud…not even they could remember and so granted my request to settle all suits and try and mend bridges. Anyway…that is a story for another time.
To get back on track…the best part of this years meeting was when Michael Shebek toasted and received immediate agreement from everyone in the group, that getting together each year, regardless if we ever get the watersense designation from the EPA…was fun, and he really enjoyed getting together with LaMont, Tom, and Me, (Carl our lobbyist too)…not just as  fellow industry factory owners…but as friends. And I…they toasted me…was thanked for making it all possible by offering the olive branch to each of them.

Received an LOI from the EPA!

Posted on by Bruce
After 3 years and many visits to the EPA and securing support from many Congressmen and Senators…the EPA collected enough data to issue a Letter of Intent to our group that they will be moving forward with discovery on our project to determine if we should get the WaterSense designation for Automatic Swimming Pool Covers we’ve so long sought.
Dear Bruce,
In September 2018, EPA issued a Notice of Intent (NOI) to develop a WaterSense® specification for pool covers to help reduce water waste in swimming pools. When applied consistently and appropriately, pool covers can both reduce pool water evaporation and help the pool water retain heat, which together contribute to water, energy, and cost savings for pool owners. WaterSense estimates that, depending where it is located within the United States, a typical uncovered pool can lose between 12,000 and 31,000 gallons of pool water to evaporation every year. Using a pool cover can help owners reduce that waste significantly.
Read LOI Here

Water Conservation Coalition Takes Pool Cover Agenda to Capitol Hill

Posted on by Bruce

April 7, 2016: The Association of Pool & Spa Professionals (APSP) Water Conservation Coalition went to Capitol Hill last month to advocate for the US Environmental Protection Agency’s (EPA) WaterSense certification for the industry’s most efficient cover systems. The goal is to help inform consumers of the cost/benefit of purchasing a pool cover to mitigate water loss from evaporation.

The Association of Pool & Spa Professionals (APSP) Water Conservation Coalition went to Capitol Hill last month to advocate for the US Environmental Protection Agency’s (EPA) WaterSense certification for the industry’s most efficient cover systems. The goal is to help inform consumers of the cost/benefit of purchasing a pool cover to mitigate water loss from evaporation.
The Coalition, comprised of APSP members Todd Cramer, Zodiac Pool Systems, Inc.; Tom Dankel, Aquamatic Cover Systems; Bruce Grogg, Latham Pool Products; and Michael Shebek, Automatic Pool Covers, Inc., were able to speak to members of Congress and the EPA about the recent National Pool Industry Research Center evaporation study. The study compared water savings of covers and shed light on the water savings potential that a cover can provide the over 5 million residential pools that exist across the country.
Across the US, an average residential pool (300 sq. ft.) could save more than 7,700 gallons of water, per year, by utilizing a pool cover. And by preventing evaporation, the home owner saves money on energy too.
WaterSense designation offers a simple way to identify products and services that are water efficient. Products and services that have earned the WaterSense label have been certified to be at least 20 percent more efficient without sacrificing performance.
“The work of this Coalition, if successful in obtaining EPA WaterSense designation, will be a win for consumers who will have greater knowledge of these water and energy saving products, and for state government looking to lessen water consumption,” said APSP Director of Government Relations Jennifer Hatfield.
“APSP has a long, successful tradition of creating industry coalitions when segments of the pool, spa or hot tub industry find themselves facing an issue or want to be part of the solution. Often bringing together competitors to fight unfair or unreasonable legislation and regulation, or taking action to prevent such a thing from occurring, we enable our members to accomplish major savings and relief that they could not have done on their own,” Hatfield added.
For more information on the APSP Water Conservation Coalition or creating a coalition, email Hatfield at jhatfield(at)apsp.org.
Link to APSP
Left to Right: Bruce Grogg, Latham Pool Products; Tom Dankel Aquamatic Cover Systems; Congresswoman Susan Brooks (R-IN, 5th District); and Michael Shebek, Automatic