Open Enrollment: Time for a Financial Checkup
It’s open enrollment in the health insurance marketplace (Nov. 1 to Dec. 15, 2018) so now is a good time to review your health insurance needs. It’s also a great time of year for a Financial Checkup. Take a look at the products and services available to protect your family against the things than can go wrong so you can focus on making things go right.
Saving for the Future1
Save for the future by learning about basic savings accounts, retirement accounts, and how to make compounding interest work for you. Use this calculator to help determine how much you should consider saving to meet your financial goals.
Are you happy with your current health plan? Health status, premiums, deductibles, and even regulations may change over time. Be sure your health care coverage meets your needs. Take steps to reduce premiums with wellness discounts that may be available to you. And if you're on Medicare, consider options for a Medicare Supplement that's right for you.
Life insurance is the foundation of financial planning and security. It helps your family recover from financial risks and unexpected costs and lets them plan for tomorrow.
Thinking about financial protection and retirement can seem overwhelming, but as your life changes, so does your financial situation. Key life events such as marriage, moving or buying a home, children, job changes and retirement are important indicators that signal changes that might need to be made.
Car insurance? Check. Home insurance? Check. But have you protected one of your most valuable assets? Your paycheck
Among Americans’ top financial concerns is maintaining one’s standard of living in the event of a serious illness or accident. Disability insurance may help address this concern.
Long-term Care Coverage
70 percent of those age 65 or older will need some type of long-term care services during their lifetime.2 Have you thought about how you’ll pay?
1 State Farm Bank, F.S.B., Bloomington, Illinois (“Bank”), is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and may be subject to investment risk, including possible loss of principal invested. The Bank encourages any interested individual(s) to submit an application for any product(s) offered by the Bank. We also encourage you to obtain information regarding the Bank’s underwriting standards for each type of credit or service offered by visiting statefarm.com® or by contacting the Bank at 877-SF4-BANK (877-734-2265). If you are deaf, hard of hearing, or do not use your voice to communicate, you may contact us via 711 or other relay services.
2 National Statistic: Genworth 2017 Cost of Care Survey, conducted by CareScout®, 2017.
Product availability may vary by state. Please contact an agent for more information.
About State Farm®:
The mission of State Farm is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm and its affiliates are the largest providers of auto and home insurance in the United States. Its nearly 19,000 agents and approximately 65,000 employees serve approximately 83 million policies and accounts – approximately 81 million auto, fire, life, health and commercial policies and approximately 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 36 on the 2018 Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com.