Think You Don't Need Life Insurance? Think Again.

Life Insurance Awareness Month begins in September and with a large proportion of the population without life insurance, Ibis Financial Group is dedicated to helping consumers make smart insurance decisions to safeguard their families' futures.

Orlando, FL, September 02, 2009 --( If you died tomorrow, how would your loved ones fare financially? It’s not a pleasant scenario to think about, but not doing so can have serious consequences. September is Life Insurance Awareness Month, and Ibis Financial Group in Orlando is asking people to think about their life insurance needs to ensure their families would be adequately protected if the worst were to happen.

”The fact is, most Americans need life insurance,” says Daniel C. Zagata, Managing Director of Ibis Financial Group. “If someone depends on you financially, you need life insurance. It’s that simple. Unfortunately, nearly 70 million adult Americans have no coverage at all, and most of those who do have far less coverage than financial experts recommend.”1

Life insurance, Zagata points out, provides cash to your family after your death. Known as the death benefit, it can help your family pay for the funeral and other final expenses, eliminate credit-card balances and car loans, and provide loved ones with income to live on for a period of time.

Whether a person needs life insurance depends on his or her particular situation and financial objectives. For help determining if you need life insurance, Zagata describes why coverage needs to be an important consideration for each of the following six scenarios:
You’re Married. Married people share a life with one another, but also share financial obligations. If you died suddenly, would your surviving spouse have enough money to pay for your final expenses and buy time to adjust to a new way of life? Life insurance can help ensure that these financial goals will be met.

You’re Married with Kids. Having kids is the most obvious reason to own life insurance. If you and your income were suddenly gone, would your spouse and kids be okay financially? Life insurance replaces lost income to help make sure those who depend on you will be provided for, no matter what life throws your way.

You’re a Single Parent. As a single parent, you're the caregiver, breadwinner, cook, chauffeur, and so much more. You need to make doubly sure that you have safeguarded your children’s future in case you are no longer there to care for them. Make sure you have enough life insurance and designate who will take care of your children in case the unthinkable were to happen.

You’re a Stay-at-Home Parent. Just because you don't bring home a paycheck doesn't mean you don't make contributions to your family that would be expensive to replace. If you were no longer there, could your spouse afford to pay someone to provide the childcare, transportation, cleaning, cooking and other household responsibilities that you handle everyday?

You’re Approaching Retirement. The kids may be gone and the mortgage paid off, but that doesn't mean Social Security or your savings will necessarily take care of everything that lies ahead. If you died tomorrow, would your financial strategy, without insurance, enable your spouse to maintain the lifestyle that the two of you worked so hard to achieve?

You’re a Small Business Owner. Life insurance can help protect your business in a number of ways in the event you, your partner, or a key employee dies prematurely. A buy-sell agreement funded with life insurance allows surviving business owners to buy the company interests of a deceased business owner at a previously agreed-on price. Key-person insurance can provide business owners with the flexibility to hire a replacement when the key employee dies.

“Life Insurance Awareness Month is the ideal time for a life insurance review,” says Zagata. “I urge everyone in the Orlando-area to take a few minutes out of their busy schedules this month to make sure their families would be okay financially if the worst were to happen.”

About Life Insurance Awareness Month
Held each September, Life Insurance Awareness Month is an industry-wide effort that is coordinated by the nonprofit Life and Health Insurance Foundation for Education (LIFE). The campaign was created in response to growing concern about the large number of Americans who lack adequate life insurance protection. For more information on life insurance, visit LIFE’s website.

*Life insurance products contain fees, such as mortality and expense charges, and may contain restrictions, such as surrender charges.

About Ibis Financial Group
Ibis Financial Group is a comprehensive financial services firm that is headquartered in Boca Raton located at 7284 W. Palmetto Park Road, Suite 106, Boca Raton, FL 33433 and has two additional office locations in Palm Beach Gardens and Orlando. Ibis Financial Group currently has over 35 financial advisors and support staff. For additional information, please visit our website. Ibis Financial Group is part of the Securian Financial Network. The Securian Financial Network is a nationwide network of financial service firms and financial specialists. It is the marketing name for the sales and distribution arm of Securian Financial Group, Inc., its subsidiaries and affiliates, including Minnesota Life Insurance Company

About Securian - Securian Financial Group helps provide financial security for individuals and businesses in the form of insurance, retirement plans and investments. Affiliates include Minnesota Life Insurance Co., Advantus Capital Management, and Allied Solutions, LLC, Securian Financial Services, Inc., Securities Dealer, Member FINRA/SIPC and a Registered Investment Advisor. As of January 31, 2008, Securian has $673 billion of life insurance in force, $30 billion in assets under management, and a work force of 3,300 employees nationwide. Securian serves more than 7,000,000 individuals in all 50 states, the District of Columbia, and Puerto Rico.

1. LIMRA International, Trends in Life Insurance Ownership, 2005

DOFU 8/09

Ibis Financial Group
Allison Ng