Jesse Abercrombie: February 28, 2019

ARE YOU WALKING A FINANCIAL TIGHTROPE WITHOUT A SAFETY NET?

FEBRUARY 25-MARCH 1ST IS AMERICA SAVES WEEK

 

Jesse Abercrombie

AAMS®, Edward Jones Financial Advisor

We work hard to provide for ourselves and our families, yet, too few Americans are taking the necessary steps to help protect their hard-earned savings, their families and their future. According to a recent survey conducted by Edward Jones, 81% of Americans agree that their family is one of their most valuable assets, but less than half are protecting their family with an individual life insurance policy.  In fact, one third of Americans specified that life insurance is not a priority when starting a family.

Financial Expert, Jesse Abercrombie will discuss America Saves Week and the importance of protecting your financial goals and help ease the process by demystifying life insurance. Making any kind of financial decision, including buying life insurance, can seem daunting at first, but they will explain the benefits that a policy can provide and share some tips on achieving greater financial security.

Some of his tips include:

  • Educate yourself: A lack of awareness and common misconceptions of how life insurance can fit your needs is among the most detrimental to long-term financial goals. Life insurance is an essential part of helping safeguard your family and your retirement strategy, yet nearly one-quarter of respondents were unable to identify any expenses that life insurance can cover.
  • Protect yourself from the unexpected: Having an emergency fund that covers three to six months of expenses is important, but what happens when your needs last longer than 6 months? Most Americans do not have protection against a longer-term need. Life insurance can cover expenses like funeral costs, retirement income, educational costs and more, which is why individuals should explore life insurance.
  • Group life insurance through the workplace: While a good starting point, life insurance through work typically only provides benefits equal to one or two times your annual salary. Growing families usually need greater protection.
  • Find a source you can trust: A financial advisor is the best person to turn to for advice on insurance. They will get to know your financial goals and your aspirations for the future and can help you choose insurance that best fits with your overall financial goals and budget.

 

MORE ABOUT JESSE ABERCROMBIE

In 2003, I began my Edward Jones career as a financial advisor in Dallas. As an Edward Jones financial advisor, I believe it’s important to invest my time to understand what my clients are working toward before they invest their money. Working closely with the client, their CPA, attorney and other professionals, I can help determine the most appropriate financial strategy for my clients. I can also help with a retirement savings strategy so there are options when clients retire.

I earned a bachelor’s degree in finance and financial planning from the University of North Texas. I received the AAMS® designation from the College for Financial Planning. The AAMS® designation is awarded to individuals who successfully complete a 12-module professional education program, pass a final examination, commit to its code of ethics and agree to pursue continuing education.

I have been active in business and civic affairs in Dallas for many years. I’m on the advisory committee for The Dallas Foundation and the Communities Foundation of Texas. I’ve also served as a committee member for the Barbara Bush Foundation for Family Literacy.

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