Notice to Fireman’s Fund Policyholders
ACE Private Risk Services purchased the renewal rights for the Fireman’s Fund Personal Lines book of business.
Effective August 1, 2015 Fireman’s Fund policyholders will be converted to ACE Private Risk Services. ACE is a leader in financial strength among High Net Worth insurance carriers.
ACE Private Risk Services was created from a renewal rights conversion of the Atlantic Mutual business. ACE Group has completed over 10 similar transactions in the last five years alone, and is well prepared to convert the Fireman’s Fund business.
The strength, scope, and expertise of the combined teams will offer clients in all facets, including underwriting, claims, service, and risk consulting.
The vast majority of our Fireman’s Fund clients will receive replacement policy offers from ACE Private Risk Services at their next renewal.
If you have any questions or concerns regarding this change, please reach out to your Account Executive for assistance.
Life Insurance Choices
Protecting your family with the right amount and right type of life insurance is an important responsibility. The first step is to determine how much life insurance you need to fully protect your loved ones. Once you know how much you need, the next step is to decide what type of coverage is right for you.
There are two basic types of life insurance to choose from:
- Permanent insurance offers lifetime protection, which means that your beneficiaries will receive a death benefit no matter how long you live. Whole life insurance is one type of permanent coverage that also accumulates guaranteed cash value which can be used to help address life’s opportunities and challenges. For example, people may buy homes because they need places to live. However, during the latter part of their lives, the equity in their homes may help them address other financial needs, such as helping to pay for their children’s college educations or providing additional funds for retirement.
- Term insurance provides temporary coverage for a specific period of time and only offers death benefit protection. Consequently, the initial premiums for term insurance may be lower than for a comparable amount of permanent coverage. In addition, there is no cash value component with term life insurance.
Many people find that a combination of both permanent and term coverage helps provide the protection and accumulation they need, at a price they can afford.
Douglas W. Greene CFP® CLU®
101 Federal Street, Suite 800 | Boston, MA 02110
Phone 617-305-0360 | Cell 781-640-5718 | Fax 617-723-7275
The Importance of Resistance Training
Many Americans are aware that about two hours and 30 minutes of exercise each week is necessary to stay healthy, and many of those individuals choose an aerobic activity, such as running or biking. however, recent research has shown that splitting your two hours and 30 minutes of exercise between varied activities—aerobic and muscle-strengthening—improves health the most.
According to the American College of Sports Medicine, adults should aim to do muscle-strengthening activities, such as weightlifting, at least two times a week. Right now, only about 1 out of every 3 adults meets this goal.
A common misconception that many people have is that muscle-strengthening activities are more suited for men, which may stem from the misguided belief that women will “bulk up” too much from that type of exercise. However, women generally do not have the same level of anabolic hormones, which is what
causes men to build larger muscles more easily.
In fact, muscle-strengthening activities are extremely important for women to engage in because they are more likely to develop problems with their bones and joints as they age. Increasing muscle strength—through weightlifting or other resistance training—can help prevent those problems.
Resistance training can also help with the following:
- Increasing flexibility and balance, which decreases the number and severity of falls a person may experience as he or she ages.
- Maintaining proper weight, as people who have more muscle mass have a higher metabolism—sometimes up to 15 percent higher
Before beginning a new exercise routine or changing up an old one, speak to a medical professional to ensure you are healthy enough. And remember that commitment to a regular physical activity program is more important than the intensity of your workouts, so be sure to choose muscle-strengthening exercises you enjoy.
At Cleary, we know how important a comprehensive benefits package can be to your continued success. Give us a call today at 617-723-0700 and we will work with you to create a plan that meets your business objectives, takes into account state and federal laws, and capitalizes on incentives and innovative solutions now being offered.