Category Archives: Life

September is Self-improvement month

september self-improvement monthWere you aware that September is self-Improvement month? We may not have stuck to our New Year’s resolutions, but this doesn’t mean we can’t take the time this month to think of some ways to improve ourselves. Here are some great suggestions that you might think about trying.

  1. Set goals:  give yourself some goals to look forward to whether in the immediate future or distant future.
  2. Think positive:  thinking positive will bring out the best in you.  Steer away from negativity.  Try to look at the brighter side of things.
  3. Be grateful: express gratitude whenever you can.  Gratitude really does wonders.
  4. Exercise: even a 20 minute light work-out can lower stress make you feel better mentally and physically
  5. Increase your knowledge:  study a subject that you’ve always wanted to learn more about.  This will boost your confidence and increase your intelligence.
  6. Get organized: try planning your day in advance to help you keep you more organized.  Spend the day going through important documents and getting them organized (such as your home and auto insurance records)
  7. Surround yourself with good people: Associate with people with positive people.  Spend time with friends and family that make you feel loved and respected.
  8. Treat yourself: take care of yourself first.  Look after your health and happiness.
  9. Travel: seek new adventures, try new things, go to places you always wanted to visit
  10. Finish what you started: don’t leave things undone.  Finish what you start and only take on projects that you know you can finish in a timely manner.
  11. Find a hobby: is there something you’ve always wanted to learn.  Take on a hobby, not only do you learn something new you can relax and enjoy it.
  12. Change one habit: find one habit that you would like to change and work on it.  This will make you a better person.

These are just a few examples of things you can do to improve yourself.  We hope you will take the time to try a few.

Penny Hanley & Howley Insurance

Protecting YOU is our Job

The importance of Life Insurance

Life Insurance is one of those things we really never stop to think about how important it really is.  We came across this great blog that explains the true benefits of Life Insurance.  Don’t wait till it’s too late.

Blog written by Retire Station Network

Life insurance is worth every penny. But the tragic truth of it is that most people put off buying life insurance, because they see it as a “far off” type of insurance that has no real value earlier in life. However, the fact of the matter is that life insurance provides a peace of mind that nothing else really can. Though life insurance packages vary depending on the type of coverage might want as well as the amount of money they are willing to spend on such protection, each type provides the same general aura of self-assurance. This is because the Benefits of Life Insurance include:

Life insurance offers mortgage protection.

This specific type of coverage ensures that if a member of the family dies and that member is essential to the paying of mortgage loans, that amount will be handled, in part or in whole, by the policy premium. This allows those left behind to have defrayed mortgage payments to compensate for the loss of income.

Life insurance offers income replacement.

In the same way, if a major breadwinner of the household passes away, income replacement will be necessary to see to it that all other bills and necessities are handled. This ensures that those left behind are not left holding the proverbial bag.

Life insurance handles final expenses.

Funeral costs, medical bills and anything else that comes as a result of a member of the family passing can be handled by life insurance. With the amount paid to the beneficiary, final expenses are taken care of as well, even if the final expenses turn out to be higher than anticipated.

Life insurance can be geared towards college funding.

College funding is a major concern to many individuals. They want to know how their children will be able to pay for the vast expense of college. If those dependents were relying on the income of a loved one who passes away, this type of protection will compensate for the loss.

Though such things are not exactly pleasant to think about, it is worth looking into this type of coverage to ensure that the aforementioned concerns are seen to properly.

For more information on Life Insurance give Penny Hanley & Howley Insurance a call at 860-684-2721.

Life Insurance Policy- Choosing the right one

This is a topic that is important to everyone, so we felt the need to discuss it.  This article written by Dale C. Roberson does a great job covering all you need to know about choosing the right Life Insurance Policy for you.

Choosing a Life Insurance Policy by drclawblog

Deciding which type of life insurance to purchase can be a confusing process. Term life? Variable life? Whole life? Universal life? What do these terms mean and which option is right for your situation? Here’s an introduction to the basic choices.

There are two main types of insurance: term and permanent. These two main alternatives differ on how long you are covered and whether or not the policy includes a cash value.

Term life insurance.  Term life insurance is the simplest type of insurance. You buy a policy for a set number of years and you have coverage for those years. In general, your premiums will remain level for the term. If you die within the term, your beneficiaries will receive a death benefit. However, once the term ends, your coverage ends. Some policies are “guaranteed renewable.” This means that you can renew the policy for another term without having another medical exam, but your premiums will probably increase. Some term policies also allow you to convert a term policy into permanent insurance.

Term insurance is usually purchased to cover a short- to medium-term need, such as a mortgage or a child’s education. You can purchase level term insurance where the premiums and death benefit remain the same, but there are other options. If your need for insurance will decrease over time, you can purchase deceasing term insurance in which your death benefit is reduced over the term. Conversely, if your need for insurance will increase over time, you can purchase increasing term insurance in which your premiums and death benefit rise over the term.

Permanent life insurance.  There are many different types of permanent life insurance (also called cash value insurance), but the four main types are whole life, universal life, variable life, and universal variable life. All permanent life insurance policies provide coverage for life (or for as long as you pay premiums). The other feature of permanent insurance is that in addition to paying a death benefit, the policy builds a cash value, which can be used as collateral for a loan or withdrawn from the account. A portion of your premium payments goes into a separate cash account that grows over time. Keep in mind, however, that loans or withdrawals will reduce your death benefit. You may have the option to add your cash value to your death benefit when you die, although you will probably have to pay more for this type of policy. In addition to the above, each of the following main types of permanent life insurance has its own specific features and variations:

Whole life insurance. With whole life insurance, you pay a set premium and receive a set death benefit. In addition, the cash value is guaranteed. Whole life insurance is a good option if you are looking for stability in premium payments, cash value, and death benefit.

Universal life insurance. Universal life insurance gives you the option of flexible premiums, cash value, and death benefit. The main feature of universal life insurance is that you can use any accumulated cash value to pay your premiums. You need to be careful, however, that you have enough cash value to skip premium payments or your policy will lapse. In addition, you can change the death benefit, although you may have to go through the insurability process again. Universal life insurance is a good option if you are worried about the ability to pay premiums in the future and want the ability to change your premiums and your death benefit.

Variable life insurance. Variable life insurance gives you the ability to invest your cash value. Your premium payments are level, but you can direct your cash value payments into subaccounts that are similar to mutual funds. Your cash value and your death benefit will vary depending on the performance of the accounts, although some policies may contain a guaranteed minimum for each. Variable life insurance is appropriate if you are using the policy as an investment and want to control your investment options. It is usually better for younger buyers who can afford to take more risks.

Variable universal life insurance. As the name suggests, variable universal life insurance combines the flexible premiums of universal life insurance with the investment choices of variable life insurance. There is no guaranteed minimum cash value, but most policies have a minimum guaranteed death benefit provided you pay the premiums for a set number of years. Like universal life insurance, you may be able to change your death benefit, but you will have to go through the insurability process again. Variable universal life insurance is a good option for young purchasers.

For questions regarding Life Insurance give Penny Hanley & Howley Insurance a call at 860-684-2721


September is Life Insurance Awareness Month

About Life Insurance Awareness Month

Held each September, Life Insurance Awareness Month is an industry-wide effort that is coordinated by the nonprofit LIFE Foundation. The campaign was created in response to growing concern about the large number of Americans who lack adequate life insurance protection. Roughly 95 million adult Americans have no life insurance, and most with coverage have less than most insurance experts recommend. For more information on life insurance, visit LIFE’s website at

Facts from LIMRA

Who’s at risk?
 Three in ten American households (35 million) are
uninsured and half say they need more life insurance.
 More than half of Gen X and Y households – representing
30 million people – need more life insurance.
 The middle market represents the largest segment of
uninsured households, with half (36 million) admitting
they need more life insurance.
 Seven in ten women agree that life insurance is a
necessity and all people should have it (only 62 percent
of men believe this to be true).
 One-third of wives own no life insurance at all – despite
the fact that 7 in 10 households are dual-income
households, and nearly 30 percent of wives earn more
than their husbands.*

Is your life Insurance Policy adequate?  Take this time to review your policy with us.  We will be happy to help you make any changes you need to your policy.

If you don’t have a Life Insurance Policy, give us a call to see what options we have to offer you.

Penny-Hanley & Howley Insurance


Do you really think that social networks make you closer to your friends?

I have been thinking about this topic so many times. Still, I am little confused. I can tell that 90% of my Facebook friends   are people that I know. But, very few were exposed to my personal life before Facebook. Guess what … those few do not contact me over the Facebook at all. We still prefer to use phone, Skype, or dates to enjoy in our relationships. Moreover, we check each other Facebook updates very rarely, mostly to keep up on their photos. Still, I have to use my Facebook account every day. Why is that if my need for friends has been fulfilled already?

Hm … In my opinion, the whole idea of small town effect that social networks have is the reason. I think that I use Facebook because of the need to be recognized in the bunch, or heard when there is nobody to listen to me. Is social network the best way to scan others and compare them with you? So, you can rank yourself better… and be satisfied or not with your own achievements.  My true friendships are placed in another, not virtual, dimension. After all, I think that social networks make me closer to what I want to be rather than to make me closer to my friends.

Is all this only freaking me out or there is someone else who would agree with me?

How Important is Life Insurance?

Life insurance is probably one of the most important insurance coverages to have but not a lot of people below the age of 40 have it. The reason? They all think nothing will happen to them so why bother getting the coverage. That’s not true. You don’t have to be 40 or over to get life insurance and being young doesn’t mean nothing will happen to you.

I mentioned in one of my previous posts that recently a 23 year old  friend of mine was diagnosed with cancer. Luckily, it is treatable but if the doctors hadn’t caught it on time, his family members would have had to pay for his medical and funeral costs as he doesn’t have a life insurance policy. That could have been a costly procedure as funeral expenses aren’t cheap nor are medical expenses.

Another example would be a young adult who passed away because of a heart attack. Nobody would expect a person in their late 20s, early 30s to have a heart attack but it is possible. Now his medical bills, funeral costs and his debts have to be paid and they’re all pushed off to the family members. That could be a real hassle and a cumbersome process to deal with if you don’t have a life insurance policy. If you have a policy of $100,00 not only would the medical and funeral expenses be paid but the leftover money would be given to the family members to help them out with other expenses.

If you buy life insurance at a younger age, the monthly cost would be a lot cheaper compared to that of an adult over the age of 40 since you have less problems and are fairly healthy at your prime age. So why not take a few minutes to call us at 860 684 2721 or visit our website to get a quote. It will help you in the long run and secure your family’s future in case something were to happen to you.

Watch this video to find out how important buying a life insurance policy can be.

Droughts and Heat Waves: Be Prepared

These two natural disasters weren’t a threat to mankind up until recently. Sure, they still occurred but not as worse as they are now. What might be the cause of increase heat waves and droughts? My best guess would be global warming. (See Chart Below)

Heat Waves and Droughts, 1980-2010

Heat Waves And Droughts, 1980-2010

The symbols show the most affected regions as of March 2011

Droughts and heat waves accounted for two of the deadliest natural disasters in the world since 1980, including a 2010 heat wave in Russia that caused 56,000 deaths and nearly $2 billion in economic losses, according to Munich Re. The major part of the direct economic losses of heat waves are secondary effects such as drought, subsidence and wildfires, according to Munich Re.

Europe is witnessing a dramatic increase in property damage as a result of drought-induced soil subsidence, according to a 2011 study from Swiss Re. Prolonged dry spells can cause the ground to sink by so much that cracks appear in the earth, tearing apart the foundations of houses, bridges, factories and other structures. In France alone, subsidence-related losses have risen by more than 50 percent in the last two decades.

So, how do heat waves form?

A heat wave is an extended interval of abnormally hot and humid weather, usually lasting from a few days to over a week. Heat waves form when an air mass becomes stationary over a region. In the Eastern United States a heat wave occurs when a high pressure system originating in the Gulf of Mexico becomes stationary just off the Atlantic Seaboard (typically known as a Bermuda High.) The SW winds on the back side of the High continue to pump hot, humid Gulf air North-eastward resulting in a spell of hot and humid weather for much of the Eastern States.

The dangerous heat wave spreading across the United States the third week in July 2010 caused at least 22 deaths and prompted NOAA’s National Weather Service to issue a heat alert affecting approximately 995,000 square miles and 150 million people.

Be Prepared – – Heat Wave Tips:

  1. If a heat wave is predicted or happening – slow down. Avoid strenuous activity. If you have to do strenuous activity the recommended hours are between 4 am and 7 am.
  2. Stay indoors as much as possible. If air conditioning is not available, stay on the lowest floor, out of the sunshine. Remember electric fans do not cool air, but they do help sweat evaporate which cools your body.
  3. Wear lightweight, light colored clothing. Light colors will reflect away some of the sun’s energy.
  4. Drink plenty of water regularly and often, even if you do not feel thirsty. Your body needs water to keep cool.
  5. Water is the safest liquid to drink during heat emergencies. Avoid drinks with alcohol or caffeine in them. They can make you feel good briefly, but make the heart’s effects on your body worse. This is especially true about beer, which actually dehydrates the body.
  6. Eat small meals and eat more often. Avoid foods that are high in protein, which increase metabolic heat.

As long as you stay in a cool place and keep yourself hydrated, you’ll be fine. And remember to check up on elderly friends and neighbors.