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November 2013 | Volume 10 | Issue 11

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Emergency Savings

The Why, How and Where to Prepare for the Inevitable

Why: Saving for emergencies is, and should be, a top priority for every American. Maintaining an emergency savings account may be the most important difference between those who manage to stay afloat and those who sink in debt. That’s because keeping $500 to $1,000 of savings for emergencies can allow you to easily meet unexpected financial challenges such as:

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First Community Investment Center News

Life Insurance … is it time?  Have you been putting it off?

Presented by Jim Ulman and Clint Squier, Registered Representatives with First Community Investment Center
 
Prepared by MarketingLibrary.Net Inc.

A March 2011 survey from Genworth Financial and the University of Virginia’s Darden School of Business found that almost 70% of single parents and 45% of married parents were living without any coverage.1

Why don’t more young adults buy life insurance? Shopping for life insurance may seem confusing, boring, or unnecessary. Yet when you have kids, get married, buy a house or live a lifestyle funded by significant salaries, the need arises.

Finding the right policy may be simpler than you think. There are two basic types of life insurance: term and cash value. Cash value (or “permanent”) life insurance policies offer death benefits and some of the characteristics of an investment – a percentage of the money you spend to fund the policy goes into a savings program. Cash value policies have correspondingly higher premiums than term policies, which give you death benefits only and have terms of 10 years or longer. Term may be a good choice for young adults because it is relatively inexpensive. But there is an economic downside to term life coverage: if you outlive the term of the policy, you and/or your loved ones get nothing back. Term life policies can be renewed (though many are not) and some can be converted to permanent coverage.2

The key question is: how long do you plan to keep the policy? If you don’t want to pay premiums on an insurance policy for more than 10 years, then term life stands out as the most attractive option. If you are just looking for a short-term hedge against calamity, that’s the whole reason behind term life insurance. If you’re getting into estate planning, then permanent life insurance may prove a better choice.

Confer, compare and contrast. Talk with a financial or insurance professional you trust before plunking down money for a policy. That professional can perform a term-versus-permanent analysis for you and help you weigh per-policy variables.

Give us a call today. Clint Squier and Jim Ulman may be reached at (708) 946-2246.

Jim and Clint

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Citations.
1 - mainstreet.com/article/moneyinvesting/insurance/study-70-single-parents-forego-life-insurance [3/25/11]
2 - money.msn.com/life-insurance/term-or-permanent-life-insurance.aspx [3/16/11]

This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

 

Retirement Planning Seminar

You’re Invited! Join us on October 15th from 6:00 – 8:00 PM at our Beecher Financial Center for an Investment Center Retirement Planning Seminar. We will have pizza and refreshments as well as two speakers to talk about topics in the investment industry. Topics regarding saving for the future and getting on the right path. This is a no obligation event. We are offering it as a community service and welcome you to join us.

If you plan to attend, please RSVP to Jim Ulman, Registered Representative at (708) 946-2246.

Download Seminar Invite

Invite

Investors should carefully consider a fund’s investment goals, risks, charges and expenses before investing. To obtain a summary prospectus and/or prospectus, which contains this and other information, talk to your financial advisor. Please carefully read the prospectus before you invest or send money. Not FDIC Insured | May Lose Value | No Bank Guarantee

This seminar has been funded in whole or in part by Four Seasons Financial Group, Inc. and Lincoln Financial Group.  Securities and insurance products are offered by Cetera Investment Services, LLC, an independent, registered broker/dealer. Member SIPC. First Community Investment Center is Located at First Community Bank and Trust, 1111 Dixie Highway, Beecher, IL 60401.

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Upcoming Bank Holidays

 

Columbus Day: The bank will be closed on Columbus Day, Monday, October 14th, 2013.

Veteran’s Day: The bank will be closed on Veteran’s Day, Monday, November 11, 2013.

Thanksgiving: The bank will be closed on Thanksgiving, Thursday, November 28, 2013.

 

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Member FDIC | Equal Housing Lender An Equal Housing Lender

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First Community Gold Club News

Our Gold Club is for those customers who are 55 years of age or better and have at least $1,000 in any combination of accounts with our bank. Members receive increased rates on CDs, free check offers, two free dinners per year, and much more. First Community Caravan is open to anyone and can be enjoyed by customers and non-customers alike. If you are interested in signing up for our Gold Club or for one or more of our trips, contact Irene Brothers today at (708) 946-2246.

Fall Gold Club Dinner – October 30, 2013

Beecher Amvets Hall, Beecher, IL

The Fall Gold Club Dinner is scheduled for Wednesday, October 30th, 2013. Get ready for a ghoulish time with friends as we prepare for Halloween. We will be serving homemade meatloaf with garlic smashed potatoes and finish off the meal with some Halloween inspired ice cream sundaes!

We are happy to announce that we will have Mary Ann Batterman with Senior Assistance Center in Peotone as our guest speaker on this evening. She’ll briefly discuss the Circuit Breaker Program that may save seniors money.

Call Marcia or Irene at (708) 946-2246 to reserve your seat today!

 

AARP Drivers Course – October 23 & 24, 2013

Washington Township Building

Sign up for our popular refresher-driving course. Most insurance companies offer discounts for Drivers Courses taken*. Dates for AARP Drivers Course are October 23rd & October 24th from 12:30 PM - 4:30 PM. Cost: $12.00 for AARP Members - $15.00 for Non AARP Members.

Contact Irene at (708) 946-2246 for more information and to make a reservation.

* Discounts vary by insurance carrier. Be sure to check with your agent.

 

A Christmas Carol, The Musical – December 3, 2013

The Centre for Visual and Performing Arts, Munster, IN

Come join us for a day at the theater as the ghosts visit Ebenezer Scrooge on Christmas Eve and he get a chance for redemption as the (the audience) revels in the story’s emotional power and joy that comes with the memorable music.  It’s a perfect way to get into the Christmas Holiday spirit!

Take note the date for this event is Tuesday, December 3rd. All matinees on our normal Thursday trips have been sold out. Cost of the trip will be $70.00, which includes transportation, lunch and show. Your choice of Roast Turkey with Gravy or Roast Sirloin of Beef with Gravy must be given at time of reservation.

Call Marcia or Irene at (708) 946-2246 for reservations.

 

Horseshoe Casino Trip – December 5, 2013

Horseshoe Casino, Hammond, IN

Join us on Thursday, December 5th for our next excursion to Horseshoe Casino in Hammond, IN. and try your luck at some games of chance. If you don’t gamble, feel free to join us for lunch, people watching and hanging out with friends.

We will pick-up our guests in Peotone at 9:00 AM and in Beecher at 9:30 AM. The cost of this trip is $27.00 for Gold Club Members and $29.00 for non-members. Price includes buffet lunch and $10.00 for gaming.

NOTE:  Please make all payments for this trip by November 22nd.

Call Marcia or Irene at (708) 946-2246 for reservations.

 

View First Community Gold Club Web Page

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Member FDIC | Equal Housing Lender An Equal Housing Lender

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2013 Customer Appreciation

 

Annual Peotone Blue Devils Tailgate Party

Join us on Friday, October 11th from 4:00 – 7:00 PM at our Peotone Financial Center for a Tailgate Party to set the stage for the highly anticipated Peotone High School Homecoming Football Game later that night! Stop by for a hot dog or brat and chips, soda, Blue Devil Tattoos, raffles and more. Help cheer on the Blue Devils to victory!

Look for the large banner on our Peotone Financial Center!


 

Halloween Coloring Contest

Bring the kids to the bank starting on October 7th to pick up a picture and entry form for the FCB&T Halloween Coloring Contest. Your child can color a picture, bring it back to either bank location by October 25th, with the entry form, and we’ll pick a winner by October 30th.

Age groups for the coloring contest are 4-8 and 9-12. One winner from each age group at each location will be chosen. Winners will receive $20 cash and a gift certificate to a local restaurant.
Good luck boys and ghouls!!

 

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Member FDIC | Equal Housing Lender An Equal Housing Lender

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