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Show Cash-Valiie Insurance or Term Insurance; Which is best for you? Vernal Express, ttednesdty, April 27. 2005 C3 Submitted by Delmer Hyde Term insurance is the mni fundamental type of life instance. inst-ance. You purchase coverafc for a designated period, froji one to twenty or even thirty years, and the policy will p-o-vide a death benefit if you. (ie during that period. Many pli-cies pli-cies let you renew your cqer-age cqer-age for repeated terms uitil age65or70. , ' Term insurance is poptlar with younger people becaue it provides the maximum amount of coverage for the lovest cost. Early premiums are normally nor-mally relatively low, but, jhey increase considerably as jyou become older. For this rejson, term life insurance is usually a better value for shorter-term insurance needs. 1 : Cash-value or permanent life insurance, such as universal uni-versal and whole life policies, combines death benefit and a tax-deferred savings element.! Annual , premiums for cash-value cash-value policies generally are higher initially than those of term policies. This is because part of each premium pays for insurance and the remainder is invested to build cash value. Cash value is what you can borrow from the policy or receive by surrendering it. The amount can build through professional pro-fessional investment management manage-ment over the life of the policy. These funds are often used as supplemental retirement benefits ben-efits because they accumulate tax-deferred until you withdraw with-draw them. Loans and withdrawals with-drawals will reduce the policy's cash value and death benefit and may increase the chances that the policy will lapse. The decision is yours. Which type of policy is "' appropriate for you? The answer depends on several factors fac-tors . V - ' -' Your needs. If you need coverage cov-erage only until your teenage children graduate from college, col-lege, for example, you might be better off with a term policy. Cash-value insurance is better suited for long-term goals, such as planning for estate taxes and providing lifetime security for your spouse. Some term policies poli-cies cannot be renewed past age 70. The cost. Term is less costly when young, but can become costly to renew. If term insurance insur-ance is more suited to your present budget and you want lifetime coverage, consider a term policy which may be converted con-verted into a cash-value policy. Your savings and investment invest-ment goals. Cash-value life insurance can be a good long- term investment vehicle, especially espe-cially because the cash value has the potential to grow tax-deferred. tax-deferred. Should you no longer need the insurance but want some extra cash, you may surrender sur-render the policy and collect the accumulated cash value. Be sure to discuss the tax consequences conse-quences with your tax advisor first.' As an alternative, you could purchase term insurance and invest what you save on premiums premi-ums on your own. Compare the returns you can expect, and remember to take taxes into consideration if you plan to select taxable investments. Term and cash-value life insurance both have advantages. advan-tages. Deciding which type of policy and which features are right for you takes careful consideration. For more information, infor-mation, contact your financial professional. AXA Advisors, LLC does not provide legal or tax advice. Please consult your tax or legal advisor regarding your individual individ-ual situation. Delmer P. Hyde, CLU, ChFC offers securities through AXA Advisors, LLC (member NASD, SIPC) 1218 West Highway 40, Vernal, UT, 84078 and offers annuity and insurance products prod-ucts through an insurance brokerage bro-kerage affiliate, AXA Network, LLC and its subsidiaries. . GE-28722 UMTAto present concert Utah Music Teachers Association and the PEO Sisterhood will present a piano concert entitled "Take a Journey Through the Classics." The concert will be held on Monday, May 2 at 7 p.m. at the Vernal Middle School auditorium. audito-rium. Experience the talent of award winning area piano students stu-dents as they present music from all eras of classical music. Advanced tickets are available avail-able at Vernal True Value and Davis Jubilee in Vernal and Roosevelt. Wednesday, April 27 is National Secretary's Day Administrative Professionals Profession-als (Secretary's) Day is Wednesday, April 27. National Professional Secretaries Secre-taries Week and National Secretary's Day was created in . 1952 through the work of Harry F. Klemfuss of Young and Rubicam. Klemfuss recognized rec-ognized the importance and value of the position to a company com-pany or business. His goal was to encourage more women to become secretaries. Using his skill and experience in public relations, Klemfuss, promoted the values and importance of the job of secretaries. In doing so, he also created the holiday . in recognition of the importance impor-tance of secretaries. Today, the title is changing chang-ing and evolving. But, the recognition is equally important. impor-tant. There are two new terms in use today. They are "Administrative Professionals'' and "Executive Admins.'' The two names sometimes mean different roles and responsibilities responsi-bilities to different companies. Both are broader terms that encompass more positions than the original "Secretary" role. The name change recognizes and acknowledges that the role has changed significantly since 1952, and for the better at that And in Harry Klemfuss' day, these postions were the realm of women. Today, you find many males in these positions as well The most common ways of recognizing your administrative administra-tive professional(s) today are: Flowers; cards, often with shopping gift certificates; lunch; candies, and assorted gift baskets. Jesslyn Davies Ada Ridings flv ' fa , Tyrael Powell Bradee Clapper i v Amylia Anthon One Year Olds Jesslyn Lee Dayies, daughter of Jessup and Amanda Davies, was born April 16; 2004. Ada Lyn Ridings, daughter of Joseph V. Ridings and Peggy C. Ridings, was born April 21, 2004. Tyrael Powell, daughter of Wes and'- Stacey Powell, was born April 29, 2004. Bradee J. Clapper, son of Brandi Dimick and Jesse Clapper, was born April 28, 2004. V Amylia Wendy Anthon,. daughter of JW and Wendy Anthon, was born April 16, 2004. mt I L Chevron gives to scouts Chevron Texaco donates $500 to local boy scouts. Dave Papadakqs accepts the check from Dan Volz. l Women of Uintah County Unsung Heroines SEND IN YOUR NOMINATIONS TODAY! On May 4th the Vernal Express will do a special section on outstanding Women in Uintah County. You can mail in your nominations or simply drop them off at the Vernal Express at 54 North Vernal Avenue, but do it today and participate in the voting process. Deadline is April 29th at 5:00 pm) Women of Uintah County Name of Nominee: tyhy she Featured: Hm The K12 curriculum is a complete online school computer program with offline learning materials. K12 covers traditional subjects with hundreds of lessons per grade. Join us at a Parent Information Session to learn more about Kl 2. Western Park Convention Center 300 E. 200 S. Vernal, Utah 84078 ' 2 p.m. Overview I Q& A 6 p.m. Overview I Q& A -Pizza Served Children are invited We will explain the two ..... options available to you: 1) Purchase Kl 2 courses and materials for use in a homeschool 2) Enroll in a district sponsored program; allows families to school at home. Deidre Durrant: 435-789-2445 !T'V Please RSVP JanetAikele,K12Inc. 208-527-3410 (office) jaikelekl2 .com Submitted by: Mail or drop off your nominations to: The Vernal Express 54 North Vernal Avenue wmm iiiilpiiliii A ft ... 1 I -: ' i i ',a v ' ' ' You have a vision. The equity in your home can make it real. VI 9 The Next Stage When it comes to making the most of your home, nobody can help you like a Wells Fargo banker. We lihen tq your needs and can help you choose the Innovative home equity account that's just right for you. To learn more about home equity financing or for any financiafservices you need, stop by Wells Fargo and talk to a banker, call l-800-WFBpPEN (1-800-932-6736) or click on wellsfargo.com. r r Ask about the unique SmartFrt Home Equity Account?1 only from Wells Fargo! Low initial fixed rate Low interest-only payment option Apply for $50,000 for just $2667month $266 interest-only monthly payment will not reduce the principal balance of the account. 6.375 Initial Fixed Annual Percentage Rate (APR) in effect as of April 2,2005 and applies to applications for a WeUs Fargo SmartFrt Home Equity Account (classic account) made at participating Wells Fargo stores in Utah only. This initial fixed APR is based on certain criteria, including: excellent borrower credit history, an initial advance amount of $50,000, a 3-year term on the initial fixed rate advance 80 maximum combined loan-to-value, and account secured by an owner-occupied residence. Initial fixed APR subject to change without notice. 5 and 7-yea fixed rate advances are subject to higher rates. Quoted rate includes a 0.25 discount for automatic payment from a qualified deposit account, and a 0.50 discount for a Wells Fargo Pack relationship. If these options are not selected or cancelled at any time after the account is opened, the advertised rate will increase The Annual Percentage Rate (APR) for all subsequent advances made during the remainder of the 1 0-year draw period and balances outstanding at the end of the fixed rate period is based on an Index and margin and is subject to chanoe dairy The Index is the highest Prime Rate published daily in the Money Rates Table of The Wall Street Journal (Western Edition).The Index as of April 2, 2005 is 5.75 Margins vay by Welk Fargo market and are based on Bank evaluation of borrower credit historv available home equity, property type, and the amount of credit requested. Margins for accounts secured by an owner-occupied residence currently range from .25 to 3.75 resulting in corresponding APRs ranging from 5 J0 to 950 Additional margin discounts based on Wells Fargo Bank relationships are available in certain markets; ask us for details. The APR will never be less than 424 or more than 18.00 $75 annual fee is charged beginning 3 years after the account ooenina$50 conversion fee for fixed rate advances is waived. $500 prepayment fee due if, at any time within the first 3 years, the account is closed. Opening fees and costs range from' $0.00 to $5,000 basedon the state in which the property is located and the amount of credit extended. All or a portion of these fees and costs may be paid to Wells Fargo, its affiliates or third parties as necessary to obtain secured credit The account consists of a 10-year Draw Period followed by a 15-vear or 30-vear Repayment Period depending on the outstanding balance of the line of credit at the end of the Draw Period. Property insurance and flood insurance (if applicable) are required. Minimum ne of credit amount is $10,000: rnmumTne ofcredit .amount is $500,000, based on Wells Fargo underwriting standards, including an evaluation of borrower's credit rating, property type and combined loan-to-value. Wells Fargo SmartRt Home Equity Account (mortgage account for mortaaoe .purchase money transactions) is also available; contact us for rate and term information. i , .. . .- , . . Vt . e 2005 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. ' . - |