Page 18 - Southern Exposure - August '23

Page 18, Southern Exposure

all about KidS finanCial foCuS ®

Identify Dyslexia What Does It Cost

Early Not To Have Life Insurance?

By Jim Forgan, Ph.D., School Psychologist By Sally Sima Stahl

Dyslexia can be It’s probably not on your sense of how much of a death benefit you require from
identified in a child calendar, but September is your life insurance, you’ll need to consider a variety of
who is at least halfway Life Insurance Awareness factors, possibly including your current income, spouse’s
through kindergarten Month. And that means it’s income, the size of your mortgage (in addition to other
and age 5½ or older. a good time to become more liabilities), number of children, educational expenses and
There are always aware of the benefits of final expenses for funeral arrangements.
early warning signs having life insurance – and • What type? You can essentially choose between
like those in Chris the dangers of not having it. two basic types of life insurance: term and permanent.
that point to reading Unfortunately, confusion As its name suggests, term insurance is designed to
difficulty. about some of the basic provide coverage for a designated period, such as 10 or
Chris’ m om elements of owning life 20 years. Generally speaking, term insurance is quite
explained it this way. insurance may be keeping affordable for most people, especially when they buy
In Pre-K Chris had difficulty identifying letters people from getting the protection they need. More policies as young adults. On the other hand, permanent
and the sounds they made as well as rhyming. In than half of uninsured Americans say they have put off insurance, such as whole life or universal life, is usually
kindergarten she still had trouble rhyming. She purchasing coverage because they don’t know what to considerably more expensive than term insurance. This
had trouble sounding out words when reading. Her buy or how much they need, according to Life Happens is because permanent insurance premiums, in addition to
reading was labored, not quick or fluent. She guessed and LIMRA, two nonprofit organizations that provide providing a death benefit, help build cash value, which
words by their first letter. She mixed up letter sound research and education about life insurance. you can typically access through loans or withdrawals,
sequences in a word or forgot the same word she Yet, while this confusion may be understandable, a giving you additional flexibility should your financial
just read on the previous page again and again. She delay in acquiring appropriate insurance can be costly needs change over time. In choosing between term and
seemed to learn best memorizing flash cards. She can in more ways than one. From a strict dollars-and-cents permanent insurance, you’ll want to evaluate several
somewhat read but it has taken way more amounts of perspective, it’s generally much more affordable to buy life issues, such as how long you think you’ll need coverage
flash cards and assistance than should be required. I insurance when you’re younger. But there are potentially and how much you can afford to pay in premiums.
think she has dyslexia. much greater costs involved in not having insurance when Finding out about the benefits, costs and types of life
Our thorough testing confirmed this mom’s it’s needed — and these costs are personal. insurance can help you make informed choices to help
intuition and provided her with the paperwork needed To be specific, what is it worth … protect your family for years to come – so don’t delay
to obtain school help through an Individualized … to know your family could stay in your home if learning what you need to know.
Education Plan (IEP) as well as apply for and receive something happened to you? This article was written by Edward Jones for use by
the Florida Family Empowerment Scholarship. … to know your children could continue their education your local Edward Jones Financial Advisor, Edward
The scholarship money helped mom pay for one- plans? Jones, Member SIPC.
to-one private tutoring using the gold standard … to know your debts could be paid without burdening Edward Jones is a licensed insurance producer in
Orton-Gillingham multisensory reading instruction. your family? all states and Washington, D.C., through Edward D.
This approach has decades of research backing its Clearly, if you were to assign these benefits a “price Jones & Co., L.P., and in California, New Mexico and
effectiveness in helping people with dyslexia become tag,” it would be pretty high. Massachusetts through Edward Jones Insurance Agency
strong and proficient readers. And that’s the value of owning sufficient life insurance. of California, L.L.C.; Edward Jones Insurance Agency of
Once your child is officially diagnosed with So, let’s return to the issue of people putting off buying New Mexico, L.L.C.; and Edward Jones Insurance Agency
dyslexia there are five ingredients for helping your insurance because they don’t know how much they need, of Massachusetts, L.L.C.
child overcome dyslexia. You must have the right or what type they should have: Edward Jones, its employees and financial advisors
curriculum, use it at least twice a week one-to- • How much is enough? You might hear that you need cannot provide tax advice. You should consult your
one, keep at it for over a year, work with a trained life insurance equal to about seven to 10 times your pretax qualified tax advisor regarding your situation.
reading specialist, and keep your child engaged annual salary. That’s not a bad “ballpark” figure, but not Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
and incentivized. We’ve seen this recipe work for everyone is playing in the same ballpark. To get a true 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
children time and time again.
I co-authored the book Parent’s Quick Start Guide
to Dyslexia which provides a quick, but deep dive
into what to immediately do when your child is
diagnosed with dyslexia. When it comes to helping
your young child, time is too precious to squander.
Call to discuss your child as we test for autism,
dyslexia, dysgraphia, ADHD, depression, and
anxiety. Visit JimForgan.com or call (561) 625-4125.

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