If you are anything like me, you looked in the mirror on January 1st and said, “Whew!!!  Made it through another year!”  The hair, I noticed, was a little grayer, and the spring in my step is more like “BOING” than “BOING,” but, by golly, I made it through! The reality that hits you at this point, or at least it should, is, “There’s no guarantee I’ll be standing here saying the same thing next year!”  That’s why, like it or not, if we are at all pragmatically minded we must soberly think about LIFE INSURANCE AND YOUR GLENDALE, AZ INSURANCE BROKER.

“One of the issues we face,” Jim Bivona of Bivona Insurance Group, LLC, an Independent Insurance Agency that services the Phoenix Metro area regarding Insurance including Phoenix, Scottsdale, Glendale, and Peoria Arizona to name just a few, offered somewhat sadly, “is that to many people, thinking and/or talking about Life Insurance is not a pragmatic undertaking but more of a morbid one.”

The reality, of course, is that we all are going to die eventually, and we have no idea how soon that is going to be.  As a result, we drag our feet when it comes to making sure that we are doing everything we can do to ensure that the ones we love will be taken care of financially should anything happen to us.

“Another thing I frequently run into,” Bivona added with an air of understanding in his voice, “is that the whole concept of Life Insurance is ‘too confusing.’  The reality,” he hurriedly added, “is that this is not a complicated issue.  Actually, there are only two major considerations you have to concern yourself with.”

The two “issues” Bivona was referring to is, “What Types of Life Insurance are there?” and “How much Life Insurance do I need?”


Term Life Insurance – Temporary life insurance that offers simply a death benefit and is generally less expensive than permanent insurance. It’s ideal for short-term life insurance needs, like when you are raising a family, paying off a mortgage, or starting a business.

Whole Life Insurance – Permanent life insurance that gives you a guaranteed death benefit, guaranteed level premiums, and guaranteed cash value that increases each year.



Blended Life Insurance – Permanent life insurance with added flexibility. It lets you “dial-in” your premium to the level of whole life and term insurance desired. Offers lifetime protection through a blend of whole life insurance plus term insurance and paid-up additional coverage.

Universal Life Insurance – Permanent life insurance that allows you to increase or decrease your death benefit and your premium is flexible; subject to any limitations in the contract.

Variable Universal Life Insurance – Permanent life insurance that gives you a flexible premium and the potential to build accumulated value. However, death benefits and other values may vary, because you direct how the cash is invested among the investment portfolios offered.

(The above was taken from “Life Insurance 101: What you Need to Know”)


When purchasing life insurance, think about your goals for your overall financial strategy, your economic value to your loved ones, as well as your wishes for your survivors.

First you’ll need to calculate your economic value. To calculate your economic value–the value of your future earnings over your lifetime–consider the following factors:

Your current annual earnings.

The amount your annual earnings may increase.

How many years you plan to work until retirement.

The rate of return you expect your invested assets to earn.

You can use these numbers as a starting point when you sit down with a financial professional to determine the level of coverage you might need. Another key factor is the consideration of how much of your future economic value you want to replace in the event of your death. This will depend on the financial goals you set for yourself and your survivors.

(The above was taken from “Life Insurance 101: What you Need to Know”)

As you can see, being aware of LIFE INSURANCE AND YOUR GLENDALE, AZ INSURANCE, certainly is not something you want to ignore if you are, in fact, responsible for someone’s financial needs!  As a result, you should contact Jim Bivona at 623-256-1000 with any questions, and he will be happy to discuss this concept with you in greater detail, and suggest some ways you may be able to improve your Auto Coverage.

To learn more about the BIVONA INSURANCE GROUP, LLC go to

(To learn more about this issue, research “What you Need to Know about Life Insurance”)




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