Getting to Know Sean Huff

Sean Huff has been with EMS Wealth Management/EFM&A since September 2019, and in the financial planning industry since 2014.

Sean specializes in helping those close to or in retirement, plan for the unknown and unexpected. His ideal client is someone 50 or older who is very focused on getting to the next stage of their life, but unsure of what lies ahead.

He focuses mainly on saving clients’ money on taxes and optimizing investments so that they work best for the client. Through a consultative approach, he looks at every aspect of someone’s life to make sure all their goals can be accomplished and that they can live out their lives with dignity and the way they desire. Whether that be sitting on a beach with a margarita or sitting on the back porch, his goal is to ensure that clients have the retirement they have worked so many years towards.

Last month, Sean received his NYS P&C License.

Common Questions About Life insurance

Life isn’t one-size-fits-all – and neither is life insurance.

Here are a few frequently asked questions that may help you understand and navigate the best life insurance policy for you.

1. How much life insurance do I need, anyway? There are a number of factors that can influence the amount of life insurance you need – including age, debts, monthly expenses and number of. As a general rule of thumb, purchasing a policy worth 10 to 15 times your gross income is used as a starting point in cultivating your policy.

2. Is Life insurance expensive? Purchasing an insurance policy worth hundreds of thousands of dollars may sound like an expensive proposition. But the truth is, life insurance is more affordable than you may think. As an example, and depending on your policy, a $250,000 life insurance policy could cost less than $15 a month.

3. Do I need a medical exam to purchase life insurance? Not always, but do expect to answer certain questions. It’s more likely you’ll need an exam as your age and/or the amount of coverage requested increases. For some life insurance policies, your insurer will require a brief medical exam, more commonly referred to as a paramedical exam. It’s similar to a standard physical. A paramedical exam professional will measure vitals like your height, weight, temperature and blood pressure. You’ll also have to have blood drawn and a urinalysis test completed.

4. Can I purchase life insurance without a health exam? Not all life policies require you to get a paramedical exam. Life policies below $100,000 typically require you to only complete an application (with the help of your agent) before it is reviewed by an underwriter. If you’re between the ages of 18-55, you may be able to get an instant-issue term or whole life policy with up to $500,000 in coverage by answering several application questions without having to complete a life insurance paramedical medical exam.

5. Why should I think about life insurance if I’m young and healthy? Life insurance is a smart purchase at any age. Even if no one depends on your monthly income, a life insurance policy will cover your funeral expenses and debts — including student loans. And there’s another advantage of purchasing a policy at a young age: lower rates. Because insurers price policies based on risk (and young people have a far lower mortality rate than older groups), your rates are generally less expensive if you’re young and healthy. Buying a policy when you’re young and healthy makes it easier for you to buy more coverage in the future. Plus, you’ll have a policy (locked in at a great rate) now, should you ever need it.

6. I have a policy through work. Isn’t that enough? As part of an overall benefits package, many employers offer some form of life insurance coverage to their employees. Since this coverage is typically paid for by the employer, it’s a great benefit to have. But it’s still wise to hold your own personal life insurance policy.

7. I don’t work outside the home. Why should I think about life insurance? Being a stay-at-home parent is a full-time job. And while your work may not generate an income, it does significantly reduce your household expenses. Think of all the extra costs associated with child care, transportation and meal preparation that would be incurred if you were no longer around.

8. What’s the difference between term and permanent life insurance? Term life insurance provides coverage over a fixed period of time. Term life insurance is a cost-effective option to provide protection for the loved ones you leave behind. With this type of policy, you can select a term that will cover you when you need it most — such as the time it will take your children to reach adulthood. Permanent policies, such as whole life policies, provide coverage over your entire lifetime. That means your family and beneficiaries are covered for the duration of your life. Whole life insurance accumulates cash value, too, providing you the option of borrowing against it in the future.

9. I’m a rock climber. Can you still cover me? Assessing risk is a key component of underwriting a life insurance policy.  Dangerous hobbies — like skydiving, rock climbing or vehicle racing — make you inherently riskier to insure. However, just because you’re an adrenaline junkie doesn’t automatically mean you can’t get life insurance. Before giving you a quote, your insurance agent may ask you to fill out a written questionnaire to understand more about your hobby. In many cases, you’ll still be able to get insurance. Just expect to pay a little extra to account for the additional risk.

10. What is a life insurance beneficiary? A beneficiary is a person or entity designated to receive the funds from your life insurance policy in the event of your death. Your beneficiary can be a person, business, trust, charity, church or even a school. An insurance policy can have more than one beneficiary.

11. How do I choose a beneficiary? Choosing a life insurance beneficiary depends largely on how you’d like your life insurance benefit to be used upon your death. If you have young children, naming a spouse or close family member you trust as your beneficiary and memorializing your wishes may be one way to provide for your children’s care in your absence.

12. I don’t have kids. Why should I think about life insurance? The need for life insurance isn’t limited to parents. Whether you’re entering adulthood or nearing retirement, everyone can benefit from owning a life insurance policy. Beyond providing for children, a life insurance benefit can be used to cover expenses like funeral costs or pay off any outstanding debts.

 

One Year of Emerling Floss Murphy & Associates

Thursday, July 1st, 2021 marks the one-year anniversary of the “official” merge of Emerling Floss Murphy & Associates. This endeavor happened after six years of discussion, planning, and executing – yet we could have never planned on adding a pandemic into the mix when our merge came to fruition.

In an odd way, the timing was perfect. Let’s get all of our big challenges out of the way, early on, with the mix of the expected challenges that come with merging three insurance agencies into one. As we navigated the various bumps, it helped us clear our lanes of responsibility for each partner, and team within our organization, which resulted in our agency being even stronger than I could have ever imagined.

Already within our first year, our agency saw a lot of great achievements. In addition to business milestones, I am very proud of our Employee Community Relations Committee, which provided a budget and has complete autonomy to select hands-on projects for the community and our donations to charity. Additionally, they put together a team for Ride for Roswell, with a loft goal of raising $5,000. They supported the Clarence High School Prom with T-Shirts and Amazon Gift Cards, they put together personal hygiene kits for the Grigg Lewis Foundation. We also raised money to provide financial support for the YWCA of the Niagara Frontier.

We also had a lot of great additions and promotions within our EFM&A Team. Kellie George, a longtime member of Murphy Insurance became our Claims Specialist for the entire agency. We saw the retirement of Tina Schmidt while welcoming Tracey Ligammari to fill her shoes after completing an overseas deployment from the National Guard. Additionally, Jill Rich was promoted to our Personal Lines Team Leader, while also adding Ayana Graves as a Personal Lines Account Manager.

There were a lot of developments in our Commercial Lines Department. This included having Adam Kahabka join our team as a Business Development Associate, Mary Lu Hanna become a specialist for our Group Benefits program, and hiring Amanda Voit as a Group Benefits Account Manager. We also had major growth and development with EMS Wealth Management, where we hired Kelly Platt as a Client Relationship Manager.

Watching our team members from three different offices collaborate and grow together, especially through all of the challenges we faced during our first year has been the most rewarding part of the first year. We were even recognized by Buffalo Business First as one of the Best Places to Work, which again is reflective of our incredible team coming together and shaping our environment.

Now that we are a year in, I reflect on the words of the late Paul Barone, who was a true visionary and who played an important role in our founders’ group in providing great insight and vision for our merge. Paul stated, “1 + 1 + 1 = 6”. Our three agencies are definitely stronger together. The dynamic of the young innovative energy of our younger partners, with the experience, wisdom, and history of the founder partners have set up a great path for a long, bright future ahead.

I would like to thank our partners, our incredible team members, our families, and of course our incredible clients for your support, patience, encouragement, and loyalty during this past year. I am honored to be a leader of such an incredible organization, with talented, passionate, and hardworking people.
Year one of many years to come was certainly memorable, and I am looking forward to the future adventures ahead.

 

 

 

 

 

Joe Floss
President
Emerling Floss Murphy & Associates

EFM&A Welcomes Adam Kahabka

EFM&A is pleased to welcome Adam Kahabka as our new Business Development Associate!

Adam is a familiar face at EFM&A, as he worked for the Emerling Agency from 2013-2015 – and now he’s back!

Adam has his license in NY Property and Casualty.

Outside of work, he enjoys running, home projects, spending time with family and traveling.

Adam resides in Lancaster with his wife Molly, and his two children, Declan and Easton (and two dogs – Tripp and Domenik).

Welcome Adam to the EFM&A Family

EFM&A Welcomes Ayana Graves

EFM&A is pleased to welcome Ayana Graves as our new Personal Lines Account Manager.

Ayana will be overseeing the accounts that were previously serviced and managed by Jillian Rich. Jillian has been promoted to Personal Lines Team Leader, where she will be overseeing the entire Personal Lines Department.

Her favorite part about working in the insurance industry is helping people manage and protect their assets. Ayana currently resides in Amherst, NY with her husband Randy, and her two children, Carter and Maia.

Barb Schubring Celebrates 25 Years with Agency

Barb Schubring, a Commercial Lines Manager for Emerling Floss Mur[hy & Associates has recently celebrated 25 years of service with the agency, since her hiring at the Floss Agency back in 1996.

Barbara attended the Holy Angels Academy and Bryant and Stratton College for her formal education and now has her P&C Brokers License.

Barbara enjoys it when a client puts their faith in her to find the best and most affordable coverage for their business.

Joe Floss said, “Barb is an exceptional insurance professional who always does the right thing right for our clients.”
Congratulations, Barb and thank you for your incredible work as a member of the EFM&A family.

Time to Insure Your summer Recreational Vehicles

Spring in Western New York can be misleading. 70 degrees of sunshine can fall during the same week as a light snowfall. But regardless, Spring means it’s time to get your summer vehicles insured.

We can’t emphasize enough – there is no such thing as “just this one time,” when it comes to driving your vehicle without the proper insurance. It only takes one time for an accident or injury to happen – even during a quick run to “dust off the cobwebs.”

Your recreational vehicles can often be bundled with your every-day vehicles. Many recreational vehicles require separate licensing or safety courses to reduce insurance costs.

Information about recreational vehicle insurance, including the ability to request a quote can be found on our website – CLICK HERE!

EFM&A Welcomes Back Tracey Ligammari

Emerling Floss Murphy & Associates is pleased to formally introduce our new Personal Lines Account Manager, Tracey Ligammari. Tracey is fulfilling the position held by the recently retired, Tina Schmidt.

Tracey has been with Emerling Floss Murphy & Associates since June 2019 (originally hired by Floss Agency, Inc.). She is also a proud member of the New York Army National Guard, and recently returned to us after a year-long deployment overseas.

She has over 10 years of experience in personal lines insurance, including claims handling, and using her experience to help customers understand their coverage and feel comfortable with their insurance policies.

Tracey has a bachelor’s degree in Psychology from the University at Buffalo, and an Associates’ degree in Military Intelligence.

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