National Financial Awareness Day

On Tuesday, March 6, 2007, The American College will celebrate National Financial Awareness Day. National Financial Awareness Day encourages consumers to protect their financial security. This date coincides with the college's founder, Dr. Huebner, 125th birthday. To learn more about The American College efforts click here.

This year's theme focuses on the importance of disability income (DI) protection. If you are on active duty, chances are you have not given one thought to DI; you do not even have to take "leave" from work to go to doctors' appointments. If you should require time off from work for medical reasons you are not required to take leave, but more importantly, you still receive 100 percent of your pay while you are on medical leave.

This is not true in the civilian workforce. In 2005, 61 percent of all workers were not protected in short-term disability benefits in the privatized industry, according to the U.S. Department of Labor (DOL). In 2000, 82 percent of people did not have long-term disability insurance or believed their coverage is inadequate.

Disability Income is just one factor to consider in your overall financial security. Knowing your government benefits while on active duty should be one of the first steps you take. Visit our website, so you can get started. It will only take a few minutes to get your Benefits-At-A-Glance.

Once you know what you are entitled to, you can continue your financial security planning both in the short term (while on active duty) and for your long-range planning (post active duty- separation or retirement). Visit Navy Mutual's Life Insurance Needs Analysis Calculator to determine if you need more life insurance coverage.

If you need additional life insurance and are unsure of which type of insurance you should get call one our membership counselors and stay on the phone with them until you understand. Our membership counselors are salaried, not on commission, and have your best interest in mind.

At least 22 percent of Navy Mutual's staff obtained — or are in the process of obtaining — designations from The American College. A brief explanation of the three main designations are below:

• Chartered Life Underwriter® (CLU®) is widely recognized as the highest level of studies in the life insurance profession. Since 1927, more than 94,000 individual have earned this distinction, enabling them to present a wider range of solutions for the life insurance needs of individuals.
• Chartered Financial Consultant® (ChFC®) the most extensive education for Financial Planning Professionals. Since 1982, the Chartered Financial Consultant has remained the most extensive education available for professionals seeking a designation in financial planning. The program includes all of the courses in our CFP® Certification Curriculum, and builds on that knowledge.
• Chartered Advisor for Senior Living® (CASL®) is the first professional designation from fully accredited, nonprofit educational institution to focus exclusively on the unique needs of mature clients. The designation provides advisors with comprehensive knowledge on the full range of financial, health, psychological and sociological issues confronting older clients.

Additionally, 18 percent of the Navy Mutual staff currently have or are working on their LOMA designation (Life Office Management Association).

Navy Mutual — The Right Course for LIFE.