Here is what you saw on Good Day Alabama May 19, 2015:
CALEB JOHNSON: Season 13 American Idol Winner Caleb Johnson heads out on his first-ever headline tour and will be performing tonight at WorkPlay Theater. Joining him on stage is Alabama native and one of Caleb's competitors Jess Meuse. She also performed for us. Caleb recently premiered his first official music video for his song "Fighting Gravity" with Yahoo Music. This poignant piece was inspired by a real life experience and conceptualized by Caleb. For full touring info, please visit: CalebJohnsonOfficial.com. And Jess just released her single - "Done" - last month. Find Jess online at twitter.com/jessmeuse and facebook.com/IdolJessicaMeuse.
MONEY TUESDAY: Stewart Welch joined us with a Life Insurance Refresher Course! Life insurance is one of the most complicated of financial products for consumers. Should I buy a policy that builds cash value? Should I stick with term insurance? Should I buy insurance on my spouse? How about my children? What follows is an excerpt from his recently published book, "J.K. Lasser's New Rules for Estate, Retirement and Tax Planning- Fifth Edition", John Wiley & Sons, Inc., publisher. If your primary purpose is to provide your family with a source of income should you die prematurely, then level term insurance is your best bet. This assumes that you have a wealth accumulation plan -retirement plan- in place. In working with our clients, we normally recommend either 15-year or 20-year level term policies. This is because we have implemented a wealth accumulation plan that is expected to achieve total financial independence by the end of that period. Once you have accumulated that sum, you no longer need life insurance as a source of income protection for your family. It is possible that you might need permanent -cash value- life insurance for other reasons, such as estate liquidity. Remember, because you can convert term insurance to permanent insurance without having to pass a new physical exam, you have left your options open.
If you have young children, replacing the services of a homemaker can be quite expensive. Ask yourself this question: If my homemaker spouse were to die, could I afford to pay someone to perform those services out of my current income? You may be lucky enough to have a family member who could step in and provide childcare services. In this case, no life insurance would be necessary.
If you have adult children who have started their own families, you might consider buying insurance on their lives to provide protection for their families. We are sure you can remember how tight cash flow was when you first started your family. This is a situation where you have the cash and they have the need. From a selfish point of view, if you had a breadwinner son-in-law die without enough life insurance, you might feel compelled to step in with financial support for your daughter and grandchildren. Believe us, paying the premiums on a large term life policy for your son-in-law is a lot more palatable than financially supporting a second family! The latter could have a serious negative impact on your own estate and retirement plan.
Fortunately for the consumer, term insurance is a very competitive product. In terms of planning and budgeting, 10-, 15-, or 20-year level term is advised. That way, you have a predictable premium for a fixed period of time. To access competitive quotes on-line go to the Resource Center at WelchGroup.com then click on "Links"; then click on "Life Insurance Quotes." To get the best deal, first decide how much life insurance you need and what kind of term insurance best fits your circumstances. Then, if you have a local agent, ask him or her for a quote. A simple comparison will ensure that you get the best deal. Personally, we prefer to work with a local agent because you will receive a more personal level of service.
JEH JEH LIVE: The Southeastern Conference Baseball Tournament, one of the premiere events in all of college baseball, returns to Hoover Metropolitan Stadium for its 18th consecutive year in 2015. The SEC Tournament will continue to feature 12 teams and begins today. The event has been a showcase to the top teams in college baseball year after year, as an NCAA-record 10 SEC baseball teams advanced to the NCAA Tournament in 2014. SEC baseball teams have won 10 of the last 25 national championships and the SEC also has finished runner-up seven times during that span. It begins with Alabama and Ole Miss today at 9:30 this morning. It wraps up with the championship game on Sunday at 3:30pm.
BETH K: Dr. Beth Kitchein joined is with a look at over-hyped health foods. These heavily marketed health foods may not be worth the extra money you're spending on them.
• Almond Milk: If you like it, drink it. But don't be fooled into thinking it's the same as eating almonds or as healthy as cow's milk or soy milk. Most of the nutrients you see on the label have been added – they're not from the almonds – making it just watered down almonds. And, there is very little protein in it – just one gram. Compare that to the 6 to 8 grams you get in soy and cow's milk and you can see that those are much better choices. So eat a handful of almonds and drink soy or cow's milk for optimal health!
• Pomegranate Juice. It's pricey and there is really not enough evidence to support the claims made for the prevention of heart disease and prostate cancer. While it could have benefits, the evidence is not yet there and more studies need to be done. So, if you want to save some money, eat other fruits and vegetables that are also high in polyphenols like berries - get the frozen ones to save money!
• Protein Bars: they're pretty much glorified candy bars. Cliff bars really are for eating on a cliff, mountain precipice, or peak where you really can't eat real food. otherwise, eat real food – you don't need protein bars to replace real food! Save the bars for when you need some energy but can't eat food. you can get as much protein in yogurt, 3 ounces of meat or fish, or egg whites.