Today, the Social Security Administration announces the launch of a new Health IT initiative with the Department of Veterans Affairs (VA) that enables all Social Security disability case processing sites to receive medical records electronically from all VA facilities. Veterans will receive a faster decision on their Social Security disability claim, speeding them and their dependents through this new process. Both agencies will save time and money with an automatic request through the eHealth Exchange.
“President Obama has said, ‘we must maintain the sacred covenant we share with our veterans by ensuring they have the care and benefits they deserve,’ and I could not agree more,” said Carolyn W. Colvin, Acting Commissioner of Social Security. “We are committed to providing our veterans with the world class service they so richly deserve and improving the speed and efficiency of our disability program.”
The new Health IT program was tested successfully at Social Security locations around the country. On Veteran’s Day, November 11, the eHealth Exchange will go live, nationally, to all Social Security disability case processing sites.
Social Security requests nearly 15 million medical records annually from healthcare providers and organizations to make medical decisions on about three million disability claims. Medical documentation is essential to make a disability determination. Historically, the agency obtained medical records through a manual process (mail, fax, secure mail). This new national initiative puts in place an automated process to obtain medical records electronically without human intervention.
“VA is currently improving quality of life by enabling Veterans to share their health information with federal partners and integrating their data into a safe and secure health-related consumer application,” said Dr. David Shulkin, Under Secretary for Health of the Department of Veterans Affairs. “Currently, when eligible Veterans apply for Social Security Disability Insurance benefits the average wait time for Social Security to receive paper records from VA can take months; this partnership allows Social Security and VA to share the Veteran’s health information electronically in minutes. The Social Security and VA partnership allows VA to continue to be a leader in interoperability efforts among federal partners while improving overall quality of life for our Veteran patients.”
This partnership adds the VA to Social Security’s more than 50 other Health IT partners, including the Department of Defense, in approximately 7,000 facilities across the United States providing electronic health records. Social Security’s goal is to continue expanding the number of healthcare organizations and federal agencies providing electronic health records within a safe and secure environment.
To learn more about Health IT, please visit www.socialsecurity.gov/disabilityssi/hit.
Social Security offers two other programs to expedite disability claims filed by veterans. Wounded Warriors and veterans with a VA disability compensation rating of 100% Permanent & Total have their Social Security disability claims treated as high priority and receive expedited decisions. For more information about these programs, please visit www.socialsecurity.gov/people/veterans.
Social Sec. and V.A. Partnership Means Faster Disability Decisions for Veterans
Seniors shine during state fair Senior Day

by Traci Chapman
Staff Writer

It was Cindy and Bob Ward’s first time at Oklahoma State Fair’s Senior Day – and by the end of the day, they say they realized there really was no place like home during a day they would never forget.
“If you had told me this morning we would have done any of this, I would have thought you were kidding around,” Cindy Ward said that afternoon. “I never, ever would have expected this.”
In fact, when the El Reno couple entered the Modern Living Building, this year Oklahoma Senior Day’s new state fair home, they said they were impressed at the number of vendors, the entertainment and the wide range of activities going on, even early in the morning. With a Wizard of Oz theme – There’s No Place Like Okla’HOME’a – the Wards said they hadn’t really realized the state fair offered such a host of activities designed especially for seniors. When they discovered the “King and Queen of Emerald City” contest, they decided to enter – well, perhaps not exactly “they.”
“It was my idea,” Cindy said with a laugh. “Bob would never do anything like this on his own, but he went along with it for me.”
That’s how the couple ended up on the Senior Day stage, as they competed with four other couples in a “Newlywed Game” style contest designed to test how well each husband and wife knew each other. The Wards wondered about their chances, as they were surrounded by couples who had been married far longer than their eight years – two of them wed for 50 years; of the other two couples competing, one said they had been married more than 10 years, another had celebrated more than 20 wedding anniversaries.
But, the El Reno proved wrong everyone who believed those who lived together longest knew each other best, matching each other’s answers on four of five questions.
“I couldn’t believe it, but we just are so compatible, just know each other so well, that I guess I shouldn’t be surprised,” Cindy said.
After being crowned 2017 king and queen and receiving a host of prizes, flowers, crowns and a trophy, the couple took part in the antique tractor parade, which wound its way through State Fair Park.
Bob and Cindy Ward met, as many couples do, online. After each lost their respective spouses, they reached out on a Christian dating site, literally across the miles – Cindy lived in Deming, New Mexico, while Bob was in Sierra Vista, Arizona.
“We had a 97 percent match, and when we met, it just clicked,” Bob said. “We knew it was meant to be.”
With family members facing serious illnesses in Cindy’s hometown – El Reno – the Wards decided Oklahoma was the place to be, and they’ve never looked back, they said.
“It hasn’t always been easy, but we’re together and that’s what matters,” Cindy said.
While Cindy and Bob Ward were the stars of Senior Day, they were far from the only attraction during the special event. Many vendors provided medical, home, entertainment and other information, while others conducted diabetes, blood pressure, fall risk and memory screenings.
The day started with Ms. Oklahoma Senior America Dawn Anita Plumlee singing the National Anthem. The Duncan, Oklahoma, singer and songwriter was crowned during a July 29 pageant; 2016 Ms. Oklahoma Senior America, Dove Morgan Schmidt of Bristow, led the antique tractor parade later that day.
The antique tractor parade featured not only Schmidt and the Wards, but also other state fair royalty – Oklahoma City Indian Princesses, Miss Oklahoma State Fair, Miss Oklahoma State Fair Outstanding Teen and Oklahoma Frontier Experience cast members, as well as several area Red Hatters riding their own float. Tractors, ranging from historic to beautifully restored and even a little silly, were not only the parade’s stars, but also then remained for the rest of the fair as part of a tractor exhibit involving several Oklahoma tractor clubs. The Not Just Country Line Dancers, Oklahoma State Fiddlers, Okie Stompers, Southeast Navy Band, Dorothy’s Line Dance Class, Vocal Sounds of Oklahoma and Yellow Rose Dinner Theater provided entertainment, and Oklahoma State Department of Health sponsored two Tai Chi sessions. Several trivia and creative activities rounded out the day, while an Elvis Extravaganza was the event’s evening finale.
“We wanted to make this bigger than ever before – to make this a celebration of all seniors, to give them what they’re interested in seeing, learning about and doing,” organizer Wynelle Record said. “We’re very happy with the turnout, and we’re already looking forward to next year.”
SAVVY SENIOR: What to Know About Advance Care Planning in the Age of Coronavirus
Dear Savvy Senior, All this horrible coronavirus carnage got me thinking about my own end-of-life decisions if I were to get sick. Can you recommend some good resources that can help me create a living will or advance directive, or other pertinent documents? I’ve put it off long enough. Almost 70
Dear Almost,
Creating a living will (also known as an advance directive) is one of those things most people plan to do, but rarely get around to actually doing. Only about one-third of Americans currently have one. But the cold hard reality of the novel coronavirus may be changing that. Here’s what you should know along with some resources to help you create an advance directive.
Advance Directives
To adequately spell out your wishes regarding your end-of-life medical treatment are two key documents: A “living will” which tells your doctor what kind of care you want to receive if you become incapacitated, and a “health care power of attorney” (or health care proxy), which names a person you authorize to make medical decisions on your behalf if you become unable to.
These two documents are known as an “advance directive,” and will only be utilized if you are too ill to make medical decisions yourself. You can also change or update it whenever you please.
It isn’t necessary to hire a lawyer to prepare an advance directive. There are free or low-cost resources available today to help you create one, and it takes only a few minutes from start to finish.
One that I highly recommend that’s completely free to use is My Directives (MyDirectives.com). This is an online tool and mobile app that will help you create, store and share a detailed, customized digital advance directive. Their easy-to-use platform combines eight thoughtful questions to guide you through the process. If you’re not computer savvy, ask a family member or trusted friend to help you.
The advantage of having a digital advance directive versus a paper document is being able to access it quickly and easily via smartphone, which is crucial in emergency situations when they’re most often needed.
If, however, you’d rather have a paper document, one of the best do-it-yourself options is the Five Wishes advance directive (they offer online forms too). Created by Aging with Dignity, a nonprofit advocacy organization, Five Wishes costs $5, and is available in many languages. To learn more or to receive a copy, visit FiveWishes.org or call 850-681-2010.
Another tool you should know about that will compliment your advance directive is the Physician Orders for Life-Sustaining Treatment, or POLST (sometimes called Medical Orders for Life-Sustaining Treatment, or MOLST). A POLST form translates your end-of-life wishes into medical orders to be honored by your doctors. To learn more about your state’s program or set one up, see POLST.org.
Readers should also know that if you’ve already prepared an advanced directive paper document, a POLST form or the VA advance directive form 10-0137, you can upload, store and share these documents too at MyDirectives.com.
And finally, to ensure your final wishes are followed, make sure to tell your family members, health care proxy and doctors. If you make a digital advance directive or have uploaded your existing forms, you can easily share them electronically to everyone involved. Or, if you make a paper advance directive that isn’t uploaded, you should provide everyone copies to help prevent stress and arguments later.
Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior.org. Jim Miller is a contributor to the NBC Today show and author of “The Savvy Senior” book.
Oklahoma Artist Harold Stevenson to be recognized

Oklahoma Artist Harold Stevenson to be recognized by Oklahoma Legislature
Photography and Text by Terry “Travels with Terry” Zinn t4z@aol.com
Past President: International Food Wine and Travel Writers Association http://realtraveladventures.com/author/zinn/
www.new.okveterannews.com – www.martinitravels.com
Octogenarian, Harold Stevenson will be honored with a Legislative proclamation and reception at the Oklahoma State Capitol on the afternoon of April 19 followed by a public reception.
At press time details are being formulated but for more information you may contact Melodye Blancett, at Meloyde.Blancett@okhouse.gov or me at TRAVELSWITHTERRY@aol.com, with the subject line being “Harold Stevenson.”
This recognition comes as a result of decades of exhibitions with Harold’s studios ranging from Paris, to Idabel Oklahoma, Key West, and Wainscott, New York. As a native from Idabel Oklahoma, he now has returned to his beloved community as an example of the circle of life. He returned to his childhood home on Avenue A and subsequently passed it on to his nephew who built him a cabin in the Idabel woods.
In a 1998 Persimmon Hill Magazine interview by M.J. Van Deventer, she writes: “Harold Stevenson was drawing and using colors even before he learned to write his name. “I invented painting all by myself,” he says. Today, he is considered an iconoclast, an uncompromising artist who listened only to his own voice and paints the subjects that bring him the greatest pleasure.”
Harold says, “I was very precocious and by nature, I became very gregarious. There’s no such thing as a stranger to me.” At the age of twelve he opened his own studio in downtown Idabel. “Other kids my age were delivering papers or milk. But I had an art studio in the middle of town. I actually sold my paintings. I made my own job.”
Born on March 11, 1929 in Idabel and growing up in Idabel Harold was readily accepted by his neighbors when he asked to paint their portraits which later resulted in a larger than life exhibition of his works titled, The Great Society. With encouragement from the founder of the Oklahoma Art Center in Oklahoma City, Nan Sheets, Harold received education from the University of Oklahoma in 1947, Mexico City College, and studied under Yasuo Kuniyoshi and Max Schallinger.
Decades later his larger than life portraits were accepted into the Fred Jones Junior Museum of Art’s permanent collection accompanied with a monumental exhibition. The Museum recently accepted a collection of Harold’s paintings from longtime friend, Buddy Dugan, from his San Francisco’s home collection.
Besides the Fred Jones Junior Museum of Art collection, his works are also in the permanent collection of New York’s Whitney Museum, the Guggenheim, and the Oklahoma City Museum of Art. Besides other exhibitions his reclining panoramic portrait, inspired by actor Sal Mineo, is in the Guggenheim. Of note was his huge painting of Spanish bullfighter, El Cordobes, when it was hung from the Eiffel Tower. Harold is best known for his large canvas paintings, some ranging from six feet by ten feet.
Harold’s contemporaries and acquaintances include artists; Marcel du Champs, Jackson Pollack, Andy Warhol, Poteet Victory and philanthropist Peggy Guggenheim where he visited her at her Venice palazzo. He has been described as one of the art worlds living icons with work that spans almost seven decades. He is part of a generation that was once classified by a 1962 art show in New York City as the “New Realists.”
With an avid interest in classical history Harold Stevenson’s subject matter includes realistic depiction of classical subjects, Oklahoma cowboys, native Americans, landscapes and an admiration of the human form.
In coming back to his home in Idabel, Harold reflects: “There a providence that ties all these generations together. You cannot see the thread or the links that bind life together. But it is curious to me that in the last cycle of my life I would come back to this – my roots. It is a great reward for me to still be a local. I’m an armchair relic of the past, living in the house in which I was born.”
Harold continues from the 1998 interview. “But gradually I’m becoming a part of the current generation of Idabel people. I’m very interested in knowing the next generation. I have a new following. And it is very flattering.”
HLAA COC – In person meetings to begin
In person meetings scheduled to begin in August. Hearing Loss Association of America Central Oklahoma Chapter (HLAA COC) is happy to announce that beginning with the Ice Cream Social in August face to face meetings will once again be held monthly and are open to the public. No admission charge. Meetings are on the third Thursday, 11:30 – 1PM, each month beginning in September. Meetings are held at the Will Rogers Garden Center Exhibition Hall, 3400 NW 36. The Ice Cream Social, August 15, 2-4PM, will host the introduction of HLAA COC scholarship recipients, the inauguration of new chapter officers, and official announcement of programs for the remainder of the year. In the past, the Ice Cream Social was a ‘pot luck’ event but with current conditions, the chapter will offer individually portioned treats, all at no charge.
Speakers and programs announced: September, Dr Patricia Burke, head of newborn screening in Oklahoma. October, Lezley Bell discussing the free telephone and service offered by Caption Call. In November, chapter members Tony & Sharon Howard’s fantastical players with skits, hints, & tricks for managing family gatherings and parties for the holidays will be seen. The December meeting will host the annual Christmas party. Everyone is invited if you have hearing loss, know someone who does, or are interested in the overall health of Oklahoma City residents. HLAA COC is a 501 (c) 3 nonprofit organization with no paid employees. HLAA COC has been active for 29 years assisting Oklahomans with hearing loss to live better in a hearing world. Please look at Facebook, www.facebook.com/OklaHearingLoss, visit our website at www.OklahomaHearingLoss.org, or check out our new YouTube page: Oklahoma Hearing Helpers Room.
Salvation Army to host Senior Fair

by Mike Lee, Staff Writer
What started as an idea to benefit a handful of seniors has blossomed into an annual event impacting the lives of hundreds in our community.
The Salvation Army 4th Annual Senior Living Fair will be held on Thursday, April 30 from 9 a.m. to 1 p.m. at The Salvation Army Chesapeake Energy Center of Hope, 1001 N. Pennsylvania, Oklahoma City.
The Senior Living Fair, presented by Well Preserved Advisory Group and Senior News & Living, strives to spread hope by providing resources that empower older Americans to be more positive, active and physically fit.
“We’re excited to be able to showcase so many organizations in one place that can be a resource to senior citizens,” said Lisa Sydnor, senior programs manager at The Salvation Army Central Oklahoma. “We have nearly 60 exhibitors for this year’s fair who can enhance and empower our seniors to live fuller lives.”
Sydnor had the idea of inviting local service providers to come and show her seniors what they could offer them.
“I thought I could bring eight people in,” Sydnor said.
The idea was a hit from the very beginning with 12 exhibitors showing up that first year. The event has grown to be worthy of the the 18,000-seat Chesapeake Energy Arena.
The Senior Living Fair is free to the public, thanks to sponsors like Brookdale Senior Living, and includes exhibits for health and wellness, housing, Medicare information, insurance, aging-in-place, and fun ways to stay active.
Exhibitors for this year include the Oklahoma State Attorney General, Legal Aid of Oklahoma, Oklahoma City Police Department, Oklahoma City Fire Department, Valir, Sunbeam Family Services, RSVP of Central Oklahoma, AARP, Regional Food Bank of Oklahoma, Seniors on the Move and many more.
“We are doing this with no budget,” Sydnor noted. “Quite frankly I think it’s so popular because it’s a God thing. This was never supposed to be more than six people talking to seniors at one location. Now we have 60 vendors and expect more than 300 people.”
The event has continued to grow because seniors are finding value in it.
With everything from Zumba, to Tai Chi to line dancing almost everyone can find something to entertain them.
“I think because they know they’re going to have fun and we have staff floating through and inviting people to come to our centers,” Sydnor said, noting lunch is provided.
The Salvation Army Central Oklahoma operates five senior centers throughout the Oklahoma City metro. The centers are open every weekday to seniors ages 55 and older. Seniors have the opportunity to socialize, enjoy lunch and participate in numerous activities that include Bible study, exercise classes, crafts, dancing and much more.
“Our goal is for anyone who comes to the center to feel like they’re in their own home, relaxed and have good friends and company,” Sydnor said.
SAVVY SENIOR: When Will Medicaid Pay for Nursing Home Care?
Dear Savvy Senior,
What are the eligibility requirements to get Medicaid coverage for nursing home care?
Caregiving Daughter
Dear Caregiving,
The rules and requirements for Medicaid eligibility for nursing home care are complicated and will vary according to the state where your parent lives. With that said, here’s a general, simplified rundown of what it takes to qualify.
Medicaid Eligibility
Medicaid, the joint federal and state program that covers health care for the poor, is also the largest single payer of America’s nursing home bills for seniors who don’t have the resources to pay for their own care.
Most people who enter nursing homes don’t qualify for Medicaid at first, but pay for care either through long-term care insurance or out-of-pocket until they deplete their savings and become eligible for Medicaid.
To qualify for Medicaid, your parent’s income and assets will need to be under a certain level that’s determined by their state. Most states require that a person have no more than about $2,000 in countable assets that includes cash, savings, investments or other financial resources that can be turned into cash.
Assets that aren’t counted for eligibility include their home if it’s valued under $560,000 (this limit is higher – up to $840,000 – in some states), their personal possessions and household goods, one vehicle, prepaid funeral plans and a small amount of life insurance.
But be aware that while your parent’s home is not considered a countable asset to determine their eligibility, if he or she can’t return home, Medicaid can go after the proceeds of their house to help reimburse their nursing home costs, unless a spouse or other dependent relative lives there. (There are some other exceptions to this rule.)
After qualifying, all sources of your parent’s income such as Social Security and pension checks must be turned over to Medicaid to pay for their care, except for a small personal needs allowance – usually between $30 and $90.
You also need to be aware that your parent can’t give away their assets to qualify for Medicaid faster. Medicaid officials will look at their financial records going back five years to root out suspicious asset transfers. If they find one, their Medicaid coverage will be delayed a certain length of time, according to a formula that divides the transfer amount by the average monthly cost of nursing home care in their state.
So if, for example, your parent lives in a state where the average monthly nursing home cost is $5,000 and they gave away cash or other assets worth $50,000, they would be ineligible for benefits for 10 months ($50,000 divided by $5,000 = 10).
Spousal Protection
Medicaid also has special rules for married couples when one spouse enters a nursing home and the other spouse remains at home. In these cases, the healthy spouse can keep one half of the couple’s assets up to $120,900 (this amount varies by state), the family home, all the furniture and household goods and one automobile. The healthy spouse is also entitled to keep a portion of the couple’s monthly income – between $2,030 and $3,022. Any income above that goes toward the cost of the nursing home recipient’s care.
What about Medicare?
Medicare, the federal health insurance program for seniors 65 and older, and some younger people with disabilities, does not pay for long-term care. It only helps pay up to 100 days of rehabilitative nursing home care, which must occur after a hospital stay.
Find Help
For more detailed information, contact your state Medicaid office (see Medicaid.gov for contact information). You can also get help from your State Health Insurance Assistance Program (see ShiptaCenter.org), which provides free counseling on all Medicare and Medicaid issues.
Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior.org. Jim Miller is a contributor to the NBC Today show and author of “The Savvy Senior” book.
SAVVY SENIOR: How to Help Your Elderly Parent with Their Finances
Dear Savvy Senior,
What tips can you offer on helping an elderly parent with their finances? My 84-year-old father is having trouble keeping up with his bills and insurance, and I just found out that he’s been making contributions to a suspicious charity. Reluctant Daughter
Dear Reluctant,
Many adult children serve as financial helpers to their elderly or ill parents. They provide services like paying bills, handling deposits and investments, filing insurance claims, preparing taxes and more. Here are some tips and resources that can help you help your dad.
Start with a Conversation
Taking on the task of helping an elderly parent with their finances can be a sensitive and difficult topic. The first step in helping your dad is to have a respectful talk with him expressing your concerns, as you stated in your question, and offering to help him with his financial chores. If you have siblings, it can be a good idea to get them involved too. This can help you head off any possible hard feelings, plus, with others involved, your dad will know everyone is concerned.
Get Organized
If your dad is willing to let you help manage, monitor or take over his financial affairs your first order of business is to get organized by making a list of his financial accounts and other important information. Your list should include his:
* Contact list: Names and numbers of key contacts like insurance agents, financial advisor, tax preparer, family attorney, etc.
* Monthly bills: Phone, cable, water and trash, gas, electric, credit card accounts, etc.
* Financial accounts: Including bank accounts, brokerage and mutual fund accounts, safe-deposit boxes and any other financial assets he has. Also get usernames and passwords for financial accounts that are set up online.
* Company benefits: Any retirement plans, pensions or health benefits from his current or former employer.
* Insurance policies: Life, home, auto, long-term care, Medicare, etc.
* Taxes: Copies of your dad’s income tax returns over the past few years.
Locate Important Documents
This is also the ideal time to find out if your dad has the following essential legal documents: A will; an advance directive that includes a living will and health-care proxy, which allows you or another family member or friend to make medical decisions on his behalf if he becomes incapacitated; and a durable power of attorney, which gives you or a designated person similar legal authority for financial decisions, if needed.
If he doesn’t have these important documents prepared, now is the time to do it. And if they are prepared, make sure they’re updated, and you know where they’re located.
Simplify Financial Tasks
The quickest way to help your dad simplify his monthly financial chores is to set up automatic payments for his utilities and other routine bills and arrange for direct deposit of his income sources. If your dad has savings and investments scattered in many different accounts, you should consider consolidating them. You can also set up your dad’s bank system and investment accounts online, so you can pay bills and monitor his accounts anytime.
Set Up Protections
To guard against scams and risky financial behaviors, consider getting your dad a True Link Visa Prepaid Card (TrueLinkFinancial.com/card). Designed for older adults with cognitive issues this card would provide your dad access to his money but with restrictions that you set on how funds can be spent. Or check out EverSafe.com, a web-based service that will automatically monitor your dad’s accounts, track suspicious activity and alert you when a problem is detected.
Seek Help
If you need help or live far away, consider hiring a daily money manager (see AADMM.com) who can come in once or twice a month to pay bills, make deposits, decipher health insurance statements and balance his checkbook. Fees range between $60 and $150 per hour.
Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior.org. Jim Miller is a contributor to the NBC Today show and author of “The Savvy Senior” book.
VillagesOKC applauds Miss Oklahoma
By Marilyn Olson, Executive Director, VillagesOKC
Megan Gold has spent nearly a year as Miss Oklahoma, championing the cause of senior adults across the state.
VillagesOKC is proud to applaud this beautiful young professional who has a heart for seniors and wisely recognizes the value of community. It is in a community for every decade of life that “breaking bread together” provides food for the body and nutrition for the soul.
Because of her love for her grandfather, Megan, crowned Miss Oklahoma in June 2022, chose the platform for her social impact initiative to be “America Let’s Do Lunch – Ending Senior Hunger.”
After the death of his wife, Megan’s grandfather continued to live independently. But he felt alone, sad and no longer had the motivation to prepare nutritious meals. In fact, he didn’t feel hungry. Megan saw the value of Meals on Wheels which daily provided both a hearty meal and even more a friend with whom to share a meal.
During this past year’s reign, Megan lived in the senior living community Inverness in Tulsa while continuing as a TV meteorologist at Tulsa’s Channel 6 and carrying on her duties as Miss Oklahoma. She chose living there to further highlight her platform and to get to know more senior adults. The benefits of being in this community went two ways.
“I found that in my busy work life and traveling as Miss Oklahoma, even in all the crowds, I often felt alone,” she said. “The genuine friendships of these adopted grandparents cared for me as a person. They encouraged me.”
VillagesOKC will continue to follow Megan’s career and her ongoing initiative reducing isolation and food insecurity among seniors. VillagesOKC will also be encouraging young students and professionals across Oklahoma to value senior adults and consider the wide-open field of gerontology for their life’s work.
Megan is the daughter of Mike and Kathy Gold of Edmond and is the proud twin sister to brother Michael. Megan graduated from the University of Oklahoma with a degree in broadcast journalism and meteorology. She has worked as a meteorologist in Texas, Missouri and now in Tulsa.
VISIT: https://www.villagesokc.org/
Give the Gift of Life Insurance
By John D. Doak, Oklahoma Insurance Commissioner
February is the month of love, and many of us are searching for the perfect gift for our Valentines. According to the National Retail Federation, Americans spent an average of $142.31 on Valentine’s gifts last year. But instead of giving roses or chocolates, consider giving the gift of security to your loved ones this year. Give the gift of life insurance.
Many people think life insurance is too expensive, but according to LIMRA, the cost of a $250,000 term life insurance policy is around $150 a year. That’s nearly the same amount of money the average person spent on Valentine’s Day gifts last year.
Choosing the right type of life insurance can also be confusing. Here are some guidelines that can help you narrow down your options.
You might consider term life insurance if:
– You need life insurance for a specific period of time. Term life insurance enables you to match the length of the term policy to the length of the need. For example, if you have young children and want to ensure that there will be funds to pay for their college education, you might buy 20-year term life insurance.
– You need a large amount of life insurance, but have a limited budget. In general, term life insurance pays only if you die during the term of the policy, so the rate per thousand of death benefit is lower than for permanent forms of life insurance.
Premiums for term life insurance policy are lower when you are younger. Some term insurance policies can be renewed when the policy ends, but the premium will generally increase as you age.
You might consider permanent life insurance if:
– You need life insurance for as long as you live. A permanent policy pays a death benefit whether you die tomorrow or live to be over 100.
– You want a savings element that will grow on a tax-deferred basis and could be a source of borrowed funds. The savings element can be used to pay premiums to keep the life insurance in place if you can’t pay them otherwise, or it can be used for any other purpose you choose. You can also borrow these funds even if your credit is shaky. The death benefit is collateral for the loan, and if you die before it’s repaid, the insurance company collects what is due before determining what goes to your beneficiary.
Premiums for permanent policies are generally higher than for term insurance, but it remains the same no matter how old you are.
There are also a number of different types of permanent insurance policies, such as whole life, universal life, variable life, and variable/universal life. For more details, talk to your insurance agent.








