Life Insurance

Life insurance will protect the future well-being of your family by immediately eliminating the financial fear and insecurity that your family may feel following a devastating loss. Life insurance can pay medical bills, funeral expenses, pay off your mortgage, fund education, and provide financial security for you or your family. The right product can also help fund your retirement, accelerate your mortgage payoff, and is self-completing if you aren’t there to pay premiums.

• Term Life Insurance- Provides life insurance coverage for a specified amount of time, typically 10, 20, or 30 years. The premium is fixed and guaranteed during the period elected. Does not build any cash value. Typically the least expensive way to purchase life insurance.
• Whole Life Insurance – Permanent life insurance, as opposed to a specific period insurance such as Term Insurance. It is designed to be there your entire life (whole life), and to accumulate value in the form of Cash Value and Dividend Value. Cash and Dividends value from the policy can be borrowed against, or removed and used at any time for any reason, including to pay the policy premium. Typically, the highest cash out of pocket but with potential for savings and tax advantages over time.
• Universal Life – A hybrid between term and permanent Insurance. It can be structured with a flexible death benefit and flexible premium. It can also be customized to run for a specific period of time. Frequently, the cash value is modeled and built to offset the life insurance cost later in life to keep the premiums level throughout the policy years.

Disability Insurance

Disability Income can protect your assets and family’s financial security in the event you are temporarily or permanently disabled and unable to work. It will help meet your financial obligations while retaining your current assets.

• Disability Income – Provides income in the event you become partially or totally disabled and unable to work. It provides a monthly income benefit that allows you to continue paying your financial obligations. Disability Insurance often gets overlooked by consumers, with many believing that if they have workers, compensation coverage that they have proper coverage. Unfortunately, workers’ compensation only covers you for events that take place while you are at work. Disability covers you 24 hours a day, 7 days a week. Often times the most tragic of situations is a family member becoming suddenly disabled. They are unable to work and their living and care costs may accelerate. Disability Income insurance effectively deals with what can be one of the most difficult financial situations that can develop for a family, and plans can be tailored based on desired monthly benefits and plan duration.

Long Term Care

It might be hard to imagine now, but chances are you’ll need some help taking care of yourself later in life. In fact, some national statistics indicate that over 50% of people over 65 will need some sort of Long Term Support and Services (LTSS). LTSS refers to a host of services that aren’t covered by regular health insurance. This includes Activities of Daily Living (ADLs) such as assistance with bathing, dressing, self-care, and household chores.

Not only can the cost of LTSS be extremely expensive, it could also wipe out all your retirement saving, assets, including your home, and any inheritance you wanted pass on to your family.

Long Term Care Insurance is one way to financially prepare yourself and your family.  A long-term care insurance policy helps cover the costs of that care when you have a chronic medical condition, a disability or a disorder such as Alzheimer’s disease. Most policies will reimburse you for care given in a variety of places, such as:

• Your home.
• A nursing home.
• An assisted living facility.
• An adult day care center.

Understanding long term care is an important part of any long range financial plan.  Waiting until you need care is not an option. You may not qualify for long-term care insurance if you already have a medical diagnosis or condition. The earlier you buy long-term, the more affordable it can be.

Annuities

• Annuities – Financial vehicles that can provide you with a steady stream of income immediately, sometime in the future, or at retirement. Payments into an annuity can be made in a lump sum or with payments over time. Payments received from an annuity can guarantee a steady stream of income for the period you choose. Payments can be received for a specific number of years or the rest of your life.

Guidance & Assistance

Whether it’s Income Protection, Estate Planning, or providing for your family now and into the future, we will guide you all the way. Our knowledge and experience from both an underwriting and claims perspective will help you understand, navigate, and structure the best and most cost-efficient way for you to fund the right plan. Our state-of-art systems can streamline the quoting and underwriting process. We can often handle the entire process directly over the phone.