Insurance

Insurance

Insurance is essential to any comprehensive financial security plan. If tragic events like death, disability or chronic conditions requiring ongoing custodial care, insurance can protect you and your family from undue hardship. Some life insurance policies also provide tax-advantaged savings that you can draw on to achieve goals like buying a house or retiring comfortably.

We have access to a variety of insurance products that can help address your financial security planning needs. No matter your personal situation—if you’re single or in a family; a professional or a seasonal employee; an executive or small business owner—we will work together to design a customized plan.

Life insurance

TOP

In the event of death, life insurance offers surviving family members increased financial security. As a tax-free lump sum payment, it can pay for final expenses and debts, as well as provide income for the deceased’s dependents.

The advantages of life insurance include:

  • An instant estate for your loved ones at a time when funds are most needed
  • Death benefits that are income-tax free for named beneficiaries
  • Avoid probate costs if you name a beneficiary other than your estate
  • Potentially offer your loved ones creditor protection through some life insurance plans
  • Build tax-advantaged capital for retirement purposes or provide liquid savings through some permanent life insurance plans

We can help you select coverage from a variety of life insurance options to address the needs identified in your financial security plan.

Life insurance can play a vital role in your financial security plan - contact us today to find out how.

 

Long-term Disability insurance

TOP

Help protect one of your most valuable assets – your income – from unexpected events through long-term disability illness insurance.

Income is important for both current financial obligations (e.g. grocery bills and mortgage payments) and for future financial security (e.g. planning for your children’s education or for retirement). Just think what might happen if you suddenly lost your income stream through a long-term illness or disability.

Long-term disability insurance products help protect your ability to earn an income, which can be affected if you are afflicted by a disability or other chronic condition.

We can help you choose the long-term disability insurance products that provide advantages like:

  • Helping maintain your financial independence, lifestyle and long-term financial security plan in the event your income is impacted by disability
  • Assist with paying fixed expenses for your business if you become disabled
  • Support the buy-out of a disabled partner’s share of a business

We can help you tailor your financial security plan so it protects your income through long-term disability insurance.  Contact us today to find out how.

Long-term Care Insurance

TOP

With rising longevity and healthcare costs, the possibility of a chronic condition developing later in life and depleting your assets in retirement is a concern for all but the best prepared retirees.  And government plans like Medicare or private major medical insurance plans are not designed to meet the challenge of financing long-term care.  Medicaid is a safety net for the indigent, but spending down one’s assets to qualify is an exercise no one wants to endure.  Self-insurance is an option for the very wealthy but everyone should at least consider their options with a view toward the consequences if they do not.

Besides traditional long-term care insurance, a number of newer innovations involving life insurance and annuities that offer long-term care riders and early access to benefits should be considered.

Through financial planning, we can help you project your situation and determine how prepared you are to withstand the costs of an extended chronic care condition.  We can also explore alternatives for dealing with any projected exposure and determine the appropriate option for preparing for it.  Contact us today to learn more about our process for protecting you and your family.

While some riders are part of an existing contract, many others may carry additional fees, charges and restrictions, and the policy holder should review their contract carefully before purchasing. Guarantees are based on the claims paying ability of the issuing insurance company.

Meet the team

Have you met our team?

We have a wealth of experience in the financial services industry.

Website Design For Financial Services Professionals | Copyright 2019 AdvisorWebsites.com. All rights reserved