Life insurance is the foundation of any sound financial plan. If you think about it, you insure everything from your house to your car, yet you don’t insure your own life? Having the proper amount of coverage in place will not only protect your loved ones from the financial struggles of an unforeseen death, but also can provide numerous living benefits. These benefits include:
Saving for college
Saving for retirement
Protection against the costs of health care and long-term care
Creating a legacy for your children and grandchildren
We can help educate and navigate you through the process of creating a plan specific to your needs and goals. After all, no two situations are the same.
Did you know that over 37 million Americans are classified as disabled; about 12% of the total population. More than 50% of those disabled Americans are in their working years, from 18-64 (U.S. Social Security Administration, Fact Sheet February 7, 2013).
Have you ever considered the financial impact you would have on your family if you were suddenly to become disabled? You would be physically alive, but economically dead. Your most valuable asset is your ability to earn an income. Even though you may be covered through your work benefits, employer paid benefits typically only cover up to 60% of your income, and in most cases, you can’t take your policy with you should your employment relationship terminate. We can help you find an affordable income-replacement plan to protect you and your loved ones in the event of an unforeseen disability.
Long-term care insurance
When it comes to long-term-care insurance, relatively few sign up. It’s a subject most people don’t want to think about, yet know they need to. Long-term care (LTC) insurance provides valuable support and financial resources to help cover the health-care costs in the event of an illness, accident, or through the normal effects of aging. By helping to protect your assets, LTC allows individuals to prevent the depletion of their assets and protect their legacy for their children and grandchildren. By starting to consider your options earlier in life while in good health, we can help you protect against the unwanted financial effects later in life.