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Insurance Planning

Life Insurance

If you passed away tomorrow, would your family have the money to pay for your final expenses? Would your family be able to maintain their current standard of living? Would your spouse be able to save enough money to put your kids through college and retire comfortably? Life insurance may be one of the most important purchases you make to help ensure that your loved ones are provided for financially. It’s a subject no one really wants to think about, but if someone depends on you financially, it’s one you cannot avoid. There are many types of life insurance, but for all of them the bottom line is the same: they pay cash to your family after you pass away.


Disability Insurance

Your most important asset is not your house, your car, or your possessions; it’s your ability to earn a living. Think about it: all of your plans for the future – from buying a home, putting your kids through college, and building a retirement nest egg – are based on the assumption that you will continue to earn a paycheck until you retire, but what would happen if those paychecks stopped? That’s where disability insurance comes in. Disability Insurance provides an income to you and your family if you are unable to work due to illness or injury.



Long Term Care

Long–term care insurance is designed to pay for the often–astronomical costs of long–term care for people with chronic disabilities. With longer life expectancies, the need for long–term care insurance is becoming more pronounced.

Long–term care is not normally covered by regular medical insurance. For instance, employee group health and major medical plans provide very limited long–term care coverage. Medicare provides only limited nursing home and home health care coverage. Medigap, which fills in the gaps left by Medicare, does not extend coverage for long–term care beyond Medicare limits. Medicaid also requires individuals to spend almost all of their savings and assets before becoming eligible for nursing home coverage.

 

Should I consider long–term care insurance?

  • Are you between the ages of 48-75?
  • Are you retired or planning for retirement?
  • Do you have $50,000+ in assets, not including your home?
  • Are you reasonably healthy?