Insurance Planning Services

Life insurance
Finding the right policy may be simpler than you think. There are two basic types of life insurance: term and cash value. Cash value (or “permanent”) life insurance policies offer death benefits and some characteristics of an investment – a percentage of the money you spend to fund the policy goes into a savings program. Cash value policies have correspondingly higher premiums than term policies, which offer only death benefits during the policy term. The term is a great choice for many young adults because it is relatively inexpensive.

Disability Insurance
Think you don’t need disability coverage? Think again. We all want to leave this world with our financial affairs in good order. So we draft a will and an estate plan and purchase life insurance. But few of us consider disability insurance – the coverage that can help us maintain our income and quality of life while we are alive. We’d all like to believe that we’ll never be disabled. But the reality is … it could happen to you. If it does, will your family be taken care of? Will you be prepared?

Long-Term Care Insurance
How will you pay for long-term care? The sad fact is that most people don’t know the answer to that question. But a solution is available.

Your premium payments buy you access to a large pool of money that can be used to pay for long-term care costs. By paying for LTC out of that pool of money, you can preserve your retirement savings and income.

Can you imagine spending an extra $30-80K out of your retirement savings in a year? What if you had to do it for more than one year?

What it pays for. Some people think LTC coverage just pays for nursing home care. Not true: it can pay for a wide variety of nursing, social, and rehabilitative services at home and away from home, for people with a chronic illness or disability or people who just need assistance bathing, eating, or dressing.