Insurance
If you want to protect your wealth, proper insurance planning is important.
You got where you are today by working hard and working smart. This means using all your resources to their maximum. At its core, insurance shifts the risk to others. You purchase insurance to protect yourself from an unlikely financial loss you cannot afford to sustain.
Without the proper amount of coverage, a financial or estate plan may fail, leaving you and your family with many unmet dreams and goals and potentially causing financial devastation.
A Few of Our Partners
Long-Term Care
It might be hard to imagine right now, but chances are you’ll need some help taking care of yourself or a loved one later in life.
How will you pay for it?
To protect their life savings. Long-term care costs can deplete a retirement nest egg quickly. The average cost of care is $80,000 a year.
To give more choices for care. The more money you can spend, the better the quality of care you can get. If you rely on Medicaid, your choices will be limited to the nursing homes that accept payments from the government program. Medicaid will also make you spend most of your assets with a few exceptions.
To lessen the burden: Long-term care is not about the person who needs it, it’s about the family members that have to deal with it. Most spouses or children are not prepared to provide long term care service to their loved ones. This type of care causes not only health issues for the people providing care but it could also mean a spouse or a child may have to give up their career.
Life Insurance
Getting life insurance is easier than you think!
Life insurance is a unique asset.
It can create an estate with low premiums in comparison to the total death benefit. It also has many tax advantages and may be ideal to incorporate in your financial plan.
- Providing liquidity to pay death taxes and estate cost, thus avoiding the necessity of liquidating assets in your portfolio, especially if you need the money when the market is down.
- Supplementing retirement income needs.
- Providing funds for charitable giving.
- Help equalize inheritance.
Hospital Indemnity
Hospital Indemnity insurance, also called Hospitalization insurance or Hospital insurance, is a plan that pays you benefits when you are confined to a hospital. This can be a planned or unplanned reason, or for other medical services, depending on the policy.
Why Hospital Insurance?
Hospital stays can strain even the healthiest of budgets. And in many cases, you can’t ignore the care you need even if it’s going to push you financially. Hospital Indemnity insurance plans provide payment for each day spent in the hospital, and many times for some other qualified expenses as well. That’s money you can use as you choose, whether for hospital bills or those other costs that come up while you’re recovering.
Disability insurance?
Your ability to earn a living and contribute to your household is likely your most valuable asset. Disability insurance replaces a portion of your income—or helps cover the cost of household services for stay-at-home-parents—should illness or injury prevent you from doing your job. We can help protect your income, and your family, with disability insurance. Let us help you find the right coverage.
Why do I need it?
A disability policy can help supplement your employer’s plan.
By owning a disability policy, you can close the gap between what’s covered by your employer’s group policy and what you need to maintain your lifestyle. Even if you have group disability insurance through work, most group plans:
- Only cover a portion of your income (typically 50-65%)
- Deliver benefits often subject to income tax
- End when you leave the company
- Offer coverage for 6-24 months.
“Your ability to earn an income is one of your largest assets, so why not protect it the same way you’d protect your car or home?”
Cancer
May develop Cancer in their lifetime.
But there is good news!
