Every Well-thought-out Financial Plan Includes Insurance
You’ve built a nest egg and are fortifying your portfolio to help secure your financial future and maintain the lifestyle you want in retirement. Building and growing your money is only part of your financial picture. It is important to consider protecting your income and assets by using insurance. Insurance hedges you against financial losses from unexpected events that can change your life—and provides ways to pay outstanding debts, estate taxes, lost wages, funeral, care, education, and other expenses. There are many types of insurance, and you may need different products at different times. Our Advisors will help you evaluate your needs to determine which products will work best for you and when you’ll need them. Our business is built on a foundation of thoughtful client relationships.
LIFE INSURANCE
Life Insurance can provide a tax-free income benefit to beneficiaries in the event of your untimely death. This benefit commonly offers resources to meet your family’s future financial needs. Life Insurance generally falls undertwo categories: temporary and permanent. Term Life Insurance is temporary insurance that provides a benefit for a specific period and is relatively inexpensive. Permanent Life Insurance provides death benefit protection for extended periods, generally utilized for specific financial planning goals.
DISABILITY INCOME
Disability Income Insurance is designed to help support yourlifestyle and safeguard your financial future. Disability Income Insurance can cover a substantial portion of yourincome if you are injured or ill and unable to work. Employers may offer short-term or long-term disability income insurance as an employment benefit. However, it may not cover your entire salary. Unlike an employer-offered plan, personally-owned coverage follows you if you leave your current employer.
LONG TERM CARE
Long-term care services help people with chronic conditions live independently and cope with a limited ability to perform the Activities of Daily Living (ADLs). The design of Long-term care insurance is to cover some or all of the costs associated with the services needed to assist you with your ADLs. This insurance covers chronic care that traditional health insurance or Medicare may not. It also helps to protect assets that would otherwise have to be used to pay for this care.