Insurance Services
Life Insurance, not just a death benefit
Insurance can be more than just providing a guaranteed benefit in the event of death. Insurance can play an important role in
- Financial protection for loved ones or a business
- Income replacement
- Supplemental retirement income
- Account value growth that can be used as a financial resource through loans and withdrawals
- Tax-deferred asset protection and accumulation
- An efficient means of transferring wealth
- A source of funding for business owners, where owners can borrow against the cash value of their policy.
We can assist in determining your needs and finding a policy that meets them.
Long-Term Care
It may be hard to imagine now, but you will likely need some help taking care of yourself later in life. The question is how will you pay for it?
Long-term care insurance can help cover the cost of care if you develop a chronic medical condition, disability, or a disorder such as Alzheimer’s disease. The cost of care for one of these conditions can easily drain ones finances. A Genworth study from 2018 found that the median home health care and nursing home cost are $50,336, and $100,375 and expected to continue to rise. These expenses could derail even the best laid plans.
Purchasing a long-term care policy can:
- Preserve savings and assets for family
- Help maintain one’s financial independence
- Eliminate the need to borrow money for long-term care cost
- Relieve family and friends from care giving task as paying a professional becomes and affordable option.
- Allow you to choose where to receive your care
- Expand the range of services one can afford to receive
Long-term care however is not a cookie cutter solution, let us assist in finding a policy that provides the benefits you need within a budget you can afford.