Disability Income Insurance
A sudden interruption of income-due to an extended period of sickness or injury-can have serious financial consequences for many of today’s employees. If you are lucky, you may receive group long term disability benefits through your employer. However, you will need to make sure the benefits available through your group long term disability coverage are adequate for your needs.
An individual disability income insurance policy can help supplement your group long term disability benefits and protect a larger portion of your income. This, in turn, provides a fundamental layer of security for your financial future. An individual disability income insurance policy you purchase on your own is fully portable, meaning you won’t have to worry about losing coverage if you change jobs.
Life insurance can be the foundation of your financial security and can provide comfort and stability for your family. The purpose of life insurance is to help provide your loved ones with financial protection after you die, in exchange for the premiums you pay to your insurer during your lifetime. Some life insurance policies can provide you with financial protection for the short term, while others accumulate cash value, offering a living benefit that can be used for supplemental retirement income, funding for a child’s education, or cash for emergencies.
Term Life Insurance
Term life insurance provides coverage for a set period of time at a generally lower cost than permanent insurance. Many term life insurance products allow you to convert to a permanent policy, such as whole life insurance. The cost of insuring oneself increases over time, so it’s important to understand your short- and long-term needs for financial security when you select a policy.
Permanent Life Insurance
Permanent life insurance provides you with financial protection for your entire life, as long as the policy remains in force. There are several types of policies you can purchase that offer flexibility and solutions to meet your individual long term goals.
Long Term Care PLANNING
Help Protect Your Assets
Costs for long term care are generally increasing as are lifespans, so your need to plan ahead for care has never been more important. Long Term Care planning can help you protect your assets by providing a pool of benefits you can use to help reimburse your expenses for care. That way, should the need for care arise, you can help protect your savings and your family’s future.
Maximize Your Options for Care
Long Term Care services can help improve the quality of life for those who are chronically ill and are unable to engage in everyday activities such as eating, dressing, bathing, and getting in and out of bed without assistance or who have a cognitive impairment. These long term care services can be expensive and costs generally continue to rise whether care is provided in the home, community-based settings, an assisted living facility, or nursing home. By providing more choices and more control over care options, Long Term Care Planning can help you face the future with confidence. You don’t have to prepare for long term expenses alone. Working with a financial services professional can help you review a variety of solutions designed to meet your long term care needs.
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