Life Insurance, LTC, Disability
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Life Insurance | Long Term Care | Disability
Life Insurance
Why is Life Insurance Important?
Life insurance provides financial resources to a spouse and children should the unthinkable happen. Today’s economic uncertainties make finding the best insurance a must. Cost varies widely depending on the age and health of the insured.
What Kinds of Life Insurance is There?
(1) Term life insurance is a more affordable insurance that is in effect for a specific amount of time. Policies are available for a variety of terms such as 5, 10 or 20 years. Term life insurance provides a larger policy for the same monthly fee as a whole term policy. Many people choose to have a term life insurance policy while they are raising their children to ensure the family is provided for should something happen to them. Providing for a spouse is also an important reason to purchase term life insurance. Because there are a variety of choices for length of policy term life insurance can be purchased or added to any time a life event happens. Term life insurance may be available through an employer, but many experts recommend having an additional policy that is not dependent on a specific job.
(2) Whole life insurance provides permanent protection for your dependents while building a cash value account. With this type of insurance, the insurance company manages the policies various accounts.
(3)Variable life insurance provides permanent protection for you and is the type of life insurance with account flexibility for the more risk-oriented policy holder.
(4)Universal life insurance provides permanent protection for your dependents and is more flexible than whole or variable life.
Long Term Care
Will you have that kind of money to spare?
With a history of millions of Americans in care situations living with longevity, elder frailty, stroke, Multiple Sclerosis, Parkinson’s, Alzheimer’s, Spinal Cord Injury, Cerebral Palsy, accidents and other conditions that affect 50+% of folks over age 65 , I can testify to the need for mature thinking and adult decisions when it comes to long term care planning.
Disability
Why Do I need Disability Insurance?
Disability insurance provides policyholders with coverage that replaces a portion of an employer’s or employee’s income if he or she becomes too sick or disabled to return to the job. While many small business owners carry a variety of other insurance plans (health, fire, theft, and life), a smaller percentage maintain plans that cover themselves or their employees in the event of long-term disabilities.
