LIFE INSURANCE
An individual living without life insurance could potentially be setting their loved ones up for disaster. With out the necessary life insurance coverage, premature death could leave a provider’s survivors with no money for other aspects such as: investment planning, college funding, retirement planning, or even just some basic necessities of life. If you have dependents but your assets would not provide for them adequately after your death, then you need life insurance.
How much life insurance do you need? The simple answer is enough to sustain your family’s present standard of living plus any other financial obligations they may be presented with in the future.
LONG TERM CARE
Long-term-care insurance provides benefits for medical and other services provided to insured individuals who need constant care in their own homes or in a nursing home. For long-term-care needs, we offer comprehensive policies, nursing home policies, home, community-care policies and shared benefit policies.
Benefits of purchasing long term care products include:
Frequently asked Questions
Q: I thought Medicare would cover me?
A: Medicare pays less than 2 % of the total U.S. nursing home bill. The Medicare program was intended to cover only the short-term need for medical attention.
Q: Can’t I just self-insure the risk myself?
A: Many people choose to do this, however, according to the Health Insurance Association of America; the average cost of a nursing home stay today is $ 36,000 per year. The U.S. Congress has reported that half of all married couples are living in poverty within one year after a spouse enters a nursing home. Surely, you would not want to see this happen to you or your loved one.
Q: Can’t I just go on Medicaid?
A: To qualify for welfare assistance under the Medicaid program, you must spend down your assets to a poverty level specified by your state. And surely you don’t want to see your life savings be spent on nursing home costs. Also there are extensive regulations designed to prevent you from transferring your assets to other family members in order to qualify for Medicaid.
Q: My family will take care of me?
A: First of all your spouse may not be able to take care of you because they may have predeceased you or are already in a nursing home. Sure your children will take care of you but, would you want to put that burden on them as they are trying to put their children through college and save for their own retirement.
Q: Can’t I just wait to buy long term care if and when I need it?
A: By then it may be too late. If you are in eminent need of long-term care, insurance companies may refuse to issue a policy to you. Even if you can get coverage, the premiums are much higher at later ages.
DISABILITY INSURANCE
You've worked hard to provide financial security for yourself and your family. You've insured your car, your house, and your most prized possessions. But what about your most valuable asset? Have you protected the one thing that makes all other assets possible - your ability to earn an income?
The chances of experiencing a disabling sickness or injury may be higher than you think. Between the ages of 35 and 65, for example, the average American worker runs a 30% risk of being disabled - and unable to work - for three months or longer. What's more, the average length of a non-permanent disability is 2 ½ years.
Even if you have an income protection plan through your employer, it may not replace enough of your income to meet your financial obligations should you become disabled. An individual income protection insurance plan is a completely portable way to complement your existing work benefits or other disability coverage and help ensure your financial security.
An individual living without life insurance could potentially be setting their loved ones up for disaster. With out the necessary life insurance coverage, premature death could leave a provider’s survivors with no money for other aspects such as: investment planning, college funding, retirement planning, or even just some basic necessities of life. If you have dependents but your assets would not provide for them adequately after your death, then you need life insurance.
How much life insurance do you need? The simple answer is enough to sustain your family’s present standard of living plus any other financial obligations they may be presented with in the future.
LONG TERM CARE
Long-term-care insurance provides benefits for medical and other services provided to insured individuals who need constant care in their own homes or in a nursing home. For long-term-care needs, we offer comprehensive policies, nursing home policies, home, community-care policies and shared benefit policies.
Benefits of purchasing long term care products include:
- Choice and remaining independent
- Protection of assets
- Avoid the emotional burden for family members
- Guaranteed affordability of services
- Quality of care
- Peace of mind
Frequently asked Questions
Q: I thought Medicare would cover me?
A: Medicare pays less than 2 % of the total U.S. nursing home bill. The Medicare program was intended to cover only the short-term need for medical attention.
Q: Can’t I just self-insure the risk myself?
A: Many people choose to do this, however, according to the Health Insurance Association of America; the average cost of a nursing home stay today is $ 36,000 per year. The U.S. Congress has reported that half of all married couples are living in poverty within one year after a spouse enters a nursing home. Surely, you would not want to see this happen to you or your loved one.
Q: Can’t I just go on Medicaid?
A: To qualify for welfare assistance under the Medicaid program, you must spend down your assets to a poverty level specified by your state. And surely you don’t want to see your life savings be spent on nursing home costs. Also there are extensive regulations designed to prevent you from transferring your assets to other family members in order to qualify for Medicaid.
Q: My family will take care of me?
A: First of all your spouse may not be able to take care of you because they may have predeceased you or are already in a nursing home. Sure your children will take care of you but, would you want to put that burden on them as they are trying to put their children through college and save for their own retirement.
Q: Can’t I just wait to buy long term care if and when I need it?
A: By then it may be too late. If you are in eminent need of long-term care, insurance companies may refuse to issue a policy to you. Even if you can get coverage, the premiums are much higher at later ages.
DISABILITY INSURANCE
You've worked hard to provide financial security for yourself and your family. You've insured your car, your house, and your most prized possessions. But what about your most valuable asset? Have you protected the one thing that makes all other assets possible - your ability to earn an income?
The chances of experiencing a disabling sickness or injury may be higher than you think. Between the ages of 35 and 65, for example, the average American worker runs a 30% risk of being disabled - and unable to work - for three months or longer. What's more, the average length of a non-permanent disability is 2 ½ years.
Even if you have an income protection plan through your employer, it may not replace enough of your income to meet your financial obligations should you become disabled. An individual income protection insurance plan is a completely portable way to complement your existing work benefits or other disability coverage and help ensure your financial security.