Comprehensive Planning
Preparing and planning for the uncertain events that sometimes occur in life can help make the situations more manageable if they do happen. We believe life, long-term care, disability, and health insurance products are worthy of consideration when preparing for the possibility of these uncertainties.
Life insurance proceeds provide replacement income to your family, can be used to pay off any outstanding debt like your mortgage, and provide funding for your children’s education.
As we get older, our health and ability to care for ourselves without assistance can also become a challenge. We recommend the creation, or review, of a long-term care plan to ensure you have the financial means available receive the quality of care you need.
Life Insurance
When you start thinking about life insurance, odds are that you’re thinking about protecting your family, both now and in the future. And that’s a great place to start. But life insurance can do so much more. While everyone can benefit from life insurance, you may want to consider one type more than another, depending on where you are at this point in your life.
Disability Income
When you start thinking about life insurance, odds are that you’re thinking about protecting your family, both now and in the future. And that’s a great place to start. But life insurance can do so much more. While everyone can benefit from life insurance, you may want to consider one type more than another, depending on where you are at this point in your life.
Long Term Care
There may come a time when you no longer can do all the things you once did for yourself. Maybe you’ll find it difficult to continue shopping for groceries or preparing meals. Or you’ll need help with personal tasks like bathing, dressing or managing your medications. A long-term care insurance policy is designed to help you pay for help you may need.
Annuities
People typically buy annuities to help manage their income in retirement. Annuities provide three things:
Periodic payments for a specific amount of time. This may be for the rest of your life, or the life of your spouse or another person.
Death benefits. If you die before you start receiving payments, the person you name as your beneficiary receives a specific payment.
Tax-deferred growth. You pay no taxes on the income and investment gains from your annuity until you withdraw the money.
Premium Financing
One way to protect future heirs is to insure your life so that, at your passing, estate taxes can be paid with the proceeds from a high-value life insurance policy. Typically, in such arrangements, the policy is held separate from the rest of the estate, in a trust.
An insurance policy can directly benefit your heirs and other beneficiaries. The proceeds of the policy can be used to:
Cover estate taxes and thereby avoid liquidating assets or disrupting an investment portfolio
Retain control of significant or illiquid assets, such as a concentrated stock position or real estate assets.
Provide funds to sustain a business