Areas of Practice

Life Insurance

Life Insurance: Ensuring Financial Security for Your Loved Ones

Life insurance is one of the most important investments you can make to protect your family's financial well-being. In unforeseen circumstances, such as an unexpected illness or an unfortunate accident leading to your untimely death, life insurance will provide financial support for your loved ones. The life insurance policy's death benefit can be used to pay off debts, car loans, mortgages, and even cover the costs of funeral expenses. This will prevent your loved ones from having to use their savings or assets to cover these expenses. Moreover, life insurance can provide peace of mind knowing that you have financially protected your loved ones in the event of the unthinkable. In conclusion, investing in life insurance is a wise decision that will ensure your family is financially secure even when you’re no longer around to provide for them.

Long Term Care Insurance: Protecting Assets From Depletion Due to an Extended Care Event

There is no way to know for certain if you will someday require long-term care either in your home or in a specialized facility. But it’s likely when you consider that people are living longer than ever and that the U.S. Department of Health and Human Services reports that 69% of people will use long-term care services at some point. Many people find long-term care insurance worth it because it offers peace of mind knowing that they won’t drain their assets or put undue pressure on family members.

Long-term care insurance steps in if you develop a health condition that requires you to receive care and supervision. This could mean home health care, nursing home care or personal or adult day care. Many people mistakenly believe that Medicare or Medicaid would cover their care expenses, but this is often not the case. Without long-term care insurance in place, you may burn through your life savings or have no choice but to rely on a family member for care. Long-term care insurance is worth it because it protects your assets, spares your family from financial and emotional stress, and puts you in control of your health decisions.

Long Term Care Insurance

Disability Income Insurance: Steps in if You Become Too Sick or Hurt to Work

Many people think that their home or their investment portfolio is their biggest asset. In reality, their earning potential is usually their most important asset.

Everything from paying your mortgage to saving for a child’s college education depends on your ability to earn money from your job. The lost income from a serious illness or injury that prevents you from working can be substantial.

Half of working Americans (49%) couldn’t make it six months before financial difficulties would set in—and 11% said they would have problems immediately, according to the 2022 Insurance Barometer Study by Life Happens and LIMRA. An already unfortunate situation is often compounded by hefty medical bills that pile up on top of everyday expenses. Financial hardship from an injury or illness could lead you to burn through your savings, sacrifice your quality of life or even lose your home.

Disability insurance steps in to help you cover expenses; it pays you a percentage of your salary if an illness or injury prevents you from working. Depending on your policy, disability insurance covers your lost income for anywhere from a few weeks to your expected retirement age.

You most likely purchase auto insurance, homeowners insurance and maybe life insurance to protect yourself and the ones you love. Like each of these coverage options, disability insurance is an important element of comprehensive planning.

Medicare Supplements: The Missing Link

Medicare Supplement Insurance (Medigap) is extra insurance you can buy from a private health insurance company to help pay your share of out-of-pocket costs in Original Medicare.

Disability Income Insurance

Medicare Supplement Insurance