INSURANCE SERVICES
Insurance is one of those things that no one wants to talk about, but everyone knows is a necessity. We are able to do a full insurance need analysis based on your individual needs, considering both your risks and needs in helping you to adequately protect you and your family. Many types of insurance are offered through your work under a group plan. It often makes sense for you to price out your own individual policies. First, they are often less expensive than the group policies in the long run, and second, you can’t take the group insurance with you when you leave your job. In many cases nurses willingly pay premiums for additional group insurance, yet they don’t really understand what they are paying for. What’s more, they don’t pay close attention to the ongoing payment when it’s automatically deducted each month. In short, they are not clear on how much they are paying for coverage. We will offer suggestions for your insurance needs especially as it relates to your estate plan. Some insurance coverages to consider would be disability insurance for individuals, long term care health insurance and whole or term life insurance. For auto and/or homeowners insurance, we have insurance professionals that we’ve partnered with to ensure the very best in cost and quality to our clients.
Disability Insurance
Disability insurance replaces a portion of your income if you become disabled and can no longer work. If you are covered by a group plan by your employer, it will probably replace 60% of your income. If you have an individual policy or a supplemental policy it can cover up to 70-80% of your salary. We offer disability insurance for individuals if needed.
Long Term Care health insurance (LTC) can be complicated, and often expensive. Of course, it’s not as expensive as paying for long term care out of your pocket. The younger you are, the less expensive the premiums will be. We offer long term care insurance plan; most people consider long term care insurance when they are in their fifties or early sixties.
Life Insurance
For many people, the most appropriate life insurance solution is some combination of term and permanent life insurance. Term life insurance will cover your family’s needs. This is a very practical decision. A whole life policy will build cash value over your lifetime, which you can access if you need to, and will allow you to transfer some of your wealth tax free to your heirs. This is an emotional decision, based on the fact that you love your family and want to make sure that if you unexpectedly die they will have no financial struggles due to the fact that you did not plan ahead.