Life Insurance

Life insurance might not be the most pleasant coverage option to think about, but it can be critical to ensuring your loved ones are taken care of when they need it most. Life insurance policies pay a benefit to the policy’s beneficiaries in the event of a loss of life. There are a number of coverage options available including:

• Term Life Insurance – these policies provide coverage for a specified period of time, typically one to twenty years in length. If a loss of life occurs within the specified timeframe, the policy pays a benefit to the beneficiaries.
• Whole Life Insurance – this type of policy covers a person’s entire lifespan so long as premiums continue to be paid. An advantage to whole life insurance is that not only do these policies pay a benefit to the designated beneficiaries upon loss of life, but they are also able to build up a cash value over time that can earn interest and be eligible for tax deferrals. A policyholder can also borrow against the cash value of the policy making it a more flexible financial tool at one’s disposal. 
• Universal Life Insurance – these policies are similar to whole life insurance in that they cover someone for the entirety of their life and can build cash value over time. Universal life insurance policies have the added benefit of offering greater flexibility including the option to skip a payment if the policy has accrued a certain cash value level

Sorting through different life insurance coverage options can be an overwhelming task on your own. Meeting with our team of experts to go through your unique circumstances and family situations can help you figure out what policies are the best match and what amount of coverage you need. Contact us today to set up a meeting to take care of what matters most, protecting your loved ones.

What Is Long-Term Care Insurance? 

Long-term care insurance is designed to help cover the costs of extended care services when an individual can no longer perform certain daily activities independently due to aging, illness, injury, or cognitive impairment.

Coverage may help pay for care provided at home, in assisted living facilities, adult day care centers, or nursing homes.

Long-Term Care Services May Include

• Assistance with Bathing
• Dressing Assistance
• Mobility Support
• Meal Preparation
• Medication Management
• Personal Care Services
• Skilled Nursing Care
• Memory Care Services

Home Health Care

Many individuals prefer to receive care in the comfort of their own homes.

Coverage may help pay for:

• Home Health Aides
• Personal Care Assistance
• Homemaker Services
• Skilled Nursing Visits

Assisted Living Facilities

For those who need help with daily activities while maintaining a level of independence.

Benefits may help cover:

• Housing Costs
• Personal Care Assistance
• Meal Services
• Medication Support

Nursing Home Care

Provides around-the-clock medical and personal care services.

Coverage may help offset the significant costs associated with long-term residential care.

Adult Day Care Services

Provides supervised care and support during daytime hours while allowing individuals to remain at home.