The purpose of life insurance has grown way beyond its original intent of a simple burial benefit. Today, life insurance is used for a variety of purposes including: wealth transfer, estate planning, or as an investment for retirement or college. It can also be used to protect a business from failing in the event an owner, partner, or key man dies prematurely. But possibly more important than all of these examples is when it is used for the purpose of income replacement.
As you will find here in Mesa, as well as the rest of the country, it is very common to have two wage earners in a household. Because of the expense in owning a home and raising a family, it oftentimes takes both paychecks to make ends meet. So that begs the question: “How would either of you continue to provide for your family should either of you pass away prematurely?” While life insurance is sometimes provided as a work benefit, it oftentimes falls short of what is needed to pay for final expenses, and maintain the lifestyle your family has become use to. Call and find out how life insurance can protect your family’s future, ensuring the home and education you’ve been working so hard for.
Short and Long-Term Disability Insurance
It’s been said that ones most valuable asset is the ability to earn an income. When you think about it, that’s probably true. Unfortunately, with a blink of an eye, that most valuable asset could disappear. Over 37-million Americans are partially, or fully disabled due to health reasons or an accident. That’s approximately 12% of our population. Another sad statistic is that 68% of adult Americans have no savings put away for emergencies such as a disability. When you couple that with the fact that many Americans are living paycheck-to-paycheck, many may be only a slip or fall away form financial ruin. Don’t take a chance of losing everything that you’ve worked so hard for. Check with us to see how affordable disability insurance can be.
Long Term Care Insurance
Possibly one of the scariest thoughts one has as they age is losing everything due to an extended stay in a nursing home. Unfortunately, that happens all too often due to the expense of long-term care and the lack of insurance coverage to pay for it. Many people mistakenly believe that Medicare will provide enough coverage for their long-term stay, but that is simply not the case. Medicare coverage for long-term stays is limited to skilled nursing facilities when it is necessary for you to receive skilled nursing care. Unfortunately, most nursing home care is custodial care, for things such as bathing, dressing, and day-to-day needs, which Medicare doesn’t provide for.
The good news is that Long Term Care (LTC) insurance is surprisingly affordable if purchased early enough. Call us today to learn more about how you can use an LTC policy to protect your estate and provide yourself with peace of mind knowing that you will be well taken care of.