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Insurance transfers the financial risk of life's events to an insurance company. By creating an insurance strategy that can include personal insurance, liability insurance and life insurance, we help protect your family with a customized plan.
Did you know that there are numerous benefits to buying a life insurance policy for a child before the age of eighteen, including affordable premiums as well as (in most cases) the avoidance of a paramedical exam? With an extended time to grow, there are many unique ways to utilize the cash value of the policy once the child reaches adulthood as well.
Americans are living longer than ever, and most of us will need additional help with everyday activities at some point in our lives. According to a 2023 study conducted by New York Life, the average cost of a year’s care in a private Medicare-certified long-term care nursing home room is over $116,000, and the average in-home care is over $60,000 for forty hours of help per week. Long-term care policies are an efficient way to shield some of the cost burden from your loved ones in advance of the time you may need the care.
Do you have that one irreplaceable person in your company? What would you do if he/she suddenly passed away? Keyman insurance is insurance against the death of that key person in your company. It is designed to compensate for the financial loss suffered following the death of that key member of your staff.
profeDo you know what type of insurance you need? How much is adequate to take care of you and your family? Life insurance helps protect your family members from financial losses that could occur as a result of your death. It offsets expenses such as medical bills, funeral costs, debts, mortgage payments, and college tuition. Life insurance provides a financial legacy for your heirs. Don’t sell yourself or those you leave behind short. Make sure you are properly covered. Ask the professionals.
The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.