Insurance Services

Having the right insurance to cover yourself, and your family is the cornerstone of every financial plan. 

Life Insurance can help to financially cover your family.  Life Insurance needs should be evaluated when major life changes occur; marriage, birth of a child, purchase of a home, decision for one person to stay at home, major wage earner changes, divorce, retirement, and when paying off your mortgage. 

There are many life insurance choices available (whole, term, universal, variable).  Speak with a financial executive to ensure your life insurance needs are adequately covered and you have the right plan in place for you and your family.

Americans are living longer than ever before.  And, according to government projections, this trend is expected to continue.  The U.S. Census Bureau (2000) estimates that by year 2030 the number of seniors age 65 and older will double to 70 million.  Over the next 50 years, the age 85 and older population is expected to be the fastest growing segment of society.  Unfortunately, along with aging, the changes of needing long-term care (LTC) increase.  The primary reason for this is the likelihood of chronic conditions grows with age.

Long-term care refers to a broad range of services that assist those with chronic conditions in performing the essential activities of daily life, such as bathing, dressing, and eating.  Long-term care can be quite costly.  If you or your spouse should ever require long-term care, have you considered how you would pay for it?  Medicare has long been thought to cover this care.  IT DOES NOT. Medicaid is the major source of funds for long-term care.  However, eligibility for Medicaid is strict and may require you to “spend down” almost all of your personal assets before becoming eligible for assistance.  You can no longer transfer assets to the next generation to “spend down”.

With advance planning, private long-term care insurance can help cover your assets from the costs of long-term care and avoid or defer dependence on Medicaid.