Life Insurance

Life insurance is more important that you may think- from safeguarding your life savings to covering a child’s college tuition, or protecting your own retirement plan. 

There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance. 

Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

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In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals.

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But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.

 

Annuities

Annuities can be used to help you increase your savings, protect what you've saved, or generate a stream of income. 

Are you worried about outliving your income? That’s a risk that you may be able to do something about. When you invest in an annuity, you set the stage to receive income in the future, subject to the terms, conditions and or limitations of the insurance contract.It is designed to help accumulate assets to provide income for retirement. 

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As you build your retirement income strategy, consider annuities as part of your overall solution. Whether you are in the early stages of saving or already in retirement, annuities can provide valuable benefits that include tax-deferred growth opportunities, principal and income protection and a guaranteed income stream that can last a lifetime. Let us help you find the right annuity for your goals.

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Health Care (Medicare)

When you reach 65 you are now faced with a new health insurance option: You are now eligible for Medicare.  Contrary to what many think, Medicare isn't free and there are a variety of options available to meet your specific needs. Medicare is actually broken up into 4 parts:

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Medicare Part A: Part A covers hospital care, skilled nursing, hospice and some home health care. 

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Medicare Part B: Part B covers doctor visits, preventive care, outpatient care and hospitals, and some home health care. 

 

Medicare Part C: Part C is also known as a Medicare Advantage plan. These are Medicare health plans offered by private companies that contract with Medicare to provide you with all your Part A and Part B benefits.

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Medicare Part D: Part D covers prescription drug plans.

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There are also Medicare Supplement plans available to help fill in areas that Medicare plans may not cover.

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There is a lot involved in Medicare and it confuses many people. Let us help take the confusion out.

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Estate Planning

Creating a comprehensive estate plan to deal with your assets and provide for your loved ones after your death is one of the most rewarding tasks you can undertake. You will feel an enormous sense of accomplishment when you complete your estate plan. Avoid probate, reduce your estate taxes, protect your loved ones and much more by making an estate plan.