Invest with Discipline, Insured for Life ©

Would you ever consider not insuring your home or any real property that you own?   Probably not.  Most of us agree on the importance of having homeowners’ insurance, auto insurance and Health Insurance.  

Insurance plays a crucial role in your overall financial plan. Unlike home owners insurance and auto insurance where the insurance coverage can easily be determined by appraisals, it is generally difficult for an individual to determine how much life, disability or Long Term Care insurance coverage he or she needs.  Not to mention that these types of insurance often times come with different types and levels of benefits which add complexity and confusion in the decision process. 

We can help you with the evaluation of your life, disability, and long-term care insurance needs and provide estimated premium quotes. 

Life Insurance

In the past couple of months, well known individuals and celebrities have unexpectedly died- Farrah Fawcett, Michael Jackson, Billy Mays and Steve McNair.

Death is probably not something that you like to spend time dwelling on, but there is a reason that every actuarial table has death as 100% probability- we are all mortal.

It is always tragic when someone dies in a family. It can also be a financially devastating event, if the proper protection plan is not in place.  

Life insurance is a tool that allows you to assure the financial security of your loved ones. Protect your loved ones by starting an insurance policy that is customized to your current lifestyle and financial situation. Please contact us to evaluate whether you are over or under insured.  

Disability Insurance

Disability insurance is intended to replace your earnings in case of your disability. Do you know the following statistics?

• 3 in 10 workers entering the work force today will become disabled before retiring. (Social Securitiy Administration, Jan 31, 2007)  
• Close to 90% of disabling accidents and illnessess are not work related. (National Safety Council, injusry facts 2008)
• In the last 10 minutes, 498 Americans became disabled. (National Safety Council, injury facts 2008)

Christopher Reeve (Superman), became paralized in a horseback riding accident and completely lost his earning ability at the age of 43.

Only 39% of the 2.1 million workers who applied for social security disability insurance benefits in 2005 were approved. (Social Security Administration, Office of disability and income security program)

We can help you evaluate your disability insurance needs and recommend the right policy for you.

Long-Term Care Insurance 

Individuals need long-term care when a chronic condition, trauma, or illness limits their abilty to carry out basic self-care tasks, called activities of daily lives (ADLs), (such as bathing, dressing or eating), or instrumental activities of daily lives (IADLs)( such as household chores, meal preparation, or managing money). Long-term care often involves the most intimate aspects of people's lives- what and when they eat, personal hygiene, getting dressed, using the bathroom. Other less severe long-term care needs may involve household tasks such as preparing meals or using the telephone. 

• An estimated 10 million Americans needed long-term care in 2000 (Long-term care financing project, Georgetown University 2003)
  
• The lifetime probability of becoming disabled in at least two activites of dialy living or of being cognitively impaired is 68% for people 65 and older (A Report of the nation on Independent Living and Disability)
  
• Most but not all persons in need of long-term care are elderly. Approximately 63% are persons aged 65 and older (6.3 million); the remaining 37% are 64 years of age and younger (3.7 million)(Long-term care financing project, Georgetown University 2003)

Christopher Reeve (Superman), was disabled for 9 years before he passed away. His college roommate and close friend, Robin Williams, had to help him pay his medical bills during his final years. 

I might not need it. The odds are against you! According to the U.S. Department of Health and Human Services, at least 70% of people over the age 65 will require some long-term care services at some point in their lives.

Will your Children provide the care? Just think how hard it is to get everyone together for a family vacation. Who will take shifts watching over an infirm parent?

In the event that you may need long-term care, are you prepared?  Please give us a call today to discuss.