Life Insurance

Risk Management is the assessment and quantification of the financial impact of events that may change a client’s financial health. As part of the planning process, we assess whether Life Insurance, Long Term Care Insurance and other types of coverage may need to be put in place for each client with whom we work.

Some typical life events that might call for the implantation of insurance

1. Premature death
2. The onset of a long-term health issue
3. The onset of a disability issue

Some financial obligations that typically require insurance protection to be put in place

1. Mortgages
2. Income replacement
3. College Education Expense

Protecting what matters most
From everyday moments to major milestones, we understand that family is one of the most, if not the most, important asset. Our life insurance solutions can help you put your family first.

What is life insurance?
Life insurance served as a risk management vehicle that can provide benefits to beneficiaries upon your death.

Beneficiaries can use the money to help with their everyday living expenses – such as mortgage payments or medical bills, education expenses, your funeral costs and more.

Term life insurance
Term life insurance can be an affordable choice that generally provides coverage for a set period of time. The premiums — or regular payments you make — are the same throughout the specified time period.

Permanent life insurance
Permanent life insurance may provide coverage for your entire life and offers the potential to accumulate cash value which can be used throughout your lifetime for certain expenses like travel, college tuition or supplemental retirement income.

• Types of permanent life insurance
  • Whole life insurance
    
  • Universal life insurance
    

Long-term care insurance (LTC or LTCI)
Is an insurance product that helps pay for the costs associated with long-term care. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.

Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform two of the six activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking.

Long-term care is an issue because people are living longer. Long-term care insurance can cover  home care, assisted living, adult daycare, respite care, hospice care, nursing home, Alzheimer's facilities, and home modification to accommodate disabilities.

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