There are basically 3 reasons to buy life insurance, and each plays a role in either estate creation and/or estate preservation. First, we use insurance to create the estate we have not had time to accumulate. Second, life insurance provides liquidity to our estate at death for the purpose of paying off any state and federal taxes due, and to avoid the prospect of a forced-sale of any real property or business interest for less than its true value. Third, and equally important, life insurance can pay off any outstanding notes or obligations such as mortgages, personally guaranteed debt, etc.
We will guide you through the process of identifying your needs, goals and objectives, and develop an analysis which is truly reflective of the legacy you wish to create. You will then be presented with specific policy and coverage options tailored to your specific needs and budget.
Disability Income Insurance
Disability is often unexpected and completely life changing, in terms of its impact on your physical, emotional and financial well-being. The threat of a long-term disabling illness or accident varies relative to the nature of your profession, your avocations, and your age. Given the statistical likelihood of you or someone you love dealing with some disabling event during your lifetime, disability income insurance should occupy a prominent place in every working individual’s portfolio.
Long Term Care Insurance
Once considered appropriate only for those in their “Golden Years,” Long Term Care insurance has fast become a must-consider for those approaching mid-life as well.
Long term care events are triggered by the inability to care for yourself and perform the normal activities of daily living. Long Term Care Insurance helps prevent and/or reduce the steady erosion of personal capital needed provide for ongoing maintenance and care at home or in a nursing facility.
The attendant costs for this care can be devastating to both the emotional well-being and financial stability of the care recipient and the caregiver(s), and in some cases can leave your estate decimated.
Please contact us to arrange an initial, no-obligation meeting.