When loved ones depend on you

We never know what life is going to throw at us, but with a life insurance policy we can protect our loved ones after we’re gone. When the unthinkable happens, we don’t want to leave our children or spouse with the financial burden of funeral costs, medical bills, rent, mortgage, debt, tuition, and other expenses.

Life insurance can be affordable for every budget, especially if you start when you are healthy. The process is quick and easy, and I can help you figure out how much you need. We can discuss your plans and budget to find the right policy for you and your family without breaking the bank. With every monthly payment, you are purchasing peace of mind that your loved ones will be protected — paying toward the ability to care and provide for them even after you’re gone.

Life insurance may be one of the most important purchases you'll ever make. In the event of a tragedy, life insurance proceeds can help pay the bills, continue a family business, finance future needs like your children's education, protect your spouse's retirement plans, and much more. If you're considering securing you and your family’s financial future, I would be happy to review your current situation and offer a few ideas on how you can protect it!

Types of Life Insurance:

Term Insurance, the most affordable type of insurance when initially purchased, 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.

Deciding between term and permanent insurance can be tricky. Term is cheaper right away, but the premiums usually increase every year and it only pays out if you pass away within the stated time (term).

Permanent costs more during the early years, but includes a savings feature that may end up being worth more than the amount you pay in premiums - and pays your beneficiaries no matter when you pass away.

So how do you decide? Generally speaking, if you're going to have the policy for 10 years or less, choose term. If you'll keep it 20 years or more, choose permanent. Between 10-20 years, consult a professional.

Final Expense Insurance is an insurance policy used to pay for funeral services and a burial when the named insured dies. Such a policy helps ease the financial burden placed on a family when a loved one dies.

End-of-life issues can be difficult to talk about but are important to plan for. Death brings with it a number of expenses that can have a financial impact upon the loved ones you leave behind.

Loans, credit card debt, estate costs, the funeral... most people leave behind unpaid expenses when they die, expenses that, if left unattended, burden their families tremendously. Final expense coverage is life insurance that pays off these debts, ensuring that everything will be taken care of if you pass.

Final expense needs are usually covered with a whole life insurance policy. The benefits of whole life insurance include a guaranteed level premium that can never be increased, guaranteed cash value and a guaranteed death benefit that can never be decreased. The cost of final expense coverage is very affordable, even if you have some health problems. The application process is quick and easy. You can apply for final expense insurance coverage without having to undergo any medical examination - you simply answer the questions on the application.

Why is Final Expense Insurance so important?

The average funeral costs between $10,000 and $30,000. That, in addition to existing personal debts, legal and medical bills, can quickly break the bank. Ask yourself, "If I died tomorrow, could my family afford my expenses?"

If the answer is no, then final expense insurance is essential. With a final expense policy in place, you can rest assured, knowing that your debts will never add to your family's grief. Everything, from the cost of burial to hospital bills and probate attorney fees, will be paid for. It's not just the responsible thing to do, but it's a final gift to your loved ones in their time of need.

Making the choice to purchase final expense life insurance will give you peace of mind and will help your loved ones take care of the necessary details. We are happy to help determine the best plan for your unique situation.

Universal Life Insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings components of the policy. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances. For example, if the savings portion is earning a low return, it can be used instead of external funds to pay the premiums. Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly.

Whole Life Insurance is a life insurance contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder can withdraw or borrow against.

As the most basic form of cash-value life insurance, whole life insurance is a way to accumulate wealth as regular premiums pay insurance costs and contribute to equity growth in a savings account where dividends or interest is allowed to build-up tax-deferred.

Long Term Care Insurance is the care people need when they can't perform the tasks of ordinary living independently. Long Term care refers to a wide range of medical, personal and social services.

This type of care may include help with activities of daily living such as eating, dressing, transferring, bathing, toileting and continence. It can also be care related to cognitive impairment like memory loss or dementia. A person may be able to dress themselves and get around, but they may have trouble remembering to take their medication.

Many policies also offer a Care Coordinator benefit which gives you the benefit of having a licensed health care professional who can assess your needs and develop an individualized care plan. This is an extremely helpful benefit for those friends or family members who are coordinating your care.

Long Term Care may include care in the following settings:
 ck At Home
Long Term care insurance helps pay for services provided by home caregivers and if they are new to care giving, pay for their training as well as things like medical monitoring equipment, home modifications and durable medical equipment.

ck Assisted Living Facilities
Assisted living facility combines residential housing, personalized support services and health care for people who need some help with daily living activities. Assisted living facilities offer the freedom of independent living within a monitored environment.

ck Nursing Home
Nursing homes provide a living environment with 24-hour access to skilled nursing care, including medical service and monitoring your needs.