We offer an array of products to protect your retirement
We offer an array of products to protect your retirement
Long Term CARE insurance
People are living longer than ever. Currently 16% of the U.S. population is age 65 or older; and in the next twenty years, it is expected to increase to 23% (1). And 70% of those over 65 will need long-term care at some point. (2)
Medicare only pays for short term care (100 days maximum) following hospitalization.
According to the Genworth 2018 Cost of Care Survey, the national median annual cost for long term care ranges from $48,000 to $100,375, depending on the type of care needed. (3) And if planning to self-insure, you must consider both the possibility of a lengthy period of care as well as inflationary increases to the current cost.
But, enough about statistics – THE COST OF CARE REPRESENTS THE GREATEST RISK TO YOUR RETIREMENT FUND AND FOR YOUR FAMILY.
IT’S ABOUT CHOICES – care on your terms. Will you choose where and by whom your care is delivered? Do you have your ticket for admission to the facility of your choice?
Life Insurance
Life insurance can play an important role in your financial security at any stage in your life, including protecting your family from financial hardship upon death, insuring your home mortgage, leaving a legacy and even helping to fund your retirement or long-term care needs.
Whether you have term (temporary) or whole (permanent) life insurance or a combination of the two, it is important to periodically review your coverage during those life stages.
We partner with an agency who specializes in life insurance, including FINAL EXPENSE, which is whole life insurance providing benefits to pay for the expenses associated with funerals and more. Wouldn’t it be a gift to your family to have a plan so that they aren’t burdened with having to cash in assets to pay for your final needs?
Annuities
As we are living longer, one of the biggest risks in retirement is outliving your savings.
A fixed annuity can help you to plan for the lifestyle you’ve worked hard to achieve.
Their features include safety of your principal and tax deferred earnings; and at retirement, provide you with a guaranteed stream of income.
We partner with an agency who offers many types of fixed annuities – flexible premium (you save at your own pace) single premium and “indexed” (earnings are linked to stock indices without risk of loss). We can help you with your retirement planning.
Miscellaneous
Many clients choose coverage beyond their health benefits to fill in the gaps or provide extra benefits that Medicare does not include such as:
- Hospital indemnity (pays hospital costs)
- Dental, hearing and vision
- Cancer, heart attack and stroke insurance
- Critical illness
Let us help to develop a plan to protect you from unexpected financial exposure.
1) S. Census Bureau Population Projections
2) 2018 U.S. Department of Health and Human Services (longtermcare.acl.gov) 8/29/18
3) Genworth Cost of Care Survey – conducted by CareScout (Genworth company) June 2018. Based on median annual costs which vary among states.
We are ready to help you
Simply click on the Contact button, complete the form, and we will reach out to you to schedule a day, time and location that’s convenient for you. We can meet with you in person or discuss on the phone.
Victoria Edgerley, CLU, LTCP
