Life insurance is a crucial step in planning for your future and your family’s future. It can fulfill promises and obligations to your family if you are no longer living.
The death benefit is income-tax free and can be used to cover funeral expenses, repay debt, provide education, pay estate taxes or any other expenses your survivors may incur.
Life insurance may also be used to help ensure that a family business will pass to your intended survivor. There are also benefits to certain types of life insurance plans during your lifetime.
We offer the following life insurance products:
- Term
- Whole / Permanent
- Universal
- Variable Life Insurance
Contact us today to review options for individual or family health insurance coverage, including temp coverage and options if you are losing COBRA from previous employment.
Long Term Care
Lifetime Asset Protection
One of the numerous benefits of a partnership policy is that it allows you to keep an equal amount of money as you had in long term care insurance benefits and still qualify for Medicaid rather than having to spend-down your savings to meet Medicaid requirements (which is now $2,000).
For example, if your long term care insurance benefits totalled $250,000 and you exhausted the benefits, like everyone else you can keep $2,000 in cash, plus because you had a Partnership policy you can keep an additional $250,000 and qualify for Medicaid benefits. Wouldn’t your lifestyle be better with $252,000 than $2,000?
Long-term care insurance includes coverage for any of the following types of benefits:
- institutional care (convalescent facility, nursing home, extended care facility or personal care facility);
- home care (including home health care, personal care, homemaker services, hospice or respite care);
- community-based care (including adult day care, hospice or respite care).