Permanent coverage that stays in place, and there when your family needs it. Whole is used to solve a long-term problem such as passing along generational wealth, or being used at the point in which we die. Whole Life policies grow cash value, and in come cases can be used as an alternative option to using a loan, or a H.E.L.O.C. We always suggest speaking with an insurance expert who can help determine how much coverage is needed to help you reach your goals.
Insurance coverage designed to solve a short-term problem such as providing income protection for raising children if you die prematurely. Term Policies are not permanent and are often written as a 10 year, 20 year, or 30 year policy depending on the age of the client. It can also, be converted to a whole life policy at a later date.
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. About 70 percent of individuals over 65 will require at least some type of long-term care services during their lifetime. About 40% of those receiving long-term care today are between 18 and 64. Once a change of health occurs, long-term care insurance may not be available.
Most individuals make on average of about 35%-40% less when they retire than when they were working. In addition to that, most of us have a retirement plan where we have to pay taxes on our retirement income. For instance, your retirement income could be $50,000 but take home could be only about $38,000 after taxes. We also have to consider inflation 10, 15, and 20 years down the line. What if you could draw from your retirement account receiving a TAX-FREE income? Would that help?
Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for completion of core work functions. Approximately 30% of all people ages 35 - 65 will suffer a disability for at least 90 days, and about 1 in 7 can expect to become disabled for 5 years or more.
We have partnered with United Financial Freedom, which is a company that helps people with a proven system to literally erase thousands of dollars in interest. Using sophisticated banking strategies and algorithms, this program consistently recognizes those little dollars with mathematical efficiency, every second of every day, for years, until you’re debt-free. It tells you where you can redirect that money, how much to transfer, and when, maximizing the potential of every dollar of you earn.
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