Hybrid/asset based/linked benefit long-term care insurance These three names are often used interchangeably for the same type of long-term care insurance and can confuse people! So what does it mean? With this type of insurance, you are linking one benefit…
Traditional long term care (LTC) insurance policies are built as stand alone, pure risk based insurance. These policies pay benefits when you are in a qualifying long-term care situation and you need help with Activities of Daily Living (ADLs) or…
Long-term care costs rise each year and inevitably will continue to, so it’s important to understand how you can leverage your insurance and use the power of inflation protection. How does inflation protection work?
You may be able to self-fund your care costs, but why would you when you can transfer the risk to the insurance company? Here are 6 main reasons why long-term care insurance is valuable:
Planning for long term care is crucial. There’s not a “one size fits all” solution for each person or family, but a plan should be put in place ahead of time in order to protect your family, income, and assets.…
Long-term care insurance (LTCI) is more than a tax-free stream of income to help pay for care costs. You also get access to professionals – case managers, care coordinators, and claims specialists. Some insurance companies even have a concierge service…
Group life insurance is a great perk for employees of a company, but what happens if you leave or get fired? That’s where portability and conversion come into play. Portability refers to moving or porting your group life insurance policy…
What is disability insurance? Disability insurance provides partial income so you can pay your bills if you get too sick or injured to work. It’s simply income or paycheck protection. Disability happens more often and to more people than you…
What is an independent insurance agent? Independent agents are independent of any one insurance company. Unlike a captive or direct insurance company, who only offers their own proprietary products, we don’t have to try and fit you into the one…
Business Overhead Expense insurance, also known as BOE, is disability insurance that pays monthly payments to cover business expenses so your business can continue to operate smoothly if you become disabled. Who can get BOE?