WEALTH PROTECTION PRODUCT OVERVIEW
Wealth Protection, commonly referred to as Insurance, is an important financial safety net.
The requirements for type of coverage, amount of coverage and deductible, change throughout life as you move through various circumstances and age ranges of living.
CATEGORIES of COVERAGE
Medical Insurance
Health / Dental / Vision
Medicare Supplement Plans
Accident or Critical Illness
Discretionary cash for medical or
personal expenses.
Disability or Long-Term Care
Income when you cannot work,
become ill, or disabled.
Life Insurance
Personal Coverage
Employee Coverage / Key-Man Coverage
Final Expense Coverage
Final expenses covered without burden
to family or use of inheritance funds.
POLICY TYPES and PRICING OPTIONS
When you use an agent to enroll in insurance products it does not cost you anything – but can help you greatly with claims intervention and policy usage.
Health Insurance continues to provide several options depending on your qualifications. There are many providers and types of policies which fall into three (3) categories:
Individual Major Medical – Non Subsidized
Individual Major Medical – Subsidized
Individual Indemnity Plans
Call, text or email for an appointment today and learn what is available for you, including the cost and coverage of each policy type.
Dental and Vision can be purchased separately from group or individual health insurance, which allows you to keep ongoing coverage when your employment or life circumstances change, avoiding the need to meet new deductibles. Click the link below to find the policy and price that fits your needs and budget.
PROTECTION PRODUCTS
Medicare Supplement Plans are an important financial strategy for retired individuals, as policies typically cover the cost of deductibles from Medicare Parts A & B, as well as other medical expenses not covered by parts A & B.
Accident or Critical Illness Policies are available from multiple carriers, providing various options for deductible and benefits. Call or email to discuss what is best for you.
Disability Coverage gives you the ability to survive without your paycheck. Benefit types include Single Lump Sum Benefit or Repeat Usage with Monthly Income.
During your working years, the ability to earn an income is your most important financial asset. While purchasing life insurance helps protect families from premature death, data from the Society of Actuaries indicates that people in their working years run a greater risk of being disabled for 90 days or more than they do of dying.
"If you can't work, your whole world can fall apart quickly. Most people are only about 90 days away from bankruptcy. Studies have found that medical problems play a role in more than 60% of bankruptcies and half of all foreclosures."
—Matt Tassey, Past Chairman, LIFE Foundation. Leading Causes of Disability WebMD Feature, R. Morgan Griffin
We often fail to realize how easy it is to become disabled. In reality the majority of disabilities are caused by illness rather than accidents.
"People tend to think about disability in terms of catastrophic events, like a terrible car accident that leaves you paralyzed or in a nursing home. Less dramatic and much more common conditions such as arthritis, back pain, heart disease, cancer, depression, diabetes and even pregnancy are some of the leading causes of disability in the U.S."
—Richard Frank, PhD, Deputy Assistant Secretary for Disability, Aging and Long-Term Care Policy at the U.S. Department of Health and Human Services in Washington, D.C., WebMD Feature, R. Morgan Griffin.
Long-Term Care – Services and Support for Personal Care
Long-term care is a range of services and supports you may need to meet your personal care needs. Typically long-term care is less about medical care and more about the basic personal tasks of everyday life, or "Activities of Daily Living," (ADL's) such as:
Bathing
Dressing
Using the Toilet
Transferring to or from Bed or Chair
Caring for Incontinence
Feeding Yourself
Additional Long-Term Care services and supports are assistance with everyday tasks, also known as "Instrumental Activities of Daily Living," (IADL's) such as:
Housework
Money Management
Preparing or Cleaning Up After a Meal
Shopping for Groceries or Clothes
Using the Telephone or other Communication Devices
Caring for Pets
Responding to Emergency Alerts such as Fire Alarms
Who needs Long-Term care?
Statistics show that 70% of people turning age 65 can expect to use some form of LTC during their lives.
How much Long-Term care will I need?
It will vary per person, but the average stats are that:
Women need care an average of 3.7 years
Men need care an average of 2.2 years
One-third of today's 65-year-olds may never need long-term support, but 20% will need it for longer than 5 years.
