Insurance as a Gift?

by | Nov 30, 2018 | Financial Planning

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Insurance as a Gift?

Insurance as a Gift - Insurance as a Gift?

It’s never easy talking about what will happen to your family if something were to happen to you. And yet, the greatest possible gift you might consider for your family as Christmas approaches is insurance.

Preparing for the unforseen can help your family rest easy and overcome the fear associated with dealing with the death or serious disability of a loved one. Family won’t want to talk about it. Yet planning ahead to take care of the special needs of your family is so very important.

The best plan is to integrate disability, life, and long-lasting care insurance into a comprehensive protective package.

Disability Insurance

People aged 25 to 65 are at a higher threat for disability than death, according to studies. Lifestyles, genetics, random occurrences and a lot more can take place in an immediate and leave individuals handicapped momentarily, or for life. Disability insurance needs to be included as part of an insurance strategy to guarantee appropriate resources should they be required.

Life Insurance

Life insurance is, for many, a tough topic to discuss. It’s grim to consider and easy to ignore. Yet ensuring your loved ones have a solid financial backing to carry them through is important.

Life insurance comes in many forms and can be structured to cover for emergencies or as a broader part of a retirement strategy.

Long-Term Care Insurance

As we age, the chances for injury and limitations on physical capabilities increases. While Medicare may cover some expenditures, the vast majority can be out of pocket… Long Term Care steps in to pay for home care, assisted living, and much more. When you realize that home and nursing care can cost $5,000 to $10,000 (or more) per month, the lack of Long Term Care protection could leave your loved ones destitute if they have to tap into savings for your care.

Investing a little time to understand your options and to give the gift of protection is well worth it when you realize the peace of mind you’ll provide. So please reach out with questions and we’ll help you craft a plan that’s perfect for your unique needs.

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