Life Insurance and Living Benefits
Who NEEDS Life insurance?
Young married couples, business owners and anyone needing temporary protection have always been purchasers of Term Life Insurance. It may be needed to provide capital for survivor income or pay off debt. In both cases it is purchased on the basis of Need. Small policies are offered on television to provide for burial and final expenses. Whatever the reason the proceeds are TAX FREE.
For debt repayment purposes, sometimes called creditor insurance, corporations particularly must be careful to structure the ownership carefully for the maximum tax benefits.
Who WANTS Life Insurance?
Life Insurance is generally regarded by the major accounting firms as the last great tax shelter. It offers tremendous opportunities for tax saving, security in estate planning and guaranteed income strategies.
As a tax tool, it is not suitable (or available) for everyone. We are happy to review opportunities with you and work with your accountant to insure that your best interests are being served by any strategy.
What are Living Benefits?
We frequently talk about Life insurance, but what happens if you develop a health issue and live?
A couple of the most frequent situations are, heart attack or cancer. 2 immediate problems are presented. Loss of income from not working and cash expenditures as a result of the illness. Expenditures may take many forms, but a common expense relates to family member travel and accommodation with the sick person. Another possibility is travel and related expense for a 2nd opinion.
The solution is a Risk Management Plan. No one wants to be insurance poor, but no one wants to be left destitute as a result of an illness. A complete review of your situation and your options will allow you to dev lop an appropriate plan for yourself with the assistance of a qualified Advisor.
Product Solutions Available are
Disability Insurance Plans
Critical Illness Plans
Long-Term Care Plans
Out of Country Travel Insurance Plans
We work with clients and several insurance carriers to match the correct plan to the correct client, offfering the best healthstyle. Offers to insure will vary from carrier to carrier based on health information
Employee Benefits Plans
EmployeeBenefit Plans are discussed in more detail under the Business Section
