Insurance Planning

As much as we try to prepare for them, tragic events like death, disability, or critical illness sometimes strike. When suddenly faced with such a situation, insurance can protect policyholders and their families from undue hardship. For this reason, a variety of insurance coverage is essential to any comprehensive financial plan.

Insurance planning can be better utilized when tailored to fit its owner’s personal situation. Whether designed for a single person or family, professional or seasonal employees, or executive or small business owner, everyone can benefit from an appropriately customized plan. We are here to help find the best policies to fit your life so you and your loved ones are protected.

Fast Facts About Different Types of Life Insurance

​Life insurance is more than insurance planning for the security of one’s loved ones; it can be a cornerstone in any multi-generational financial strategy. Life insurance can provide financial resources in a number of concrete ways, from immediate expenses such as hospital bills to income replacement and assistance in settling outstanding debts. It can also help with estate planning and charitable contributions. Furthermore, some forms of life insurance enjoy tax advantages, and therefore can be an ideal addition to any financial plan. In the event of death, life insurance offers surviving family members increased financial resources. As a tax-free lump sum payment, the so-called ‘death benefit’ can pay for final expenses and debts, as well as provide income for the deceased’s dependents.

There are two main ways to organize life insurance policies: term insurance and permanent insurance.

Long-Term Care and Disability Insurance

Help guard against the impacts of an unexpected event through long-term care, disability and critical illness insurance. 

Critical Illness Insurance

Suffering a critical illness is a distressing event. It can happen when you least expect it. Help ease the burden through a type of insurance that will reduce financial stresses. Critical Illness Insurance, also known as Catastrophic Illness Insurance, is a type of insurance that is in addition to an existing health insurance policy. It will help to pay for the additional expenses often associated with a critical illness or condition. This insurance offers individuals, families, and if applicable, businesses added financial resources—so the focus remains on recovery.

Health and Dental Insurance

A growing number of Americans – at least 15% of the population – don’t have any health insurance coverage. Without health insurance, a single incident can cause serious financial hardship.
Some, but not all, employed individuals are covered under an employer’s group benefits plan. For those people not covered, a health plan can help cover out-of-pocket medical expenses. Health plans can provide various levels of enhanced healthcare protection, depending on the needs and stage of life of the purchaser.