Disability Insurance - This is the most overlooked and most important protection you can buy. It pays you cash if you become sick or injured and cannot work.

It is estimated that you are five times more likely to become disabled during your career than to die young. If you pay the disability premium, the benefit you receive is tax-free. If your business pays it for you, the benefit is taxed. The benefit you receive can be for several years or up to age 65, depending on your occupation.

If you have an executive or professional position, the coverage could start if you are not able to perform in your occupation, even though you could do other work.



Life Insurance - Term insurance is pure protection with no cash value component. It is available in 10, 15, 20 and 30 year terms. In most cases, the premium stays the same every year.

Permanent insurance, such as Universal Life or Whole Life, is designed to be kept for your lifetime rather than for a set number of years. Permanent insurance, such as a Second-to-Die policy, is often the choice in estate planning, to pay for Federal estate taxes and probate costs that are due at the death of the second spouse.



Key Person Insurance - If you own a business, this coverage is payable to the business to help replace a key person who dies.

Health Insurance - Individual health insurance is available from a small number of insurance companies. If you can qualify for a group medical insurance plan, the coverage and the cost is better. We offer both.

Long Term Care - This covers your expenses if you have a chronic illness or disability that leaves you unable to care for yourself for an extended period of time. With most policies, you can receive the long term care in a nursing home or in your own home.

The U.S. Department of Health and Human Services indicates that people at age 65 face at least a 40 percent risk of entering a nursing home in their lifetime. Since women generally outlive men by several years, they face a 50 percent greater likelihood than men of entering a nursing home after age 65. You choose the daily benefit you want, the deductible and the length of benefit period.

A typical daily cost at a nursing home is $250. You can choose to insure for the entire amount or a portion of it. The deductible is the number of days you are in residence in a nursing home before the benefits begin. This can range from zero to 100 days. Your choices for the benefit period range from one to five years or for an unlimited time.



Estate Planning - This involves a written expression of how you want your assets to be owned, managed and preserved during your lifetime, and how you want these assets transferred to your heirs at your death. We work with your attorney to provide liquidity to pay state and federal estate taxes, probate and other expenses.

With Federal estate taxes starting at 37% and quickly escalating to 55%, a large chunk of your estate can go to Uncle Sam without proper planning.