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Disability Insurance Policy for The New Year

Disability Insurance Policy for The New Year

Disability Insurance Policy for The New Year! A New Year’s Resolution! Everyone seems to have resolutions at the beginning of the year be it to lose weight or save more money.

We also happen to get a lot of calls from existing clients wanting to either add or change their existing life and disability insurance. Over the course of time, income levels change, parents have additional children, and people make big purchases. These life events will make a big difference in your insurance needs.

Over the last 30 years the standard amount of insurance needed by a family ranges from 8-10 times your income. A lot depends on the amount of debt you have, how many children you have, and if your spouse works outside of the home. Addressing these questions and concerns are where we come in. Based off your needs, we can calculate an appropriate life or Disability Insurance Policy for the New Year.

When your income changes a lot of the time company group plans don’t keep up and don’t provide the amount of coverage you need to survive if you were to suffer an illness of injury that prevented you from working. Having a supplemental disability plan that is tied to your name and not your companies can follow you if you change jobs or are put on leave for an injury. These supplemental policies have become a necessity in this day and age.

So as the new year is upon us, take stock in your current coverage and review any options or enhancements that are available to you. We can help with any question or concerns you might have. Click for a Free Quote or Contact Us free of Charge.

 

2018-01-11T21:35:41+00:00 January 4th, 2018|

Disability Insurance over the age of 60

For many years our clients that were over age 60 were not able to purchase any new or additional disability coverage. Most group or association plans go away at age 65 and with our Physician and Attorney clients wanting to keep disability coverage later in life we can know go to the market place and get the coverage that is needed with several of our carriers (depending on the state of residence).

Please contact us to see if we can help you obtain the coverage you need.

2017-12-27T22:37:44+00:00 December 27th, 2017|

Disability Insurance for Physicians

Disability Insurance for Physicians

We talk about disability insurance for physicians everyday that are concerned with having the proper disability coverage. The market place has changed a lot over the last fifteen years. Not every carrier offers a true own occupation plan. After spending many years in education and training, you need to make sure you have the right disability coverage to suit your needs.

The own occupation plans are designed to protect your specialty in the event of an accident or sickness that would prevent you from performing all the duties of that specialty even if you can perform duties in another occupation. Regardless of your income in the other occupation, a plan that protects your specialty will continue to pay you the full benefits for the entire benefit period.

Contact us for more information.

Or get a Free Quote

 

2018-01-11T21:38:48+00:00 December 19th, 2017|

Life Insurance

If you are considering buying life insurance, you probably have a reason. Something in your life triggered you to think about why you might need a life insurance policy. There are many reasons to buy and if you are doing your research, you are coming to that conclusion.

Does everyone need life insurance? Honestly, no. If you are young, have no debt and no one financially depends on you, then you don’t have a reason to buy life insurance. Do most people need life insurance? Yes.

There are many factors that motivate people to buy life insurance. Let’s look at some of these common life events.

You are pregnant or having another child

Having a family increases your need to own life insurance. Your first instinct is to protect your family and one way is to financially protect your loved ones. Life insurance can offer the financial support for your family if you were to die. Your family’s standard of living doesn’t need to change and your spouse can use the money to take time off from work and even send the children to college.

You are getting married

After you get married is a perfect time to shop for life insurance. You are now sharing your life with “the one.” You share your love, your adventures, and also your debt. If you don’t already own a house, it’s probably on your to-do list along with starting a family. Get your life insurance now, before you are saying that you wished you had bought life insurance when you had more time on your hands.

You are getting divorced

When you get divorced, your world gets turned upside down and your financial situation might change as well. Are you taking on more or less financial obligations? You may need to consider purchasing life insurance. If you already have policy in place, after a divorce is a good time to change beneficiaries and determine if you need to make any changes.

You have had a family member or a friend get a terminal illness or die

A major trigger to buy life insurance is when someone close to you dies or gets diagnosed with a life changing illness. When something like that hits close to home, you think about your family and what you can do to protect them. It’s easy to put off buying life insurance, but it’s harder to deal with not having it when you really needed it.

You are buying a home

Congrats! You are buying a home where you will raising your children (or future kids), either way you will also have a large bill every month to pay. Time to get that life insurance policy in place so that your co-signer, spouse or loved ones won’t have to carry the load of the mortgage if something were to happen to you.

You have increased your financial debt

In a perfect world we would all be debt free. But guess what? Life happens. We buy things, we start businesses, we educate ourselves. Many of these come at a high expense and loans are necessary to help us out. This is why life insurance is so important if you have debt. No one wants to leave their family with a pile of debt while they are grieving the loss of a loved one.

Cover funeral expenses

Funerals are expensive. Buying life insurance is great for providing funds to cover lost income, to pay bills and it can help cover the costs of a funeral and burial.

In Closing

Our goal is to provide the education and resources to help you make the right decision for you and your family. Please contact us to discuss your individual needs.

 

Feel Free to Contact Us with Any Questions:

https://insurance360advisors.com/contact/

More Information on the Different kinds of Life Insurance available to you:

https://insurance360advisors.com/types-of-insurance/

 

 

2018-01-08T21:04:49+00:00 November 28th, 2017|