Below are brief descriptions of life insurance, disability insurance, and long-term care insurance. To determine if any of these types of insurance are in your best interest, we will conduct a personalized, comprehensive financial planning process with you.

Life Insurance: The primary purpose of life insurance is to provide a tax-free, lump sum payment, called a death benefit, to your designated beneficiaries in the event of your death. It helps to replace lost income, cover expenses, pay off debts like mortgages, auto loans, and medical bills, and pay final expenses like funerals. Properly positioned, the benefit from a life insurance policy can provide a steady stream of income for your family. It can also provide liquid capital for your beneficiaries to pay estate taxes and other obligations.

There are many types of life insurance. Term life insurance is less expensive and provides coverage for a limited period of time. Permanent life insurance is more expensive, but lasts your whole lifetime and includes a cash value component that can grow over time, and against which you can borrow or use for living expenses. There are several types of permanent life insurance, and determining which, if any, is most appropriate for you requires a personalized, comprehensive financial planning process.

Disability Insurance: Disability insurance helps to replace income lost due to an illness, injury, or other medical conditions, and allows you to maintain financial stability and continue to save for retirement while your income has been disrupted. The U.S. Social Security Administration reported that a 20-year-old worker has a 25% chance of developing a disability before reaching full retirement age.*

*Social Security Administration (2025). Securing Today and Tomorrow: Disability Benefits. Publication No. 05-10029.

Long-Term Care Insurance: One of the greatest financial and social risks faced by older adults is the need for long-term care. The annual median costs for long-term care in the U.S. in 2024 were $77,792 for a home health aide, $70,800 for an assisted living community, and $127,750 for a private room in a nursing home.*

Long-term care insurance protects your savings from the potentially devastating costs of medical, personal, and social services needed due to a prolonged illness or disability. It helps to pay for care in various settings, including your own home, assisted living facilities, and nursing homes, providing a way for you to get the support you need without depleting your assets.

By transferring the risk of long-term care expenses to an insurance company, long-term care insurance helps to provide financial stability and preserve your estate for the benefit of your heirs, and gives you peace of mind, knowing that you can afford the care you may need later in life.

*CareScout. Annual Median Costs of Long-Term Care: USA – National (2024).

If you think that disability, life or long-term care insurance might benefit you and your family, please submit an inquiry and we will follow up with you to complete the personalized, comprehensive financial planning process.

Let’s see if we are a good fit for working together!