There’s a good chance you may have already purchased a life insurance policy for yourself in order to protect your family. But life insurance can be used for so much more.
Whole life insurance – did you know that whole life insurance also includes a cash value component? Advantages include:
There are also riders available for your policy that can be added for Living Benefits, Disability Waiver of Premium, Income Protection Options, and more.
Term life insurance – A term policy is written for a specific duration, usually between 10 and 30 years, and has no cash value. Term life insurance typically costs less than Whole Life for a given amount of coverage. However, once the term is over, there is nothing to leave for your family. But it can be converted with a rider established at the time of coverage. You can convert your Term policy to a Whole Life policy without needing a medical exam.
70% of people over the age of 65 will need long term care services in their lifetime.
If your parents are under 75 and are relatively active and healthy, they may be eligible to purchase Long Term Care (LTC) Insurance for themselves. LTC insurance covers expenses for amazing home caregivers and nursing homes. It provides coverage associated with daily living activities such as eating, bathing, dressing, and other needs. It may also be used for chronic illness or injuries that require extended rehab.
LTC insurance is something that both you AND your parents should have.
Are your parents worried about outliving their retirement savings? Are you? Are you stressing out about how to afford college for your kids on top of everything else?
Annuities can help you secure a tax deferred, guaranteed income.
Annuities with Long Term Care (LTC) riders can also solve the problem of you and your parents not being able to qualify for or afford traditional LTC policies or offset high LTC costs.
If you have younger kids, the accumulated cash value of an annuity can help offset the cost of college.
Annuities can help you to build your nest egg, save for your children’s educational expenses, and save for your retirement and beyond.As a member of the Sandwich Generation, you are pulling double duty having to take care of your aging parents, your children, and yourself. It’s easy enough to feel overwhelmed. There is a lot to think about. Let me help you “think out loud.” By asking questions about your financial goals, fears, and frustrations, I can learn about your needs and figure out how I can help.
Reach out to me and let’s set up a time to chat. Let me know what your worries are, and I’ll see how I can help. I promise no sales pitches, just a friendly ear to listen and an empathetic heart to guide.I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
