Life Insurance

Life, Disability, and Long-Term Care Insurance

Life Insurance is a crucial step in planning for your future.  Life insurance can help your family maintain the lifestyle they’ve grown to love and provide longer-lasting financial security. Your family can use it to help pay for funeral expenses, housing costs, medical bills not covered by health insurance, children’s college, debts and just about anything else they may need.

Life insurance can remove many of your financial worries. Life insurance is a promise to your loved ones that they will be taken care of in the event of your death.

What is Life Insurance and How Does it Work?

A life insurance policy works similarly to any other type of insurance policy. You determine how much coverage you need, how long you need it and then you make your payments (called premiums). You typically can choose to pay monthly, annually or quarterly for 10, 20, 30 years or over your lifetime to maintain the coverage. When you pass away, if your policy is still active, the people you’ve listed on your policy (called beneficiaries) will receive the amount listed in the policy.

Different Types of Life Insurance


Term Life Insurance

Typically gives the most bang for your buck with the most affordable premium payments and a comparable payout. As long as premiums are paid, the policy lasts the selected term length (standard options are 10, 15, 20 and 30 years).


Permanent Life Insurance

Gives a guaranteed payout no matter when you pass away, as long as you keep paying your premiums. Plus, funds can often be withdrawn from your policy. These funds are known as the cash value of your life insurance policy.

Disability Insurance Goes to Work When You Can’t

Most people don’t realize the high risk of becoming permanently or temporarily disabled at some point in their lives.
If you were totally disabled and couldn’t work as a result of an illness or injury, do you have the resources today to cover your expenses for weeks, months, or even longer?

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Long Term Care Insurance

Long term care is care that you need if you can no longer perform everyday tasks (activities of daily living) by yourself due to a chronic illness, injury, disability or the aging process. Long term care also includes the supervision you might need due to a severe cognitive impairment (such as Alzheimer’s disease).

This type of care is not intended to cure you. It is chronic care that you might need for the rest of your life. You can receive long term care in your own home, a nursing home or another long term care facility, such as an assisted living facility. People often confuse long term care with disability or short-term medical care.

Long Term Care is Not:

  • Care that you receive in the hospital or your doctor’s office
  • Care you need to get well from a sickness or an injury
  • Short-term rehabilitation from an accident
  • Recuperation from surgery