Providing Life, Disability, & Long-Term Care Insurance Solutions To Protect Your Family’s Financial Future
The team at Focus Wealth Strategies know that when we are helping our clients plan their financial future, it is essential to plan for every possibility. This includes possibilities that are less about increasing investment returns and more about protecting the welfare of the client and their loved ones during their most challenging times. By talking with our team of life insurance specialists, you can ensure the people you love and care about will be financially secure when you’re no longer able to care for them.
Life Insurance policies work by having you pay a monthly premium in exchange for the insurance company providing a lump sum payment, also known as a death benefit, to your chosen beneficiaries upon your death. Term Life Insurance products are set for a specific amount of time such as 10 or 20 years. Other options for life insurance include Universal and Whole Life Insurance policies, which provide lifetime coverage. Term Life Insurance policies tend to have lower monthly premiums but only provide coverage for the specified term. Universal and Whole Life Insurance policies tend to have higher monthly premiums but can be used for estate planning and wealth preservation throughout your life.
Disability Insurance can help pay part of your income if you can’t work for an extended period of time due to an illness or injury. If your family counts on your income, disability insurance coverage can help ensure they are taken care of.
Long-Term Care Insurance
Long-Term Care Insurance can help cover the costs of chronic medical conditions, disability, or disorders such as Alzheimer’s and Dementia. These policies can be used to pay for care at your own home, in a nursing home, or an assisted living facility. These policies are based on health at the time of purchase, so planning ahead can help protect your savings and give you more choices for care if you need the services.
Focus Wealth Strategies Insurance Services
The insurance specialists at Focus Wealth Strategies can help you see what insurance is suitable for your situation and preferences. Our insurance services include:
Life Insurance Needs Analysis and Recommendations
Every life insurance discussion begins with a comprehensive needs analysis. At Focus Wealth Strategies, we listen to your concerns and ask the right questions to get a true understanding of your family’s overall needs. We then help you understand those needs to choose the life insurance product that will provide the right coverage. Our life insurance products include term, universal, whole, and variable life insurance.
Disability Insurance Needs Analysis and Recommendations
If your family depends on your income, then the unexpected loss of that income for even a limited period of time can have a devastating impact on the family. Disability insurance is designed to cover that loss of income when you are not able to work because of a disabling accident or injury. Our disability insurance products include both short-term and long-term coverage.
Long-Term Care Insurance Needs Analysis and Recommendations
Long-term care is a unique form of life insurance designed for the living. This type of insurance provides coverage for the cost of long-term care in a nursing home or assisted living facility. Failing to plan for the cost of long-term care can have a significant financial impact on your family in the future. Today, people are living longer than ever before, so the chances of you needing long-term care at some point in the future are also higher than ever before.
The information provided on this page is intended to assist in educating consumers about insurance generally, and not to provide personal service or recommendations. This information may not consider your personal circumstances such as budget, assets, risk tolerance, family situation, or other factors which may affect the type of insurance that would be right for you. In addition, state insurance laws and insurance underwriting rules may affect available coverage and its costs. Guarantees are based on the claims paying ability of the issuing company. If you need more information, or would like personal advice, you should consult an insurance professional licensed for your state. You may also visit your state’s insurance department for more information.
Riders are additional guarantee options that are available to an annuity or life insurance contract holder. While some riders are part of an existing contract, many others may carry additional fees, charges, and restrictions. The policy holder should review their contract carefully before purchasing.