Long Term Care Insurance
Long term care insurance is a great protection option for a worst case scenario. Virtually everyone has a wide range of financial responsibilities, and unfortunately those don’t just go away or go on hold if you’ve had a severe injury or even become disabled as a result of an illness, injury, or accident.
The house payments or rent are still due, you still are responsible for your own retirement funds, and if you want to eat you had better save some for the grocery store. Everyday expenses can be challenging enough to meet as it is, and if you are unfortunate enough to become disabled those will become even more overwhelming.
Don’t Just Trust Your Employer
Many employers offer some type of group long-term disability income policy through their insurance plan, but even so this often isn’t nearly enough for individual employees if the worst case scenario should come to pass.
Whether or not you are covered by an employer plan, you always have the option of getting your own individual long term care insurance policy, often referred to as a DI insurance policy. This will help you make sure you have protection and a steady income to fall back on even if you can no longer work.
Introducing Income Protection
Your income is everything. It’s your ability to save for a happy retirement, it’s your ability to provide for your family and those you love. A good income buys a better life than a poor one – that’s a basic truth of how things are. Don’t let your ability to earn a good income be put into jeopardy. Having a solid DI insurance policy is your way of protecting at least a portion of your income so if the worst happens you still have some ability to provide.
Retirement Protection
Saving for retirement isn’t easy. It takes intelligence, it takes discipline, and it takes a lot of hard work to put in tens of thousands of hours and yet constantly siphon away that income to provide a better future for yourself and maybe even an inheritance for your children.
Protecting that nest egg needs to be a top priority. One of the most common reasons for draining retirement savings is a long-term injury. This is exactly where a good DI policy could help you meet your current financial bills so you don’t have to dip into the retirement savings.
Get a Personal Plan
Your needs aren’t going to be the same as your parents’ needs, your neighbor’s needs, or even a friend’s needs. Your life is your own, and that means what you need for income, savings, and insurance protection are going to differ from others. Talk to our professionals to see what type of flexible options can be created to give you a long term insurance plan that is going to meet every single one of your needs no matter how things change.