Life Insurance & Long-Term Care Planning

Protecting your family and lifestyle go hand-in-hand with an effective estate plan like toast with jam on it.

Life Insurance *

Life insurance creates an instant estate and is an essential asset you can control as long as you wish, but you have to qualify for it.

There simply is no less expensive way to replace lost income or gifted assets. This is not just death insurance. There are many living benefits. Consider life insurance to be it's own asset class in your portfolio. It is an asset that you control, and it can increase your wealth substantially. It should be a part of everyone's portfolio, whether as term, whole life, or universal life. Which one is right for you? We can help you decide.

Long-Term Care and Critical Illness *

Have you known anyone close to you who has experienced a need for care at home or in a facility? What was that like? Click here to read some critical questions everyone needs to answer.

People who end up needing care want to receive the highest quality of care in the most dignified manner, and the choice of where to receive it without being a burden on their children. Most care that people receive today is paid, unfortunately, out of pocket ... either their own or their kids. Click here to learn some of the many ways to receive and pay for care.

If you don’t have a family history with a need for care, then you may want to assume the risk. Those who decide to self-insure and later need care may end up depleting their portfolios by a few hundred thousands dollars ... and possibly much more.

Click here to see how much the cost of care might require from your portfolio.

Do you have a family plan to deal with such matters? If not, click here for some ideas on how you can develop a plan that suits you, your family and finances.

PlanPrep has compiled some resources to help make this daunting task more manageable. Click here.


Estate Planning

Who would manage your money and make health care decisions for you if you could not do so for yourself? What about the difficult decision about life support? Who would you trust with that decision, and under what circumstances? You see, if you don't have it in writing and in the right hands, it isn't going to happen the way you think. Things can get ugly, costly, and last longer than your heirs would care to imagine.

A well crafted estate plan also can minimize transition costs and reduce the painstaking, time consuming process of transferring assets. Estate taxes may be a concern if your estate is high enough. Most people don't have to worry about that issue. However, there are some states where taxes may be due and the probate costs and delays may be significant, as in California.

You can also protect your young children, create a foundation, enlist your children to participate in your charitable inclinations (a great incentive to have access to your wealth, don’t you think?), or manage assets for a special needs child of any age.

We are not attorneys, but we can help you understand the potential impact of your current situation by showing you what your potential estate settlement costs may be today, as well as 10 and 20 years from now.  We will work with you, your tax advisor and attorney in the process of developing your overall plan.

* We do not charge a fee for insurance advice or reviews, but we may be compensated by an insurance company through a commission if you place your coverage through us.