Life Insurance

The loss of a loved one or business partner is difficult emotionally and financially.  Life insurance is designed to help insure the financial risk in the event of premature death.  In many financial plans, life insurance can be an important and useful tool for families and businesses.  However, trying to select the right type of policy to meet your financial objective and choosing which insurance company will provide you with the best offer can be complex.

   

As independent advisors, we represent dozens of major insurance carriers. We evaluate each client’s individual needs and try to determine which insurance company will have the most favorable response to your health history, occupation, hazardous activities and family history before selecting a company to submit an application for medical underwriting. 

3 generations of the Miller Family

Our goal is to help you obtain the most favorable rates along with the coverage that best meets your needs. Whether you have a family to protect, a business buy/sell agreement to fund or the need to provide liquidity to an estate, we offer a wide range of policy types to select from such as term, universal life, variable life, whole life and second-to-die life insurance.

This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent. 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.

Long Term Care Insurance (LTC)

After working hard to build a strong financial future, what steps have you taken to guard your wealth against the cost of long term care? Will your spouse be left impoverished after paying for your long term care costs? What about your family and the care giving they may need to give with little or no respite?  Unless you have a policy that provides for paid, professional care, even the most good-hearted children may find it difficult to manage long-term assistance to the degree most disabled parents require – leaving families to make very difficult and often-times unpleasant choices. 

 

According to the U.S. Department of Health and Human Services, 70% of people reaching age 65 can expect to use some form of Long Term Care during their lives.¹ When taking this statistic into consideration, the rising cost of care nationwide, and the detriment of being without coverage, LTC insurance can be an essential part of protection built into your financial plan. 

Our CLTC designated advisor, Jesse Landis, sits down with John and Lori Landis, owners of Landyshade Mulch Products, to discuss ways to protect their wealth through purchasing a Long Term Care policy.

Our licensed advisors represent many of the industry’s major insurance carriers with plans that cover nursing home care, assisted living, adult daycare, as well as in-home care.  These policies can cover the cost to assist you with activities of daily living: bathing, continence, dressing, eating, toileting, and transferring.  In addition, some policies may include coverage for personal care items like using a telephone, preparing meals, laundry, housekeeping, and managing medications. Help with activities of daily living are expenditures ONLY covered by Long Term Care Insurance.

¹Who Needs Care? Retrieved June 23, 2016, from http://longtermcare.gov/the-basics/who-needs-care/ 

This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent. 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.

Disability Insurance

How will your family be supported if you are the victim of an accident or develop an illness that causes you to lose your ability to earn an income? If you have a family to support and bills you are responsible to pay, you will need a way to replace your income in order to maintain your current standard of living. 

 

Imagine for a moment what your life would be like for you and your family without your income…not for a week or a month, but perhaps years.  More than one in five workers will be disabled for five or more years during their working careers¹.  The right Disability Insurance can be an important strategy in protecting your income. 

 

When determining your disability insurance needs, our advisors at Landis Financial Advisors, Inc., will begin by first looking at your current income, existing assets and living expenses. Then we develop a plan to protect your income in the event of partial or total disability. Our experienced advisors will review and advise if you should consider coverage options such as: 

o   Cost of living riders 

o   Waiting periods 

o   Partial vs. total disability 

o   Provisions to cover your own occupation 

o   Future purchase riders for purchasing additional coverage without medical underwriting

o   Other policy features of interest to you  

 

After we fully assess your financial status and determine which benefits and policy provisions are important to you, we can help you select a disability insurance plan that will protect your income.  

 

¹Commissions Disability Income Tables A and C, assuming equal weights by gender and occupation class.

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Securities and Advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: PA, NY, NJ, MD, DE, OH, VA, FL, NC, TN, TX, KY, ME, CA, IL, MI.

 

© 2017 Landis Financial Advisors, Inc.