Protection

Life Insurance

Life insurance can be the foundation of your financial security and can provide comfort and stability for your family. One purpose of life insurance is to help provide your loved ones with financial protection after you die, in exchange for the premiums you pay to your insurer during your lifetime. Some life insurance policies can provide you with financial protection for the short term, while others accumulate cash value, offering a living benefit that can be used for supplemental retirement income, funding for a child’s education, or cash for emergencies.

Traditional life insurance product portfolios can produce attractive IRRs and provide immediate liquidity to the policyowner at the death of the insured(s). A well-constructed life insurance portfolio can help reduce the volatility of a family’s net worth, while providing an important liquidity hedge for wealth transfer strategies that take time to mature, and help to prevent the forced sale of assets that might otherwise be required to fund estate tax liabilities at the death of an insured.

Disability

Long-Term Disability Income Insurance (LTD) helps replace income lost for an extended period when a disability prevents you from working full-time. LTD starts once short-term disability expires, typically after three to six months. A policy can be customized by choosing the elimination period, the benefit period, and optional riders* that work best for each individual’s needs.

Benefits of Long-Term Disability Insurance:

  • Comprehensive benefits that cover accidents and illnesses
  • Rider options (at additional cost) that suit individual circumstances
  • Protection over the course of a career, up to age 65
  • Tax-free benefits if individual coverage is purchased individually (non-group insurance)
  • Protection as long as premiums continue to be paid (non-group insurance)

*Riders are available at additional cost.

Long Term Care Planning

Long term care refers to the help needed on a daily basis for those afflicted with chronic illnesses, disabilities, and/or conditions that last an extended period of time. It can be expensive — and costs are expected to continue to rise. It is important to plan for this care before you might need it. There are several ways to plan for long term care expenses, and our team of advisors can help you determine the right strategy for your budget. A long term care event can have a significant impact on your future assets, and planning for it today may help you ensure that you will receive quality care in the setting of your choice, should you need it.