There are many types of life insurance policies, and choosing the one that’s right for you will depend on the ifs in your life and your personal circumstances.
When you’re healthy and working, it’s hard to imagine being disabled by illness or injury. But it can happen. In fact:
What would happen if your paychecks suddenly stopped because you were too sick or injured to work? What if you couldn’t work for months – or years?
You’d still have to pay all your monthly bills, including food, utilities, house and car payments. Add in things like tuition and retirement funding, and it’s easy to see how savings could quickly disappear.
Unfortunately, you can’t rely on other income sources like Social Security to protect you. In many cases, they don’t apply -- or aren’t enough.
Click on the links below for additional information:
Disability Insurance Basics (download)
Disability Income Insurance Overview (download)
Comparing Individual Disability Insurance Policies (download)
Long-Term Care Insurance
Research shows nearly half of all Americans will need long-term care at some point in their lives, and one in five Americans over the age of 50 is at a high risk of needing long-term care in the next 12 months*. Additionally, the cost of long-term care services may be surprising.
That’s why it’s such a good idea to consider long-term care insurance as an integral part of a well-rounded financial plan. It may help protect your hard-earned assets, and provide more control over how and where you receive care should you need it.
Westbrook Financial Services, Inc. can help you better understand your options, how coverage works, and where you can get a policy that best meets your needs and budget. Helping you make an informed choice is our goal.
* "Consumer Information about Long Term Care: A Guide for Families," National Center for Assisted Living, 2003
Click on the links below for additional information:
Five Questions About Long-Term Care (download)
Long-Term Care Insurance Overview (download)
Types of Long-Term Care (download)
Health Insurance Policies (Individual)
Individual health insurance is a type of policy that covers the medical expenses of only one person. Unlike group insurance, you purchase individual insurance directly from an insurance company of through an insurance agent. When you apply for individual insurance, you are evaluated in terms of how much risk you present to the insurance company. This is generally done through a series of medical questions or physical exam. Your risk potential will determine whether you qualify for insurance and how much your insurance will cost. Individual insurance is somewhat more risky for insurer than group insurance, since group insurance allows the insurer to spread over a large number of people. For this reason, individual insurance is generally more difficult to obtain and more costly than group insurance.
Click on the links below for additional information:
Individual Health Insurance Policies (download)
Health Insurance During Transition Periods (download)
Comparing Health Insurance Plans (download)
Health Insurance Links:
