When it comes to talking about life insurance, disability, long-term care, these are delicate, often uncomfortable subjects for many of us. But it’s a conversation that we should all have with our family and loved ones, and it’s an issue that we can make less difficult and complicated. At Evans, Pires & Leonard, our life/disability/annuities and long-term care specialists are well versed in the issue and can carefully guide you along the process of preparation.
In fact, many of our personal insurance customers throughout Connecticut rely on our expertise and experience to determine products that make sense for them today and down the road, depending on their situation.
Life insurance can be an excellent means of financial protection. It’s useful for paying off debts, taxes, and final expenses in the event of your death. It can also be used to provide a death benefit to loved ones to replace the loss of your income; pay off your mortgage or fund your children’s college education; or to provide a substantial nest egg to give your beneficiaries assistance later on in life.
Our Life insurance products provide you with flexibility and control. We offer several types of Life policies, including Term Life, which offers straight insurance coverage for a specific time period. We also can provide you with a policy that has an investment component, such as Whole Life or Universal Life, so that you have the benefit of permanent coverage along with a cash-value feature and borrowing options.
Short- and Long-term Disability insurance is designed to step in to replace part of your income, enabling you to pay expenses and maintain your family’s standard of living. You can choose from a variety of policy features and benefit amounts, the duration of benefits, and when payments will commence after you’ve become ill or injured. You can decide whether you’d like a guaranteed renewable policy, and more.
Annuities are all about making excellent choices now to guarantee an income at a later date.
Our products include variable annuities and guaranteed annuities. It just depends on how much risk you want to assume, how aggressive you want to be with your investments, and what you intend the annuities for.
Protecting your assets from the devastating costs of long-term care is becoming more important as longevity increases. You could face the need for in-home care, institutional care, or a mix of both. Long-term care insurance is designed to assist with such payments for those who are unable to perform basic tasks, such as bathing, getting in and out of bed, dressing, eating, etc. It is not just for the elderly; in fact, about 40% of those receiving long-term care are under age 64. And for people older than 65, more than 60% are expected to require care for a long term at some point. Long-term care insurance can save a family from financial ruin and the suffering and stress that go along with trying to provide care for a disabled family member without assistance.
The experienced, caring professionals at Evans, Pires & Leonard are in the business of keeping you and your family protected when unexpected situations occur. Talk to us about your life, disability, annuity and long-term care needs. We can help navigate you through what’s best for you and your family.