Insurance & Long Term Care Planning
There are many different types of insurance policies to protect you against different kinds of risks. Listed below are some of the most essential types of asset & income protection and how they can fit into your financial plan:
- Life insurance helps protect your family if you die prematurely. It can also be used for business needs or more complex estate planning strategies.
- Disability insurance helps protect against the loss of income if you’re unable to work. Most workers, especially those in their peak earning years, should consider this important coverage.
- Long-term care policies cover expenses associated with needing help with basic activities like eating, bathing and dressing or care in a nursing home. As you reach your 50s and early 60s, this can be a smart purchase.