A sound financial plan must address the insurance coverage that you, your spouse and family members may require.

It is important to consider the following while making a decision on insurance coverage:

• Life insurance is used to pay for funeral expenses, repay outstanding debts, make charitable donations and provide living expenses for surviving family members. It can also be used to cover state taxes and probate fees to enable your estate to be liquidated in the most appropriate manner.
   
• Disability income insurance is to help partially replace income of persons who are unable to work because of sickness or an accident. In terms of its financial effect on the family, long-term disability can be just as severe as death. Disability income protection can come from several sources: social insurance programs, employer provided benefits and individually purchased policies.
   
• Long Term Care insurance is a relatively new type of insurance product. Many people do not understand what Long Term Care insurance policies cover, how and when the policies benefit and who should obtain coverage.

We can help in finding out what type of coverage may be appropriate for you and your family and then work to find the best plan.

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