Life insurance is one of the best ways to protect your family
Wondering about life insurance? You aren’t alone. At Stonestreet Financial, Inc. we counsel many individuals just like you who aren’t sure how much life insurance they may need, whether it’s better to purchase term or whole life insurance, and whether they should investigate other options like disability insurance or annuity policies. And it isn’t surprising that people have questions. Modern life insurance is complicated, with countless different options available. In the past decades the industry has transformed and now features diverse programs which can provide security for individuals and their loved ones in the face of life’s uncertainty.
The primary purpose of life insurance is to protect and provide your loved ones in the event of your death. Properly positioned, the benefit from a life insurance policy can provide a steady stream of income for your family and forestalling potential financial disaster. Your life insurance, which can be purchased for temporary periods (Term) or the full extent of your life (Whole), can also provide liquid capital to pay outstanding debts, funeral expenses, estate taxes, or other obligations.
Long Term Care Insurance:
With growing life spans and increasing medical costs, one of the greatest financial risks facing America's elderly is the need for long-term medical care in the event of disability or injury. Long-term care insurance protects you and your family from these potentially devastating
expenses at what could be one of your most physically and financially vulnerable periods.
Disability insurance helps replace income lost due to an accident or illness. One recent survey found that 43% of people aged 40 will suffer a disability of at least 90 days before they reach age 65 (2000 Field Guide by National Underwriter). When your income flow is interrupted, disability insurance can provide an extra layer of protection between your regular expenses and your savings, including retirement accounts and other long term funds that should remain untapped.
Individual Health Insurance:
Rising medical costs mean that even relatively minor medical situations like a slip and fall or infection can result in stunning personal or household expenses. Medical insurance can help lower your overall treatment rates, cover doctor visits and other basic care, and cover a portion of your medical bills if an accident does occur. However, evaluating the fine print and choosing a policy that strikes the right balance between affordability and value can be difficult without an experienced advocate on your side.
Group Health Insurance:
If you are a business owner or manager you know that employees expect health insurance from their employer. We will help you select and coordinate the appropriate group plan and explore additional options such as vision insurance and dental insurance.
With a wide variety of insurance products available, the independent financial professionals at Stonestreet Financial, Inc. are happy to help you choose the right products for your needs and fit those choices into a sustainable overall financial plan. For more information, please call (781) 436-5421, send an email inquiry to firstname.lastname@example.org, or request a fast and free initial consultation online at your earliest convenience.
Is your family financially prepared for life's uncertainties?
Life insurance is one of the easiest ways to protect your family should something happen to one of the households providers. Contact Stonestreet Financial, Inc. today so we can make sure you have the correct amount of coverage needed to prevent a financial burden should some unexpected event happen.