Health Insurance protects your financial assets that otherwise would be depleted by serious medical conditions.  There are several types of plans available from the very low out-of-pocket expense HMO style plans, to mid-range out-of-pocket expense PPO style plans, to high deductible HSA and PPO plans. The cost of each plan depends on the level of benefit you wish to purchase.

These are part of the New Consumer Driven Healthcare market. Health Savings Accounts are tied to a High Deductible plan. They allow you to pay for medical expenses with pre tax dollars and tap into the carriers contracted rates with its providers.  If properly set up and properly funded, an HSA can provide 100% tax-free medical coverage.

When a business owner dies, his interest in the business is passed on to his spouse or heirs and they become owners in the business regardless of their ability to perform the job responsibilities.  A Buy-Sell Plan allows companies to continue business operations at the death of an owner by providing funds to the remaining partners or predetermined successor for the purpose of buying out the deceased owner’s interest from his heirs.  These plans are usually funded through life insurance and must be set up in advance of an owner’s death.  This type of plan is applicable to almost all types of businesses i.e. sole proprietors, partnerships, and many corporations.  

These plans are purchased to protect a person’s assets from being spent down in the event that they could no longer take care of themselves and need assistance.  They cover a variety of services and are not limited to nursing home benefits but can include home health care, hospice, and other services that allow the claimant to maintain the most freedom and autonomy as possible.

These are purchased to pick up the costs that Medicare Parts A and B does not pay for. Part A is automatic at age 65. You have 6 months to elect Part B of Medicare with out any medical underwriting. The 6-month election period begins when you turn 65 or when you are no longer working after age 65.

The most common use of life insurance is to protect your family in the event of your untimely death. Life insurance provides a death benefit for surviving family members that allows them to maintain their lifestyle and allows time for the family to replace the income generated by the deceased wage earner.  The death benefit can be tax free if set up correctly.  Life insurance can also be used to protect an estate from high estate taxes and inheritance taxes that can otherwise destroy your ability to pass on to your heirs what you have worked your entire life to achieve.  There are several types of life insurance that can be used depending on your specific situation.  Term insurance has a specific benefit period after which the death benefit goes away if you live past that period.  Permanent insurance does not have a time period associated with it and builds cash value as time passes that you can have access to during your lifetime should the need arise. 

This is to protect your family in the event you became temporarily or permanently disabled. This will provide a monthly income to you, the amount of which is based on your pre-disability income.  If set up correctly the benefit can be tax free.

We provide free consultation and help you plan for retirement. Taking into account your individual goals and financial resources, we will help you determine how much you need to be saving today and in what type of financial vehicle it should be saved. Our purpose in this area is to help you achieve your goals.

Annuities are versatile financial tools that can be used to protect your money, to help grow your money, and to ensure a lifelong income stream.  They are more often used as a person approaches retirement or is in retirement.