When you hear a discussion about the big three, what do you think of? While I am sure a few sports teams might come to mind, thats not what I referring to. I am talking about the even BIGGER three; Disability Income, Life Insurance, and Long Term Care Insurance! When it comes to income replacement and income protection, these three policies are the cream of the crop and should be in everyones insurance portfolio. I have put a breif description of the three below:
-Disability Income - A product that will supplement your income in the event you have an accident or illness that keeps you from being able to work. Usually has specified waiting periods that you are able to choose upon enrollment into the policy. (e.g: 0/7, 14/14, 30/30, 60/60, 90/90, or 180/180 ... Accident/Illness).
-Life Insurance - A product that pays a sum of money upon the death of the insured or after a set number of years.
-Long Term Care Insurane - A product that helps cover the cost of long term care services beyond a predetermined period.
With new product development, we have carriers that will allow us to combine some of the big three together on one policy. This will give you the opportunity to only go through one round of underwritting for multiple coverages. Give me a call today, and lets discuss adding some of these products to your insurance portfolio.