- Servicing Greater Los Angeles Area & All California
Term Life Insurance With Living Benefits:
Term Life Insurance covers the policyholder for a specific amount of time, which is known as the term. The term lengths vary according to what the individual chooses. A Level Term Life insurance typically range from 10 to 30 years and increase in 5-year increments.
Term Life Insurance with Living Benefits: it's a life insurance policy that includes additional level of coverage called "Living Benefits. This plan allows the policy owner to receive cash on his or her own Term life policy in the case of having Chronic Illness or Critical Illness condition:
In condition of Chronic Illness, policy will pay portion of Term Life insurance face amount if the insured, due to illness or injury, is in need of others help to perfume everyday Activities of Daily Living (ADLs) such as eating, dressing, bathing, toileting or continence, transferring and walking.
In condition of Critical Illness, policy will pay portion of Term Life face amount if the insured has been diagnosed with a health condition such as a heart attack, stroke, cancer, ALS, a major organ transplant....
Long-Term Care (LTC) Insurance Coverage:
Individuals who require long-term care are generally not sick in the traditional sense but due to physical illness or injury are unable to perform two of the six Activities of Daily Living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair) and walking.
Long-Term Care insurance is not medical care. Medicare provides limited benefits and would not cover an extended stay in a nursing home. Options to pay for the cost are:
Personal Income Disability Insurance:
Unfortunately, many of us are unprepared for the financial hit that disability can bring. Personal Income Disability Insurance can help you meet expenses and maintain your standard of living if you’re unable to work. It can help you pay bills like your mortgage, car payments, and help cover expenses for food, clothing and utilities. A Personal Income Disability policy will generally replace 60% of your after-tax income, and the benefits will usually be income tax free.
Plan Ahead to Help Protect Yourself and Your Family:
Life Happens! Are You Prepared? How Much Could An Illness Set You Back? Life insurance, Long-Term Care, and Disability Insurance protects you and your family at a time you need it most. Helping you pay for expenses such as mortgage, rent, car, groceries, and covers the gap in health insurance. Please contact us for a free consultation and talk with an insurance agent who can answer your questions and assist you to find the coverage that’s right for you.