Most people purchase auto or homeowners’ insurance to protect their assets against unlikely but potentially devastating financial losses, but they may overlook life and long-term care insurance. Life and long-term care (LTC) insurance policies are essential to your financial and estate planning.
Anyone can acquire a disabling or chronic health condition that makes caring for them challenging. These people may require home-health care or need to enter nursing facilities or daycares. Healthcare services are expensive and can quickly wipe out your life savings if you don’t have LTC insurance.
Although qualified individuals may get financial benefits through public assistance programs, payouts and care options are typically limited. Private LTC insurance allows flexible options and usually covers most or all expenses. Your Rally Point Financial Group advisor will help you select a plan to best meet your needs.
When a policyholder passes away, their beneficiary receives a payout. The beneficiary can use the funds to cover funeral expenses, settle debts, and pay everyday bills. Purchasing life insurance is a way of protecting your survivors from financial strain.
Your Rally Point advisor will review your life and LTC insurance needs during your financial planning and periodically afterward. We will ensure you have adequate, affordable coverage that meets your goals, requirements, and insurable risks.
For questions or to schedule an appointment, contact Rally Point Financial Group in Tallahassee, FL, today. Call (850) 300-7059, submit our contact request form, or email us.