The Planning Process: Insurance Analysis

A big part of keeping your dream alive is making plans to protect the financial situation of your loved ones, particularly your dependents. We believe that sound planning begins by building a strong base of strategies designed to protect your financial security. We have access to a full spectrum of insurance products designed to help you manage the risks of premature death, disability and long-term care. We can provide guidance in choosing the type of coverage that is right for you and your family. In CA, insurance offered through Lincoln Financial and Insurance Service Corp. and other fine companies. In other states, insurance offered through Lincoln affiliates and other fine companies.

Life insurance
Disability income insurance
Long term care insurance

Life insurance is often purchased to replace income that potentially can be lost with the death of a wage earner. Life insurance policies work from the same basic idea - they help protect the financial security of your family in the event of your untimely death. You pay the insurer "premiums" and the insurer promises to pay your beneficiaries a death benefit when you die. At that time, your beneficiaries receive the death benefit in effect at the time of your death. This life insurance benefit is income tax-free.

One thing is true for all types of life insurance - the younger you are and the healthier you are when you purchase life insurance, the less it will cost. You should consider your life insurance needs when major events occur in your life such as marriage, the birth of your children or a business startup.

Disability income insurance provides supplemental income to an individual whose earnings have been impacted due to an accident or illness. If you're an individual employee, disability insurance may help replace part of your income until you get back on the job. If you're a business owner, coverage may help pay day-to-day operating expenses if you're unable to work. It also is designed to help provide funds to purchase a disabled partner's share of a business through a buy-out agreement or compensates for profits lost and expenses incurred if replacing a disabled key individual.

Long term care insurance is designed to offer protection against the potentially high costs of long term health care while helping to preserve your assets.

Decisions about long term health care are seldom easy. You'll need to consider several basic factors in making your choices for long term coverage. Your eligibility and long term care rates are based on your age, sex, health type and amount of coverage selected. Long term care insurance can be secured as a stand-alone policy or as a living benefit to a life insurance policy.

Whatever your insurance needs, your Mohr Group advisors can assist you in determing and securing the proper coverage for you and your family.