Meant to help provide your family with financial protection after you die, life insurance can mean the difference between leaving your loved ones with confusion and setting them up for long-term success. Some of the particular ways in which life insurance can be applied are through:

• Term Life Insurance
• Permanent Life Insurance
• Whole Life Insurance
• Universal Life Insurance

Whether due to a period of sickness or injury, a sudden interruption of income can be detrimental to you as an employee and simply as an individual. If you don’t receive group long-term disability benefits through your employer, there are options to supplement and protect a larger portion of your income. Together, we’ll discuss how to add a critical layer of security to your financial future.

• There are three kinds of annuities: fixed, variable, and indexed
• Fixed annuities pay a fixed amount either in a one-time, lump-sum payment or on a monthly, quarterly, or annual basis.
• Variable annuities can rise or fall in value depending on the interest rate or underlying investment returns, but any earnings grow tax-deferred.
• Indexed annuities are tied to the performance of an index, such as the S&P 500, and provide you with a return based on that performance, though not to fall beneath a certain minimum.

Long-term care involves the assistance or supervision you may need when you are not able to do some of the basic “activities of daily living” (ADLs) which are, generally, eating, continence, bathing, dressing or moving from a bed to a chair. You might need assistance with ADLs if you suffer from an injury like a broken hip, an illness, a stroke or from advanced age and frailty. Other people may need long-term care because of mental deterioration, called “cognitive impairment” that can be caused by Alzheimer’s Disease, other mental illness or brain disorders.

Long-term care is sometimes called “custodial care” or “personal care.” Formal long-term care (the kind of care you must pay for) is provided by skilled and unskilled workers. Unskilled workers are sometimes supervised by skilled medical personnel such as registered nurses. Informal long-term care is frequently provided by unpaid family members and friends.

Long-term care services can be provided in your own home, in a community program like an Adult Day Care Center, in an assisted living facility licensed as a Residential Care Facility (RCF) or a Residential Care Facility for the Elderly (RCFE) or in a nursing home.

Long-term care is not necessarily “long term.” Some people only need long-term care for a few months, for example, while recovering at home from a broken hip, while others may need care for the rest of their live