I have the unique ability to have a deeper understanding of our risk management solutions in the industry for my clients at various levels of their insurance needs. This is because of my vast professional working experience of almost 20 years in the insurance industry. I first worked as a captive agent for almost 10 years with the likes of Allstate, Farmers Ins., and the Automobile Club of Southern California. Afterward, I decided to become an independent agent to work for the clients to find the best coverage for the most affordable premium rather than working for insurance companies to find the best clients to fit their coverage and their premiums.
My goal has always been to help meet the needs of my clients by providing them with individualized and customized protection plans with affordable premiums using the latest and advanced technologies to leverage available products and offer solutions to make a significant impact in their lives and business operations.
Life insurance is a contract between an insurer and a policyholder. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured policyholder dies, in exchange for the premiums paid by the policyholder during their lifetime.
A life insurance policy can has two main components - a death benefit and a premium. Term life insurance has these two components, but permanent or whole life insurance policies also have a cash value component.
With the traditional long term care insurance you pay your premium, and if you need long-term care due to age or illness, the policy pays out a daily or monthly benefit. Some people think that if they die without needing long-term care, they feel they’ve “wasted” the premiums. But there is more than one type of Long Term Care Insurance
With a hybrid plan you can withdraw funds from the policy for long-term care, and the insurance company pays for care when those funds run out. And, if die without having needed expensive long-term care, your heirs receive a death benefit.
Another consideration is that the benefits are guaranteed. If you pay your premiums (usually for 10 years or less), you will have a contractually guaranteed death benefit, guaranteed cash value and a guaranteed amount of long-term care coverage.
Although hybrid policies provide you the ability to elect your long term care insurance benefits at the outset, monthly benefit, benefit period, and inflation protection they are not as flexible as traditional plans.
Some hybrid linked benefit insurance policies are funded with a one-time single premium up-front such as $50,000 or $100,000. Others are paid over short periods of time, which can make them very costly.
Plus, the premiums you pay for hybrid policies are not potentially tax-deductible, because hybrid policies are not considered tax-qualified policies.
With a traditional stand-alone policy, which can be custom-tailored to suit your needs, you elect your benefits at the start
Your premium is guaranteed renewable. Premiums are typically paid on a monthly, quarterly, semi-annual or annual basis. As long as you pay your premium, you will have coverage in-force.
Most importantly because traditional policies are able to be customized. You are able to design the policies to account not only for your current needs but also to account for future inflation.
Give us a call and let’s discuss if it’s worth it for you to consider a hybrid insurance policy or if a traditional long term insurance policy makes more sense.
RetireCo has access to over 30 carriers to compare and get you the best coverage at the best price. Explore bundling with one carrier versus mixing home and auto with multiple carriers. Why shop with only one carrier when a RetireCo broker can compare and save for you.
Commercial Property and Casualty Insurance includes policies that are designed to protect businesses from a wide range of accidents, threats and losses regarding belongings and environments. Specifically, the business property insurance portion of these types of policies helps cover buildings and property you own, such as offices, and equipment or tools that your company needs to perform essential functions.
The casualty insurance portion of these policies helps protect your company from liability when accidents happen, like if a customer is injured by one of your products or services. Examples of casualty coverages include:
Commercial property and casualty insurance is key for ensuring your business’ success both now and in the future. From mitigating costs during a major storm to protecting your reputation during a lawsuit, property and casualty insurance is a category of insurance policies that can cover a wide range of risks.
Failing to invest in property and casualty insurance is a significant risk for you, your business and your employees. Life is unpredictable, and you can never know when accidents, injuries or other negative events might affect your business.
Having the right property and casualty insurance policies for your business can help prevent financial losses during unexpected events. In addition to covering broken or stolen property, this type of insurance can help your company stay in business when a disaster happens.
Property and casualty insurance policies often come in bundles, such as a Businessowners Policy (BOP) that combines several types of insurance for your business (general liability, property and crime for example). This will help ensure you’re fully covered across all fronts.
Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. For example, the worker may suffer from an inability to maintain composure in the case of psychological disorders or an injury, illness or condition that causes physical impairment or incapacity to work. It encompasses paid sick leave, short-term disability benefits, and long-term disability benefits.
Statistics show that in the US a disabling accident occurs, on average, once every second. In fact, nearly 18.5% of Americans are currently living with a disability, and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement.
With our unmatched carrier access we can find the right protection for you and your family, to make sure you have piece of mind.
When you’re looking for health insurance, it’s a good idea to take a look at all the angles. You want coverage that works with your lifestyle, helps you get the best care possible and fits with your financial picture. We can shop from many carriers to find you that coverage With a wide range of plans and an incredibly diverse network of doctors, clinics and hospitals across the nation, you’ll be able to choose what works best for you. No matter what your situation or what type of health insurance you are looking for we can help.