Life, Disability, and Long-Term Care Insurance
Life, Disability, & Long-Term Care Insurance in Utah
Life insurance can protect you and your family when faced with a tragedy. It is a smart addition to any financial plan because it safeguards your family from economic loss during these difficult times. At Think Preferred of Utah, we’ll help you find the best policy for your needs and budget. With the help of an insurance agent from our Sandy, UT location, you can have peace of mind knowing your family is protected.
There are two basic types of life insurance policies, term insurance and cash value insurance. Term insurance covers you for the amount of time you purchased it for. If does not build up cash values for use in the future, but it does pay a death benefit during the term covered. It is renewable and offers a large amount of insurance protection. Cash value insurance has higher premiums initially, however, it builds up a cash value that may be used in a variety of ways. There are multiple types of this insurance including whole life and universal life.
Life and Disability Insurance
The death or disability of a bread winner changes everything. I experienced that myself with the loss of my own father when I was a teenager. For pennies on the dollar you can keep your family protected before the unthinkable happens. According to National Safety Council 90% of disabling accidents and illnesses that are not work related 1 , and 30% percentage of 20-year-olds will become disabled for 90 days or longer before reaching retirement age 2 . Since only 38% of all applications from disabled workers are approved for Social Security benefits 3 , it makes sense protect your income in the event you are disabled. Think Preferred represents several top-rated life and disability companies to keep your family financially secure. They’ll thank you for keeping their future in mind and for your thoughtful planning.
1. National Safety Council Injury Facts, 2008
2. Social Security Administration, Fact Sheet 2007
3. Social Security Administration, Statistical Tables, 2008
Long Term Care
This isn’t your parent’s long-term care! Most seniors are concerned about two things regarding their later years: they don’t want to outlive their money and they don’t want to go into a nursing facility to receive the healthcare they need. The professionals at Think Preferred can help with both these concerns with an affordable long-term care policy. Without a policy, the cost of long-term care can easily deplete a persons’ life savings in a very short time, and the government requires you use virtually all your saving and sell your assets before you can receive assistance from Medicare. But a long-term care policy from one of our financially sound companies can preserve your estate and you can choose to receive needed care at home! Call us at 801-676-7101 to receive a free copy of the tax benefits of having a long-term care policy with Think Preferred.
When you think about the well-being of your family for life, disability, and long-term care, Think Preferred and call us at 801-676-7101. It could be the smartest call you make this year!