Life, Health and Long-Term Care Insurance Strategies

Life insurance isn’t for those who have died — it’s for those who are left behind. When shopping for life insurance, consider needs such as replacing income so your family can maintain its standard of living, as well as paying for your funeral and estate costs. A general rule is that you may want to seek coverage between five and seven times your gross annual income. As far as the various types of policies go, they can generally be placed into one of two categories: term and permanent.

A general rule is that you may want to seek coverage between five and seven times your gross annual income.

Term insurance generally provides coverage for a specified period of time and pays out a specified amount of coverage to your beneficiaries only if you die within that time period. In a level premium term policy, you pay the same amount of premium from the first day of the policy until the term ends. A permanent insurance policy, on the other hand, will stay permanently in effect for the rest of your life, as long as premiums continue to be paid.

Health

At age 65 you are eligible for Medicare insurance coverage. Are you aware that Medicare does not pay 100 percent of all medical expenses? Wolf Retirement Navigation LLC provides clients with Medicare Supplemental insurance options with copayments, coinsurance and deductibles to meet your needs and budget. Let us help you navigate your health coverage.

Keep in mind, Medicare and Medicare Supplemental policies do not cover most long-term care expenses, but Wolf Retirement Navigation LLC helps clients find long-term care solutions to reduce the financial impact of excessive long-term care costs.

Please visit Medicare.gov for more education.

Long-Term Care Insurance

“70 percent of those reaching age 65 will need LTC services at some point in their life.” ~ LTC.gov

The benefits of planning for long-term care include:

  • peace of mind
  • maintaining independence at home
  • preserving the quality of life
  • high quality care
  • protecting your hard earned savings for your family and spouse

Wolf Retirement Navigation LLC offers many solutions for long-term care, including long-term care insurance, life insurance with long-term care benefits and annuities with long-term care benefits or riders. Come visit our office today to learn more about the options available to you.

Wolf Retirement Navigation LLC offers the following services, click to learn more:


Schedule a no-obligation “retirement planning stress test” call us today 904-232-8760.

We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.

Phone: (904) 232-8760
Fax: (904) 212-2410
4230 Pablo Professional Court Suite 101 Jacksonville, FL 32224

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*Guarantees provided by insurance products are backed by the claims paying ability of the issuing carrier.

Investment Advisory Services offered through Retirement Wealth Advisors, (RWA) a Registered Investment Advisor. Wolf Retirement Navigation LLC and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

This information is designed to provide general information on the subjects covered. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Wolf Retirement Navigation LLC and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company and are not offered by Retirement Wealth Advisors.