Strategies for Income Protection
Strategies for income protection and growth assistance around CNY and the Syracuse, NY area.
When we take on a new client, we review each aspect of their financial condition. Our strategies for income protection and growth focus on insurance; disability insurance, life insurance, and adequate liability insurance.
Long-Term Care Coverage
We make sure that this coverage will financially protect you, because the cost of being in a nursing home is expensive, and is increasing.
Liability Insurance
We want you to have liability coverage, that is an umbrella policy that is over and above the limits on your homeowners and car insurance.
Disability Insurance
Statistically, the chance of someone becoming disabled increases with age. If this happens it could not only have a devastating effect on your family economically, but also a devastating effect on your retirement. Our strategies for income protection make sure that all of our clients have adequate disability coverage.
Liability Insurance
In the case of life insurance, we need to prepare for income protection. How will your family be impacted? Together we will consider your family’s financial future so they can have long-term coverage. Ideally a survivor should be able to stay in the house, be able to make good economic decisions, send children to college, and have a retirement. We examine both term and whole life insurance options.
- Term Life Insurance – Insurance that covers you for a certain period of time or term. Term life solves short term needs, for example paying the mortgage.
- Whole Life Insurance – This is a permanent life insurance that will cover you for your entire life.