Life Insurance is needed for a variety of reasons. You may need to provide for final expenses, such as funeral expenses, estate taxes or pay-off debt you incurred during your lifetime. Life Insurance can also be used in estate planning to avoid probate taxes. Benefits are generally tax free. For more information, visit Insurance Information Institute.
Disability Insurance replaces lost income in the event you are disabled from sickness or an accident. Almost 1/3rd of Americans entering the work force today will become disabled before they retire. This coverage pays even if you are not covered by Worker’s Compensation.
Long Term Care pays during your stay in a long term care facility, assisted living facility or even when receiving care in your home. Many optional coverages are available to custom-build a plan for you.