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What is Long Term Care? |
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Mortgage Insurance: A Must Have for Financial Freedom |
Simply put, it is the
Continuum of Care, Housing, and Services provided to (generally) our Family
members because they live a long life.
(see chart below) It’s not a question
of whether you, your parents, or your children will live a long life, rather
it is a question of what kind of care will you need because you live a long
life?The next question is, who will take care of you/us/them? It begs the question, not IF family will take care of you, but WHAT will it do to your family? What will it do to finances, both yours and theirs?
Long term Care Insurance solves many problems at the cost of pennies on the dollar, of services provided. Primarily, however, “It allows people to continue to do good things for their families!”
The Financial Services staff at Brownell Insurance, can provide you and your family an analysis of a family’s exposure to Long Term Care costs...and a Plan to minimize it through judicious use of government endorsed insurance.
Brownell Insurance is excited to be able to expand what we have to offer to our clients, into Financial Services. Congratulations go out to Philip B. McDonough, CTLTC, LUTCF, on his becoming certified as a Long Term Care Specialist!
Call us here at (603) 437-1992 for more information about
Long Term Care Insurance.
You worked
hard to purchase your home. With interest rates low, it has become easier
for many American’s to achieve the American Dream, and purchase a home of
their own. Unfortunately, this dream can become a nightmare if you
experience a sudden loss of income, due to an accident or illness. If you’re like most people, your mortgage payment is your largest monthly expense. Imagine a sudden death or illness. How will you pay that mortgage?
Savings? - How long could you survive on your personal savings considering that the average disability lasts 2.5 years?
Social Security? - To qualify, your disability must be expected to last at least 12 months or end in death, in addition to other requirements.
Spouse’s Income? - Can you maintain your current living standard on one income?
Most group disability plans cover only 50% to 60% of an employee’s base pay. Incentive compensation, such as bonuses and commissions, are typically not covered. And, if your employer is paying for the coverage, the benefits are generally taxable to you. Could you survive on half your income or less?
The good news! You can help protect your home with an individual disability income insurance policy. Brownell Insurance is happy to announce the addition of Alan Brown, of MetLife Financial Services, who will be helping our clients with their Mortgage Term and Disability Insurance.
Call us here at (603) 437-1992 for more information about Mortgage or Disability Insurance.
| Age Now | Lifespan to Age | Age Now | Lifespan to Age | Age Now | Lifespan to Age | Age Now | Lifespan to Age |
| 5 | 81.6 | 45 | 82.7 | 65 | 85.0 | 85 | 91.9 |
| 10 | 81.7 | 55 | 83.6 | 70 | 86.0 | 90 | 95.0 |
| 18 | 81.9 | 60 | 84.2 | 75 | 87.5 | 95 | 98.7 |
| 25 | 82.0 | 62 | 84.5 | 80 | 89.5 | 100 | 102.7 |
