Life insurance is used for many strategies during a person’s lifetime. Not only is it used to protect families, estates and businesses in case of a premature death, but the build up of cash can also be used for many accumulation and distribution strategies. At David White & Associates, we investigate all the options that are available in order to utilize the tax efficiencies for goal planning, as well as providing the much needed death benefit for protection.
Types of Life Insurance are Term Insurance, Variable Life, Universal Life, Whole Life, Equity Indexed Life and Survivor Life.
Disability Income Protection
David White & Associates provides comprehensive income replacement for individuals and business owners. Some pertinent facts to consider when thinking of the need for disability income insurance . . .
There is a 50% chance of a disability lasting 90 days or longer
during ones working career^.
The average length of a 90-day or longer disability for people
over 55 years of age is 5 years.~
Types of Disability Income Insurance plans are Personal Income Protection, Business Overhead Expense Protection and Disability Buy Out Coverage.
^Health Affairs, The Policy of - Journal of the Health Sphere
~ 1985 Commissioner's Individual Disability Table A
Long Term Care Insurance Provides You with Dignity, Freedom, Choice, Independence and Control
As our population ages, the importance of Long Term Care becomes increasingly apparent. Long Term Care refers to Activities of Daily Living (ADL's) including; bathing, dressing, eating, continence, toileting and transferring.
Many people fail to realize that health insurance does not cover expenses involved in most Long Term Care facilities.
David White & Associates assists in determining how much and what type of Long Term Care insurance one should own. This includes the types of products that are offered through the multiple carriers that our firm represents. We have programs that will help offset the monthly cost of nursing care and in-home health care.
Today we are living almost twice as long as our ancestors did only 100 years ago. Unfortunately, along with that comes the drawback that the longer we live, the more likely we may need long-term care before we die.
For more information on Long Term Care, please contact Kirk Dobson - 925-277-2649