Long Term Disability Insurance Conway SC

My advice to most people is that long term disability in Conway is the most critical coverage to maintain during your working years. Statistics show that 70% of people will face a disability of three months or more before the age of 65. Since most of us live by our paychecks, disability is really paycheck insurance. A policy can commence typically after a 90 or 180 day waiting period once the disability has started.

Mr. John L. Cote (RFC®), CEP, CSA, MBA
(843) 467-2881
1200 48th Ave N Unit 102
Myrtle Beach, SC
Company
FinancialNsights, Inc.
Qualifications
Education: B.S. Accounting - Clemson University 1975M.B.A. Duke University - 1988
Years of Experience: 12
Membership
IARFC, MDRT, FPA, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Richard L. Leverette (RFC®), LUTCF
(803) 309-3824
PO Box 389
Ballentine, SC
Company
Brokerage Consultants
Qualifications
Years of Experience: 36
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Medicaid Planning, Seminars Work, Employee Benefits, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Roland Stadelmann (RFC®), CSA
(864) 457-2426
PO Box 639
Landrum, SC
Company
Foothills Financial Group, Inc.
Qualifications
Education: BS
Years of Experience: 19
Membership
IARFC, MDRT
Services
Invoice, Estate Planning, Portfolio Management, personal Coach, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Healthcare Accounts, Charitable Foundations, Asset Protection, Compensation Plans

Data Provided by:
Don May
80 LADIES ISLAND DR SUITE F
Beaufort, SC
Company
Company: LPL FINANCIAL
Service
High Yield Bank Accounts,Income for Life/ Preserve Principal,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Hourly Financial Planning Engagements,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,401k Rollover

Data Provided by:
Stephen A. Borklund (RFC®), CFP, CHFC, CLU, CSA, LUTCF
(864) 834-9096
6719 State Park Road
Travelers Rest, SC
Company
Steve Borklund, CLU, Insurance Agency, Inc.
Qualifications
Education: BA
Years of Experience: 41
Membership
IARFC, MDRT, FPA, NAIFA
Services
Invoice, Estate Planning, Retirement Planning, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Auto Home Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Aubrey J. Gore (RFC®), CSA
(843) 650-4044
100 Sutter Drive, Ste. 301
Surfside Beach, SC
Company
Buddy Gore & Associates
Qualifications
Education: BS
Years of Experience: 37
Membership
IARFC
Services
Invoice, Estate Planning, Retirement Planning, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Asset Protection

Data Provided by:
Mr. Terry L. Branstetter (RFC®), CFP, MBA
(843) 766-9124
126 Seven Farms Drive
Daniel Island, SC
Company
Lincoln Financial
Qualifications
Education: BS
Years of Experience: 12
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Retirement Planning, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Healthcare Accounts, Asset Protection, BuySell

Data Provided by:
Donnie L. Campbell (RFC®), RHU
(864) 627-5515
P. O. Box 26147
Greenville, SC
Company
Financial Management Group
Qualifications
Years of Experience: 28
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Employee Benefits, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Aubrey J. Gore (RFC®), CSA
(843) 650-4044
100 Sutter Drive, Ste. 301
Surfside Beach, SC
Company
Buddy Gore & Associates
Qualifications
Education: BS
Years of Experience: 37
Membership
IARFC
Services
Invoice, Estate Planning, Retirement Planning, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Asset Protection

Data Provided by:
Mr. Robert L. Gardner (RFC®), CHFC, CLU, LUTCF
(843) 837-8562
1536 Fording Island Road, Suite 101
Hilton Head Island, SC
Company
Wealth Strategies Group
Qualifications
Education: CLU, ChFC, LUTCF
Years of Experience: 29
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Executive Compensation Planning, personal Coach, Retirement Planning, Seminars Work, Stocks and Bonds, Mutual Funds, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Data Provided by:

Smart Insurance Plans

Q: What sort of insurance is best for a single person? I hear continually about life insurance to take care of your family, but what if you don't have a family?

My advice to most people is that long term disability is the most critical coverage to maintain during your working years. Statistics show that 70% of people will face a disability of three months or more before the age of 65. Since most of us live by our paychecks, disability is really paycheck insurance. A policy can commence typically after a 90 or 180 day waiting period once the disability has started. These choices, along with other policy design features, are selected by the insured at the time of application with assistance from a professional advisor. Although this coverage is not inexpensive, it is valuable to have and can easily pay for itself with a single incident. Assuming the policy is paid with after tax dollars, the benefits the policy provides are also tax free. Finally, one can usually insure about 60% to 70% of one's annual reportable income. Most policies require financial documentation to prove earnings, along with an application and medical exam.

The other important coverage that you should consider depending on your age is long term care. Long term care will provide reimbursement for nursing home, assisted living or professional home care expenses. Many of my clients who have seen these expenses within their own family understand the valuable protection a long term care policy provides, as many of these institutions charge multiple thousands of dollars a month. As a reminder, health insurance does not pay for these services and most government plans will only pay for people who are basically destitute. In many instances there is no medical examination associated with the application when acquiring long term care coverage.

As for your question regarding life insurance, I think if the person has any debt at all, a life policy might make some sense even if you don’t have a family. It would also cover all final expenses including a funeral and burial. In the event of your passing, would you want your estate to have any debt or estate taxes due? Term insurance is a very inexpensive life insurance alternative, but the negative is that it will typically not cover you for more than thirty years. There are a variety of life insurance products to choose from depending on your budget and objectives. Most policies require an application, medical exam and phone interview.

I hope this helps!

 

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