Long Term Disability Insurance De Soto MO

My advice to most people is that long term disability in De Soto 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.

Ray Choate - Shelter Insurance
(636) 586-2900
206 S Main
Desoto, MO
Alternate Phone Number
636-586-2900
Services
Home, Auto and Life Insurance

Donald D. Allenbrand (RFC®), CPA
(816) 931-7633
1201 NW Briarcliff Parkway, Sutie 335
Kansas City, MO
Company
Wealth Enhancement Group, Inc.
Qualifications
Education: CPA, CWS
Years of Experience: 32
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuyS

Data Provided by:
Mr. Scott M. Schulze (RFC®)
(816) 285-4600
19201 E Valley View Pkwy Ste D
Independence, MO
Company
Mike Martin Financial Group
Qualifications
Education: Series 6,7,63,65, Life and Health Insurance License.
Years of Experience: 7
Membership
IARFC, MDRT
Services
Invoice, Portfolio Management, Retirement Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Long Term Care Insurance, Asset Protection

Data Provided by:
Carl Goodin
300 Ozark Trail Drive, #215
Ellisville, MO
Company
Title: CFP
Company: Financial Planning Associates, Inc.
Type
Investment Advisor Rep: Yes
Education
University of Missouri, BMED 1973
Webster University, MAFE (Not completed)
College for Financial Planning, CFP 1989
Years Experience
Years Experience: 25
Service
Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,Medicaid,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Individual Income Tax Planning,Medicare Planning,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planni

Data Provided by:
Mike Knehans
3887 Highway EE.
Owensville, MO
Company
Title: Registered Principal
Company: Solomon Financial Strategies
Type
Investment Advisor Rep: Yes
Education
Missouri Valley College/B.S.Economics
Years Experience
Years Experience: 9
Service
Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Estate Tax Planning,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Retirement Planning,Long-Term Health Care Planning,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Fee Only Portfolio Management,Pension for Highly Compensated Owners,Stock Market

Data Provided by:
Blankenship Agency
(573) 431-2222
509 East Main Ste D
Park Hills, MO
Alternate Phone Number
573-431-2222
Services
Health Insurance, Life Insurance, Investments

Kerry Niece CFP
4200 Little Blue Parkway
Independence, MO
Company
Title: President
Company: National Financial Services, Inc
Type
Investment Advisor Rep: Yes
Education
Fort Hays State University
Years Experience
Years Experience: 34
Service
Individual Income Tax Planning,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Planning,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Hourly Financial Planning Engagements,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Plann

Data Provided by:
Mr. Kenneth W. Heise (RFC®), LUTCF
(314) 909-1116
10880 Baur Blvd. Suite 104
St. Louis, MO
Company
Heise Advisory Group
Qualifications
Years of Experience: 21
Membership
IARFC, MDRT
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Seminars Work, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Medical Insurance, Asset Protection, Compensation Plans

Data Provided by:
Andrew Thomasson
13611 Barrett Office Drive
Manchester , MO
Company
Title: Registered Representative
Company: LPL Financial
Type
Investment Advisor Rep: Yes
Education
University of Missouri-St.Louis
Years Experience
Years Experience: 5
Service
Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Hourly Financial Planning Engagements,Pension for Highly Compensated Owners,Stock Market Alternative,Alternative Investments,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,IR

Data Provided by:
Mr. Brian Standage (RFC®), MBA
(417) 887-1272
3046 S. Delaware, Ste H
Springfield, MO
Company
Holmes & Griffeth, Inc.
Qualifications
Years of Experience: 19
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Long Term Care Insurance, BuySell

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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