Long Term Disability Insurance Henderson NV

My advice to most people is that long term disability in Henderson 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. Ronald C. Rollo (RFC®), CLU
(702) 382-4961
2505 Anthem Village Dr.
Henderson, NV
Company
Rollo, Hodgman & Associates
Qualifications
Education: S
Years of Experience: 47
Membership
IARFC
Services
Invoice, Estate Planning, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, BuySell

Data Provided by:
American National Insurance Company-Staci Robinson
(702) 643-7783
1510 W Horizon Ridge Pkwy
Henderson, NV
 
Insurance Services of Green Valley, Inc.-Randy Pazik
(702) 435-8610
305 N Pecos Rd Ste C
Henderson, NV
 
New York Life Insurance Company-Mark Forsstrom
(702) 796-2008
2431 W Horizon Ridge Pkwy Ste 100
Henderson, NV
 
MetLife-Shena Orellana
(702) 731-0257
6795 Edmond St Ste 110
Las Vegas, NV
 
Corey Zimet
10620 So. Highlands Pkwy
LAs Vegas, NV
Company
Company: CBZ Retirement Solutions,LLC
Service
Asset Protection Strategies & Planning,Individual Income Tax Planning,High Yield Bank Accounts,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Business Income Tax Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Annuities,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Pla

Data Provided by:
John A Cerio Insurance Broker
(702) 682-5534
53 Pheasant Ridge Dr
Henderson, NV
 
Joann S Zwagerman, Professional Corp
(702) 306-7500
PO Box 531482
Henderson, NV
 
American Family Insurance-Jack Walton
(702) 733-5820
6775 Edmond St Ste 300
Las Vegas, NV
 
American Family Insurance-Michele Weith
(702) 733-5820
6775 Edmond St Ste 300
Las Vegas, NV
 
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!

 

Click here to read more from Single Edition