Long Term Disability Insurance Humble TX

My advice to most people is that long term disability in Humble 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. Donald James Traugott (RFC®), CLU, LUTCF
(832) 764-0582
27303 Siandra Creek Ln
Spring, TX
Company
Traugott Advisory Group
Qualifications
Years of Experience: 32
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Asset Protection, Compensation Plans

Data Provided by:
Charles Geraci
12721 Sawmill Road
The Woodlands, TX
Company
Title: Principle
Company: C. Geraci & Company
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
University of Texas (1975)
Years Experience
Years Experience: 20+
Service
Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Fee Only Portfolio Management,Pension for Highly Compensated Owners,Stock Market Alternative,Alternative Investments,Annuities,Alternative Asset Class Pl

Data Provided by:
Daniel Goodwin
25511 Budde Rd
The Woodlands, TX
Company
Company: Goodwin Financial Group
Type
Investment Advisor Rep: Yes
Education
SHSU BS
Years Experience
Years Experience: 18
Service
Captive Insurance,High Yield Bank Accounts,401k Rollover From Employer,Income for Life/ Preserve Principal,Alternative Investments,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Fee Only Portfolio Management,Wealth Engineering,Pension for Highly Compensated Owne

Data Provided by:
Bryon Townsend, CFP
2950 N. Loop W., Ste 500
Houston, TX
Company
Title: Managing Director
Company: W.R. Anderson & Co
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
Univerversity of Houston, BBA-Finance
Years Experience
Years Experience: 16
Service
Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Mortga

Data Provided by:
Timothy Carmean Northwestern Mutual Financial Network
(281) 583-4330
14550 Torrey Chase Blvd
Houston, TX
 
Mr. Patrick J. Wehrly (RFC®), CEP, CSA
(281) 528-5760
3325 Spring Cypress Road Ste 100
Spring, TX
Company
Offices of Patrick J. Wehrly
Qualifications
Years of Experience: 20
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Business Planning, Trustee Service, Retirement Planning, Tax Planning, Tax Returns, Annuities, Life Insurance, Long Term Care Insurance, Charitable Planning, Asset Protection, BuySell

Data Provided by:
Mr. Donald S. Hartgrove (RFC®), CHFC, CLU, LUTCF
(281) 440-8067
15302 Stuebner Airline Rd. Ste. G
Houston, TX
Company
Farm Bureau Insurance
Qualifications
Education: BA, M.ED.
Years of Experience: 37
Membership
IARFC
Services
Invoice, Business Planning, Retirement Planning, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Auto Home Insurance, BuySell

Data Provided by:
Roger Craig Hamilton (RFC®), MBA
(713) 450-3963
79 Uvalde Rd., Suite J
Houston, TX
Company
HRC Consultants
Qualifications
Education: MBA, BBA - Finance
Years of Experience: 13
Membership
IARFC
Services
Invoice, Portfolio Management, Pension Planning, personal Coach, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Family Offices, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Compensation Plans

Data Provided by:
4C Financial Services
(281) 890-6700
4460 FM1960 East#2
Humble, TX
 
Allstate Insurance Company - Alan Sipanka
(713) 681-5991
1337 W 43Rd St
Houston, TX
 
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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