Long Term Disability Insurance Kirkland WA

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

James R. Feek (RFC®), CEP
(425) 897-7155
11250 Kirkland Way
Kirkland, WA
Company
Conover Feek
Qualifications
Education: BS, MA
Years of Experience: 41
Membership
IARFC
Services
Invoice, Estate Planning, Life Insurance, Long Term Care Insurance, Charitable Planning

Data Provided by:
Mr. Warren B. Stickney (RFC®), LUTCF
(425) 462-6335
2050 112 Ave., NE 210
Bellevue, WA
Company
Stickney Research
Qualifications
Education: College and GraduateTax Summit annual Estate Planning Conference, The Strategic Coach, The Aspen Institute
Years of Experience: 24
Membership
IARFC, MDRT, Bar, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Family Offices, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Perry L. Smith (RFC®), CHFC, CLU
(425) 462-2072
800 Bellevue Way N.E. #400
Bellevue, WA
Company
Perry L. Smith Consulting, LLC
Qualifications
Education: Gonzaga U 1968-1970Eastern Wash U 1970-1972-BA American College-CLU-1982American College-ChFC-1989 NASD S7,S63,S24 - 1985RFC -1985Real Estate 1990Wealth Preservation Institute-CWAP & CAPP-2006 Golden Gate University -GGU - MS (Tax)
Years of Experience: 33
Membership
IARFC, FPA, SFSP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Healthcare Accounts, Charitable Foundations, Asset Protectio

Data Provided by:
Allstate
(425) 562-0055
1420 156th Ave NE STE F
Bellevue, WA
Alternate Phone Number
4255620055
Services
Life,, Home, Auto, Boat, Motorcycle Insurance
Prices and/or Promotions
Great Rates

Interstate Insurance
(206) 542-3195
18820 Aurora Ave N
Seattle, WA
 
Jim Black
16310 NE 80th St
Redmond, WA
Company
Company: Absolute Return Solutions
Service
401k Rollover From Employer,Income for Life/ Preserve Principal,Alternative Investments,Retirement Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Individual Income Tax Planning,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Annuities,Alternative Asset Class Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Business Income Tax Planning,Fee-Only Comprehensive Fin

Data Provided by:
Neal Broidy, MBA
10900 NE 8th Street
Bellevue, WA
Company
Title: President
Company: Senior Financial Consultants, Inc
Service
Stock Market Alternative,Wealth Management,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,High Yield Bank Accounts,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicaid,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accum

Data Provided by:
Allstate Insurance
(425) 489-5277
18911 North Creek Parkway
Bothell, WA
 
Griffith Insurance Group
(206) 632-1433
3841 Aurora Ave N
Seattle, WA
 
World Group Securities
(206) 674-4594
14900 Interurban Ave S
Tukwila, WA
Services
Life and Business Planning

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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