Long Term Disability Insurance Lehi UT

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

Roy Jones
9125 Monroe Street
Sandy, UT
Company
Title: Wealth Manager
Company: Aegis Wealth Group
Type
Investment Advisor Rep: Yes
Education
Brigham Young University
International Relations, Business Emphasis
Marriot School of Management Military Science
Years Experience
Years Experience: 11
Service
Disability Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Estate Tax Planning,Asset Protection Strategies & Planning,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Fee-Only Comprehensive Financial Planning,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planni

Data Provided by:
michael petersen
2825 east cottonwood parkway
salt lake city, UT
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
University of Chicago MBA
University of Chicago MA Economics
University of Utah BS Economics
Years Experience
Years Experience: 25
Service
Life Insurance,Alternative Asset Class Planning,Commission-Only Financial Planning (Full Disclosure),Estate Tax Planning,Asset Protection Strategies & Planning,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Fee-Only Comprehensive Financial Planning,Retirement Planning,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Business Income Tax

Data Provided by:
Cambridge Financial Center
(800) 207-5556
6440 Wasatch Blvd. #150
Salt Lake City, UT
 
michael petersen
2825 east cottonwood parkway
salt lake city, UT
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
University of Chicago MBA
University of Chicago MA Economics
University of Utah BS Economics
Years Experience
Years Experience: 25
Service
Life Insurance,Alternative Asset Class Planning,Commission-Only Financial Planning (Full Disclosure),Estate Tax Planning,Asset Protection Strategies & Planning,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Fee-Only Comprehensive Financial Planning,Retirement Planning,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Business Income Tax

Data Provided by:
Mr. A. Wayne Margetts (RFC®), LUTCF
(801) 532-1871
175 S Main St, Ste 1050
Salt Lake City, UT
Company
LPL
Qualifications
Education: BSc (Math)MBA
Years of Experience: 16
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Gregory W. Williams (RFC®), CFP, CHFC, CLU, LUTCF, MSFS
(801) 453-2271
6340 South 3000 East, Suite 500
Salt Lake City, UT
Company
Exit Strategy Specialists, LLC
Qualifications
Years of Experience: 26
Membership
IARFC, MDRT, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Asset Protection, BuySell, Compensation Plans

Data Provided by:
EksAyn A. Anderson (RFC®), MBA
(801) 840-1200
4917 Swasey Circle
Salt Lake City, UT
Qualifications
Education: BS, MBA
Years of Experience: 20
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Employee Benefits, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
American Income
(801) 472-4475
3507 N. Universtiy Ave.
Provo, UT
 
EksAyn A. Anderson (RFC®), MBA
(801) 840-1200
4917 Swasey Circle
Salt Lake City, UT
Qualifications
Education: BS, MBA
Years of Experience: 20
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Employee Benefits, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Roy Jones
9125 Monroe Street
Sandy, UT
Company
Title: Wealth Manager
Company: Aegis Wealth Group
Type
Investment Advisor Rep: Yes
Education
Brigham Young University
International Relations, Business Emphasis
Marriot School of Management Military Science
Years Experience
Years Experience: 11
Service
Disability Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Estate Tax Planning,Asset Protection Strategies & Planning,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Fee-Only Comprehensive Financial Planning,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planni

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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