Long Term Care Insurance

Long-term care insurance helps you maintain financial independence and security in the event you suffer a condition that requires long-term care, such as a chronic illness or car accident. Given the United States aging population, many people already have family or friends who suffer from waitlists and overcrowded long-term care facilities. Yet private home or facility care is an expensive alternative, especially for retired people on a fixed income.

Consider a form of insurance that can help address these challenges. Depending on the specific plan chosen, long-term care insurance can:

  • Provide a lump sum payment following the diagnosis of a covered illness
  • Help cover expenses, including medicine and treatment, for long-term health and personal care
  • Cover services in your own home or in a long-term care facility
  • Assist with financial expenses like lost employment income

We can help you tailor your financial security plan so it protects you through long-term care insurance.

Disability Insurance

Disability insurance helps protect your financial security in the event of an accident or illness that makes you unable to work.

Suffering a disability can result in a significant loss of income, and insurance can help cover your expenses. Rather than a single lump-sum payment, Disability Insurance benefits are almost always payable on a monthly basis.

Short-term Disability Insurance can provide an income during the early part of a disability, while Long-term Disability Insurance helps replace an income for an extended period of time.

Depending on the specific plan chosen, disability insurance can:

  • Help maintain your financial independence, lifestyle and security through monthly payments
  • Assist with paying fixed expenses for your business
  • Support the buy-out of a disabled partner’s share of a business

We can help you tailor your financial security plan so it protects your income through long-term care and disability insurance. Contact us today to find out how.

The Fine Print

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Summit Financial Consulting LLC and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation.

The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Michigan, Florida, Texas or where otherwise legally permitted. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. All investing involves risk including loss of principal. Past performance does not guarantee future results.

Advisory services are offered through Summit Financial Consulting LLC, DBA Summit Financial Working With People You Trust, an SEC Investment Advisor. Being registered with the SEC and being a registered investment adviser does not imply a certain level of skill or training. Summit Financial Consulting LLC and its representatives do not render tax, legal, or accounting advice. Health/Life/Annuity Insurance products and services offered by the individual insurance agent. Group Health insurance and ancillary benefits are offered through Summit Health Services, LLC. Property/Casualty (P&C) Insurance is offered through Summit Insurance Services, LLC and our local P&C agency partners. Representatives of Summit Financial Consulting LLC offer tax preparation services through Summit Tax Services. Summit Tax Services is a DBA of Heemer Klein & Company and they are owned and operated independently. Tax products and services are offered through Summit Tax Services LLC. Summit Financial Consulting LLC, Summit Health Services LLC, Summit Tax Services LLC, and Summit Insurance Services, LLC are affiliated entities.

Summit Financial Consulting LLC, Summit Health Services LLC, Summit Tax Services LLC, and Summit Insurance Services, LLC are not affiliated with the Social Security Administration or any government agency.

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