Life, Disability & Long-Term Care
Inadequate life insurance could potentially be as dangerous as lacking it entirely. The false sense of security provided by unknowingly being underinsured is a threat to your assets, your livelihood, and all people connected to you financially. ENV’s financial advisors will provide you an honest, informed assessment.
Caring For Your Unique Needs
Life
ENV clients are afforded an array of life insurance options to ensure you get appropriate coverage.
ENV Life Insurance options include:
- Term Life Insurance
- Whole Life Insurance
- Universal Life Insurance
Since there are many choices and strategies for life insurance as part of a coordinated financial plan, we recommend a complimentary life insurance needs analysis. After your complimentary analysis, we will make appropriate recommendations for your specific situation.
Disability
Disability insurance pays benefits when the insured is unable to earn a living due to sickness or injury. Like all insurance, disability income insurance is designed to protect against financial disaster.
Most disability policies pay a benefit that replaces some part of the insured’s earned income when he or she is unable to work. The chances of being disabled for longer than three months are far greater than the chances of premature death.
Life expectancy is greater today because medicine has made many illnesses and injuries less life threatening. This is good news, but it does increase the need to protect your income with disability insurance.
Long-Term Care
Long-term care (LTC) insurance is a contractual arrangement that pays a selected dollar amount per day for a selected period of time for skilled, intermediate, or custodial care in nursing homes and/or home health care.
Because Medicare and other forms of health insurance do not pay for custodial care, many residents of nursing homes have only three alternatives for paying their nursing home bills: their own assets, Medicaid, or long-term care insurance.
Long-term care refers to a range of medical and personal services that provide ongoing care for people with chronic disabilities who have lost the ability to live independently.
The risk of contracting a debilitating illness (and the resulting medical bill) is usually one type of risk best assigned to an insurance company through the purchase of a long-term care insurance policy.