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.
ENV clients are afforded an array of life insurance options to ensure you get appropriate coverage.
ENV Life Insurance options include:
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 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 (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.
ENV Financial Services, 7789 Oswego Rd. Liverpool NY, 13090 Securities and Advisory Services offered through Cadaret, Grant & Co., Inc., a Registered Investment Advisor and Member FINRA/SIPC. We are registered to sell Securities in the following States: NY, CT, FL, TN, IN.
Employers that sponsor HDHPs should review their plan’s cost-sharing limits (minimum deductibles and maximum out-of-pocket expense limit) when preparing for the 2023 plan year. Also, employers that allow employees to make pre-tax HSA contributions should update their plan communications for the increased contribution limits.