ARE ALL YOUR INSURANCE NEEDS COVERED

ARE ALL YOUR INSURANCE NEEDS COVERED

Insurance is the cornerstone of a sound financial plan more important are the correct kinds and amounts of insurance. We need to make sure our family and our assets are protected when trouble hits. AUTO There is no way around this if you own a car that you drive you need to have auto insurance. Let us help you review your policy make sure you have the correct amount of insurance for you and your family s needs and try and save you some money at the same time. Homeowner s Renter s Insurance You should never own or rent property without having yourself covered in the case of a fire flood burglary or some other disaster. Renter s insurance is relatively cheap to get so make sure to have some. If you rent and something happens to the property you live in the property owners insurance dose NOT cover your stuff. When buying homeowner s insurance get one that has guaranteed replacement costs. If something happens to your home and you have a policy without guaranteed replacement costs you will only be covered for the value of your home at the time you took out the policy. That s bad news if your house has increased in value. Let us help you with this we can talk through your situation and come up with the best plan with the greatest value for you and your family s needs. Already have this coverage Let us see if we can save you some money Life Insurance If you die with no life insurance your family will most likely be stuck in a dire situation and have to make drastic changes all the while grieving you. You should have eight to 10 times your yearly income set aside in a term life policy. That way if you pass on your family can invest the money and at a 10% return replace your income. This is something that shifts more often than you think. Every time you get a raise have a child buy a house or have some other significant life event happen you need to make sure that you have enough insurance to cover it. Don t take this lightly one-third of adults in the United States carry no life insurance and more than half a million in the prime of their lives die prematurely each year. If there is anyone that depends on your income this is very important for your overall financial plan. This insurance is the tool that you use to protect them when you no longer can. Let us work with you on this review your plan and help you get the coverage you need. Remember this insurance is not for you it s for them. Long-Term Disability Insurance If you die your life insurance will take care of your family. But if you are permanently disabled you will be unable to produce an income and yet still need to be cared for. In that case you need long-term disability insurance that will provide about 70% of your income for an extended time period usually until death or age 65. You can usually get it the cheapest through your workplace. And you need to. About 49 Americans become disabled every minute and three in 10 in the workforce today will become disabled before they retire. With the average monthly benefit from Social Security disability being 1 004 a month you can t afford to not have this type of insurance. If you already have this coverage let us go through the numbers with you to ensure you have the correct amount of coverage if you do not have this coverage let us help you to obtain some. This type of coverage is the kind we do not think about until we need it. Which then is to late. If you have Life or Long-Term Disability Insurance provided through your work MAKE sure that if you leave your job or get fired the coverage follows you. Most of the time your coverage ends when your employment ends. Then you run the risk of being uninsured and unable to obtain insurance at that time. If this is the case I encourage you to have some coverage OUTSIDE of the workplace to avoid that risk. REMEMBER we will never see trouble coming good financial planing is preparing for it. Long-Term Care Insurance This isn t necessary until you hit age 60. After that it becomes vital. A nursing home can cost about 50 000 a year per person. If you and your spouse go into an assisted living facility with 300 000 in life savings you ll have it used up so fast you won t believe it. If you are approaching 60 start looking at long-term care insurance. Don t buy it before then (it s not necessary enough at that point) or after (it can get too expensive). If you are approaching age 60 lets start to have this conversation to explore your options with this coverage so we can find the greatest value for you. These are only some of the insurance services we offer here at Appleseed Insurance. We take pride in our ability to help you with all your insurance needs. Please feel free to call us Mon-Fri 9 00 A.M. Till 5 30 P.M. Or stop by our office at 73 Old County Rd Windsor Locks CT. We MAKE money by SAVING you money www.appleseedins.com