Long Term Care and Life Insurance
Studies show the average American life expectancy is now about 75 years for men, 84 for women, which means it’s likely that over half of Americans will spend part of their later years in some kind of long-term care facility — at a potential cost of hundreds of thousands of dollars a year.
Long-term care insurance provides valuable support and financial resources to help cover the cost of long-term care you might need. Thinking about long-term care insurance now can protect your assets, and give you control over where you receive care, and how you, or your family, pays for it.
Heiar Insurance can help match you with long-term care insurance from one of our industry-leading carriers, to make sure you face your future with confidence.
Life insurance gives you the peace of mind of knowing that you can continue to provide for those who depend on you.
What kind of life insurance do I need?
Term Life Insurance
The most basic type of life insurance, and typically the least expensive is Term Life Insurance, which is an attractive option for many young couples and individuals. Term Life covers you for a specific period of time (such as 15, 20 or 30 years) and pays a death benefit only if you die during the term.
Universal Life Insurance
Flexible and more long-term than term insurance, Universal Life lets you pay premiums at any time, in virtually any amount, subject to certain minimums and maximums. You can also pay premiums in advance and even skip payments in certain circumstances. Over time, you can increase or reduce the death benefit as your needs change.
Whole Life Insurance
Designed to cover you through your entire lifetime, Whole Life builds cash value on a tax-deferred basis. The cash value can be accessed by the policy owner for emergencies, extra income, or college expenses, with any amount withdrawn and not repaid deducted from the policy’s death benefit.
ROP Life Insurance
“Return of Premium” Term Life Insurance costs more than a traditional Term Life policy, but offers you the ability to get your premiums paid back to you if you outlive your policy’s term.
We can help.
Heiar Insurance can provide personalized advice and objective guidance to help you assess your needs, as well as identify products from industry-leading carriers to help you protect them.