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Insurance Planning, Life Insurance Planning _ Long Term Care

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Life Insurance Planning Advisors in North Carolina

“The aging of America’s baby boomers is the most pressing national issue of the century”
– Harvard Generations policy journal, Winter 2004

Have you ever said, "I really don't need life insurance?"
If so, consider the following situations:

How would your mortgage payments be made?
How would final expense be handled?
Could your survivors afford to continue their lifestyle?
How will you save for your children's college education?
How can you save for your retirement?
What can you do to establish an emergency cash fund?

Coastal Financial's North Carolina insurance planners can set you up with a life insurance policy that can help you meet these needs!

Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the policy owner's death. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals.

Life insurance policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; for example claims relating to suicide, fraud, war, riot and civil commotion.

Life based contracts tend to fall into two major categories: Protection policies - designed to provide a benefit in the event of specified event, typically a lump sum payment; and Investment policies - where the main objective is to facilitate the growth of capital by regular or single premiums.

Coastal Financial Associates, LLC will discuss these options with you and direct you to an agent who can provide these services.

Estate Planning

You have devoted a lifetime of hard work to building a substantial personal estate. Now you are confronted with some critical issues.

Do you have an up-to-date estate plan to ensure an orderly transfer of your estate to your family? If not, the personal estate you have created may disappear in a muddle of bickering and taxes.

Do you have an estate plan that puts into place the right people to serve as your executors or as guardians for your children? Are you leaving these decisions to the good intentions of your family?

North Carolina insurance planners and insurance advisors in NC

Do you have an estate plan that protects your wishes regarding your life support and other difficult health care decisions?

You can protect what is yours, provided that you plan for it and make the correct decisions. The current estate tax rates go as high as 60% and could result in a substantial portion of your estate going to the government at your death. With proper planning you can reduce, and in many cases eliminate, your estate tax exposure and maximize the amount passed on to your family.

Of course, making well-informed decisions regarding your estate plan is a crucial, but complex task. We can help you meet your estate planning objectives through life insurance and annuity products. Let's spend a few minutes together to determine how Coastal Financial Associates, LLC can help protect the financial welfare of your family.

Long-Term Care Insurance

Our North Carolina long-term care insurance advisors can help you navigate the complexities of long term care insurance planning.

Long term care is an insurance product sold in the United States that helps provide for the cost of long-term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.

Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living such as dressing, bathing, eating, toileting, getting in and out of a bed or chair, and walking.

 

long term care insurance providers in North Carolina

Long-term care isn't necessarily long term. A person may need care for only a few months to recover from surgery or illness. As an individual ages, there is an increased risk of needing long-term care. In the United States, Medicare will not cover the expenses of long-term care, but Medicaid will for those who cannot afford to pay.

Coastal Financial Associates, LLC will discuss this vehicle for your planning and can direct you to qualified agents.

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Coastal Financial Associates
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Office: 910.457.7811 (toll-free 866.429.8242) | Fax: 910.457.7812 (toll-free 866.429.8243)
4956-2 Long Beach Rd. Southport, NC 28461