Securian Advisor MidAmerica recognizes the importance of protecting your loved ones future. By building solid financial foundations through insurance, you can protect the things you care about most in life. With a sense of security that you and your family are protected, you can focus on more important things. When it comes to insurance, it is better to think ahead; it is never too early or too late to prepare. Protecting your assets is as important as growing them.
Life insurance can guarantee your family is financially protected should something happen to you. It can help them maintain their quality of life and help ensure that a financial burden is not added during a time of mourning. Our educational process will help identify who needs life insurance, how much coverage is needed, and how to structure the life insurance contract. We recognize the amount of options and information can be overwhelming. We equip you with the proper knowledge and the wisdom to appropriately apply that knowledge to your situation.
As the recipient of the life insurance proceeds, it is also vital that the beneficiary be educated as well. Our process offers a consultation with the beneficiary to provide guidance of how life insurance proceeds are received, common pitfalls to avoid, and education so they may make good decisions whenever that time comes.
Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods.
Disability insurance provides replacement income when you are unable to work and earn a paycheck due to a injury or illness. It is a critical base for the building blocks that form your comprehensive financial strategy. Referred to as “Income Protection,” it protects the asset that you and your family depend on daily.
If you are earning an income, your current benefits should be fully reviewed to ensure that appropriate coverage is in place for you and your family. It is common for employees to have some form of group coverage that may not completely protect your income. This is where Securian Advisors MidAmerica can help. Our process identifies any gaps or short-comings in your existing coverage, outlines the potential impact of taxes, and determines the appropriate action to help ensure you and your family are protected.
Long-Term Care Insurance
Long-term care is a range of services and supports you may need to meet your health or personal care needs over a long period of time. Most long-term care is not medical care, but rather assistance with the basic personal tasks of everyday life, called Activities of Daily Living, such as eating, bathing, dressing, transferring (the ability to move from place to place), using the toilet, and maintaining continence. It also refers to the supervision some people need when suffering from dementia or Alzheimer’s. There are three ways to cover the costs of these services:
- Rely on the government
- Transfer the risk
Regardless of how Long-Term Health Care needs are addressed, preparing for that stage is crucial. Too many families wait until the injury or illness occurs and are forced to make very important decisions under extreme stress. Adequate preparation helps families care for loved ones better and longer and lessens the potential for irreparable damage to their physical, emotional, and financial health.
This is not intended to promote any insurance company or any particular type of insurance product.