LIFE INSURANCE

SecureOne Life is a professional organization with licensed specialist dedicated to providing clients with the highest level of attention and support.  Because we are independent, our priority is you, not the insurance company. We represent many different insurance companies which offer a wide variety of coverage options and price points. Our goal is to deliver the right blend of price, coverage, and service.  We work for you, on your side.  Regardless of the need, loss, or complexity.

We can plan based on your current situation, structure a policy to grow with you as your financial situation changes.  As your life evolves so will your needs.  Planning with us will place you in a better position to tackle those unexpected events.

The death of a family member is a devastating and painful experience that no amount of insurance can ease. However, having the right life insurance coverage can help to protect your family from additional financial devastation.

Life insurance provides financial safety for your loved ones if the worst were to happen. In exchange for monthly or yearly premiums paid to a life insurance company, you have peace of mind knowing your family would receive a payout if you were to die.

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ACCIDENT INSURANCE

WHY IS PERSONAL ACCIDENT INSURANCE NECESSARY?

An injury, critical illness, death by accident or other life-changing medical emergency does not have to cause overwhelming financial burden to your family. Help protect your family from high deductibles, co pays and out of pocket medical costs. Accident and health are supplemental insurance that helps protect you from financial risk in the event of accidental injury, critical illness, and more.

Accident insurance plans are purchased like other types of insurance plans. You will pay a premium for your coverage, which will vary based on your location and the specific plan you choose.

A personal accident policy not only protects against accidental death but also covers all kinds of disabilities, may it be temporary or permanent, total, or partial. Even if you have fallen down the stairs and fractured yourself, everything will be assured as your accident policy offers coverage in both circumstances.

HERE ARE SOME OF THE ADVANTAGES TO HAVING AN ACCIDENT INSURANCE POLICY

  • Immediate protection within days of receiving your application
  • Helps cover out-of-pocket expenses
  • Benefits are paid directly to you
  • Guaranteed issue or guaranteed renewable (Some insurance policies require no medical exams or tests to qualify, while others do. Once you’ve been accepted, your rates cannot be raised and your policy cannot be cancelled up to a certain age as long as you continue to pay your premiums.)
  • No deductibles, copays or coinsurance
  • Health Savings Account (HSA) friendly

HERE IS A BROAD LIST OF WHAT IS COVERED BY AN ACCIDENT INSURANCE POLICY, ALONG WITH A FEW SPECIFIC TYPES OF INJURIES THAT MAY BE COVERED WITHIN EACH CATEGORY.

  • Emergency care – hospital treatment, ambulance, X-rays, exams or ER visit
  • Specific injury care – burns, concussion, emergency dental work, ear or eye injury or poisoning
  • Supportive care – follow-up treatment, physical therapy, prescription meds, supplies, or even transportation and lodging
  • Hospital care – hospital admission/confinement, intensive care or rehab unit
  • Surgical care – major surgery, ruptured disc, hernia, outpatient surgery or anesthesia
  • Accidental death – benefit is paid directly to your beneficiaries if your death is a result of an accident
  • Preventive care – some policies offer a wellness benefit that pays you cash back for routine blood work, immunizations and more

WHO MAY NEED ACCIDENT INSURANCE?

  • Individuals and families with active lifestyles
  • Individuals and families with small children
  • Anyone with current health insurance
  • Anyone with a limited budget for unexpected medical expenses
  • If you are looking for an affordable alternative to life insurance or if you want to supplement your life insurance coverage
  • If you are unable to qualify for life insurance due to medical reasons
  • If a pre-existing condition makes you ineligible for disability insurance, you could receive benefits instead through an accident insurance policy

DISABILITY INSURANCE

WHAT IS DISABILITY INSURANCE, AND WHY IS IT IMPORTANT?

Disability insurance, also referred to as disability income insurance protects you in the event you become mentally or physically unable to work. If you were to be injured in an accident, or diagnosed with a serious illness, it may be difficult or even impossible to continue earning a living and supporting your lifestyle. In these instances, disability insurance is designed to replace a certain amount of your income. Disability insurance payments can help you continue covering your living expenses and financial obligations, so you won’t have to dip into your emergency fund or 401k, or rack up credit card debt.

Think about it. What would happen if suddenly, due to an illness or injury, you were unable to work? The ability to earn an income is by far a person’s greatest “asset.” Learn how to protect your income if you become unable to work in the event of an injury or illness.

Disability insurance is something anyone who works and has earnings should consider. That is because one in four people today will become disabled¹ and potentially face financial hardship at some point during his or her working life. Disability insurance income helps cover expenses if you cannot work because of an illness or injury. There are disability insurance policies tailored to workers in specific professions as well as disability insurance for self-employed individuals.

WHY IS DISABILITY INSURANCE IMPORTANT?

Your ability to earn a living is your most important asset. And one of the best ways to protect it is with disability insurance. Think of it as insurance for your paycheck. Disability insurance provides you with a percentage of your income if an illness or injury prevents you from working and earning a living. You do not hesitate to insure your home, car and phone, so why wouldn’t you also protect what pays for all those things—your paycheck.

WHAT ARE THE TYPES OF DISABILITY INSURANCE

There are two main types of disability insurance: short-term disability insurance and long-term disability insurance. Short-term disability insurance covers lost income for about three months while long-term disability insurance typically pays a portion of your lost income for anywhere from one year to your entire life.

WHO SHOULD CONSIDER DISABILITY INCOME INSURANCE?

Disability income insurance can help you protect 45 percent to 65 percent of your income should you become too sick or hurt to work. So, if you have people who depend on you financially, college tuition to cover, and mortgage payments to make, you should consider disability income insurance.

TWO KEY BENEFITS OF DISABILITY INCOME INSURANCE

INCOME PROTECTION

Your income is most likely your biggest asset. Without it, it would be hard to support yourself and your loved ones financially, as well as keep your future plans on track. Individual disability income insurance can help you stay on track by protecting a portion of your income.

RETIREMENT PROTECTION

If you become too sick or hurt to work, individual disability income insurance may help you avoid using your retirement savings to cover income gaps. You may also be able to purchase a DI policy to help you continue saving for retirement while you are disabled.

WHAT ARE THE CHANCES YOU’LL NEED IT?

When you think about the kind of disability that could keep you from working, usually the first thing that comes to mind is a car accident or other catastrophic injury — in other words, something that could happen, but most likely will not. In reality, the most common cause of disability is illness, not accidents or injuries.

Arthritis, back pain, neurological problems and cardiovascular illnesses are all more common than injuries when it comes to disability claims.1 And disabilities are more common than you might think. In fact, one in four 20-year-olds will become disabled before they reach retirement age.

Disability insurance is truly something you would rather have and not need, than need and not have. As you compare which type of disability coverage may be right for you, consider the skills and abilities that are most crucial in performing your job to determine the risks you may need to insure against. Most importantly, understand how your policy defines disability and any limitations it might impose.

Long Term Care Insurance

It might be hard to imagine now, but chances are you’ll need some help taking care of yourself later in life. The big question is: How will you pay for it?

Buying long-term care insurance is one way to prepare. Long-term care refers to a host of services that aren’t covered by regular health insurance. This includes assistance with routine daily activities, like bathing, dressing, or getting in and out of bed.

A long-term care insurance policy helps cover the costs of that care when you have a chronic medical condition, a disability, or a disorder such as Alzheimer’s disease. Most policies will reimburse you for care given in a variety of places, such as:

  • Your home.
  • A nursing home.
  • An assisted living facility.
  • An adult day care center.

Considering long-term care costs is an important part of any long-range financial plan, especially in your 50s and beyond. Waiting until you need care to buy coverage isn’t an option. You won’t qualify for long-term care insurance if you already have a debilitating condition, and long-term care insurance carriers won’t approve most applicants over the age of 75. Most people with long-term care insurance buy it in their mid-50s to mid-60s.

Whether long-term care insurance is the right choice depends on your situation and preferences.

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What Are Annuities?

An annuity is a contract between you and an insurer that guarantees lifetime income in retirement. You can pay a lump sum or a series of premium payments to the insurer, and in turn they provide income payments to you in retirement. When you begin to receive those payments depends on when you plan to retire and the type of annuity you purchase.

Annuities can be a great addition to your retirement income plan, as they are one of the few investment solutions that can ensure you won’t outlive your money. You can also enjoy the simplicity of regular payments – once you choose the type of annuity that’s right for you, you can receive your payments based on the terms in your contract without any additional effort.

There are two stages to any annuity contract. The first stage is the accumulation stage, or the period where you save and potentially grow your retirement funds and build the cash value of your annuity. This phase ends at the onset of the distribution stage when you’re ready to begin spending the money to create an income in retirement. With annuities, this is called annuitization – or the process of converting your annuity into regular payments for retirement.

How you build your retirement funds and cash value (accumulation) and then convert those funds into guaranteed income (distribution) will depend on the type of annuity you purchase.

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Not sure what you need? Let us help you eliminate the guess work to make sure your life’s work is protected from the unexpected.

  • We can review your current plan or policies to insure they still meet your goals.
  • Let us provide a no cost insurance policy and/or plan review to make sure your life’s work is protected from the unexpected.
  • We can review any life changing events like weddings, death, college, divorce, new family additions, promotions, or home purchase.