Life Insurance

Life insurance can be a crucial part of your financial planning. If there is anyone that relies on you for their income, home, and care, then life insurance is critical to your peace of mind and that of your loved ones. Having life insurance will ensure that your family and loved ones are provided for and protected in the event of your death.

There are many different types of life insurance options available in the state of Georgia including:

• Term
• Whole
• Universal
• Variable Universal
• Survivorship

The two basic types of life insurance are term and whole. Term insurance provides coverage for a limited time and will only pay out if you die within the covered time frame. Whole life, on the other hand, will cover you for as long as you keep up on your payments and can even to grow in cash value over time.

Life insurance policies may offer various payout options. For example, you may be able to specify if cash is to be paid out in a lump sum or over time, or maybe even to your favorite charity. Certain policies offer coverage for disabilities, bill paying help, or payments in case of a serious illness. You may even receive annuity payments when you reach retirement age, depending on the type of coverage you purchase.

How do you know which policy is best for you and your family? The choices are many. This is why it is imperative that you speak with one of our Marietta, GA based independent insurance agents. Our agents at LG Insurance Group can explain your options in detail in terms that are easy to understand. We can also go over your current policy in order to make sure it is correct for your current financial and familial situation, and recommend changes that might be necessary so you can have peace of mind.

Long Term Care

As you get older, there’s a chance you’ll need help with life’s daily activities. If that should happen, what’s your biggest concern … ensuring you won’t have to rely on your family … staying in your home as long as possible … protecting your retirement nest egg? The need for long-term care has the potential to impact the connections to all the things you hold dear.

• Your family – The connections you have with family members may be impacted when a spouse or child must take on the role of caregiver.
• Your home – The connection you have to your home may dissolve when you can no longer manage there by yourself.
• Your nest egg – The connection to your nest egg may be weakened when the assets you worked a lifetime to accumulate must be used to pay for long-term care services.

A long-term care insurance policy, as part of your overall plan for retirement, may help you pay for a portion of the care you need, reducing the amount you would have to pay out-of-pocket for long-term care services. And that means you may be able to strengthen your connections to family, home and nest egg.

Our goal at LG Insurance Group is to provide the education you need so you’re able to make an informed decision about whether a long-term care policy will alleviate your concerns and strengthen your retirement plan. Contact us today to answer your questions and help you assess your long-term care needs.

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