Individuals

Protection

You insure your car, your home, and your belongings, but what about your life?  Your life and the income you produce provides for the people you love and for your lifestyle.  We at H&B want to protect your life to ensure that your lifestyle is protected in case of injury or illness.  We also want to make sure your loved ones are taken care of if you were to pass away.  We do this with various insurance products designed for your individual needs.

  • Life Insurance
  • Disability Insurance
  • Long-Term Care Insurance
  • Annuities

Life Insurance

Life insurance is broken into two categories: Term Insurance and Permanent Insurance.

Term insurance is set for a specified period of time either 10, 15, 20, 25, or 30 years.  It does not have a cash value component and will expire once the term period is met.

Permanent insurance is life insurance that you will have for the rest of your life.  It builds cash value with your premium payments that grows tax deferred and the best part is that it is your money.

We are an independent firm that uses multiple companies to find the best product for you.  What this means is we present you with multiple options instead of trying to force one company's product on you.  More options means greater flexibility and more savings for our clients.

Disability Insurance

Disability insurance provides a monthly benefit  over a short-term or long-term period if you were to become disabled and unable to work.

Statistically, you have a 3 in 10 chance of suffering a disabling illness or injury that would keep you out of work for three months or more during your career.*  It is also important to realize that 90% of disabilities are the result of illness rather than accidents.**

A disability can cause tremendous strain on your financial situation and can prevent you from reaching your long-term goals.  Your short or long-term loss of income can affect your retirement savings and increase debts.  Our goal is to prevent this from happening, and let you focus on recovery instead of your money.

Long-Term Care Insurance

Long-term care includes all the assistance you would need with daily living tasks if a chronic illness or disability leaves you unable to care for yourself for an extended period of time.  

Did you know?  Long-term care insurance is not just for nursing home care. It can be used for informal in home care as well.

The median cost for a home-health aide for an eight-hour day is more than $44,000 a year, while nursing care in a facility with a private room has a median cost of almost $84,000 a year.***

Long-Term Care offers protection to you and your loved ones by not depleting your hard saved assets and keeps your loved ones knowing that you are taken care of.

Annuities

Are annuities a good investment? Annuities are another insurance product that has tremendous value when used appropriately.  An annuity is designed for those that are worried about outliving their retirement savings.  

It works by paying either a lump sum premium or a premium paid over time and accumulates value tax deferred.  Once annuitization occurs, you will receive a stream of periodic payments that can last for your life.

We at H&B are focused on your needs first, and in the right circumstances an annuity could be a perfect financial instrument for you.

* The Real Risk of Disability in the United States, Milliman Inc., on behalf of the LIFE Foundation, May 2007 

** The Council for Disability Awareness, Long-Term Disability Claims Review, 2010 

*** Genworth 2013 Cost of Care Survey, conducted by CareScout 

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