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Have you ever considered how much your family relies on you? From your financial contributions to raising your children, every little thing you do for your family adds up. Now, consider this – if something were to happen to you, what kind of gap would be left for your family to fill?
Planning for the future can be difficult. No one wants to think about what will happen after they’re gone, but it’s important to make sure the needs of your loved ones are covered. Strandlife Financial is dedicated to helping you create a stable and secure foundation for your family to build from after you’re gone.
There are two main types of life insurance policies to choose from and one that combines elements of both.
TERM LIFE INSURANCE:
Coverage for a “term” or period of your life.
Lower premiums for higher coverage.
Rates can change after specific terms expire.
No equity – cannot be used as cash value.
WHOLE LIFE INSURANCE:
Exactly like it says – permanent, not for a specific period.
Protection carries with you your whole life.
Can build equity and have cash value.
Higher premiums than term life, but can be more valuable in the long run.
TERM AND WHOLE LIFE COMBINED:
Build lifelong base of whole live coverage.
Supplement specific times of your life with term insurance.
Determining the best life insurance plan for you can be a daunting task. Our dedicated team can help you find a life insurance plan for your specific needs.
Your lifestyle and dreams for the future depend on your ability to earn a living.
When you take into account all that you've worked so hard to achieve, consider the fact that your paycheck made it all possible. One of the most important decisions you will make will be to insure your ability to earn an income.
Disability Income Insurance will provide you with a monthly income if you are unable to work as a result of an injury or illness.
Your Income At Work
We protect our homes, cars, lives and even our identities with insurance. But we often fail to consider protecting our most valuable resource – our income.
Does Your Income Protection Plan Satisfy Your Needs?
If you are suddenly unable to work for any period of time, you could lose your income and everything it provides.
Don't Wait Until It's Too Late
Disability Income Insurance will provide you with monthly income if you are unable to work as a result of an injury or illness.
MAINTAIN A BALANCED LIFESTYLE WITH HEALTH INSURANCE
You never know when an accident may occur or a health issue will strike, so you should protect yourself with a health insurance policy so you have more options in the unpredictable case of illness.
California health insurance policies most often provide coverage for:
INDIVIDUAL HEALTH INSURANCE PLANS
In 2010, the Affordable Care Act was signed into effect; this law was designed to bring comprehensive health insurance reforms, hold insurance carriers accountable for costs, as well as give more consumers access to health care.
Each year, there is a period of time called “open enrollment”, which runs from November through January. During this time you can shop and apply for a new health insurance plan if you find your current plan unsuitable. Once open enrollment period ends, you cannot buy or change a plan unless you have a qualifying life event (such as losing your current coverage, getting married or having a baby).
Consumers are also offered tax credits if their household income falls below established thresholds. The law also requires penalties, based on income or number of dependents, for consumers who choose not to participate in a health care plan.
Until recently, most people got their health insurance from their employer, and those with lower incomes received coverage from the government. But more and more people are buying private health insurance plans tailor-made for individuals and families.
INDIVIDUAL & GROUP MEDICAL INSURANCE
At Strandlife Financial, we take pride in offering viable and affordable health insurance solutions for both individuals and businesses. Whether you’re in need of group health insurance or individual medical coverage, we work with premium carriers who understand the needs of employers and employees alike.
There are several types of medical plans to choose from including:
HMO– Health Maintenance Organization Plan
PPO– Preferred Provider Organization Plan
HSA– Health Savings Account Plan
FFS– Fee For Service Plan
With our help, you can determine which individual or group medical insurance policy will work best for your unique needs.
Long Term Care
You may be busy building a career and raising your family. Or, maybe you're nearing retirement and looking forward to living your dreams. No matter what your situation, a successful future starts with careful planning to ensure you have the funds that will enable you to live life on your terms.
Top Reasons People Buy Long Term Care Insurance
To avoid burdening loved ones with caregiving roles
To have a choice of where they get care
To remain independent
To remain in, and receive care in, their own home
What Is Long Term Care?
Many people visualize a nursing home when they think of long term care, but long term care does not always mean institutional care.
Instead, it is care that you need when you can no longer perform common daily tasks by yourself – routine activities that healthy people don't give a second thought to, such as: bathing, dressing, eating, using the toilet, getting into and out of bed or a chair. The need for long term care may be due to physical limitations or disabilities resulting from injury, illness or the normal ageing process. It can also be due to a cognitive impairment resulting from a stroke, for example, or Alzheimer's disease. And while such care is provided in nursing facilities, assisted-living facilities, and adult day care centers, the majority of long term care takes place in the recipient's home. Usually, it is provided by unpaid family members or friends.