|How vulnerable is your
is a vital part of a financial plan because it can ensure
your wealth will be protected under all circumstances,
expected and unexpected. At Frye Financial Center, we
will provide a thorough review to ensure there are no
gaps in your risk containment planning. Our risk management
team will evaluate the soundness of your protective
planning vehicles, such as umbrella coverage, long-term
care coverage, life coverage and medical coverage to
be sure the unexpected does not sabotage your family’s
future financial security.
Insurance & Annuities
At Frye Financial Center we can review
your current policies to determine if they are up to
date and whether they are properly structured to cover
obligations such as mortgage debt, college expenses,
family income and liquidity for future estate tax liabilities.
A thorough needs analysis will be used to help determine
the proper coverage for you.
Annuities have changed dramatically over
the last 10 years. Do you own any annuity contracts?
If so, when was the last time you had your annuities
Like all of your investments, life
insurance and annuities should be reviewed on a periodic
basis to determine if they are meeting your current
and future financial needs.
Term Care Insurance
We show clients how crucial this protective
vehicle is in the preservation of their own as well
as their parents’ assets and advise them as to
the many different types of LTC care now available.
While we don’t want to ever think
about ourselves or a loved one needing long-term care
it is a reality that, if not faced now, could cause
emotional and financial devastation in the future. Consider
this when developing your long-term care plan;
- Medicare pays only about 9% of home
health and nursing home care in the United States.
- Medicare can approve up to 100 days
in a nursing home. They will pay-in-full the cost
for the first 20 days. From days 21-100, the recipient
begins to pay, out of pocket, $105 a day.
- After 100 days, Medicare stops
paying and you pick up 100% of the cost.
You should seriously CONSIDER buying Long Term Care
Insurance for yourself or for your parents if…
- You want to protect your or your parents
income or assets
- You wish to have flexibility in
selecting yours or their future care options
If you’re like most people,
your ability to get up each day and earn an income is
one of your most valuable assets. Furthermore, your
chances of becoming disabled at some time during your
working career are probably higher than you would expect.
Disability insurance can replace a portion of your income
when you are unable to work due to injury or illness.
There are two major types of disability
coverage: Short-term disability and Long-term disability.
Short-term disability provides an income for the early
part of a disability, usually for two weeks up to two
years. Long-term disability helps replace income for
an extended period of time.
If you are a successful business
owner, you do your best to make sure nothing gets in
the way of your continued success. For this reason,
you need disability insurance that will help protect
your business and/or your family if you become sick
or hurt and can’t work. Such a policy helps pay
your rent, utilities, employee wages, maintenance services,
and other overhead expenses.
The health insurance agency we work with
is a top producer and “preferred broker”
with most of the major providers and in most cases,
can offer substantially discounted rates, that other
agents can not. The level of servicing they provide
in terms of enrollment meetings, regular health fairs
and claims follow-up is unsurpassed. You will
be very surprised to see how much you can save your
company and how much improvement in the support and
servicing of your health plan you can achieve.
Business Protection Planning
- Key Person Insurance
- Partners Insurance
Insurance can play a crucial role in effective small business/corporate planning. Small business can benefit greatly and achieve insulation from uncertainty through the use of key person and partners insurance.