A tailored, adaptable financial plan can go a long way towards protecting your family’s future—but it can’t account for everything. Financially, it’s difficult to plan for unexpected life changes, like the death of a spouse, sudden illness or disability, or the need for long-term care. For those parts of life that your financial plan can’t cover, Laurus Financial Group, LLC, provides a variety of insurance products and coverage levels to ensure your future is protected, no matter what life throws your way.
The death of a spouse can have both immediate and long-term impacts on your financial plan, whether that spouse was an income-earner or not. In addition to the immediate funeral and burial costs, the surviving family deserves time to grieve without having to worry about returning to work to maintain financial stability. Sufficient life insurance coverage can allow your loved ones the time they need without fear of falling behind on expenses.
Laurus Financial Group, LLC, offers life insurance products with a spectrum of death benefit protection, spousal coverage, and cash value accumulation features to fit your exact coverage needs. We will sit down with you to discuss your situation and your objectives, so we can ensure you select the right insurance programs to protect your family and your future.
While many people recognize the importance of life insurance, far fewer recognize a sudden disability can have a greater impact on their financial circumstances. If you are suddenly disabled due to accident or illness, you may lose your ability to work and generate income. How would this impact your finances? For most, such a situation would completely derail their financial plan, not to mention create even more stress with meeting monthly obligations.
Adequate disability coverage protects a portion of your income, helping ease the burden of lost wages if you become disabled. We offer a variety of products that can insulate you from severe income loss for both short-term and long-term disability.
Thanks to modern medicine, life expectancies today are much longer than they once were. Of course, this also makes it much more likely that you or your spouse will need some form of long-term care near the end of your life. This type of care—whether in your home or in a care facility—will come with high monthly costs. While planning for your retirement, it’s important to keep in mind the possibility you will need to pay for long-term care for yourself, your spouse, or both of you.
We encourage our clients to consider long-term care insurance or build options into their planning, which can help manage healthcare costs and reduce the impact of inflation on these types of expenses. We’ll help you find the right type of long-term care option to ensure you and your loved ones are properly cared for if the need should arise.