Retirement Planning

Retirement is a transition accompanied by many unknowns. When is the right time to retire? How will the cost of my health insurance change? Should I start taking my social security right away . . . or wait and increase my benefits later? What about my 40lK? Can I afford to retire now? Will I ever be able to retire? How will I know? Baby boomers face these and other challenging questions as they near retirement age. It can be overwhelming.

To get past the concerns of retirement, it will help to talk with an impartial person who’s willing to take the time to really listen to your situation—a person who has the resources to assist you to tackle this major life change. I’d like to be that person for you.

Final Expense Planning

Today over 50% of people choose to prepay for their funerals. Plans can be set up through a local funeral home or through our agency. When these plans are done right, the proceeds are guaranteed to be there at the time of need, bridging the financial gap and taking strain off loved ones during an already difficult period. In addition, the funds are legally considered to be an exempt asset; so they’re protected from creditors like the county and the nursing home, who cannot access them.

Life Insurance

Where will the money come from to pay the bills when you’re gone? It’s crucial to consider expenses like your mortgage, the funeral, the children’s education, and your lost wages. I’ll help you sort through the variety of life insurance options to find a plan that truly fits your needs—one that bridges your gaps, not someone else’s.

  • Term Life Insurance — Low cost, level premium, higher death benefits
  • Whole Life Insurance — Builds cash accumulation, provides loan options, level premium, pays dividends
  • Universal Life Insurance — Flexible premium payments, builds cash value, death benefits can be changed

Long-Term Care Insurance

Have you ever considered the need for long-term care (LTC)? Many people erroneously believe that it’s only for the aged. According to government statistics, (longtermcare.gov), “in the [year] 2000, almost 10 million people needed some form of long-term care in the United States. Of this population, 3.6 million (37%) were under age 65 and 6 million (63%) were over age 65 (Roger & Komisar, 2003). Almost 70% of people turning age 65 will need long-term care at some point in their lives.” Are you prepared in the event that you or a family member will one day need long-term care? How will you pay for the costs that arise when you or your spouse need home-health care, assisted-living care, or nursing-home care?

  • Home Health Care — These services cost about $19.00 per hour and can add up to $36,000 per year, based on services received eight hours a day for twenty days a month.
  • Nursing Home Care — These services cost between $50,000 and $80,000 per year.

Unfortunately, health insurance doesn’t cover long-term care services. Medicare provides only a limited amount of skilled care, such as rehabilitation following a hip or knee surgery.

The truth is, most people can’t afford to pay for LTC services unless they liquidate assets by cashing in stocks or mutual funds, selling the house, or emptying a 401(k) account.

Medicaid will pay for care only after you have spent down nearly all of your assets.

Owning long-term care insurance gives you the peace of mind that—when the need arises—you will not be wiped out financially. You and your spouse can continue your present lifestyle, your children can still receive an inheritance. You sleep better!

Health Insurance

With all the changes in health insurance over the past few years, shopping for health insurance can be difficult. How do you find a plan that covers your needs and fits your budget? I have access to a variety of programs for people ages 0–64. How much is the cost? It depends on your income. Some people will get help by going through MNSURE; and I can guide you along that process. Others, those with higher incomes, will not qualify for a government subsidy, but they’ll have access to all of the same plans at the regular rates. There are no health questions asked, and there are no waiting periods. Pre-existing conditions are covered immediately. These days, who can afford to go without coverage?

Medicare Supplement Insurance

Making the transition to Medicare raises several issues. How and when do I get a Medicare card? How much does Medicare cost? When can I apply for a supplement? Which one is best for me? What about my drug coverage? Whom can I trust to help me through this change?

My job is to patiently help people to find the answers to these questions. I’ve enjoyed doing this for over thirty years, and I’d like the opportunity to help you.

The providers I work with include: