Insurance Group Of America

Statistics show that 6 out of every 10 people between the ages of 20 and 60 will have some period of disability before the age of 65. Disability policies offered by employers MAY NOT be portable or as comprehensive as individual policies. Wage losses, medical expenses, property damages, employer costs, fire losses and other expenses related to unintentional injuries and fatalities cost Americans an estimated $480.5 billion in 1998. That's equal to 59 cents of every dollar spent on food in the U.S. in 1998.

What is long-term care? Long-term care involves a wide variety of services for people with a prolonged illness, disability or cognitive disorder (such as Alzheimer's disease). Long-term care is not one service, but many different services aimed at providing people with the help they need when a prolonged illness or disability keeps them from being able to care for themselves.

Many people ask the common question, "Why do I need Life Insurance?" Well, Life insurance provides financial security for your family by providing a lump sum or annuitized payment of possible tax-free money after your death. This money, also called the death benefit, can help your family meet important financial needs by replacing the income you would have provided. Life insurance can also help with expenses incurred at the time of death, such as any bills or estate taxes that the deceased may have incurred.

Annuities are an excellent, long-term tax-deferred way to put aside money and later use those funds to provide a dependable, guaranteed source of retirement income. Annuities offer significant tax advantages that help you grow retirement income since the interest you accumulate isn't taxed until you withdraw the funds.