Welcome to a new episode of It’s A Woman’s World with host, Carolyn Bruna. This episode has guest Ellen Davis, President of Life Health Home. Her tagline is Life Happens and We’re Here To Help You Prepare For It. Ellen believes the most important qualification to being in the finance or insurance business is to care about your clients more than you care for yourself. Don’t forget to love yourself and practice self-care either, but I agree, you need to care about them and what is best for their lives. Ellen says you are helping someone make medical and financial decisions that effect them today and potentially effect them and their families in the future.
A Broker represents many companies and many different programs and works with a lot of General Agencies. In 2009, Ellen became a General Agency herself! Life Insurance can be utilized in many different ways and many different types. The main understanding of Life Insurance is that when you pass you leave funds to whatever person or organization of your choice, but it is much more than that.
Traditional Long Term Care
There is long term care Traditional and Hybrids to protect the family that care gives. Making sure there is money to be able to give care to the person in need and take care of the person giving care, so they don’t utilize their funds. One example is Universal Survivorship.
Consider Traditional Long Term Care Insurance if you’re looking for:
- The most long-term care coverage for your dollar
- Coverage with the broadest set of options
- Protection for your assets and income in retirement
- Locked Premiums
- Flexibility in how benefits are paid out
- Spousal discounts
- Death benefit for your beneficiaries, even if you use the long-term care benefit
Disability Insurance protects during working age (until you’re 65/add till 70), protects a certain percentage of your income if your unable to do that job or any other job.
Medicare Supplement, it’s effective when you turn 65 and works differently than health insurance.
Fixed Indexed Annuities is an insurance product that utilizes money to protect against the stock market going up and down, but also has the ability to give you a lifetime income. Don’t get the highs and you don’t get the lows.
As we age our need for healthcare increases and the cost of care goes up. If we don’t prepare how do we get there? Cost of care will continue to rise because of Covid. Get prepared and watch this informative episode below.
For more information you can email Ellen Davis at EDavis@LifeHealthHome.com or call 301.728.5505. To learn more visit: LifeHealthHome.com.
