Life, Disability & LTC

Life Insurance

It’s not pleasant to think about, but you need to start thinking about protecting your family and your assets in case something happens to you. If your loved ones depend on your income, you need to make a decision about how to protect your assets. 

Encore Insurance Advisors offers both permanent and term life insurance. The difference between the two is that permanent is available for life, whereas term insurance is available for a specified period of time. Upon death of the insured, the death benefit will generally pass federal income tax-free to the policy’s beneficiary. 
Benefit Permanent Insurance Term Insurance
Death Benefit Available for Life Available for a specified period of time.
Tax Deferral Upon death of insured, death benefit generally passes federal income tax-free to policy’s beneficiary Upon death of insured, death benefit generally passes federal income tax-free to policy’s beneficiary
Premiums Typically, premiums are more expensive than term; need to keep policy long enough or could be costlier (due to surrender charge) Lower premiums allow you to purchase higher levels of coverage at a younger age, when death benefit need is greatest
Cash Value Accumulated cash value can be accessed through tax-advantaged loans and withdrawals No cash value

Disability Insurance

Disability insurance pays an insured person when that person is unable to work due to an accident or illness. There are two types of disability insurance policies: Short-Term Disability and Long-Term Disability. Short-term policies have a waiting period of 0 to 14 days with a maximum benefits period of no longer than two years. Long-term policies have a waiting period of several weeks to several months. 

Disability policies also come with non-cancelable and guaranteed renewable features. This gives you the right to renew your policy without an increase in premiums or a reduction in benefits. 
Long Term Care Insurance
Long Term Care insurance provides the necessary funds for insured who must seek outside assistance with the activities of daily living because of an injury or illness. Skilled nursing care, home care, and rehabilitation can all be covered by our comprehensive plans. Call or email us for a quote.
Health Insurance
Encore Insurance Advisors now offer health insurance products – both under and over age 65. Contact our agency for more details.

None of these statements should be construed as coverage definitions. All claims are settled according to the policy contract purchased. Please call if you have any questions.
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