Life Insurance & Long-Term Care Insurance in Columbus, IN
These are topics that many in Columbus, IN, don’t like to think about or talk about, but dealing with life insurance and long-term care insurance can make a big difference for many people. At ISU-Bright Agency, we can help you to work through the amount of life insurance coverage you need and what it will be used for, as well as the coverage of long-term care insurance and how that can affect your finances in retirement. Life insurance is for the people still living and not the person who has passed, and long-term care insurance is meant for those that need care that family members just cannot provide but is needed care. Contact us today to learn more about both of these important insurance policies.
Life Insurance Plans in Columbus, IN
Life insurance shouldn’t be something to dread, it is designed to bring peace of mind to families. Losing someone is very difficult, but the loss of income is an ongoing strain that could last for years, if not decades. While the person will not be available, the money from life insurance can provide income for many years, and that helps to leave a legacy for the family. But how much life insurance should you have?
A general rule of thumb has always been getting life insurance that is roughly ten times your income. In theory, if this amount is invested, you should then be able to earn a decent income from the investment to roughly equal the income you would have had if the person was still living. But we can be flexible on how much you need based on what stage of life you are in and what you intend to use the money for.
Long-Term Care Insurance in Columbus, IN
As we age, we encounter more and more medical issues to be addressed in Columbus, Indiana. When those issues affect our daily living and we need assistance with several of these basic activities, that’s when long-term care insurance can kick in and help cover the cost of those needed services. Let our team at ISU-Bright Agency help explain the benefits of having long-term care insurance and that it can provide peace of mind for your loved ones so that they know you will be taken care of.
Don’t leave things to chance and hope that everything will be okay; take charge of your future and plan well for you and your family. Columbus is the birthplace of former Indiana Governor and former Vice President of the United States, Mike Pence. Joseph McKinney was the first to plot the town of Columbus, but no date was recorded. Local history books for years said that the land on which Columbus sits was donated by Tipton. But in 2003, Historic Columbus Indiana acquired a deed showing that Tipton had sold the land.
Contact us today to learn how life insurance and long-term care insurance can benefit your family.