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We all want to grow our assets, to see our money working for us. But even more important than increasing your wealth is protecting what you already have. And that’s done through the prudent use of risk management tools
—in other words, insurance.
TAM Financial is not an insurance agent. We don’t sell insurance, although we work with companies that offer many fine products. So why go to TAM for insurance at all? Maybe it’s for just that reason: we don’t sell insurance!
TAM Financial, as an independent, Fee-Only® advisory firm, works only with the best interest of the client in mind. TAM receives no commissions or other incentives for any product or service that a client may purchase. As a result, clients can rest easy, knowing that our recommendations are always in your best interest. | |
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Insurance can take many forms, but two important types of insurance for most clients are life insurance and long-term health care insurance.
Life Insurance
With life insurance, the magnitude of choices can be truly confounding. To begin, there are three questions that must be addressed:
- Do you need life insurance?
- How much will you need?
- What type of life insurance best suits your needs and financial situation
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TAM Financial can work with you to answer each of these questions. |
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If you prefer to work with your own insurance agent to purchase a policy, we have no problem with that. If you would prefer that we help you identify a reliable agent, TAM Financial has access to life insurance agents whose focus is working with Fee-Only® financial planners and who can offer extremely competitive rates with financially strong insurance companies. | |
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Long-Term Care Insurance
Long-term care needs are not covered by health insurance, Social Security, Medicare or Medicare supplemental insurance. The fear of burdening your family or of running out of money because of an extended stay in a nursing home is one of the most common fears for clients in their 40s, 50s and 60s. And it's not unjustified. There are only three ways to pay for long-term care: LTC insurance, Medicaid or cash. And, sadly, it's not just the aged who may need long-term care insurance. More than 4 million Americans under 65 are receiving long-term care at home for debilitating illness such as Parkinson's disease, Lou Gehrig's disease and multiple sclerosis, among others.
The decision to purchase long-term care insurance is difficult from both an emotional and a financial perspective. If you're considering buying, take a few moments to read through this short guide from the American Health Care Association's National Center for Assisted Living: LongTermLivingCare.com
If you have other questions, or if you just want to talk about some of the options, please contact TAM Financial for a no obligation discussion. |
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