IF A CHILD, SPOUSE, LIFE PARTNER OR A PARENT DEPENDS ON YOU AND YOUR INCOME, YOU NEED LIFE INSURANCE

There are two major types of life insurance—term and whole life. Whole  life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life,  variable life and variable universal life.

Term Insurance is the simplest form of life insurance. It pays only  if death occurs during the term of the policy, which is usually from one  to 30 years. There are two basic types of term life insurance policies: level term and decreasing term.

Whole life or permanent insurance pays a death benefit whenever you  die—even if you live to 100! There are three major types of whole life  or permanent life insurance—traditional whole life, universal life, and  variable universal life, and there are variations within each type.

IF YOU CAN’T WORK. FORTUNATELY, YOUR COVERAGE WILL.

What is disability income insurance? One myth about disability income  insurance is that it is only for  rare, catastrophic accidents. In reality, many rely on these policies to  cover the income they’ve lost due to relatively common conditions such  as heart disease and arthritis. 

Disability insurance pays a portion of a worker's salary if that  worker becomes disabled and is unable to work at his or her job.  According to the Council for Disability Awareness, at least one out of every four workers  will become disabled at some point during their working career. This  disability can come from accidents or injuries on the job, as well as  from other debilitating illnesses such as cancer or a heart attack.  

California State Disability Insurance (SDI) Weekly income replacement generally lasts a maximum of 52 weeks.

THE FUTURE DEPENDS ON WHAT WE DO IN THE PRESENT.

Very few people have arranged to pay for or even to think about their  own needs. Most haven’t even taken the basic step of talking to family members about their preferences.

The truth: 70 percent of Americans older than age 65 will need some form of long-term care.

Long-term care is a range of services and support for your personal care needs. Most long-term care isn't medical care. Instead, most long-term care is help with basic personal tasks of everyday life, sometimes called activities of daily living.

MEDICARE AND LTC: 

Medicare does not cover long term care, as stated in the official Medicare handbook. Millions of Medicare enrollees must pay for long-term care services (such as personal assistance at home, assisted living, and  nursing home care) entirely from their own income and savings.