Specialty Life and Disability Insurance
Key Person Life and Disability Insurance
This coverage will protect the company in the event of an untimely disability or death of an executive or business owner. Key person coverage allows a business to continue operations without major disruption in the event of disability or death of a key person.
High Limit Life and Disability Insurance
These coverages are primarily for clients who may be limited to underwriting or restrained by benefit limits imposed by different carriers. TWG has the ability to write disability coverage to cover incomes up to $4,000,000, as well as the ability to underwrite high death benefits. TWG can bind life coverage on the same day due to their unique relationships with the carriers.
International Life and Disability Insurance
TWG has the ability to write disability coverage on Third Country Nationals, payable in local currency. Providing this coverage was always difficult for U.S. companies with operations overseas. In addition, TWG has provided life insurance solutions overseas including coverage in Iraq and Afghanistan.
Long-Term Care Insurance
Why it’s important to you and your family
Do your financial and retirement plans include protection against long-term care expenses? They should! If you are like most people, you’ve insured your health, your car, your life and your home. You have probably worked hard to accumulate assets for your retirement years. But what if you needed long-term care? Long-term care is a risk that can impact or even derail all of your carefully thought out plans. So start planning now.
- The chances of needing long-term care increase significantly as we age. People age 65 face at least a 40% lifetime risk of entering a Nursing Home/Nursing Facility. The longer we live, the greater the chance we will need care.
- The cost of long-term care will range in price depending upon the type of care utilized. Minimum care is usually affordable; it is the cost of substantial care, $40,000 - $127,000 per year or even more, that warrants insurance.
- Neither Medicare nor group health insurance pay for a true long-term care need.
Long-term care insurance is one of the newest and fastest growing employee benefits. There are tax incentives to employers for purchasing long-term care insurance for their employees. Corporations may create an “Executive Carve Out” plan whereby the corporation selects and pays the cost of insurance protection for designated key individuals (spouses can be included too).
For more information about Long-Term Care visit our strategic partner’s website www.mcaree.com.
|
