Insurance Planning
Another vital area of wealth planning available at Smith Barney, insurance planning can help you protect personal assets or business interests, your family’s standard of living and can help you achieve estate preservation goals. For example, the appropriate life insurance policy can help preserve the assets that you spent years accumulating, but can also be used as an investment vehicle during your lifetime. It can be structured to provide tax-deferred growth and a tax-free death benefit. Smith Barney offers a range of insurance products, from basic life and term insurance policies to long-term care.
Life Insurance - The appropriate life insurance policy can help preserve the assets that you spent years accumulating. Life insurance can be used in many different ways, for different purposes. It is not only for your beneficiaries, but can also be used as an investment vehicle during your lifetime. It can be structured to provide tax-deferred growth and a tax-free death benefit.
Long-Term Care Insurance - Long-term care insurance plan is designed to provide coverage for nursing home care, assisted-living facilities, home care and community-based care. Long-term care policies usually cover “functional” infirmities (needing help to dress), physical impairments (strokes), and severe cognitive impairments (Alzheimer’s disease). Premiums are based on the length and extent of coverage. Additionally, many policies offer inflation protection riders that can increase your daily benefit amount. The following key features can be tailored to fit your needs and budget considerations:
- Daily benefit amount
- Benefit period (fixed or lifetime)
- Elimination period (the amount of time you are willing to pay for expenses out of pocket before benefits begin)
- Home care coverage option
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