Protect What Matters Most!

Life Insurance

Life insurance is a crucial investment that ensures the financial security of your loved ones in the face of unexpected tragedies. The proceeds from a life insurance policy can be utilized to cover various expenses, such as bills, business continuity, educational needs for your children, and safeguarding your spouse’s retirement plans. At Home Wealth Financial, we understand the importance of securing your family’s financial future, and we’re here to assist you every step of the way.

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Types of Life Insurance

Term Insuranceis the most affordable type of insurance when initially purchased, and is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

Final Expense Insurance is an insurance policy used to pay for funeral services and a burial when the named insured dies. Such a policy helps ease the financial burden placed on a family when a loved one dies.

Universal Life Insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings components of the policy. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances. For example, if the savings portion is earning a low return, it can be used instead of external funds to pay the premiums. Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly.

Whole Life Insurance is a life insurance contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder can withdraw or borrow against.
As the most basic form of cash-value life insurance, whole life insurance is a way to accumulate wealth as regular premiums pay insurance costs and contribute to equity growth in a savings account where dividends or interest is allowed to build-up tax-deferred.

Long-Term Care

Premium Stability:

Desire a guarantee of NO rate increases to their premium, ever.

Financial Comfort:

Comfortable financially, yet recognize the prudence of having insurance in place.

Hold $100-150K in an easily accessible fund as “rainy day” money.

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insurance company in california el cajon

Utilization Confidence:

Like the assurance that they will use the insurance.

With Hybrid, enjoy a death benefit (life insurance) or the option to use it for long-term care costs.

Tax Efficiency:

Have income tax sensitivity; benefits are income tax-free.

Health Considerations:

May face serious health issues preventing them from obtaining a policy from stand-alone companies.

Disability Insurance

What is Disability Income Insurance?

Disability Income Insurance is a crucial form of coverage that safeguards your earned income in the event of a disability that renders you unable to work and earn money. This type of insurance encompasses various benefits, including paid sick leave, short-term disability benefits, and long-term disability benefits.

Why Disability Income Insurance Matters

Did you know that more than a quarter of today’s 20-year-olds will become disabled at some point in their lives, according to the Social Security Administration (SSA)? Disabilities can result from various causes, such as back injuries, cancer, heart disease, or other illnesses, leading to long-term absences from work.

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insurance company in california el cajon

Who Needs Disability Income Insurance?

The need for disability income insurance extends to everyone, as disabilities can affect individuals from all walks of life. Whether you’re a young professional, a family breadwinner, or a business owner, having disability insurance provides financial protection and peace of mind.

Individual Disability Insurance

Individual disability insurance is a versatile option that allows you to customize coverage based on your unique needs. As these policies are funded with after-tax dollars, the benefits you receive are not subject to taxation, providing you with more financial support during challenging times.

At Home Wealth Financial, we pride ourselves on offering comprehensive hybrid long-term care solutions that go beyond traditional approaches. Our commitment is to provide you with peace of mind, financial security, and flexibility in planning for the future.

Ready to explore the advantages of hybrid long-term care coverage? Contact us today, and let our experts guide you towards a tailored solution that fits your unique requirements. Your peace of mind is our priority.