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Category: MutualFinancial

Life & Long-term Care Insurance

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What guidance does MutualFinancial Investment Services provide regarding life insurance plan selection?
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What guidance does MutualFinancial Investment Services provide regarding life insurance plan selection?

Your MutualFinancial representative is with you every step of the way. Our first step is to schedule a meeting to talk about and assess your needs. Then, we will shop different carriers to find one that meets those needs.

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How much life insurance do I need?
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How much life insurance do I need?

This decision depends on your personal situation and goals for your loved ones. Through an individual meeting, a MutualFinancial representative will help you determine how much life insurance you need based on current debt and your desire to provide items such as a steady income or college funds for loved ones.

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Why would someone need long term care insurance if he/she has a trust or a plan for Medicaid?
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Why would someone need long term care insurance if he/she has a trust or a plan for Medicaid?

Long term care insurance is designed to protect your assets from being used to pay for health care. Having long term care insurance ensures that you do not have to sell off assets, such as a mortgage, in order to pay for care. Medicaid only starts paying when you’ve exhausted all your assets.

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What sorts of expenses does long term care insurance cover?
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What sorts of expenses does long term care insurance cover?

The covered expenses will depends on what you buy in the policy. Long term care insurance covers traditional nursing home care, but can also include home health care, and even prescription drug benefits.

 

 

These questions and answers are provided for general information only and may not be completely accurate in every situation. The information provided is not legally binding on MutualBank or any of its affiliates or subsidiaries. For assistance with specific questions regarding your account(s), please contact us.

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