Life / Disability Insurance

Life and Disability Insurance is designed to protect and preserve your personal, business and estate assets and income. It is important to separate these three when planning for these insurance needs. Chalk & Gibbs offers all life and disability insurance products necessary to fulfill these needs. The following are a few reminders to consider when planning for how much life and disability insurance you may need.

 

Disability Insurance is based on replacing a percentage of your income if you no longer can work due to a sickness or accident. Your occupation is relevant also. Base your insurance needs on replacing approximately 60% of your gross income.

 

Life Insurance planning for your personal needs should be first. Things to consider are: replacing your income, payoff debts, pay final expenses, complete retirement funding, educational and childcare needs. If you are a business owner, life and disability insurance planning consists of replacing a key employee, buying out a partner, paying off debts and retirement planning. Life insurance is a valuable tool for providing liquidity to pay estate taxes or to equalize an estate among family members.

 

Chalk & Gibbs is part of an Independent Marketing Organization, Advisors Financial Group, representing over 20 companies assuring you of competitive products and underwriting whether it be term insurance, universal insurance or whole life insurance.  Contact us for more information or request a quote for a cost comparison.