Insurance

Life insurance needs vary depending on your personal situation—the people who depend on you. If you have no dependents, you probably don't need life insurance. If you don't generate a significant percentage of your family's income, you may or may not need life insurance.

If your salary is important to supporting your family, paying the mortgage or other recurring bills, or sending your kids to college, you should consider life insurance as a way to ensure these financial obligations are covered in the event of your death.

Disability insurance comes in many forms and can be obtained through a wide range of providers at varying prices. The price of a disability insurance policy will be dependent upon the length of the elimination period, the benefit period (how long you are able to receive the disability benefit), and how strict the definition of disability is under the policy. Each policy can have its own definition of what qualifies as "disabled," so it is important to understand these rules before buying a policy. FPR has experienced professionals on our team who will help guide you toward the policy that is right for you.

A long-term care insurance policy helps cover the costs of that care when you have a chronic medical condition, a disability or a disorder such as Parkinson's or Alzheimer's disease. Most policies will reimburse you for care given in a variety of places, such as: your home, a nursing home, or an assisted living facility.