Personal Coverage
In this changing economic and political climate, planning for your needs can be daunting and full of questions. Whether you have a change in family status, are in the midst of a career transition or have a long-standing job, having the right personal coverage is important. We’re here to guide you through it.
Most of our clients that come to us for their personal insurance and financial planning needs are owners and employees for whom we’ve provided group benefits solutions, as they’ve experienced our high level of service and support, and trust us to offer solutions that make sense.
Life insurance
Life insurance is crucial in making sure your loved ones are provided for, and can also be used to help pay estate taxes and contribute to charitable giving plans. It also has other advantages, such as supplementing retirement and providing a living needs benefit. There are many factors to consider in planning various types of life insurance. We will advise you based on your individual objectives and circumstances.
Health insurance
With health insurance legislation in flux, we keep on top of what’s happening to educate you on your options and the future outlook. While no one can accurately predict where new legislation will land, we advise you based on our extensive knowledge of the health insurance market and solid judgment built upon years of experience.
Retirement planning
There are many options to evaluate when it comes to retirement planning – 401(k) plans, IRAs, Roth IRAs, rollovers and more. As pensions are a thing of the past in the private sector, annuities are an alternative that provide tax-deferred growth and guaranteed income. The decisions you make now have a multiplier effect years from now.
Disability insurance
A serious injury or illness may render you unable to work and significantly impact your income. Disability insurance is an important financial planning tool to protect your loss of earnings to maintain your standard of living. Basic disability benefits often only cover a fraction of your salary (at times as low as 30-40%). Rathbun Sargent offers solutions to supplement limited disability insurance that may be part of your employment benefits as well as standalone policies.
Long-term care insurance
Long-term care insurance helps pay for care generally not covered by health insurance or Medicare, for individuals who need it because they are unable to perform daily living activities like bathing or eating. About 40% of long-term care recipients are ages 18 to 64. If you need long-term care and lack coverage, it is too late to get it. We work with you to protect you against that risk, making sure you have insurance in place to pay for care if and when you need it.
Estate and legacy planning
Rathbun Sargent develops financial strategies that enable a well-planned and timely transfer of your assets to a loved one, next of kin or charitable institution, and avoid probate. Depending on how complex your estate is, we work in conjunction with your tax and legal advisors to create a comprehensive plan that minimizes taxes, prevents ambiguous interpretation and litigation, and ensures that your wishes are followed in the event of your incapacity.