Financial Services
Protecting your loved ones and yourself is what individual insurance services is all about. We provide many different solutions depending on what your circumstances are. We’ll analyze your situation and provide you with what we believe to be the best insurance solution for your needs. Whether you’re looking for short-term or lifelong protection, we can find the answer.
Everyone has different goals for their money. Some want an early retirement. Others may want to travel extensively. Whatever your goals are, we can help you accomplish them by helping you choose investment options and strategies for you. Thanks to our years of experience, and our strategic alliances, we can help you invest appropriately. We understand that they are your goals, and it is your money, so it needs to be your investment strategy. You won’t find any “cookie-cutter” investment strategies here.
Back to Top of Page
Life Insurance
One of the main reasons to own life insurance is to provide security for those that depend on us in case of our death. Ask yourself:
- How will your family survive if you were to die today?
- Would your spouse have enough income to maintain the lifestyle that you currently have?
- Would there be enough money to cover your children’s education and other expenses that you had planned on?
- Would your spouse be able to continue to make the mortgage payments on your home without your income?
There are many other good reasons to own life insurance, such as:
There are two main types of life insurance; term and permanent.
Term Life Insurance:
Term life insurance provides temporary protection during a specified time period, or term. Generally term life insurance policies are issued in 10, 15 or 20 year increments. Term life insurance is generally less expensive than permanent life insurance. A good comparison is to think of term life insurance as a home alarm system. You certainly don’t want to ever have to use it, but it provides an extra layer of comfort and security knowing that it is there in case you do need it.
Advantages:
- Initially, premiums are lower, allowing you to purchase higher levels of coverage at a younger age
- Good for covering needs that will disappear over time
Disadvantages:
- Can become very expensive if you want to renew after the term expires
- Polices do not accumulate cash value
Permanent Life Insurance:
Permanent life insurance is meant to provide lifelong protection. There is no specified time limit for this coverage. If term life insurance provides protection in case you die, permanent life insurance provides protection for when you die. While permanent life insurance is generally more expensive than term life insurance, it also provides many other options and benefits. With permanent life insurance, a portion of the premium payment you make is set aside to accumulate a cash value. Permanent life insurance also allows you the flexibility of having a fixed or flexible premium.
Advantages:
- Offers life long protection as long as premiums are paid
- Premiums can be fixed or flexible
- Policy accumulates a cash value which you may borrow against
Disadvantages:
- Initially, premiums are higher than term life insurance
- Few, or no, guarantees on cash value, death benefit, or both
Disability Income Insurance
“We insure our houses and our cars, but we don’t insure our biggest asset – our ability to earn an income.”
David Woods,
President of LIFE Foundation
Everything that you have, and everything that you hope to have, depends on your continued ability to go to work each day and earn a living. You are your greatest financial asset. Ask yourself:
- What would happen if for some reason you were no longer able to work and receive a paycheck?
- Would your family be able to maintain its lifestyle without your income?
- How dependent on you is your family?
Disability income insurance protects against the potential loss of income due to a disability that prevents you from working.
Long Term Care Insurance
What would happen if you suddenly found yourself in need of constant care? Would you be able to pay the cost of in-home care provided by a nurse? Will you be able to pay for a nursing home, or an assisted living facility in case you need it later in life?
The cost of long term care is skyrocketing and yet statistics indicate that more than half of the US population will need some form of long term care at some point in their lives.
Long term care insurance can help offset the rising cost of long term care.
Insurance Policy Review
We will review your personal situation to determine how much and what kind of inurance you need and develop a risk management strategy just for you. A detailed review is important to assure that your needs are covered - and that you are not paying for coverage you don't need. CF Services Group, Inc. works with you to complete a detailed insurance policy review and make sure that your insurance coverage is appropriate.
Critical Illness Insurance
It used to be that if you had a heart attack, or were diagnosed with cancer, you pretty much knew the outcome. Life insurance was your best bet to protect your loved ones in case you suffered one of those conditions. But now, things are changing. Being diagnosed with any one of a series of conditions that used to be fatal is no longer a death sentence. However, a diagnosis will still change your life and the lives of your loved ones dramatically. Critical Illness insurance fills the gap between living with a diagnosis and having one of these conditions take your life.
Let’s say that you have a heart attack. You’ve survived, but your ability to work has been severely affected – even if it’s temporarily. You’ve probably got quite a few medical bills that need to be paid as well. Critical Illness insurance provides immediate funds in case of diagnosis of any one of several different conditions. The conditions may vary depending on the insurance company, but generally include:
Investment Services
Back to Top of Page
Len Cohen is a registered representative and financial planner of and offers securities and financial planning services through Walnut Street Securitied, In. (WSS), member FINRA/SIPC. CF Services Group, Inc. is a separate entity from WSS.
|
