Three Types of Insurance You Need

Starting in 2014, most Americans will be required to carry health insurance. The following three forms of insurance are not mandatory, but they may help you look after your family now and into the future.

DISABILITY INSURANCE

Short-term policies usually begin paying benefits about two weeks after a claim, and continue for a few months up to two years. Long-term policies generally start paying benefits after several weeks to several months and may continue until age 65.

LIFE INSURANCE

Term life insurance pays a benefit only if you pass away during the term of the policy. Whole life insurance pays a benefit regardless of when you pass away, as long as you make your scheduled premium payments. Whole life contracts also accumulate cash value, against which you can borrow, and the policies usually have much higher premiums than term insurance.

LONG-TERM CARE INSURANCE

Long-term care insurance can help cover the cost of assistance you may need with activities of daily living as you grow older. This insurance helps keep your savings from being consumed by insurance expenses, and helps ensure that your long-term care needs will not be a financial burden to loved ones.

The experienced professionals at Chemical Financial Advisors would be happy to help you put together a comprehensive insurance plan. For more information, please visit www.ChemicalFinancialAdvisors.com
or call (800) 808-5404.

Securities and insurance products are offered through Cetera Investment Services LLC, member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with Chemical Bank and its related companies. Investments are: • Not FDIC insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency. Advisory services may only be offered by Investment Adviser Representatives.