Legacy Insurance Brokers, LLC. is here to prepare you for your future! Preparation is the most important thing you can do to protect you and your loved ones. Insurance is the best financial tool to prepare with. It can ensure that your family’s well-being is minimally impacted should anything unfortunate happen. We offer many insurance products, each with a specific purpose. This may include Life Insurance, Long Term Care, or additional Medicare plans. 

We are committed to finding the right one is out there for you. Whether it’s term, whole life, annuities or final expense insurance, our team of experienced registered agents will work one-on-one with you to help identify and fulfill your needs.

What is an annuity?

An annuity is a contractually-executed, relatively low-risk investment where the insured individual pays a lump-sum premium to their insurance provider up front. That money will be paid back to the policy holder in fixed, incremental amounts over a determined period of time.The money is used for investments in which the resulting profit to compensate the policy holder. 

What is an immediate annuity?

An immediate annuity is the most basic type of annuity. A policy holder makes one lump-sum contribution where it's converted into an ongoing, guaranteed stream of income for a predetermined period.

What is a deferred annuity?

A deferred annuity is a contract with an insurance company that is viewed as a medium for accumulating savings later. This policy pays the policyholder a regular income, or a lump sum, at a future date. 

What is life insurance?

Life insurance allows a policyholder to make specific payments into an account in exchange for a lump-sum premium payment that is collected upon death by the beneficiaries of the policy.  

What types of life insurance are there?

• Term Life Insurance
• Whole Life Insurance
• Universal Life Insurance
• Variable Universe Life Insurance

How do I calculate how much life insurance I need?

There are formulas and calculators that can help determine that, but it is a case by case basis. A reasonable amount for life insurance is 6 to 10 times the amount of your annual salary. Please contact us, so we can go through your specific needs together.

Is life insurance just for families with children?

No, young families often buy inexpensive policies for family security when their children are born. Life insurance can be used for debt repayment, business needs and end of life expenses, or estate taxes.

Is it possible to buy life insurance at any age?

Yes, although life insurance tends to increase in price with age. There are policies for older individuals, life insurance requires good health to qualify. Each plan has different requirements and prices.

Long Term Care can quickly exhaust the savings of families if they are not prepared. Long Term Care Insurance helps to lower the costs of professional assistance with day to day living, that you may not have accounted for. Care typically happens in a nursing home or an assisted living facility but people are more frequently opting to remain at home. Simple tasks like eating or bathing may become too challenging to do alone and LTC is there to help fill those needs. It becomes a necessity and can be a necessity throughout the remainder of ones life. Legacy Insurance Brokers knows the challenges you may face and can help plan ahead with you to give you the best options.

What is LTC?

Long-term care insurance (LTC), is an insurance product that helps provide for the cost of long term care beyond a predetermined period. Long-term care insurance covers expenses that are generally not covered by health insurance, Medicare or Medicaid. 

What are the benefits of LTC?

Long-term care insurance covers home, respite and hospice care, as well as assisted living, nursing home and Alzheimer's facilities. If home care coverage is purchased, long-term care will pay for home care as well as a live-in caregiver, private duty or therapist from the first day it is needed.

Medicare may not be easy to understand. There are many determining factors that impact your Medicare options and decisions. Legacy Insurance Brokers are experienced and licensed to be able to inform and assist in this process. We offer standard Medicare, Medicare Advantage Plans, and Medicare Supplement Plans. Whatever it is you may need, we are here to help!

Check out our Medicare website to look at your options HERE or give us a call today to get started!