Other Insurance Products

Other Insurance Products We Offer

 

Many of our Long Term Care Insurance (LTCI) clients have a need for additional insurance products to round out their overall financial plan. When we work with clients we take the same approach as we do with LTCI insurance – consultative. We represent our client first, help decide if the product is needed at all, and if it is, choose sensible coverage.

We have been writing insurance policies in these areas for over twenty years (and Long Term Care Insurance since 1975!). We’ve seen a lot, but we don’t “fake it until we make it” with your needs. We’re honest about our capabilities. We have a wide range of expert professionals, and we’re very happy to bring them in when what you need is more than we can service.

Here are the types of insurance products we offer. If you have questions or would like to talk about purchasing any of these insurance products, please contact us.

Disability Insurance

Disability insurance provides essential financial protection in the event that an illness or injury prevents you from working. This coverage replaces a portion of your lost income, helping to maintain your standard of living while you focus on recovery. Whether you need short-term protection during a temporary disability or long-term coverage for more serious conditions, disability insurance ensures you have the support needed to manage expenses and avoid financial strain.

Whole Life Insurance

Whole life insurance is life insurance that you own. It offers lifelong coverage with the added benefit of a cash value component that grows over time. As long as premiums are paid, your policy remains active, providing a guaranteed death benefit to your beneficiaries. Additionally, the cash value accumulates on a tax-deferred basis, which you can borrow against or use to pay premiums. Whole life insurance is an ideal choice for those seeking stable, long-term financial protection and a way to build savings.

Term Life Insurance

Term life insurance is life insurance that you do not own. It provides straightforward and affordable coverage for a specified period, such as 10, 20, or 30 years. If you pass away during the term, your beneficiaries receive a death benefit, which can help cover expenses such as mortgages, education, and other financial obligations. This type of insurance is ideal for those who want high coverage amounts for a lower premium and who need protection for a defined period of their life.

Annuities

Annuities are financial products designed to provide a steady income stream, typically for retirement. By investing a lump sum or making regular contributions, you can receive periodic payments for a specified period or for the rest of your life, depending on the type of annuity chosen. They offer a way to ensure financial stability and predictability in retirement, with options that can include fixed, variable, or immediate payments to suit different financial needs and goals.

Medicare Supplemental Policies

Medicare supplemental policies, also known as Medigap, are designed to fill the gaps left by Original Medicare coverage. These policies help cover costs such as deductibles, copayments, and coinsurance, providing additional financial protection and reducing out-of-pocket expenses. With various plans available, you can choose the one that best fits your healthcare needs and budget, ensuring comprehensive coverage and peace of mind as you navigate your healthcare journey.

If you have questions, please let us answer them! You can call us at 800-533-6242, email us at info@galtci.com, or fill out our contact form.