Life, Long-Term Care & Disability


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Life Insurance

While everyone knows why life insurance is important, many ignore the reality of what would happen if they were to pass away suddenly without any policy in place. According to statistics, about 43% of the population doesn't own a life insurance policy. However, nearly 1/3 of Americans would feel the financial hurt tied with losing a primary earner within the month.

Your Life and Loved Ones Are Our Priority!

Your Life and Loved Ones Are Our Priority!

At Tompkins Insurance Agencies, our comprehensive life insurance solutions ensure that your family can maintain their current standard of living even after you pass away. It protects your dependents and business from folding under the weight of unpaid bills and loans that you leave behind.

We offer the following coverage options as part of our life insurance plan:

  • Term Life: covers you for a specific period, say 10 to 30 years, with fixed premiums. The death benefits are paid out to the beneficiaries if the insured dies within the policy term.
  • Whole Life (Permanent): covers you for your entire life, provided you pay regular premiums. It also earns an additional cash value that can be withdrawn as a loan.
  • Universal Life: though similar to whole life insurance, it gives the added flexibility of adjusting your premiums within a specific range.
Your One-Stop-Agency for Life Insurance Needs

Your One-Stop-Agency for Life Insurance Needs

From determining your coverage needs to explaining your coverage costs to helping you choose between a term or permanent policy, Tompkins Insurance Agencies can assist you with all your life insurance needs. Even if you already have coverage in place, we can guide you through the process of updating and renewing your policy. From start to finish, we are ready to assist you.

Long-Term Care Insurance

By the time you reach age 65, there is a 50% chance that you'll require paid long-term care (LTC). If you pay for this care out-of-pocket, it will cost you $140,000 on average. However, if you are like most other Americans, you probably haven't planned for this financial risk.

Why Do You Need LTC Insurance

Why Do You Need LTC Insurance?

Currently, only 7.2 million or so Americans have secured LTC insurance. This policy is designed to cover the costs associated with nursing homes, assisted living, or in-home care—expenses that aren't covered by Medicare. If you do not have LTC coverage in place, then you could be leaving yourself, your loved ones, and their assets at risk.

Services Covered by Long-Term Care Insurance

Services Covered by Long-Term Care Insurance

LTC insurance covers services that may or may not require medical assistance.

Medical assistance comprises help with Activities of Daily Living (ADL), such as:

  • Eating and drinking
  • Bathing
  • Dressing
  • Transferring (over short distances, such as from bed to chair)
  • Incontinence
  • Using the toilet

Non-medical assistance includes help with:

  • Grocery shopping
  • Pet care
  • Housekeeping
  • Cash management
  • Taking timely medications

Looking to secure the right LTC insurance? We can get you started by answering any questions you may have and walking you through your coverage options.

Disability Insurance

Research indicates that one-third of employed Americans will become disabled for at least 90 days at some point in their careers. Despite this, many do not have financial protection if a short- or long-term disability prevents them from working. This is where disability insurance comes in. This type of coverage is specifically designed to make up for the income you lose while you are unable to work.

How Does Disability Insurance Work

How Does Disability Insurance Work?

Disability insurance replaces a portion of your income so that you can pay your medical bills if you get too ill or injured to work. This policy is a must-have for individuals who depend on their paycheck for survival. Most disabilities are caused by illness, and workers' compensation doesn't cover many common conditions like heart diseases and diabetes. In such instances, having adequate disability insurance in place will protect you from going bankrupt.

Your employer may provide:

  • Short-term disability benefits- cover you immediately after an incident
  • Long-term disability benefits- pay for disabilities that last for years

You can also buy additional coverage to supplement the benefits provided by your employer.

Ready to secure the right disability insurance? We can help you understand how this coverage works, how long it lasts, what is covered, and how to increase your coverage. Call us today at 1-888-261-2688 to learn more!