As an owner, should I consider a group LTD (Long Term Disability Policy) or an LTC (Long Term Care Policy).

With the lowest rates currently avaialable on these policies with high limits, no medical exams, and even guaranteed issue it may be time to consider as these plans are one of the lowest cost benefits offered to employer groups. The costs can even be shared with the employee, however with these low cost it makes good sense as a benefit.

Group plans me be offered along with voluntary plans that can add value since the group becomes a base and then the voluntary individual plans will cost less as the employee only needs to supplement a smaller portion of there risk.

What are some of the other benefits of these plans. Employees become more secure knowing they have income if the are sick or hurt and thereby are less likely to leave an employer saving turnover costs and return to work faster with a secure income that assist them with recover by relieving tension form that would have been there from financial stress. LTC policies have the same value with a low cost employer base plan allowing the employee to supplement an invidual policy at less expense to them. Another advantage is they can add not only a spouse, but parents, enlaws and others to a supplemental group plan even though they are not on the base group plan.

For more information: email, jbeyer@amsinsure.com or call 800-334-7875

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Disability Income Plans…Often overlooked building a strong financial plan; this type of policy provides the base of all future plans. Consider the odds of every other risk in life and this one is ahead of them all. Take a moment to consider the possible problems for short term or long-term loss of income from an accident or illness. In a few minuets you can decide on whether you should get a proposal, it only takes a moment. Whether you work for a company, are self-employed or a business owner, there is a plan for you.

Long Term Care…(LTC) is a phrase, which is used to describe a variety of services in the area of health, personal care and social needs of a person who requires assistance with the basics of living. Services can be provided in home care, assisted living, or a convalescent care facility. Recent studies based on nursing home admissions indicate that 40% of all persons age 65 and over will enter a nursing home in the future.