Financial Security for Life™
Here is an easy-to-follow process of what to do to become financially secure for life:
What Our Clients Say About Us
Financial security is the main goal for any financial plan. Yet many financial advisors and agencies focus on products and services that may increase income but cannot guarantee income. These agencies often have only limited knowledge, expertise, or company selection when it comes to products that can provide guaranteed income. However, at CEG Life Insurance Services, our focus is on financially protecting individuals, families, and small businesses across the country with guaranteed income after the loss of income that inevitably occurs following three of life’s biggest challenges: death, disability, and retirement.
Life insurance is at the core of our business. We believe that life insurance is a foundational part of a comprehensive financial plan and our aim is to help you understand the policies available to you, the companies that provide those policies, and the process and cost of obtaining a life insurance policy. We then help you obtain the best policy for your needs, from the company of your choice, at the best available price, as well as provide you ongoing service for your life insurance policy after your purchase.
What is your most valuable asset? Many would mention a business while others a home. Some might present an investment portfolio. However, the majority of individuals fail to remember the single most valuable asset that makes all others possible: the ability to earn an income. But what happens when you can’t work due to a disabling illness or injury? Disability insurance guarantees a set monthly benefit for a set amount of time, so that you can continue to provide for yourself, your family, or your employees while you are disabled.
While many people understand what life insurance and disability insurance is for, an annuity policy is not as familiar. However, an annuity serves a similar purpose to both life and disability insurance. Like those types of policies, an annuity is also intended to replace a lost income, but these payments will come as a result of retirement. An annuity can guarantee a monthly income for you for either a limited amount of time or for the rest of your life. It can also be passed on to a loved one in the event of your death.
Long-Term Care Insurance
You will spend years working, saving, and investing in preparation for retirement. When that day finally arrives where you can finally look forward to years of travel, activities, and everything else that you have been planning for, you do not want to lose all that money to pay for assisted living, nursing home, or home health care. However, an illness or injury in your later years can require this type of care, and the cost of these services can have a dramatic impact on your retirement savings. With long-term care insurance, though, you can make sure that you can enjoy and afford your retirement years as well as leave a financial legacy behind.
Understanding Life Insurance
Life insurance is a financial protection policy for your family that gives them a tax-free cash payment should you die while the policy is in effect. It is a foundational part of any financial plan and could end up being the most important financial decision you ever make.
Term Life Insurance: This type of policy provides coverage for a specific length of time (a term). Term insurance is popular for providing the largest immediate death benefit for the lowest amount of premium.
Whole Life Insurance: This type of policy offers coverage for your whole life while it also accumulates cash value. It can pay dividends, be invested in the stock market, or simply benefit from increases in a specific market index like the S&P 500.
Universal Life Insurance: This type of policy offers flexibility in premium payments allowing you to pay more or less at different periods of time. It can also be used to accumulate cash value with or without involvement in the stock market or set-up as a non-cash accumulating policy to pay out no matter how long you live.Learn More
What Is an Annuity?
An annuity is a type of life insurance policy that can be used to accumulate and distribute a lump sum of money as regular guaranteed income payments for a specific amount of time up to as long as you live.Learn More
Understanding Disability Insurance
Disability Insurance will pay you a tax-free monthly benefit to provide for yourself and your family if you become disabled during your working years and are unable to continue in your employment. We offer numerous plans that can provide financial protection for you and your family should you suffer a disability before or after retirement.
Short-Term Disability Insurance: This type of disability policy has a waiting period of 0 to 14 days and a maximum benefit period of no longer than two years. These policies are generally obtained through group coverage through an employer or other association.
Long-Term Disability Insurance: This type of disability policy has a waiting period from several weeks to several months. The maximum benefit period ranges from 6 months to retirement time.Learn More
What Is Long-Term Care Insurance?
Long-term care insurance pays a tax-free benefit to pay for nursing home, assisted living, or home health care should you become unable to perform two out of six activities of daily living without assistance. These activities include bathing, dressing, eating, toileting, transferring, and continence. Most long-term care services are generally not paid for by health insurance, Medicare, or Medicaid, so this benefit can protect you from having to use your retirement savings to pay for this kind of care, which can be extremely expensive.Learn More