Individual Insurance

Smart Income Protection

An often-overlooked type of insurance—disability insurance—is really income protection. Your earned income is your most valuable asset. Imagine what life would be like without it if you were hurt or sick and couldn’t work. You may be thinking, What about workers compensation or temporary disability insurance that my employer provides? Isn’t that sufficient? In fact, 90% of disability insurance claims are actually caused by illnesses, not accidents. In Hawaii, workers comp provides just under 67% of your income and TDI only pay out 58%. In addition, both of these benefits are taxable, and temporary disability only pays for up to six months and has an income cap. In short, purchasing your own disability insurance is a good idea. We can talk to you more about your options.

Are you self-employed?

If you are a business owner, you especially need disability income protection because you are most likely not covered under your company’s worker’s compensation or TDI policy. Fill in the gaps with disability income protection to protect your most valuable asset. 

Protect Your Loved Ones' Future

Life insurance is a safety net designed to provide financial security to beneficiaries in the event of the policyholder’s death. By paying a death benefit, life insurance can help cover expenses such as funeral costs, outstanding debts, or lost income, ensuring that loved ones are financially supported. 

With various types of life insurance available, choosing the right policy can be complex. It’s important to partner with a knowledgeable life insurance agent to help you make the right choice for your future.

Be Prepared for the Future

The median annual cost of a semi-private room in a nursing home facility in Hawaii is $181,040, with private rooms costing $196,370 per year (source: 2024 Genworth Cost of Care Survey). Seventy percent of people over the age of 65 will need long-term care, according to the Department of Health and Human Services.

We offer a variety of carriers with strong financial ratings and competitive rates, such as Mutual of Omaha, Genworth among other carriers. Plans can be customized to fit your needs. 

Annuities, Explained

An annuity is a contract with an insurance company or financial institution that is designed to accumulate and grow funds from premium contributions paid by an individual. At a later point in time, you can receive a series of income payments from your annuity, which can be guaranteed to last as long as you live. Aside from lifetime income, other benefits of an annuity include tax-deferred growth and a chance to avoid probate.

Types of Annuities

Traditional Fixed Annuity – Offers a declared fixed interest rate that is guaranteed for a specific period and guaranteed to never go below a specific percentage.

Fixed Index Annuity – Interest rate credited to your annuity contract is linked to specific market indices that you can choose on an annual basis. Once the interest is credited you are guaranteed that it can never go down based on future market fluctuations.

Immediate Annuity – You are guaranteed an income stream ranging from a specific period of time to your entire life. An immediate annuity offers a solution to the problem of outliving your money.

(Source: http://www.annuityfyi.com/types-of-annuities)

Contact us today to learn more about how annuities might fit into your financial plan.